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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.
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.
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.
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.
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.
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.
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.
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.
As of now, there are no notable awards or recognitions attributed to 365 FX Markets, which is common for unregulated brokers.
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.
The broker does not appear to offer direct stock trading options. Instead, it focuses primarily on forex and CFDs.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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