365Trading Review 2024 – Is it A Scam?

365Trading Review 2024 – Is it A Scam? title=

This Trading Platform is available in Ukraine

1.6/5

365 Trading lets you trade binary options quickly and easily. The platform responds to user feedback and uses that feedback to continually improve their platform. Users enjoy the different tools available on the platform, such as the unique charting tool, and customers can switch between line graphs and candlesticks. The broker also has a robot for the latest news. It's a great choice for beginners, as it has training videos. The platform is in English, Norwegian, Swedish, Danish, and German.

Min. deposit
$100
Website address
Demo account
Yes
Currency
EURGBPUSD
Supported languages
DutEngFreGerItaSpa
Active
Yes
Payment Methods
Bank WireCredit/Debit cardsNetellerPayPalSkrill
Pros
  • This broker offers up to 85% in returns
  • Educational materials are available for novice traders
  • Offers an unlimited maximum bonus.
Cons
  • The required minimum deposit is relatively high at $100.
Awards
None
Bonus
No
Instruments
CommoditiesCryptoForexIndicesStocks
Min. trade price
$1
Regulated By
CySEC
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
Yes, for iOS and Android
Margin Trading
Yes
Volatility Index
No
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
Yes
Auto Trading
No
Social Trading
No
Copy Trading
No
Trade Signals
No
Islamic Account
No
Inactivity Fee
Yes, after 90 days
Guaranteed Stop Loss
No
Stock Exchanges
Major global stock exchanges
Commodities
Gold, Silver, Oil
Forex Trading
Yes
Forex GBPUSD Spread
2 pips
Forex EURUSD Spread
1.5 pips
Forex EURGBP Spread
2.5 pips
Forex Assets
50+
Crypto Spread
Varies
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BTC, ETH, LTC, XRP
Binary Options
No
Payout Percent
N/A
Expiry Times
N/A
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

* General Risk Warning: Your capital might be at risk

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The Trustpilot rating is 1.6,
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4.5 Stars
brian
brian
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gb
hi this is one big scam stay well away from them and do not engage with them david cohan eddie tompson, and peter ,they are con men , they need locking up for a long time . they are not regulated i have lost all my savings to them they are not a proper trading company and you can not withdraw you money do not listen to there lies and STAY AWAY , PLEASE , falcon 365 just one big scam

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Content

365Trading is an online brokerage platform founded in 2012 and regulated by the Securities Commission of the Bahamas and SIA-F216. 365Trading has offices all over the world, including London.

365Trading has a high-reliability level based on clients’ and customers’ testimonies, making it one of the best brokers around. I definitely would recommend 365Trading to both beginner and advanced traders not just for the quality of its brokerage services, but certain features like the great customer support.

Regardless, it is crucial to evaluate any broker you’re considering and understand whether it meets the satisfaction score. Let’s dive into the details so you can determine if 365Trading is worth your sign-up.

Advantages and Disadvantages

Advantages 

  • 365Trading supports single currency spread trading, which eliminates conversion fees that would have been accrued by swapping foreign currency for base currency.
  • 365Trading partnered with Al Brooks, a renowned technical analyst, in providing exclusive trading materials for its beginner and pro traders showing the depth of users’ information from its educational center.
  • The customer support/ service is top-notch; as a user, you have very little to worry about in this regard.
  • Well-designed and friendly user interface. It makes the platform ways to use and navigate.

Disadvantages 

  • The broker is regulated by just two regulatory authorities, which isn’t enough indication of the platform’s reliability.
  • The platform only supports two trading terminals CloudTrade and MetaTrader 4. There’s no support for social/copy trading platforms.

Further reading

Why Should I Opt for 365Trading?

Since its inception in 2012, 365Trading has been one of the leading binary options brokers at the forefront of the market. The platform is owned by Old Dutch Trading, which directly manages the system.

Security and Safety

A brokerage firm’s level of safety and security is a crucial consideration for potential clients. Safety covers every detail, from regulatory compliance to the privacy of the user’s personal information and funds protection. There isn’t any indication of cheating or scam activity from the broker.

Regarding regulatory compliance, the firm is licensed by recognized authorities. This means users don’t need to worry about the risk of losing their funds or having those personally submitted to 365Trading leaked or shared with inappropriate parties.

Some of the diligent authorities that regulate and oversee certain activities by the firm under the law are the Securities Commission of the Bahamas and SIA-F216.

security-and-safety

With regard to funds protection, 365Trading has developed an incredible system that handles clients’ funds in a way that is transparent. According to available details, the broker claims to hold all clients’ funds in Barclays Bank in London, a United Kingdom-authorized deposit-taking institution.

