360Capital Review 2024

What is 360Capital?

360 Capital is a leading global online trading provider, offering trading with Forex and CFDs, indices, precious metals, and energy. Their strong dedication to state-of-the-art software and quality assurance means that their clients receive the best, most transparent trading experience. They offer a variety of account types, including Classic, Premium, and Private Wealth accounts. Each account type offers different features, such as varying starting deposits, ultra-fast market execution, free account management, and custom leverage and spreads. One of the unique features of 360 Capital is their Copy Trader system. This allows both experienced and amateur traders to participate in the financial markets by automatically copying trades executed and controlled by selected seasoned traders. 360 Capital also provides superior execution models for their clients. They offer No Dealing Desk Execution, where clients get unfiltered access to their interbank pricing directly. They also provide ECN Execution, where orders are matched electronically, and orders are passed to their liquidity providers directly. This gives their clients the ability to quickly trade with each other, getting rid of third party in executing orders. In addition, they offer “No Last Look” Execution. This ensures that no price manipulation is possible, meaning as a broker, they are unable to affect client’s trades. “No Last Look” means once a liquidity provider gives a price quote, it must accept the trade on it. 360 Capital is regulated with the Financial Services Commission (FSC) in Mauritius under License no: GB20025862 as an Investment Dealer.

What is the Review Rating of 360Capital?

What are the Pros of 360Capital?

360Capital, primarily considered an online bank, offers a range of financial services that make it a competitive choice in the market. Here are some of the key advantages:. Competitive Savings Rates: 360Capital offers competitive savings rates. , which can be particularly beneficial for forex traders looking to diversify their investment portfolio or park their funds. APY Earnings on Checking Account: The checking accounts at 360Capital earn an annual percentage yield (APY) of 0.10%. , which is above the national average. This can be an attractive feature for forex traders as it allows their idle funds to grow. No Monthly Fees: 360Capital does not charge monthly fees. , which can result in significant savings over time. This is especially beneficial for forex traders who may need to maintain a certain balance in their account for trading purposes. No Minimum Opening Deposit or Required Balance: 360Capital does not require a minimum opening deposit or a minimum required balance. This flexibility can be advantageous for forex traders who may need to frequently move funds between their trading and bank accounts. Mobile Check Deposit: 360Capital offers mobile check deposit. , allowing users to deposit checks from almost anywhere. This feature can be particularly useful for forex traders who receive checks as a form of payment or withdrawal from their trading accounts. Large ATM Network: 360Capital has a large ATM network. , providing easy access to cash, which can be crucial for forex traders who may need to withdraw their earnings or fund their trading accounts quickly. Early Paycheck Feature: 360Capital offers an early paycheck feature. , which can be beneficial for forex traders as it provides them with early access to their funds for trading. These features make 360Capital a strong contender in the banking sector, offering a blend of traditional banking services with the benefits of online banking. However, it’s important to note that while these features can be beneficial for forex traders, forex trading involves significant risk and it’s important to understand these risks before engaging in such activities.

What are the Cons of 360Capital?

While 360Capital is a well-regarded financial institution, it does have some potential drawbacks that could impact its customers. Here are some of the cons associated with 360Capital:. Out-of-Network ATM Fees: One of the main disadvantages of 360Capital is the fee charged for using out-of-network ATMs. This could be inconvenient for customers who travel frequently or those who do not live near a 360Capital ATM. Limited Overdraft Options: Compared to other financial institutions, 360Capital offers fewer overdraft options. This could potentially lead to higher costs for customers who occasionally overdraw their accounts. No Money Market Accounts: Unlike many other banks, 360Capital does not offer money market accounts. These types of accounts often provide higher interest rates than traditional savings accounts, making them a popular choice for many customers. Inconsistent High Rates: While 360Capital often offers high interest rates on savings, these rates are not always consistent. This could potentially impact the growth of customers’ savings over time. Potential for Unwanted Advertisements: Some customers have reported receiving unwanted advertisements from 360Capital. While this is not a major issue, it could be seen as a nuisance by some customers. It’s important to note that these cons do not necessarily make 360Capital a bad choice for all customers. The right financial institution depends on an individual’s specific needs and circumstances. As always, potential customers should do their own research and consider all options before choosing a financial institution. Please note that while I strive to provide accurate and up-to-date information, it’s always a good idea to consult with a financial advisor or do your own research when making financial decisions.

Is 360Capital Regulated and who are the Regulators?

360Capital, a forex broker registered in Mauritius, has been a topic of interest in the financial world due to its regulatory status. According to the information available, 360Capital does not fall under the purview of any regulatory bodies. This lack of licensing has led to a regulatory status of “No License” being assigned to it. The overall quality rating given to 360Capital is 1.23 out of 10. , indicating a high potential risk associated with this broker. Despite claims of being based and licensed in Australia and operating in the United Kingdom, these assertions have been debunked. The Australian financial authorities have issued a warning that 360CapitalFM is an impostor and illegally claims to be a licensed broker. There is also no such licensed broker in the UK. Furthermore, the links to legal documentation on the home page of the website are empty. In the account registration form, there is a link to Terms and Conditions, which mention Estonia and Grenadines as applicable jurisdictions. The second presumably stands for Saint Vincent and the Grenadines (SVG), an offshore area notorious for its lack of regulations for forex brokers. It is crucial for investors to be aware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences. In conclusion, 360Capital is not regulated by any known financial regulatory body. Therefore, potential investors should exercise caution when dealing with this broker.