If you’re looking for a legit brokerage, you can immediately close the web page of 365 Capital FX. However, if you’re already involved, you probably just want your money back. Let’s see who this company is and how you can file a dispute for a chargeback.
Read our 365 Capital FX review and get all the information in one place!
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FCA, FINACOM|
|Owned by:||Sand Ltd|
|Headquarters Country:||Marshall Islands|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||N/A|
Regulations and Security
365 Capital FX is a brand owned by Sand Ltd from the Marshall Islands. The company was established this year, and as it’s the case with many offshore scams, it has no proper financial regulation. Therefore, we can safely say that your funds are at tremendous risk with this particular broker. Moreover, you have no guarantees that you will get your initial deposit back as well since there’s no valid regulator and there’s no compensation fund. When investing, better find a Tier1 regulated company licensed by the FCA, ASIC, BaFin, and similar firm regulatory bodies.
365 Capital FX Warnings From Financial Regulators
Since broker provides financial services without proper regulation, some authority bodies have noticed it and decided to publish an official warning. The first one to do so was the UK FCA, while we also got a warning from an independent financial regulator, FINACOM.
Both of these warnings contain the same – 365 Capital FX is a fraud, and you should file a complaint against it immediately.
Fund Withdrawal Issues With 365 Capital FX
Being unregulated means you have no authority body that would oversee your activities. And unfortunately, company is using this fact a lot. Firstly, they ask clients for an initial deposit of $2,500, which is 10 times more than an average in the industry, and after you invest those funds, the account manager will keep asking for more. No matter how much you invest, it’ll never be enough.
However, once you want to withdraw your profit, your account will be suspended, and your account manager will be unavailable. This is a scam most offshore companies use to defraud their clients. If something similar happens to you, let us know immediately.
Traders About 365 Capital FX Scam
As you can imagine, traders have nothing good to say about the 365 Capital FX brokerage. They are highly disappointed with the treatment they get after investing such a high amount of money. The broker’s proprietary web trader is not as good as it should be, it has lots of lags, and the broker’s employees don’t assist clients in the case of an issue.
As previously discussed, withdrawals are nearly impossible, so the entire trading experience with the broker can be described as a large disappointment. So, please avoid 365 Capital FX forex broker and similar brokers such as Smart Trade Group, CCG Trade and CJC Markets.
How To Know If You Were Scammed Online?
If you cannot withdraw your funds, it’s evident that you have been scammed. However, you should be suspicious if you notice that your broker is pushing you to invest more and refusing to process your withdrawal request, or someone from the company asks for access to your online banking. If you notice any unknown transactions on your card after depositing with a brokerage, let us know. We will help you file a dispute and request a chargeback.
Scammed by 365 Capital FX?
If you were scammed by 365 Capital FX or a similar brokerage, let us know. Our team of experts will help you file a dispute and request a chargeback.
But What Is A Chargeback?
A chargeback is a way for your bank to reverse the transaction if you have been scammed online. Contact us via online chat to book a free consultation with our specialists and get your money back. Don’t let scammers go away for free!
What is 365 Capital FX?
This is an online trading brokerage blacklisted by the UK FCA for providing unregulated services.
Is 365 Capital FX a scam broker?
No, company has been blacklisted by the UK FCA for providing illegal financial services.
Is 365 Capital FX regulated?
Instead of regulation, 365 Capital FX has been blacklisted for fraud.