365Markets (365markets.com) is an unregulated broker who offers Forex and binary options services. This brokerage is situated in Bulgaria and features a wide range of trading instruments and pairs. There has been a lot of confusion around this broker and not to mention the amount of complaints against them on the internet.
When we took thorough look at their platform and the way they operate, it was indeed a little concerning. Read our unbiased review which will help you determine whether this broker suits your need or not.
Company and Support
In general we advice all our traders to hold an account with regulated brokers only because there is a lot of scams perpetrated around the financial markets and the best way to avoid them is by interacting with regulated companies.
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365Markets Limited is incorporated in Bulgaria but when we carried out a background check on them, there wasn’t any information about them in the database of Bulgarian. Financial Supervision commission which means they are unregulated keep in mind the fact that not every unregulated broker is a scam but most of them are.
If you have any queries or run into any problem on this platform the support team can be reached via telephone and email.
Phone – +35924373580
Email – support@365markets.com
Address – R A Hadzhi Dinitar bl, 113, sofia 1510, Bulgaria
Charting and Leverage
The Charting on this platform is very basic and lacks may tools which comes standard in many platform. Apart from changing the layout of the chart, there isn’t anything much you can do. If you are going to open an account with this broker then you definitely need a 3rd party charting solution.
It would have been better if they had their own dedicated application instead of being a completely web based system. The traders can choose the amount of leverage but remember leverage can work for you or against you.
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So, it is better to stick with low amount of leverage, If you are a beginner, as you become experienced and have total awareness of what you are doing then you can increase it. Leverage amount available on this platform are 1:50, 1:100, 1:150, 1:200.
Additional Features
This brokers provide the clients with free access to a lot of educational materials. From the basic meaning of the commonly used terminologies of the market to advanced topics, everything is discussed and relative information is provided.
From a trader’s point of view it is always nice to have knowledge about every type of trading approach, after all learning is a never ending process.
A position size calculator is provided on their website which helps beginner traders to know what amount they are risking and how much a pip is worth depending upon the lot size. Always make sure you have enough balance in your account before opening a trade to avoid getting margin calls or worse, your order will may never get filled because of insufficient amount.
At a single glance the traders can get all the information about the latest happenings in the market and keep track of new, events as all these tools are embedded in the platform itself. During high impact news releases like GDP, NFP announcements, volatility will be huge and spreads increase, so it is good to know all the scheduled events in order to manage your portfolios accordingly.
Testimonials
On the homepage of this website, there are a few testimonials from happy clients but the problem with that is they are all too favorable towards them and there really is no way to verify or trace thee identity of the users which means we do not trust them.
On many popular forums like Trustpilot.com, people have complained about them. Here what the actual users of their service are saying about them:
I was just about to make an investment but fortunately before making a payment I looked at the reviews for 365markets. However, whilst doing this I received a phone call from “someone” (first language not English) from 365markets stating they were my personal advisor. This person then began to ask me some unrelated personal questions and kept asking me to make a deposit of $250. I told him that I had reconsidered what I was doing and was not going to proceed. However, since yesterday I have now had 6 phone calls from different (foreign) people desperate for me to pay the $250. Each time I told the person I was not going to proceed and to not call me, I still had numerous calls. This whole experience has left me feeling as though this is a SCAM. So, my advice would be DO NOT invest anything with 365markets.
Deposit and Withdrawals
The minimum balance required to open an account is $250, the minimum payout depends on the withdrawal method but it is usually around $100 if you use e-wallets. The payment methods this platform supports are VISA, Mastercard, Maestro, Skrill, Webmoney, Qiwi, giropay and wire transfer.
Transaction fees may be applicable on withdrawals, so for exact details about fees contact support team. The time taken for processing withdrawals are not specified.
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Popularity
According to whois.com this domain was registered on 06/08/2013 and it expires on 06/08/2019.
From the details we gathered on alexa.com we know that this website ranks 52,693 in Malaysia which is also where the majority of the traffic to their site is coming from and has a global rank of 4,278,561.
365Markets Review Conclusion
365Markets offers huge number of trading assets and provides leverage of 1:200 which should be enough for most of the traders. They do miss out on providing MT4 program which more than 80% retail traders use. On the flip side this brokers reputation is heavily damaged on the internet and the amount of complaints against them are too many.
After considering all the facts the disadvantages over-weigh the benefits. Our best advice for our readers is to trade using fully regulated and licensed brokers only. Even their spreads are higher then most brokers, so why should you stick with them while you have so many legit choices available.
HI TODAY RECEIVE A EMAIL ABOUT BITCOIN AS SOON HAS I OPEN THE MAIL AND READ IT I DECIDE TO FILL OUT MY DETAIL AND MY PHONE RANG, IT WAS THE BROKER ASKING ME ALOT QUESTION AND EXPLAINING TO ME HOW THE BITCOIN WORK AND HOW TO SET UP MY ACCOUNT UP I DECIDE TO GO AHEAD AND DEPOSIT £250 THEN HE ASK FOR SOME ID LIKE PASSPORT AND BILLS AND TAKE PHOTO AND SEND IT OVER I DID ,SO HOURS LATER I DECIDE TO LOGIN IN TO MY ACCOUNT AND NO LUCK,THAT WHEN I REALIZE IT A SCAM THE COMPANY NAME IS UNITED MARKET CAPITAL
The also do lots of money laundring
They just take money from people and lose it in one day it’s like going to a man on the street with a guy and tell him give me all your money
Louis the aus scambag is responsible to all this
The name of the owner is Louis datata an Australian scammer you can read a lot about him online there are many people looking for him
They are location in israel in trade center called the “bursa” In the city Ramat-Gan in the tower name “moshe aviv “
I heard they stole millions from people 365markets are scam
Send an email with your experiences to the “Financial Supervision Commission” in Sofia telling them what you have experienced, costs you nothing and your money has gone anyway.
The email is given on their website if you go to contact you will see a “Corruption email address” to report your experiences with this company.
I stupidly trusted the advice I got from their ‘ broker’s and have been scammed out of my savings. It has taken me a few days of suicidal thoughts and disbelief that 365 Markets stole my retirement savings and have put my economic future in jeopardy. Do Not Trust This Company
365markets.com FRAUD ALERT!!! FRAUD ALERT!!! FRAUD ALERT!!! FRAUD ALERT!!! FRAUD ALERT!!! FRAUD ALERT!!! FRAUD ALERT!!! FRAUD ALERT!! FRAUD ALERT!!! FRAUD ALERT!!!
365markets.com DO NOT INVEST!!!!!!
Write to Novinite news in Sofia
Scammers
365 markets are the biggest scam ever
They are located in Israel
34 Habarzel St (Buiding B 4th Floor)
Name of the company is Globe Technologies LTD ,the owner is criminal name Louis Guy Detata,
If you want your money back you will need to contact the bank and show them that you have been scammed (by the way they used to be in the past BINARY TILT a scam binary options company) show this to the bank and they will chargeback and give you a full refund
I hope this will help to destroy this thieves once and for all
Nicole Ross from 365 markets is a big scammer