Reason to avoid: Offshore license
Listed Date: August 15, 2018
Top 3 Regulated Forex Brokers
- Company name: Fintech Software
- Registration/license: Marshall Islands
- Registration/license requirement: USD 2,000
365-FX is a Forex broker owned and operated by Fintech Software, Inc. having its registered office at Trust Company Complex, Ajeltake Road, Majuru, The Marshall Islands. The Marshall Islands is an offshore destination where usually brokerage services are not regulated. There is another company mentioned on the website – Oproserv Limited. According to the info it is a private company registered under the laws of the United Kingdom, although the none of these firms are registered in UK or any other country and they are not allowed to provide their services. 365-FX has also been recently blacklisted by the UK’s FCA. We recommend to avoid trading with unregulated brokers as there is a high risk for the investors to lose their money. It is safer to choose among the trustworthy regulatory agencies, such as FCA in UK and ASIC in Australia. Check the lists of the FCA-regulated and ASIC-regulated Forex brokers here.