360WorldBtc Review - is it scam or safe?

Item: 360WorldBtc
Rating: 1 / 5
Author: Forexbrokerz

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

RATING: 1 / 1 REVIEWS

360WorldBtc is an offshore broker. Your money is not safe.

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360WorldBtc is presented as an award wining forex and CFD broker, offering over 250 trading instruments with a choice of four account types, leverage as high as 1:200 and the MetaTrader4 platform.

Account type	Min. deposit	Max. leverage	Spreads/ Payout
Standard Account	$250	1:200	2,4 pips
Classic Account	$2500	1:200	2,4 pips
Premium Account	$20 000	1:200	0,6 pips
Gold Account	$50 000	1:200	0,6 pips

And while they say to be headquartered in Zurich, Switzerland, to run offices in the United Kingdom and Bahrain and to be regulated both by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), non of that turned out to be true.

In fact not only the broker is not regulated by the above mentioned authorities, but also they are blacklisted as probable scammers by CONSOB – the financial regulator in Italy. If you are still considering whether to deposit any funds with 360WorldBtc better read the following review.

360WorldBtc Advantages:

Because we always start our reviews with any possible advantages a broker might offer its clients, here with 360WorldBtc this could be the trading platform, available to download on their website.

MetaTrader4 supported

MetaTrader4 is a highly reliable platform, well known to most experienced traders. It comes with an excellent pack of advanced charting tools, over 50 integrated market indicators and customizable trading robots with the help of which one can easily run automated trading sessions. So here you may check as well our list of brokers, where you can trade on the MetaTrader4:

>>MT4 Brokers<<

Bear in mind however, that in this case the trading platform is provided by a third party - Inter Media Ltd., and this is not a standard practice.

Acceptable minimum deposit requirement

You can open a standard account at 360WorldBtc with 250 USD and this is in line with what most other brokers would also require. Still bear in mind that with some big and well known brokers like FBS and IG you will be able to start trading with just 5 USD or even less.

360WorldBtc Disadvantages:

Falsely claims to be regulated by FCA and CySEC, blacklisted by CONSOB

360WorldBtc is owned and operated by Game Capital Ads Limited, which claims to be based in Zurich, Switzerland (we can not confirm this), to have branches in the UK and Bahrain and to be regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

As we already noted, however, not only 360WorldBtc and Game Capital Ads Limited are nowhere to be found in the FCA and CySEC registers (we diligently checked that), but also, both the company and the broker appear in the latest warnings list of the Italian financial regulator – CONSOB, for targeting EU customers without proper authorization and possibly running a scam. See for yourself:

Once again in such cases, our best advise is to trade only with reliable brokers, licensed and authorized by well respected institutions like the FCA in and CySEC. What is more, with a FCA broker your funds will even be covered by a client compensation scheme, that will guarantee the first 85 000 GBP in your trading account even in the unlikely case your broker files for bankruptcy. So here you may also check our list of brokers, regulated in the UK:

>>FCA Regulated Forex Brokers<<

Trading bonuses

All trading bonuses invariably come with strings attached – some minimum trade volume requirement, which scammers generally uses as a pretext to cancel your withdraw requests. It is not a surprise that such promotions are altogether banned on regulated markets like the European Union.

Fake awards

On its homepage 360WorldBtc displays a series of awards, but all of them proved to be fake. See for yourself:

High spreads

As tested with a demo account the benchmark EURUSD spread floated about 2 pips, which is at least half a pip higher than the levels traders would usually consider attractive. Still, here you may check our list of brokers, offering tighter spreads:

>> Lowest spread forex brokers<<

Skrill not accepted as payment method

360WorldBtc seems to accept payments with credit and debit cards like VISA and MasterCard, VLoad and bitcoins. Skrill however is not in the list and that is worth our attention, because of the new anti scam policy adopted by the money transfer company about a year ago. According it Skrill partners only with legit and properly regulated brokers, and as we already established 360WorldBtc is not regulated and most probably is involved in scam. Beside, here you may check our list of brokers accepting payments with Skrill:

>>Brokers accepting Skrill<<

Conclusion:

360WorldBtc is an obvious scam. They falsely claim to be regulated by the FCA in the UK and CySEC in Cyprus and they appear in the warnings list of CONSOB in Italy. So once again, our general advise is – stay away form unregulated websites like 360WorldBtc and trade only with properly licensed companies.

Latest news about 360WorldBtc

No news about 360WorldBtc. Check back later.

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
	Forex.com is a large broker listed on the New York Stock Exchange. We like it not only because it’s regulated in the U.S., Japan, Australia, Canada and Hong Kong but also because it offers very good spreads and superior execution.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	UK	FCA	MT4, Web, ForexTrader, Tradable	$50	Review Website
	Australia, Cyprus	ASIC, CySEC	MT4, MT5, Iress	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	UK	FCA	MT5	$5	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website

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