365FX

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Advantages:

Not found

Disadvantages:

Not found

About company:

365-FX is an unregulated CFD and Forex broker.

About company. Fund security

In some sources, we found information that 365-FX used to provide binary options trading under the 365 Binary Option trademark, but switched to Forex due to regular pressure on the binary options sector.

365-FX is owned and operated by Fintech Software Inc, registered offshore in the Marshall Islands. In the legal information, we also found another name for the firm Oproserv Limited, which is based in London. We checked this company with the FCA register and found no information. The companies are not licensed by regulatory bodies. We advise traders to be careful when trading with these brokers. Since, in the event of bankruptcy, unregulated companies often do not return the initial investment and earnings.

365-FX claims to also have offices in New Zealand, Singapore and South Africa.

Trading conditions

365-FX did not take proper care of its clients and did not update the Account Types section on its website, and therefore traders do not know in advance the size of the deposit, leverage and other important information.

One of the few strengths of the company is its diversified product portfolio. Among the assets there are about 30 currency pairs, oil, precious metals and cryptocurrencies. The latter are very popular now, this can undoubtedly be attributed to the advantages of a broker. But if you are interested in cryptocurrencies, then we recommend choosing a licensed and larger broker for trading.

Spreads and commissions

Since anyone, even an unregistered user, can log into the 365-FX trading platform, asset spreads can be seen. So, for the EUR / USD pair, they are fixed at 4 points. This is double what most brokers offer.

Trading platforms

The broker offers its services on a web interface that resembles a binary options platform. The terminal does not have any charting tools and advanced features.

Most traders will undoubtedly prefer MetaTrader4 trading, which needs no introduction. MT4 has proven its reliability over many years of trading.

Education

The 365-FX website has an Education section, which publishes video courses for beginners, ECN traders, social trading, trading tools, CFDs, commodities and futures.

Significant services

Despite the fact that 365-FX teaches social trading, we have not found any information that the broker supports this service.

Support service

Support is available by phone, fax and email. The broker does not offer online chat rooms.

Ways of payment

When withdrawing funds from an account, the broker requires the minimum amount to be 100, however, in what currency is not specified.

All withdrawals are subject to a 3.5% service charge.

Criticism of traders

On the network, there are often traders' reviews that the broker acts in a fraudulent way: it does not withdraw funds from traders. One thing we know for sure is that 365-FX did not care about the comfort of its clients and did not provide full information about the trading conditions.

Pros:

diversified portfolio of assets.

Minuses:

not regulated; high spreads; no MT4; no information on trading conditions.

FAQ - BROKER QUESTIONS 365FX

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Can the broker 365FX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. 365FX received a rating of 1 out of 5 on our resource.