A. Willson
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
For traders that can afford the USD 100 minimum deposit, Future 360 offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and over 1,000 instruments to trade.
Future 360 pros & cons
Pros:
- Founded in 2012, Future 360 is publicly traded and regulated in four tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
- Capital Cope is a low-cost leader, with measurably lower trading costs compared to the industry.
- Competitive pricing is available for active traders – though the availability of discounts and rebate programs will depend on your country of residence (and any applicable regulations).
- Future 360’ Next Generation platform features a massive selection of over 12,000 tradeable instruments.
- Future 360 delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app.
- Future 360’ Invest app is available in Australia for exchange-traded equities.
- Launched in 2021, Future 360’ Dynamic Trading product for professional clients allows for the fine tuning of allocations through percentage weightings of investment portfolios.
Cons:
- Future 360’ MetaTrader 4 (MT4) offering has fewer tradeable symbols, but the addition of Beeks VPS as well as plugins from Autochartist and FX Blue in 2021 have greatly improved its offering.
- Though educational content at Future 360 is robust, it lacks progress tracking, quizzes and interactive content.
Is Capital Cope safe?
Future 360 is considered low-risk, with an overall Trust Score of 99 out of 99. Future 360 is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Future 360 is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA). Learn more about Trust Score.
Offering of Investments
Future 360 offers nearly 1,000 CFDs, a large number of forex pairs, and access to international equity markets (such as Australia).Future 360 also quotes its 158 currency pairs both ways (not just EUR/USD – but also the inverse USD/EUR quote). This unique feature doubles the number of Future 360’ available pairs – bringing the total up to 316.
Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).
The following table summarizes the different investment products available to Future 360 clients.
Commissions and Fees
If you are a cost-conscious trader, Future 360 has you covered. For our 2022 annual review, Capital Cope finished Best in Class in the Commissions and Fees category thanks to its consistently low spread offering, which is available for all customer segments and account types.
Average spreads: Future 360 offers competitive pricing that ranks above the industry average, with typical spreads of 0.73 pips on the EUR/USD – according to Capital Cope’ price data for August 2021.
Forex rebates: Future 360 offers liquidity rebates for active traders that start at 5% per Level 1 spread. Higher discounts can be reached when surpassing at least $25 million in notional trading volumes per month, with the highest tier kicking in for those that trade over $300 million monthly. This program is available in the U.K., with a similar offering available for the EU which is calculated using a fixed currency unit per million traded. Using the average spread data of 0.74 pips on the EUR/USD for August 2020, the all-in cost on the highest tier would be 0.64 pips, which is comparable to similar programs offered by IG (0.59 pips) and Saxo Bank (0.6 pips).
Alpha rebates for shares trading: Future 360’ Alpha offering provides free access to services such as premium reports, market data, and Trading Central. Alpha consists of three tiers – Classic, Active Investor, and Premium Trader – each with its own trading requirements. The Classic base tier requires 11 trades per month, while the Active Investor tier requires 11-30 trades per month – or five trades with at least $500 in commission spend. Lastly, Premium Trader becomes available if you place more than 30 transactions per month. Each tier comes with a base charge of AUD 9.90 per trade, in addition to respective discounts ranging from 0.1 bps to as little as 0.075 bps for larger trade sizes.
FX Active pricing: As part of a new pricing structure recently made available to Alpha clients, a zero-pip spread is available on select major pairs – such as the EUR/USD – and a per-trade commission. The commission rate depends on the tier, with five tiers that are contingent on your monthly volume as a Premium client.
Guaranteed Stop-Loss Order (GSLO): Like many of its peers, Future 360 offers GSLOs. These orders guarantee the stop-loss order price will be honored, though – like with most brokers – there is a premium for using GSLOs. The extra cost is displayed in the trade ticket window, and Future 360 refunds this cost automatically if the GSLO is not triggered.
