Comment on Trade360

<p>I worked for this company and ultimately the idea was to get as many people to deposit vast sums of money. The more you deposit the more the agent would receive in commissions. Which is the only objective for this company and the job role. </p> <p>After you deposit and place a trade you would be passed onto a PTS (personal training specialist) who can’t be called a personal trading specialist as they have no personal trading experience themselves whatsoever, but will talk jargon to novices to convince them they’re experts, and have them deposit even more funds (again increasing those commissions). They’re just another sales agent who has likely been in the company 6 months longer than the other phone agents.</p> <p>Usually the calls will be based around trying to show you the trading platform (I suggest you outright reject these offers as the platform is very basic, remember the idea at the end is for you to deposit a lot of money). They’ll try to show you an opportunity with oil, gold, silver or a currency pair. Then they’ll show you some old chart information and make you feel like you missed so many opportunities to make profits. They’ll then do some calculations using the professional level multipliers (levarage) which you won’t have access to anyway to show potentially how much you could have made. Which is all irrelevant as you won’t have access to that level of levarage with your personal accounts, this part is solely designed to make you greedy and make you feel like you could have made these profits yourself. Then with that fresh in the mind it’s off to the deposit centre.. </p> <p>Throughout the call they might mention 3rd party analysts, as the company itself has no analysts (this should be a red flag). Who they refer to as 3rd party analysts are bloomberg or reuters, they are news channels that are playing in the office. You could also just put these news channels on your own TV’s at home and you have access to trade 360s analysts.. </p> <p>The tools they offer are the personal deposit agent (PTS), which we have covered. </p> <p>For experienced traders I’ve seen spreads on trending markets be at 128 pips! </p> <p>Crowd trading (which every brokerage has but might be called something different, even unregulated brokers have crowd trading) is where you can see what other traders are buying or selling. This is not new or something only one brokerage has, they all have it. Usually one main brokerage will have upto 7 different trading brands, and you will be able to see what all traders are trading with on their platforms. You have to remember 90% of new traders lose all their investments, so why would you follow other peoples mistakes? </p> <p>Best advise is to learn to trade yourself through materials online, baby pips is a good place to start. </p> <p>If you choose to learn through a broker like this then you will have to pay thousands for information that is available online freely or worst case scenario you won’t learn anything and just be given bad investment advice. </p> <p>Remember if a company has to try to convince you to join them and go through all that process just to get you to deposit money with them (the point of the 1hr call is solely to get you to deposit money) then are they that great of a platform to use for trading? You’d be better off going with a professional broker who couldn’t care less if you deposited or not, and doesn’t ring you 5 times a day trying to convince you to see their platform (being shown the platform is the deposit pitch) </p> <p>When I started this role we were all made to create fake names to use, and the view was that our clients were idiots who have no idea what to do with their money, so it’s better off in our pockets as commissions. </p> <p>In summary, I would avoid trade 360 as its essentially a gambling site rather than a professional brokerage. Remember even gambling sites have to be regulated in Europe, so this isn’t something that should be used as a reason to deposit your money with them. If they surgest to you to deposit with them because they’re regulated in Europe I would just laugh at them.</p>

<p>Traders have access to 48 currency pairs, providing ample, if not slightly basic coverage of the market. Only five commodities are available, which fails to adequately complement the Forex market selection. Equities represent the bulk of assets, where 462 liquid names are listed; only seven index CFDs are listed, unfortunately. Completing the asset list are 41 ETFs; cryptocurrencies are notably absent. New traders will find the selection adequate and committed equity traders have an acceptable choice. More advanced traders will discover limitations, especially in the Forex and commodity sectors, however<br> in my opinion</p>