365Trading Review Scam Complaint
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The FX and Binary broker 365Trading is operated and owned by Cypriot firm. The firm is founded in the year 2011 or 12. It projects itself as leading binary trading providers. We are unable to find information on the trading conditions as the website is not accessible anymore. We will give you an in-depth analysis of this broker in this scam broker review.
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According to our research the brand name 365Trading is allegedly owned and operated by Cyprus based firm named Fidelisco Capital Markets Limited. It says that it is licensed and regulated by local authority CySEC. While checking with CySEC we can say that this broker is really regulated by CySEC and has permission to operate in the EU markets and also other regulated markets.
The trading platform provided by the broker is self-designed and not the MetaTrader. It features more than 25 indexes and 100 stocks. Commodities provided are limited to oil and natural gases. The broker offers a single kind of trading which is unattractive.
From the data gathered we can say that it also provides a cashless free demo account to check live trading conditions. The minimum deposit required to start trading is $100 and can be acceptable. The deposit and withdrawal options provided are several from bank, card, e-wallets. Both the above processes are commission-free and can be processed with 24 hours. The broker has capped a minimum withdrawal amount at $50. The broker tried to offer trading bonuses previously but now according to the EU regulations they have stopped giving bonuses. It offers customer support in many languages and from platforms like live chats, telephone, and emails. To educate new traders it offers a trading education system that can be availed online.
Is 365Trading scam or legit?
From the above discussion, we can say that the broker is legitimate and has proper licensing. But the fact of being offshore is of concern. We advise traders to use their own wisdom and experience while doing business with offshore brokers like 365Traders.