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365 FX MARKETS Company

  

365 FX Markets Company: An In-Depth Overview

  

Company Overview

  

Founding Date and Background

  365 FX Markets is a forex and CFD broker that has been operating for approximately 2 to 5 years. It is often described as an unregulated broker, which raises concerns among potential investors regarding its operational transparency and accountability.

  

Parent Company/Ownership Structure

  The broker claims to be operated by 365cryptogo Ltd, which is registered in the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, there is skepticism regarding the validity of this registration, as searches reveal discrepancies in the registration details.

  

Headquarters Location

  365 FX Markets is headquartered in Saint Vincent and the Grenadines, a jurisdiction known for its loose regulatory framework, making it a popular choice for many offshore brokers.

  

Global Business Scope

  The company offers its services primarily to international clients, with a focus on forex and CFD trading. However, the lack of regulatory oversight makes it a risky choice for traders seeking a secure trading environment.

  

Main Regulatory Bodies

  Despite claiming registration with the FSA of Saint Vincent and the Grenadines, 365 FX Markets operates without valid regulatory oversight from any major financial authority. This absence of regulation is a significant red flag for potential investors.

  

Company History and Development

  

Key Milestones

  • Establishment: 365 FX Markets was founded within the last 5 years, entering a competitive market.
  • Regulatory Claims: The broker has made claims about its regulatory status, but these have been challenged by various reviews and investigations.

  

Business Expansion Journey

  The broker has sought to expand its offerings by providing a range of trading instruments, including forex, indices, metals, and CFDs. However, the actual business growth has been hindered by the negative perception due to its unregulated status.

  

Customer Base Growth

  While the broker has attracted a customer base, the mixed reviews and warnings about its regulatory status may have limited its growth potential. Traders are increasingly cautious about engaging with unregulated platforms.

  

Platform Development History

  365 FX Markets offers trading through popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). However, there are concerns regarding the authenticity and reliability of the software provided.

  

Important Awards or Recognitions Received

  As of now, there are no notable awards or recognitions attributed to 365 FX Markets, which is common for unregulated brokers.

  

Trading Services Offered

  

Forex Trading Options

  365 FX Markets provides a selection of forex trading options, offering various currency pairs including major pairs such as EUR/USD, GBP/USD, and USD/JPY. The total number of currency pairs available is not specified, but it generally includes a range of major, minor, and exotic pairs.

  

Stock Trading Options

  The broker does not appear to offer direct stock trading options. Instead, it focuses primarily on forex and CFDs.

  

CFD Trading Products

  365 FX Markets offers a variety of CFD products, allowing traders to speculate on price movements without owning the underlying assets. This includes CFDs on indices and commodities.

  

Other Financial Instruments

  In addition to forex and CFDs, 365 FX Markets also provides trading opportunities in precious metals like gold and silver, which are often viewed as safe-haven assets.

  

Special Services or Unique Advantages

  The broker claims to offer high leverage options (up to 1:1000), low spreads starting from 0.5 pips, and features like negative balance protection. However, these advantages come with significant risks due to the lack of regulation.

  

  

Detailed Regulatory Information

  365 FX Markets operates without valid regulation from any recognized financial authority. Claims of registration with the FSA of Saint Vincent and the Grenadines have been disputed, raising concerns about its legitimacy.

  

  The broker is registered in Saint Vincent and the Grenadines, a jurisdiction known for its lenient regulatory environment. This structure allows it to operate with minimal oversight, which is a major concern for potential investors.

  

Client Fund Protection Measures

  There are no guarantees regarding the protection of client funds, as the broker does not maintain segregated accounts or adhere to regulatory standards that would typically ensure fund safety.

  

Countries/Regions Served

  365 FX Markets primarily serves international clients, with no specific restrictions mentioned on the regions it operates in. However, the lack of regulation may deter traders from certain jurisdictions.

  

Compliance History

  The compliance history of 365 FX Markets is questionable due to its unregulated status. There are numerous warnings from financial authorities regarding the legitimacy of such offshore brokers.

  

Competitive Landscape

  

3-5 Main Competitors

  • FXTM: A well-regulated broker offering a wide range of trading instruments and educational resources.
  • XM: Known for its competitive spreads and robust trading platforms, XM is a regulated broker that provides a secure trading environment.
  • IC Markets: Offers low spreads and high leverage, with a strong regulatory framework ensuring client protection.
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    Positioning in the Industry

      365 FX Markets positions itself as a low-cost trading option with high leverage, appealing to traders looking for potentially high returns. However, its lack of regulation significantly undermines its credibility.

      

    Market Differentiation Factors

      The main differentiation factors for 365 FX Markets include its high leverage options and low spreads. However, these advantages are overshadowed by the risks associated with trading on an unregulated platform.

      

    Conclusion

      In summary, 365 FX Markets operates as an unregulated broker based in Saint Vincent and the Grenadines, offering a range of trading services primarily in forex and CFDs. While it markets itself with competitive features, the absence of regulatory oversight raises significant concerns about the safety and security of client funds. Potential investors are advised to exercise caution and consider the risks associated with trading on such platforms.

      For those interested in exploring more about forex trading or seeking regulated alternatives, it is recommended to conduct thorough research and choose brokers with strong regulatory backing.

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