BYOU 360 Invest Review – Key Findings You Must Watch For
BYOU 360 Invest Ltd is named as the official owner of the brand we’re investigating today. Allegedly, the company is registered in France.
Even though they might appear transparent and legit, you must watch for some warning signs. For instance, the company has been operating since 2023. But are they operating legally? Find out in this detailed BYOU 360 Invest review.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Trading Platforms:||Web trader|
|Deposit Bonus:||Not available|
|Trading Assets:||Cryptocurrencies, Forex, Commodities, Indices, Bonds, Shares|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Considering a non-existent withdrawal policy you can expect various withdrawal issues. In case the company gives you any trouble, contact our refund experts for detailed guidance.|
Legal info: Is BYOU 360 Invest legit?
Experienced traders are always looking for top-tier licensed brokerages, such as the ones holding FCA, BaFin or ASIC licenses. Even the France AMF is considered a Tier 1 regulator.
However, BYOU 360 Invest company doesn’t have any of the mentioned regulations. Therefore, features like negative balance protection and segregated bank accounts can’t be expected. Not to mention compensation schemes.
Who are BYOU 360 Invest clients?
Interestingly the company is targeting only a few countries. Yet, highly regulated ones. The main victims of the company are coming from:
Considering the minimum deposit requirement, it’s not surprising they are targeting these citizens. In any case, if you were one of their victims, you can contact our refund experts for advice.
Surprisingly, the company has quite positive reviews overall. At least on average. Yet, out of 11 comments on Trustpilot, almost 50% are coming with a lower rating. To be honest, there are no negative comments. But, too many irregularities point out that’s inevitable at one point.
If you are experiencing any difficulties with this brokerage, feel free to share it with us. Our experts can easily guide you through the chargeback procedure if necessary.
Leverage, Commissions, Spreads, Fees and Taxes
One of the biggest warning signs that you will get scammed are company’s trading conditions. In the first place, the leverage. Keep in mind that the European Securities and Markets Authority (ESMA) requires all European brokers to provide a maximum of 1:30. Yet, BYOU 360 Invest firm offers 1:200.
None of the costs are revealed. Even though the company claims to have tight spreads, that’s not something you can really expect from a fraud.
BYOU 360 Invest Trading Features
Practically all features of this firm are ending up with manipulations. Primarily, they claim to offer a reliable platform and attractive trading conditions. But, in reality, you will just face various tricks the broker is using to extort more money from you.
Trading Platforms Available
Another key fact is that the company is not revealing its software choice. Preferably, traders are mainly choosing brokers with cTrader or MetaTrader.
Yet, with this company, you can only expect a web trader. Not to mention that only limited functionalities will be available, and even those will be manipulated ones.
Available Trading Assets
Tradeable assets are your least worry if you are trading with an unregulated broker. Yet, our ProfiSTocks review presents you with the benefits of a wide instrument range. As for the BYOU360Invest, you can get:
- Forex – USD/JPY, EUR/HUF
- Commodities – gold, platinum
- Indices – DAX30, CAC40
- Shares – Amazon, Netflix
- Cryptos – BTC, ETH
- Bonds – US T-Bond, EU-Bond
If you take a closer look at the account types, you will see the offer doesn’t contain anything relevant. Practically, the whole proposal can be different on the first call with their agents. Not to mention you have to invest $5.000 to get started.
Anyway, the options are:
- Basic – $5.000
- Bronze – $25.000
- Silver – $50.000
- Gold – $75.000
- Platinum – $100.000
- VIP – $125.000
- Savings – $150.000
Mobile Trading App
With a web-based platform, you can only access the account through the browser. Therefore, iOS and Android users can expect a lot of trouble there. In general, that’s why it’s important to use trusted software like cTrader or MetaTrader. Of course, with a licensed broker.
Many brokers without demo accounts are mainly hiding something. Whether their software flaws or hidden fees. In any case, this firm doesn’t have this feature available. Luckily, our MaxProInvest review will show you why is it important.
BYOU 360 Invest Withdrawal
Another red flag with this company is the missing terms and conditions. Without it, you don’t have access to their legal documents and, most importantly, withdrawal policy.
Therefore, the company can manipulate a client in any way they want. Primarily with the procedure, verifications and fees. But be aware those are all tricks unregulated swindlers are using to control and get more money from you.
With the company’s support comes another danger. They claim to have highly responsive multi-lingual support. Yet, working hours or any reliable contact options are not revealed. With only e-mail and web form available, you can forget about quick responses. Especially if you are requesting a withdrawal.
Key Information To Consider About BYOU 360 Invest
Nothing about this company can generally attract anyone to invest. Starting with their missing regulations, ownership and trading conditions transparency. Not to mention they are missing out on key details like legal documents and trusted contact options.
All in all, too many risks you need to think about. Unfortunately, some people have already fallen for their fairy tales. But that’s not the end of the world. At least if you do something about it. With our experts’ assistance, you can start a chargeback process today and get your money back. If you are in, get in touch now!
Who Is BYOU 360 Invest?
This investment firm is an anonymous brokerage that claims to operate from France. If you were their victim, feel free to contact our chargeback experts for advice.
Is BYOU 360 Invest Legit or Scam?
The company is definitely a scam. They are not regulated by any trusted authority and none of the trading conditions, legal documents or withdrawal policies are revealed.
What Are The Account Types Of BYOU 360 Invest?
The company offers 7 account types: basic, bronze, silver, gold, platinum, vip and savings account. Yet, with the minimum of $5k.