365trading Review

Rating:

365Trading is an online binary options broker which offers binary options trading to clients. They are owned by Fidelisco Capital Markets Ltd and are regulated by CySEC. They received their license in 2015 even though they were up and running since 2011.

If you are thinking about signing up, read our 365Trading scam review before you register.

365traidng-logo Min. Deposit: $100              Demo: Yes

Platform: 365Trading           Bonus: Yes

Regulation: CySEC               US Clients: No

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

365Trading Customer Service

365Trading Broker

The broker 365Trading offers a number of different ways for you to get in contact with them:

  • Live chat
  • Telephone
  • Email
  • Web form

We liked that 365Trading offered region/country specific numbers which will undoubtedly result in savings for clients in those areas. Savings which they are going to need to be given since in 365Trading opinion that all of their clients should be placed on hold indefinitely rather than having their service agents assist them.

The web forms and email options were also disappointing. While the response time was fair, the actual responses themselves were completely unhelpful. 365Trading’s customer support team obviously needs to be taught not only customer service but about their own company as well. The responses we received were uninformed, to say the least, and had information which was contradictory to what was stated on the 365Trading website.

Given the importance of customer support, we advise 365Trading to retrain their team for the future.

365Trading Accounts

Unfortunately, the 365Trading broker does not offer multiple account options which alienating numerous traders. The only thing we can say is that the minimum deposit for their only account available is not ridiculously high but it is not very low either. It is at a middle area of $100.

On the other hand, the minimum bid you can make is $5 while the maximum bid is $1000 which again but some serious restrictions on your trades. However, the minimum payout ratios per trade are 60% while the maximum is 85%. You can open a demo account to test out this broker’s platform like we did. But, one thing we have noticed with a number of binary options brokers is that while things go well in the demo, they go horribly in the live account.

Now, this could indeed be due to numerous factors but keep in mind that with custom platforms comes total control which many brokers abuse. So we advise you to be aware of that when choosing a binary options broker.

Another thing to note about 365Trading’s accounts is that after 180 days of inactivity, an account is considered dormant. This dormant account is then charged $20 every 6 months. So that’s another thing to consider when thinking about registering for 365Trading.

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365Trading Platform

365Trading Binary Broker

The 365Trading binary broker uses its own custom platform for trading binary options. This platform is available for:

  • Mac
  • PC
  • Web
  • Mobile Apps

The platform itself is nothing special. From our experience, it is really just a skeleton, which you will notice when you compare it to other binary broker’s platforms. Also, the mobile apps are prone to frequent crashes which are never a good sign. Quite frankly 365Trading’s entire system could do with an overhaul to deliver better quality to clients, both present, and future.

There is also a small number of assets being offered for trading, which can cause you to lose out on as opposed to if you had gone to a broker with numerous more choices. The limited options are a major negative for 365Trading which we had higher hopes for prior to this review.

The time frames offered by the platform are 2, 5, 10, 15, 30, and 60 minutes.  24 hours, a week, a month and a year are also offered for long term traders. The platform utilizes candlestick and line charts.

365Trading Bonus Offers

The bonus offer made by 365Trading caps at $/€/£ 5,000. It can even be 100% of a deposit. But is can only be received once and in order for you to make any withdrawals, you need to trade at least 20x the bonus you received.

Example, if you received $500 as your bonus then you need a trading volume of at least $10,000 before you can make any withdrawal. If you do make a withdrawal before this then the bonus will be removed from your automatically. It is funny that the removal of the bonus is automatic yet you have to contact customer support in order to receive the bonus. It seems 365Trading opinions is when it benefits them then it should be automatic but when it should help you then should be manual.

Affiliate Program

There is also an affiliate program available where you can promote 365Trading. You receive $300 USD up to $800 cost per action (CPA). There’s a minimum of $150 before you can request a payout and 365Trading claims it is instant though we have good reason to doubt that.

365Trading Deposit and Withdrawal

365trading opinion

365Trading accepts funds in:

  • US Dollars
  • Euro
  • Great British Pound

You can deposit and withdraw money via:

  • Visa/Mastercard
  • Neteller
  • Wire Transfer
  • PayPal
  • Trustly
  • Sofort
  • Giropay
  • American Express

But those are not the only methods. 365Trading seems to have loads of methods for you to deposit your money.

365Trading Review Conclusion

Even though it is regulated, 365Trading seems to be a broker that still has ways to go before it can provide comprehensive trading to a diverse clientele. We advise you to register with a broker with more competent staff and multiple choices especially when it concerns account types because that is not 365Trading.

Open an IQ option Account

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Conclusion
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Item
365trading
Rating
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