360CapitalFM Review
Beware Investors 360CapitalFM – Regarding fraudulent practices, issues with the registration of securities/derivatives, reporting requirements, and market intermediaries.
Who is 360CapitalFM:
360CapitalFM is an online trading platform that claims to offer forex, CFDs, stocks, commodities, and cryptocurrencies. The company claims to have offices in Australia, the UK, and Cyprus, and to be regulated by various authorities. However, these claims are false and misleading.
Regulation:
360CapitalFM is not regulated by any reputable authority. In fact, the Australian Securities and Investments Commission (ASIC) has issued a warning against 360CapitalFM, stating that it is not licensed or authorised to provide financial services in Australia. ASIC also advises investors to avoid dealing with this company and to report any misconduct to them.
Location:
360CapitalFM does not have a physical presence in any of the countries it claims to operate in. The company uses fake addresses and phone numbers to deceive investors. The actual location of 360CapitalFM is unknown, but it is likely to be based in an offshore jurisdiction with weak or no regulation.
Services:
360CapitalFM offers various trading services that are not transparent or fair. The company uses aggressive marketing tactics and high-pressure sales techniques to lure investors. The company also imposes hidden fees and charges, manipulates prices and spreads, and prevents withdrawals. Many investors have reported losing their money to 360CapitalFM.
Reviews:
360CapitalFM has a very poor reputation among online reviewers. The company has received numerous complaints and negative feedback from dissatisfied customers. The company also uses fake testimonials and reviews to boost its image and credibility. These reviews are not genuine and should not be trusted.
Customer Service:
360CapitalFM does not provide reliable or professional customer service. The company’s representatives are rude, unresponsive, and unhelpful. They often ignore or block customers who request assistance or refunds. They also use abusive language and threats to intimidate customers who complain or expose their scams.
Why Check Company Credentials:
It is very important to check the credentials of any company you are planning to invest in. This includes verifying their license, registration, address, contact details, reputation, and track record. By doing so, you can avoid falling victim to scams and frauds that can cost you your hard-earned money.
Securing Your Investments: Shielding Against Unscrupulous Brokers
One of the best ways to secure your investments is to choose a reputable and regulated broker. A regulated broker must comply with strict rules and standards that ensure fair and transparent trading practices. A regulated broker must also keep your funds in segregated accounts, provide adequate customer protection, and offer dispute resolution mechanisms.
Conclusion:
360CapitalFM is a scam broker that you should avoid at all costs. The company is not regulated by ASIC or any other authority and has been warned against by ASIC. The company also provides poor and dishonest services that can result in significant losses for investors. If you are looking for a trustworthy and reliable broker, you should do your research and choose a regulated one.