In addition, there’s a system in place to help handle customers’ profit-making and losses during trading. In summary, 365Trading explains the movement of funds out of a client’s account is done to handle withdrawals and pay the net losses of the client. All these prove the firm is unauthorized.

365Trading claims to write off clients’ negative balances; that is, when a loss on a client’s position exceeds their relevant cash deposit. Client information is private and only disclosed based on the client’s consent and to no third-party unrelated to the broker.

security-and-safety-1

Trading Conditions

The process of trading on this platform is straightforward. Not only that, there are interesting features that make 365Trading stand out clearly: Single Currency Spread Trading.

This system removes all conversion fees from foreign currency to base currency, stops the conversion fees that would have been incurred when swapping between currencies when trading different instrument types, and keeps a stress-free money management system with no need of calculating scenarios in various currencies.

The current base currency available on the site are:

  • US Dollars
  • British Pounds
  • Euro
  • Australian Dollars
  • Danish Krone
  • Swedish Krone
  • Norwegian Krone

Some other trading conditions include the following:

  • Minimum deposit – $100
  • Minimum transaction amount – starting from any amount
  • Maximum transaction amount – no limit
  • Bonus – 100%
  • Yield – up to 85%
  • Applications – Mobile, tablets
  • Assets – commodities, stocks, indices, currencies, and cryptocurrency.
  • Applications – Mobile, tablets.
  • Leverage: 200:1

Tradable Assets

As a senior broker, 365Trading provides more than 50 types of underlying instruments under various trading assets, which sets it apart from other platforms — most binary options brokers offer only five types of trading assets — 365Trading deals in the Futures market, where traders can choose any asset from a proposed list. 365Trading focuses on five major financial assets.

Indices, stocks, forex, commodities, and cryptocurrencies. There are also a lot of instrument types to take real-time trades. There are several automation tools you can consider when trading assets; the tools at your disposal depend on the platform types.

Tradable assets

The transaction yield is up to 85%, which is remarkable. This, of course, hinges on the type of selected asset, as well as the expiration time of the option. The percent bonus is given in 100% of the deposit amount. Not just that, but there is guaranteed pricing transparency.

In summary, 365Trading solely concentrates on spread trading, which has different benefits, such as access to a leveraged product that allows a forex trader to take advantage of the full value of an asset by only providing a small percentage of the total value as a deposit.

Also, traders can profit from the movement of the market either way; if it goes up, traders long; if it goes down, traders short, giving them more potential to earn. The number of trading assets available is in high demand, making them suitable for any trader.

Further reading

tradable-assets-1

Training And Resources

Providing training and educational materials and resources for users has been a big part of many brokerages in recent times, which has yielded great results.

365Trading focuses on users’ education by providing resources and training sessions for beginners and pros to help them grow and take advantage of the market volatility and the wide range of financial services. 365Trading partnered with Al Brooks, a successful technical analyst and independent trader, to provide users exclusive binary options trading resources.

training-and-resources

The courses are split into two parts: Beginner Course and Advanced Course. The former is accessible to users after opening an account with the broker; this is available for the first 30 days without funding, giving users study time before trading.

The Advanced Course will be available once users fund their accounts. It covers everything from technical analysis to fundamental analysis.

The Beginner course is very interactive and is made of 27 units of course content, and has a duration of 390 minutes. The Advanced Course, on the other hand, comprises 29 units and 1,200 minutes of watch time; advanced traders will love these simple but informative courses.

In addition, there is a Demo trading account for traders to practice with. One aspect to note is that it isn’t certain if strategies such as the Fibonacci strategy or head and shoulder patterns are taught in these courses. I can guarantee that when you go through the instructional material, you’ll pick up a couple of lessons.

training-and-resources-1

The benefits of the educational center is an increased level of trust in 365Trading and a high retention rate of customers/clients who perceive the brand as being very invested in their growth as a trader.

Market analysts and modern traders see a robust user training scheme as a good sign of a committed broker. Other brokers like E*trade has taken the cue and invested heavily into user training. In addition to this, I recommend taking advantage of the site’s economic calendar and market news.

Further reading

Trading Platform

365Trading has a proprietary trading platform that gives users complete control and better accessibility over their trade. The trading platform, called CloudTrade, currently supports the single-currency trading account and fixed spread.

Another spectacular feature of the binary options trading platform is the well-designed interface and thoughtful flow put into delivering an excellent user experience.

365Trading also supports MetaTrader 4 (MT4), giving users more choices and flexibility to select what platform functions better for them. There’s no support for a copy trading platform currently, and it doesn’t seem to be in the company’s roadmap.

