When looking to trade in binary options, you’re likely to come across a variety of online brokers offering their services. One such broker is 365BinaryOption. They have been in the industry since 2014 and recently changed their name to 365-FX. This online forex trading platform is owned, as well as operated, by Fintech Software Inc. This is through Oproserv Limited.
Their office is situated at the Trust Company Complex located along Ajeltake Road, Majuru, in the Marshall Islands MH96960. While on their platform, new users do not have access to a 365BinaryOption demo account.
This would have enabled them to have an idea of how the platform looks and works before they begin trading. However, they do have educational resources to help beginners learn the ropes. These include both videos and online course eBooks. This online forex platform deals in trading commodities, indices, stocks and currencies. The site does not accept US traders and is currently available in two languages. These are English and Chinese. Customer support is available through phone, email and live chat. Keep reading this 365BinaryOption Review to find out whether, or not, you should visit the site to trade.
Find the best trading platform. You capital is at risk when trading. Be careful.
Is 365BinaryOption A scam? Is 365BinaryOption regulated?
This platform has four client tier levels. Each level has access to a broker who can assist whenever you’d like more personalized assistance than the support channels can offer. Apart from that, the site offers its users a variety of investment sizes ranging from as low as $10 to as high as $10,000, depending on your preference. There is also an economic calendar which helps clients to plan out their trades
. That being said, while indulging in online Forex trading, it’s important to ascertain whether the 365BinaryOption scam rumors are true. The ASIC (Australian Securities and Investments Commission) issued a potential scam warning to traders concerning Oproserv Limited. Much as they use the TechFinancials platform, which is user-friendly and efficient, 365BinaryOption is not a regulated site.
This makes trading on the platform a huge financial risk. Comments from different users of the platform echo this same sentiment. Most traders are welcomed onto the platform with an amazing bonus offer and trading advice. However, when it comes to withdrawals, the narrative changes as the process is lengthy. Clients find that their money gets tied up to the bonus offers awaiting the turnover to be met. There are also a number of instances where clients do not get their earned money back at all.
Alternatives to 365BinaryOption
Investing your money with different brokers is always advisable. This is due to the fact that different brokers work with different options. This, in turn, gives you more choices when it comes to where you can put your money. If you’re not comfortable with trying out 365BinaryOption, investors can look at other CFD Brokers. Here, you will not only be allowed to invest. If you’re interested, you are also afforded the opportunity to handle the trading on your own. Another alternative is looking at an eToro review to see the variety of options available on their platform. These will allow you to diversify your stocks portfolio.