Retail FX and CFDs broker Trade360 has announced an upgrade to its trading platform, and plans to launch client trade protection.

Trade360, licensed in Cyprus (as Crowd Tech Ltd) and Australia (as Sirius Financial Markets Ltd), announced the immediate availability of its new online trading platform which includes a host of new features as well as an updated user interface.

“The latest developments in CFD trading, increased demands of more highly dedicated and market-savvy users have led to new requirements from what used to be scaled down browser-based platforms,” said company spokesman Jon Richard.

Trade360 said that its new platform features over 100 technical indicators and charting instruments, plus the ability to set a specific leverage for each position without having to contact one’s account executive. Another new feature is a Profit/Loss simulator, that immediately assesses target levels based on spread.

Although not yet available with the current Phase-1 part of the new platform, Trade360 said it plans to introduce in Phase-2 something called Individual Deal Protection – the ability to purchase insurance when opening a position. This type of trade insurance, which allows clients to limit loss on a specific trade to a specific amount (for the cost of a specific up-front premium), has become something of a novelty lately in the Retail FX world, last introduced by Ireland based AvaTrade as a feature called AvaProtect. But again, if Trade360 does add trade insurance it is only expected for the product’s second phase.

Trade360 Brand Ambassador Steve Smith, former captain of the Australian national cricket team, was quoted in the release:

“It’s amazing how so much has been squeezed into the home screen without making it seem cluttered. At a single click, you can access a proper chart with all the tools, update your account, open a position with all the stops and limits, and it’s all totally intuitive. It makes me proud to be a part of it all.”

Company spokesperson Jon Richard added:

“A company like ours cannot afford to be still for a minute. The competition in financial services is growing fiercer by the minute, and what distinguishes Trade360 is our technological edge. Our CrowdTrading technology will also be an integral part of the new platform, of course. By now, our traders have come to depend upon it nearly as much as they do on the swift technical analysis the platform affords. I believe we’re still the only company around offering a true sentiment indicator that provides immediate and updated user-action data from throughout the entire trading community.”

The new Trade360 platform is immediately accessible with no downloads required on the company’s revamped website. Users can also access the fully-functional mobile version for tablets and cellular phones through both Google’s Play Store and Apple’s Appstore.