Both platforms are available on all types of internet-enabled devices: smartphones, tablets, PC, laptops, etc. The binary options trading sites provide all the details you need to know.

trading-platform

Further reading

Withdrawal And Deposit

Funding is 365Trading account is straightforward and uncomplicated. The deposit can be made in three ways: through a bank transfer, credit cards, and debit cards. You can also use a bank wire transfer withdrawal option with no minimum.

When funding an account, there are instructions to follow, making the process seamless and fast. There are no minimum or maximum investment deposit amounts.

The platform currently supports a vast array of payment methods: Visa, Mastercard, American Express, Neteller, Paypal, Ideal, Bancontact-Mr Cash, Bank wire transfer, Sofort, and Trustly.

Further reading

Customer Support

365Trading is wholly invested in great client service, as is expected for brokerage companies. An experienced specialist will always provide services in several languages in 24/7 mode via chat, e-mail, or phone. There is no closing time for this broker. ExpertOption is customer support is available 24/7.

customer-support-365trading

On the site, you’ll find a message icon that directly links you to their customer support. There are two primary channels to start a conversation: email or an on-site chat.

Email is the best option if you have a few hours to spare. However, the chat option allows you to start a conversation on the site and promises to direct you to someone on the team. On trying it and inputting the query “What’s the fastest way to deposit,” it took just about 3 minutes to get a response — which is very fast, as promised.  

If you’re curious about the reply, well, the team member Jessie, who responded, said, “We do offer credit/debit cards, Skill, cryptocurrency, and wire transfer.”

Jessie went further, indicating other means of depositing and the constraint saying, Credit/Debit cards may ‘is’ [be] the fastest method to make a deposit.” 

customer-support-365trading-1

A follow-up email about wanting to help if I ever faced any issues came up a little over five minutes after ending the live chat.

This is one of the smoothest interactions you can have with a broker. Although I didn’t try the email method, you can rest assured the broker passes the customer support check regarding speed. Customer reviews online also back these claims.

Further reading

More About 365Trading

365Trading has been the choice for many brokers due to its excellent service provision and easy-to-use and interactive user interface.

Currently, the firm has several offices, including one in the Bahamas and another in London.  It always has great customer service and is reachable via an official mobile line or email. As you’ll expect, there is a mobile trading platform for users who find that convenient.

Beyond this, there are five core reasons the website promotes why it’s the best binary options trading platform of choice for many traders — whether beginner or pro — as it provides the important requirement for spread trading:

1. An easy-to-use, intuitive, online and advanced trading platform.

2. Low-cost trading, tight fixed spreads, and no hidden extra fees.

3. Excellent leverage.

4. Negative Balance Protection.

5.  A great range of markets and products to trade.

You can also access trading assets, including financial indices, stocks, forex, commodities, and cryptocurrencies on the broker’s trading site and different financial options.

There is also the CFD (contract for difference), a complex instrument with a high risk of losing money rapidly due to leverage. It is worth noting that 88.1% of retail investor accounts lose money when trading CFDs with 365Trading.

Further reading

more-about-365trading

Further reading

Frequently Asked Questions

Is 365Trading customer service reliable?

This might differ depending on the channel you use to contact customer support and when you reach out. From my experience, the chat option on the website took three minutes before I got a response, which is fast.  

Can I Trust 365Trading?

From all indications, 365Trading is a recommended broker. Recognized online brokers regulate them and have some of the features and additional options you seek in a broker.

How Long Has 365Trading Been Operational?

The broker launched in 2012 and since then has been the go-to choice for thousands of traders. Throughout the last decade, it has built a good reputation.

Is 365Trading a Top Broker?

Based on experience, you can consider 365Trading as one of the good brokers to use. However, it’s important to try out other brokers with a wider range of services.

Is it Safe to trade Binary Options?

Generally, trading the financial market, such as with binary options, requires technical, fundamental, and psychological skills to avoid the risk of severe loss. It’s important to build these skills before delving into trading binary options.

What is the range of trades size for 365Trading?

365Trading offers a trade size starting from $10, while the upper limit for trades is set at $10,000.

Further reading

Final Thoughts

365Trading is a holistic brokerage platform for new and pro tradalways to try out. There’s a complete provision for all traders who need to excel in offering low spreads, requiring no minimum investment deposit, supporting a suite of trading platforms, providing robust training resources, and the customer support feature; it’s clear why 365Trading is a go-to choice for many.

This isn’t investment advice, and you must research before making an investment choice. If you’re searching for additional services or more awesome features, you might find other brokers.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.

Further reading

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