If you are reading this article, you’re likely having trouble deciding whether Trade360 or Plus500 is the better trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Trade360 vs Plus500 review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Plus500 vs Trade360 - Verdict
Israel Cyprus ASIC, CySEC, FCA, FMA, FSCA, MAS CySEC 2008 2013 Market Maker Market Maker $100 $500 N/A Proprietary platform, Web-based MetaTrader 5, Proprietary platform, Web-based 1.3 pips 1.8 pips ($18.00) 1.7 pips 1.8 pips ($18.00) - $0.07 - $0.20 82.00% N/A Not applicable N/A Not applicable N/A Commission-free N/A Visit Website 82% of retail CFD accounts lose money Visit Website
Features and Platforms
N/A N/A Visit Website 82% of retail CFD accounts lose money Visit Website
Trade360 deploys its proprietary CrowdFeed technology embedded in its WebTrader, but trading signals from Trading Central remain the best feature at this broker. The MT5 trading platform is also available, catering to algorithmic traders, but Trade360 demands a $1,000 minimum deposit, while the educational content remains below average. Plus500 only provides traders with its sub-standard proprietary trading platform and established itself as an execution-only broker. It thrives with its asset selection and competitive commission-free pricing environment. US traders using the Plus500 Futures platform can take advantage of a first deposit bonus and a generous reward program, offering attractive incentives for high-volume traders.
Available Markets
N/A N/A N/A N/A Visit Website 82% of retail CFD accounts lose money Visit Website
The asset selection at Trade360 remains below average with 49 currency pairs, zero cryptocurrencies, four commodity CFDs and nine index CFDs. The only bright spot is equity CFDs, where Trade360 provides 544 together with 42 ETFs. Plus500 presents Forex traders with 71 currency pairs and three cryptocurrencies. Completing the well-balanced trading instruments are 22 commodities, 26 index CFD, 95 ETFs, 585 options contracts, and 1,737 equity CFDs. While Trade360 maintains an introductory asset selection suitable for beginner traders, Plus500 provides a competitive mix of available markets, catering to advanced trading requirements. It places Plus500 well ahead of Trade360.
Typical Spreads and Fees
1.3 pips 1.8 pips ($18.00) 1.7 pips 1.8 pips ($18.00) - $0.07 - $0.20 - N/A Not applicable N/A Not applicable N/A Commission-free N/A N/A N/A $10 monthly after 3 months N/A Visit Website 82% of retail CFD accounts lose money Visit Website
One of the notable disadvantages of Trade360 is trading costs. The minimum spread for the EUR/USD is 4.0 pips or $40 per 1.0 standard lot. Trade360 deploys a commission-free trading environment, which is almost seven times more expensive than commission-based offers at competitive brokers. Plus500 counters with a commission-free mark-up of 0.8 pips - numbers taken on 09.11.2022. five times cheaper than Trade360. Swap rates on leveraged overnight positions apply at Trade360 and Plus500, and traders have to pay for third-party payment processor costs. Plus500 notes a currency conversion fee of up to 0.7% but remains cheaper than Trade360.
Security and Trust
United Arab Emirates, Australia, Cyprus, Estonia, Israel, New Zealand, Seychelles, Singapore, United Kingdom, South Africa Australia, Cyprus ASIC, CySEC, FCA, FMA, FSCA, MAS CySEC 509909, 250/14, 417727, 486026, 47546, SD039, 100648-1, NOT AVAILABLE, 4.1-1/18, F005651 202/13, 439907 N/A 1, 1 Visit Website 82% of retail CFD accounts lose money Visit Website
Both brokers have a regulatory license from the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities & Investments Commission (ASIC). Trade360 caters to international traders from the unregulated Marshal Islands subsidiary. Plus500 also has subsidiaries regulated by the FCA in the UK, the FMA in New Zealand, the FSCA in South Africa, the FSA in Seychelles, and the MAS in Singapore. Before its public listing in the UK, Plus500 had a series of missteps before 2018. Since its IPO, it maintains a spotless operational record. Both brokers provide negative balance protection and segregate client deposits. All client funds deposited with Plus500’s Cyprus subsidiary are held in segregated client bank accounts in accordance with the Cyprus Security and Exchange Commission’s (CySEC) client funds rules. Plus500AU Pty Ltd holds client money in a segregated trust account, in accordance with the Australian legal requirements.
Plus500 vs Trade360 – Verdict
Trade360 repeatedly stresses regulation, but most international traders will manage portfolios with the unregulated subsidiary out of the Marshall Islands. It also prides itself on its CrowdFeed, a sentiment indicator featuring additional alerts. With education listed as a core value, Trade360 fails to deliver a high-quality educational section. Traders who wish to trade with the MT5 trading platform must deposit $1,000+ versus $250 for its proprietary WebTrader. The cost structure remains among the most expensive ones available, while the asset selection outside of equity CFDs is below average. Plus500 shines with its well-balanced selection of trading instruments with a more competitive pricing environment, five times cheaper than Trade360. Plus500 is an execution-only broker and does not provide notably value-added services, and only its proprietary trading platform is available. The bonus and rewards system add a distinct benefit to active traders, making Plus500 an overall better broker.
Trade360 is one of the most expensive brokers, with the EUR/USD costing an unacceptable $40 per 1.0 standard lot versus $8 at Plus500.
What about MetaTrader and copy trading?
