Reason to avoid: No License
Listed Date: October 31, 2018
Top 3 Regulated Forex Brokers
Beware Trade360 is a Non Licensed Broker. It is NOT SAFE to trade.
- Company name:
ST Services LTD. Trade360.
- Registration Address/ License:
Marshall Islands. No License, No Regulation.
Trade360 is an online Foreign Exchange Trading Services provider that promises a superior level of service to retail and institutional customers to sustain long-term relationships. The Trade360 goal claims to provide the customers with the very best trade execution and service in the FX industry, as well with the introduction of the revolutionary concept of CrowdTrading, a unique technologically advanced approach to the trading of Currency Pairs, Commodities, Stocks, CFDs, and Indices.
However, especially after looking at the broker’s reviews on the internet and traders forums it is hard to believe that company. At the beginning of the history, broker locates its office in Cyprus and had authorization from CySEC, while currently moved to a new entity and is no longer regulated.
In addition, the traders’ reviews are mainly suspicious about the trustworthiness of the trading conditions delivers, as the clients faced strong manipulation on a price feeds, as well as trading on behalf of the trader without it legal permission to do so. All that actions considered to be a serious crime against the trader and his investment, and definitely the companies with trading like that should be avoided. Since a non-regulated broker simply does not comply with any international standards, the broker can simply do whatever he wants. For that reason, the best option is to trade with the regulated brokers only, while the broker should have his peace in mind knowing the legal governmental entity constantly overseen the company business.
Besides that, the Trade360 broker charges a sufficiently high spread on top of the quotes received, while it all looks very strange how the offering will attract any client. Therefore, again we would advise to avoid trading with the Trade360 and to choose among the Brokers with a trusted delivery of the Forex or derivatives trading, with social trading facilities.