As the online trading industry continues to grow, it has become a breeding ground for scam brokers. One of the brokers that have been raising concerns in the industry is 360fxtrader.net. This broker has been receiving mixed reviews from traders, and there are suspicions of fraudulent activities. In this article, we will provide a comprehensive review of 360fxtrader.net, including their regulatory status, trading conditions, customer support, and what traders think about them.
Overview
360fxtrader.net is an online trading platform that offers forex, CFDs, and cryptocurrency trading services. The platform offers a range of trading instruments, including currency pairs, commodities, and indices. Here is an overview of the broker’s trading conditions:
Broker name | 360 FX Trader |
Website | https://360fxtrader.net |
Regulation | Not regulated |
License | Not licensed |
Traders’ review | Negative |
Is 360fxtrader.net Regulated?
Warnings from Financial Regulations
The lack of regulation from a reputable financial authority has not gone unnoticed. The financial regulators in the UK and Cyprus have issued warnings to the public against 360fxtrader.net. The UK’s Financial Conduct Authority (FCA) has flagged the broker as a potential scam, while the Cyprus Securities and Exchange Commission (CySEC) has issued a warning to the public that the broker is not authorized to provide investment services in the country.Is 360fxtrader.net Can Be Trusted?
Given the broker’s unregulated status and the warnings from financial regulators, it is hard to trust 360fxtrader.net. The lack of oversight and accountability means that traders are at risk of losing their funds. Furthermore, the broker’s website lacks transparency, and it is unclear who the owners are or where the company is based. It is always advisable to choose a regulated broker with a transparent website and a good reputation.
What Kind of Currency Pair Do They Offer?
They offer Forex pairs, crypto exchanges, indexes, stocks, energy, and commodities. But there are no details about these. You have to sign up to know all the details.
Customer Support
360fxtrader.net offers customer support through email, phone, and live chat. The broker claims to have a 24/7 customer support team, which is a positive aspect of their service. However, some traders have reported poor customer support, with delayed responses and unhelpful agents.
Trading Method (MT4/MT5/Any other method)
360fxtrader.net offers the popular MetaTrader 5 (MT5) and web trading platforms. But we were unable to see the demo as it requires signup.
What Do Traders Think About 360fxtrader.net?
Traders’ opinions of 360fxtrader.net are mixed. Some traders have reported positive experiences, citing the broker’s low spreads and fast execution. However, many traders have reported issues with the broker, including delayed withdrawals, unresponsive customer support, and hidden fees. Furthermore, the warnings issued by financial regulators raise serious concerns about the broker’s legitimacy.
What To Do If You Get Scammed?
If you suspect that you have been scammed by 360fxtrader.net or any other broker, you can submit your report to us. We will help you by providing a free consultation and recovery service recommendations to help you in recovering the lost fund.
If you have been scammed and lost money by a company like daytradingwalletss, HOPEXACC, or cinccap, please report it today using the form below.
File A Complaint & Get Free Consultation
Final Thoughts
360fxtrader.net is an unregulated broker that raises serious concerns about its legitimacy. The warnings issued by financial regulators, combined with the mixed reviews from traders, make it difficult to trust this broker. We recommend that traders avoid 360fxtrader.net and choose a regulated broker with a good reputation. Remember, the safety of your funds should always be a top priority when choosing a forex broker.
