$50 no deposit needed Forex bonus for new customers
Trade360 has one of the best no deposit needed bonuses on the market right now. They require you to use a facebook or google+ profile to create an account. In order to receive the no deposit needed bonus, you must register, give your mobile number, and verify your mobile number with a 4 digit verification code. There are of course conditions attached to the bonus including trading requirements within the first week. As well, in order to withdraw any earnings that you make with your free bonus you must create an account, make a minimum deposit, and fulfill trading requirements. Some traders believe that the no deposit bonus conditions are too onerous. At the very least, it is a way to gain experience trading. Ensure that you have a full understanding of the complete terms and conditions of the no deposit needed bonus before attempting to claim it.
Trade360 is all about crowdtrading
Crowdtrading is one of the fastest ways for newcomers to FX trading to learn the art of Forex. Before placing a trade on Trade360, be sure to look at the Live Feed. It shows you how many people are buying and selling an asset. Crowdevents occur when a large volume of trades are being placed. This is in general in response to a major event – a company announcing a new product, or a political event such as the UK leaving the EU. You can see in real time how your fellow traders are reacting, either buying or selling in droves and decide whether you want to follow the trend or bet against what your other traders are doing. Either way, these instances of great change offer an opportunity for high risk, high reward profit.
Mobile and browser trading
You do not need to download anything in order to trade with Trade360. They have a completely browser based trading system. In addition to this, trading can be done on a mobile smartphone and tablets.
In addition to the live feed, Trade360 last easily analyzed charts that display relevant information on tradable assets.
Does Trade360 offer a demo mode?
Absolutely. We fully recommend that new traders test out the software with a demo account before claiming the no deposit needed bonus. This will allow you the best chance to turn your bonus into real money. As well, you will be able to fully understand the way that Trade360 operates. For example, you will gain knowledge of how market spreads work and the fact that each trade requires a minimum of one minute before being changed in order to prevent the practice of “scalping”.
Deposit and withdrawal information
Trade360 has a minimum deposit amount of $25 US. This is standard to the industry. Unfortunately, like many other FX brokers available to the UK, they do not allow deposits to be made in pounds. There are a wide array of deposit options for traders, including Credit Card, Debit Card, eWallet, and online bank transfers. Withdrawals must be processed through the same method as used for depositing, and they take between 3-10 business days. Due to global financial regulations, there are conditions to fulfill before a withdrawal can be processed. Traders must provide a valid piece of government ID such as a driver’s licence or passport. Proof of residence requirements must be fulfilled using a copy of a utility bill and the card used for depositing must be scanned (with most information concealed) in order to prove that you are the owner of the physical card. There are no additional withdrawal or deposit fees levied by Trade360.
Is Trade360 authorized by the FCA?
Trade360 is not regulated by the FCA. It is regulated by CySEC, the Cyprus Securities and Exchange Commission under the brand name MPF Global Markets Ltd, licence number 202/13.
As with all CFDs and Forex trading, there is significant risk to invested capital. It is not a suitable investment broker for all investors.