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360bullfxtrading Review - is it scam or safe?

360bullfxtrading review - Is 360bullfxtrading.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz 360bullfxtrading
360bullfxtrading is not regulated. We cannot guarantee your money is safe.

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360bullfxtrading is a binary options broker that says to offer over 100 tradable instruments, crypto coins including, with a good payout and a web based platform. And they even say to be regulated by an independent organization called  International Financial Market Relations Regulation Center, based in Russia. 

 

Account type Min. deposit Max. leverage Spreads/ Payout
Standard Account $2000

n/a

n/a

 

Unfortunately 360bullfxtrading proved to be yet another reincarnation of Pocket Option - a notorious scam, well known to us, about which there are a series of complaints. So basically, if you are still considering whether to deposit your cash with 360bullfxtrading, better read the following paragraphs first.

 

360bullfxtrading Advantages:

 

This section is dedicated to any possible advantages a broker might offer its customers and because 360bullfxtrading claims to be offering good payouts, here we may also suggest that you check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

360bullfxtrading Disadvantages:

 

Unregulated website, linked to Pocket Option – a known scam

 

360bullfxtrading is owned by Gembell Limited – a company based on the Marshall Islands, but all payments are processed by Tifiya Group s.r.o., which is said to represent Gembell Limited in the European Union, and based on its abbreviation is incorporated either in the Czech Republic or Slovakia.

 

And the same two companies were behind another scam website - Pocket Option, which was launched in 2018, and about which there are a number of complaints. You can check the comments in the back of the Pocket Option review and you can see the Pocket Option Client Agreement on the 360bullfxtrading homepage:

 

 

Needless to say, but neither the web sites in question - 360bullfxtrading and  Pocket Option, nor  Gembell Limited and Tifiya Group s.r.o. are licensed to offer any kind of financial services on regulated markets like the EU for example.

 

It is true that 360bullfxtrading claims to be regulated by the International Financial Market Relations Regulation Center (FMRRC), but this is not an official regulator such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).  

 

FMRRC is just an anonymous website, used by scam brokers to mislead investors. Actually our research shows that FMRRC is run from Russia, but that by no means makes things more credible.

 

So once again, when you chose a broker make sure it is regulated by an official financial watchdog, such as the FCA in the UK, CySEC in Cyprus and ASIC in Australia. 

 

And because  FCA brokers come with the additional protection of a client compensation fund, covering up to 85 000 GBP of your trading capital, here you may check as well our list of brokers regulated in the UK:

 

>>FCA Regulated Forex Brokers<< 

 

Absurdly high minimum deposit requirement 

 

From their presentation we understand that 360bullfxtrading requires a minimum deposit of no less than 2000 USD and this is absurdly high, having in mind that with most brokers you will be able to start trading with about 250 USD and with some well known players like FBS and IG you can open a trading account with just 5USD.

 

 

MetaTrader4 not supported 

 

360bullfxtrading offers some lousy looking, unproven trading platform, which lacks many of the standard features readily available with classic trading solutions like the MetaTrader4. You can see the 360bullfxtrading trading platform here:

 

 

With a MetaTrader4 on the other hand you will be able to run algorithmic trading sessions with the help of specially designed trading robots and customizable,integrated market indicators. And MT4 also comes with a fine set of advanced charting tools, so here you may also check our list of brokers, supporting the platform:

 

>>MT4 Brokers<<

 

Conclusion: 

 

As we noted 360bullfxtrading is a reincarnation of an old scam – Pocket Option. And our best advise is to stay away from unregulated websites like  360bullfxtrading in general, and to trade only with proven and properly regulated brokers, as this is the only way to ensure the safety of your cash.

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Traders` reviews for 360bullfxtrading

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