365Trading is one of those brokers who’ve been around for a long time flying under the radar. They were founded in 2012 and have been operating legitimately the entire time. They are one of the first brokers to get CySEC regulated, license number 181/12. The broker is owned and operated by Fidelisco Capital Markets Limited, headquartered 2 Ayias Elenis Street, Stassinos Building, 2nd Floor, Nicosia, Cyprus.
Are 365Trading A Scam?
This broker is not a scam. They have been operating for years with hardly an issue and are CySEC regulated. They are transparent, they don’t use aggressive marketing tactics and and they don’t get a lot of complaints.
365Trading has not only been flying low under the radar, they’ve been doing it with a great proprietary platform you won’t find anywhere else. They only support one kind of trading, high/low. This is a slight drawback but not a deal-breaker in my opinion.
Expiry is great for day traders and day-to-day traders, starting at 1 minute and going up to 24 hours. One minute, 2 minutes, 5 minutes, 10, 15, 30, 1 hour and then 24 hours. The charts can be viewed in 5 different time frames and 2 styles. Time frames are 5 minute, 30 minute, 1 hour, 3 hour and ALL. The chart styles are candlestick or line charts.
The asset list is good but a little different than what you see in other brokers. They’ve only got about 7 forex pairs, all the well traded pairs. They make up the difference with international indices and stocks.
Of those, there are about 2 dozen indices and at least 100 stock names to choose from. Only 2 commodities though, gold and oil. You can set up your trading desk to trade up to four assets at once, and there is a free no-deposit demo account as well, so you can check the whole thing out before making a deposit.
Deposits And Withdrawals
Depositing is easy but requires account verifications. Because it is a CySEC broker they only allow traders from EU countries and those friendly with EU regulation. This means no US, Canada or New Zealand.
The minimum deposit is only $100 with a minimum trade size of only $1 for perfect trade management. Deposits can be made by wires, credit cards and a number of eWallets for fastest deposits and withdrawals. All withdrawals are free, the minimum is only $50 and guaranteed within 24 hours if made to an eWallet.
They have offered bonuses in the past but with new CySEC and EU regulations concerning bonuses it is best you contact them for any they may be offering now. The new rules disallow any bonuses tied to trading volume but will allow rewards programs and other types of incentives.
There are some complaints for this broker but they date to before they became regulated. They centered on bonus practices, and the inability to get withdrawals. One complaint, which is shows why every broker will get one or two – is from a fellow who got miffed because they asked for his identifying documents. Proving and verifying your account to get a withdrawal is international law. It is one of a handful of processes regulated brokers adhere to, to combat money laundering. Granted some unregulated scam brokers may be out to steal your ID, but this is a CySEC regulated broker.
Since becoming regulated, 365Trading have not generated complaints.