The FCA has issued a warning on 365CapitalFX. With a warning from a reputable platform, it’s best to stay away from it. What we have is an attempt by offshore brokers to defraud European investors. 365 Capital FX is by no means your average cup of tea. Hundreds of investors have lost funds after 365capitalfx.com held funds without releasing them. And this has prompted the FCA to act. Find out more in our explicit 365CAPITALFX REVIEW.
According to the about us page, the platform was created by financial experts. So we have to give it to them for creating an engaging website. It’s one of the many reasons that led naïve investors into depositing with them.
At face value, 365CapitalFX looks like a good investment platform. However, there’s no turning back from the fact that the platform is a hoax. Those who have signed up are ruing the decision since members can’t access funds.
It is for this reason that we have to expose the red flags found on the platform. It would be best if you found out what features to avoid in any online investment platform. To protect our ardent readers, we have to expose the platform.
When looking for a viable investment platform, make sure to use those backed by experts. It’s best to go for platforms with a proven track record. These platforms guarantee your safety when trading. It’s what you should look for in an investment platform.
No one has come out in favor of the platform. Nearly all members are having the same issues. No one gets to withdraw from the platform, making it a real pain in the neck for members.
It would be best if you did due diligence before deciding which platform to use. The platform should be credible and have investors backing it. Start by reading reviews and finding out what others are saying about the platform.
365CapitalFX offers seven account types. We will have to look at the first six as the seventh one is another account offer. The six accounts include Bronze, Silver, Gold, Premium, Platinum, and VIP.
Here’s a closer look at each of the six accounts
Bronze
It’s the most basic account, with investors having to deposit $2,500 to start trading. The minimum deposit is the first feature that caught our eye. 365 Capital FX is asking ten times the recommended minimum deposit.
Silver
For silver account holders, members must deposit $5,000. With such a high deposit requirement, the accounts should offer a considerable advantage. However, it’s not the case as the platform provides normal trading conditions and account features.
Gold
There’s a minimum acceptable deposit of $10,000. You get a dedicated account manager and trading alerts. We don’t see why anyone would deposit such a high amount. You get the same features as the silver account.
Premium
For the premium account, the acceptable minimum deposit is set at $25,000. In addition, members of this package get an education center and a promise of higher leverage. High leverage means once you make a losing trade, you lose more of your equity than usual.
Platinum
It’s one of the accounts that targets skilled traders. There’s a minimum acceptable deposit of $50,000. Notable features include the availability of risk-free trades and invitations to VIP events. You also get advanced trading sessions with an analyst.
VIP
The VIP account comes with a minimum deposit of $100,000. Not anyone can sign up as it’s by invite only. We don’t know the features available which we believe are nearly the same as others.
All account holders get an account manager to help with their trading and advice. Instead of offering financial advice, these managers are soliciting funds from investors. You won’t get to enjoy your trading in peace.
The account managers call investors with claims of having a lucrative investment opportunity. You should know that the option is outside the scope of 365capitalfx.com. To try and sweeten the deal, the account manager will claim to increase your earnings tenfold.
Before you invest in the idea, you need to ask a few questions. The account manager won’t tell you the exact investment opportunity. All the manager wants is to sign up and expect a large sum at the end of the day.
It’s not the case as the account manager will later disappear. And the platform is also to blame as they immediately replace the manager once you deposit funds. We believe these are call agents who earn their commissions with every deposit you make.
There’s no mention of who owns or runs 365 Capital FX, another cause for concern. You should only invest with platforms that are transparent in every nature. Unfortunately, it makes 365capitalFX an anonymous investment platform.
With anonymity comes the risk of losing every penny held by the platform. There’s no way of recovering funds held by an anonymous platform. The platform does a good job hiding information on the founding and staff members.
Hiring recovery agents won’t help you get back your funds. These agents don’t have the mandate to freeze bank accounts. The platform also holds these funds in offshore accounts, making it nearly impossible to recover them.
It’s an exclusive account that is strictly for large institutions. The minimum set deposit is $500,000. There are no conditions available despite having a large sum. The account fails to mention available leverage and spreads.
Before you commit funds with any platform, make sure to check their support system. The platform should offer fast and reliable communication channels. And this means a phone number you can use to call and hear from a live agent.
With 365 Capital FX, you only get an email that might take ages to respond to. Try and get platforms that will make communication easier for all parties. We recommend platforms with live chat or direct phone calls.
Once you deposit funds with the platform, your balance will reflect in your trading account. Funding methods include bank and wire transfers. Unfortunately, you won’t get to fund your account with crypto.
Withdrawing funds with the platform remains a challenge for investors. No one has been able to withdraw funds for the past few weeks. And this is the reason why we have to warn investors from signing up.
Before signing up with any platform, try and find out how long it takes to process withdrawals. Check how long it took for other users to withdraw funds. Make sure to go through the deposit and withdrawal terms and conditions.
365CapitalFX is not a licensed or regulated platform. There’s a warning from one of the world’s most renowned regulators. The Financial Conduct Authority warns investors from signing up with the platform.
Make sure to check the platform in question is not found on any watch list. Go for platforms that are fully compliant and offer fair trading conditions. Above all else, ensure the platform allows users to withdraw funds.
Your Funds are not safe with a platform that fails to offer investors a real chance of trading. There’s no safety net to protect investors once the platform shuts down. Please stay away from 365capitalfx.com.
With a warning from the FCA, it stands to reason, and no one should invest with 365 Capital FX.
Learn how to invest using proven investment platforms offering innovative strategies. It’s the only way to invest safely.
If you have any questions, feel free to email us.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments