365 FX MARKETS Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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To my surprise, 365 FX MARKETS actually provides negative balance protection! This is a very useful feature for Forex traders. Of course, I don't think most of us will use it most of the time, but when we do, it's a huge help in protecting our money. I think this company is great and I want to try it out.
Summary: The overall evaluation of 365 FX Markets is predominantly negative, with numerous red flags regarding its legitimacy and regulatory status. Key concerns include its unregulated nature and mixed user experiences, with some traders reporting issues with withdrawals and potential spread manipulation.
Note: It is crucial to highlight that 365 FX Markets operates under different entities across regions, which raises additional concerns regarding accountability and transparency. The information presented in this review is based on various sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings.
Founded in 2018, 365 FX Markets is operated by Fintech Software Inc., which claims to specialize in various financial domains, including forex trading, commodities, and derivatives. The broker is based in Saint Vincent and the Grenadines, a jurisdiction known for its lenient regulatory framework. As such, 365 FX Markets operates without valid regulation, raising significant concerns about the safety and security of client funds. The broker claims to provide access to popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering a variety of trading instruments, including forex, indices, metals, and CFDs.
365 FX Markets is unregulated, which is a major red flag for potential investors. The lack of oversight means that the broker is not held accountable to any financial authority, leaving investors at risk. The broker operates out of Saint Vincent and the Grenadines, a region notorious for its lack of stringent regulatory requirements. According to multiple sources, this absence of regulation significantly undermines the broker's credibility and transparency (source).
The minimum deposit requirement for 365 FX Markets is relatively low, starting at $100 for a beginner account. However, users have reported lengthy withdrawal processes, with some claiming it can take up to 40 business days to receive their funds. This has led to frustrations among traders, particularly those attempting to withdraw their earnings (source). Additionally, there are reports of withdrawal fees and complications that further complicate the process, raising concerns about the broker's reliability (source).
365 FX Markets advertises competitive spreads, starting from as low as 0.5 pips for premium accounts. However, several users have raised concerns about potential spread manipulation, indicating that the actual trading costs may be higher than advertised. Furthermore, the broker does not charge commissions on trades, which is a common practice among many brokers (source).
The broker claims to offer both MetaTrader 4 and MetaTrader 5 platforms for trading. However, there are reports that the links provided for downloading these platforms do not function, leading to skepticism about the broker's ability to deliver on its promises (source). This raises questions about the overall trading experience and whether traders can rely on the platforms for their trading activities.
Customer support for 365 FX Markets is reportedly available 24/5, but user experiences have been mixed. Some traders have expressed dissatisfaction with the responsiveness and effectiveness of customer service, citing delays and lack of resolution for their inquiries (source). This lack of reliable support can be particularly concerning for traders who may need assistance during critical trading periods.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
In conclusion, the 365 FX Markets review indicates that potential investors should exercise extreme caution when considering this broker. The combination of unregulated status, mixed user experiences, and potential issues with customer service and withdrawals suggests that it may not be a safe environment for trading. It is advisable to explore regulated and reputable alternatives to safeguard your investments.
