360TradeHub Review 2024

What is 360TradeHub?

360TradeHub is a brokerage firm based in the United Kingdom. With a solid track record of 2-5 years. , it has earned a strong reputation for excellence. The firm provides a wide selection of market instruments, ensuring a diverse range of trading options for their clients. These include:. Forex: The foreign exchange market, also known as Forex, is a global marketplace for trading national currencies against one another. Forex is one of the most traded markets in the world, with a daily trading volume measured in trillions of dollars. Stocks: Stocks represent ownership in a company and constitute a claim on part of the company’s assets and earnings. Stock Indices: A stock index is a measurement of a section of the stock market. It is computed from the prices of selected stocks. Commodities: Commodities include agricultural products like wheat, coffee, corn, and metals like gold, silver, and platinum. Precious Metals: Precious metals are rare, naturally occurring metallic elements that have high economic value. Examples include gold, silver, and platinum. Energies: This includes trading in energy commodities like oil and natural gas. Cryptocurrencies: Cryptocurrencies are digital or virtual currencies that use cryptography for security. 360TradeHub is the unified solution for all trading ambitions from traders all over the world. With millions of active clients, it has become a significant player in the financial trading landscape.

What is the Review Rating of 360TradeHub?

What are the Pros of 360TradeHub?

360TradeHub is a brokerage firm that offers several advantages for traders, particularly in the context of forex trading. Here are some of the key benefits:. Diverse Range of Market Instruments: 360TradeHub provides access to a wide selection of market instruments. This includes major international stocks, indices, commodities, and over 90 forex pairs including EUR/USD and GBP/USD. This diversity ensures that traders have a broad range of trading options at their disposal. Competitive Spreads: The platform offers low spreads starting from just 0.6 points. This can contribute to more cost-effective trading for users. High Leverage: 360TradeHub provides high leverage, with up to 1:200 for PRO accounts and up to 1:400 for VIP accounts. This allows traders to potentially generate significant profits from relatively small investments. Advanced Trading Platform: Users can trade CFDs and other instruments from one advanced online trading platform. This platform emphasizes timely execution, aiming to provide efficient trade execution for users. No Commissions or Hidden Mark-ups: 360TradeHub promotes transparency in trading by not charging any commissions, requotes, or hidden mark-ups. Valuable Trading Tools: The trading tools offered by 360TradeHub provide valuable resources for traders and investors, helping them stay updated, analyze markets, manage risk, and make informed trading decisions. However, it’s important to note that there are also some potential drawbacks to consider. The platform lacks specific details on trading conditions, such as leverage and margin requirements. Additionally, there is limited information available on the trading platform features. Lastly, the platform’s customer support information is not readily available.

What are the Cons of 360TradeHub?

360TradeHub, a forex trading platform, has been the subject of scrutiny due to several concerning factors. Here are some of the key drawbacks associated with this platform:. Lack of Regulation: 360TradeHub is not regulated by any major authority like FCA, FMA, FINMA, ASIC, SEC, etc. This lack of oversight can lead to potential risks for traders, as there is no guarantee of the platform’s compliance with standard trading regulations. High Minimum Deposit: The platform requires a high minimum deposit, which can be a barrier for new or low-budget traders. For instance, the minimum deposit for a PRO account is $10,000, for a Classic Account it’s $1,000, and for a VIP Account, it’s $50,000. High Spreads: 360TradeHub has comparatively high spreads. High spreads can eat into a trader’s profits, making it less cost-effective to trade on this platform. Unprofessional Practices: There have been reports of unprofessional practices and dubious strategies, such as not sharing contact information, asking for large investments and commissions, and having little transparency. Poor Communication: The platform reportedly stops communication once a withdrawal is requested. This lack of communication can lead to a poor user experience and potential financial loss. . In conclusion, while 360TradeHub may offer a diverse range of market instruments, the aforementioned drawbacks raise serious concerns about its reliability and trustworthiness as a forex trading platform.

Is 360TradeHub Regulated and who are the Regulators?

360TradeHub is a name that has been associated with the forex market. However, it’s crucial to understand the regulatory status of such a platform before engaging in any financial transactions. According to multiple sources. , 360TradeHub is not regulated by any recognized financial authority. This lack of regulation raises concerns about the safety of funds and the overall credibility of the platform. 360TradeHub has made two claims regarding its regulation. The first is that it is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), the two bodies that oversee the Forex markets in the United States. However, this claim is contradicted by the fact that 360TradeHub offers leverage that significantly exceeds the 1:50 limit set for retail clients by these regulators. Furthermore, a check with the NFA’s register reveals that 360TradeHub is not regulated by the NFA. The second claim made by 360TradeHub is that it is regulated by the Companies House UK. However, the Companies House UK is not responsible for regulating markets in the UK; this is the job of the Financial Conduct Authority (FCA). Moreover, since the UK also has a leverage cap that 360TradeHub exceeds, it cannot legally operate there. It’s important to note that trading with offshore brokers is generally discouraged due to the risks involved. Such companies often operate without oversight, which can lead to misuse or outright theft of deposits. Even without the threat of a scam, offshore brokers can pose a risk to client funds due to insufficient capital and poor leadership. In conclusion, 360TradeHub is not regulated by any recognized financial authority. This lack of regulation, coupled with the platform’s misleading claims, suggests that it may not be a safe or reliable platform for forex trading.