360 Forex Trade

360 Forex Trade is a retail forex brokerage registered in the United Kingdom, with its official domain at 360forextrade.com. The company was established on July 15, 2022, and lists its registered address at 66 Great Suffolk Street, London, SE1 0BL. However, as of this review, the broker does not hold any known regulatory licences from UK authorities or any other reputable financial regulator.

Given the absence of regulatory oversight, traders should approach this broker with caution. The firm's limited track record (founded in 2022) and lack of verifiable independent reviews further complicate the assessment of its reliability. FXCanary's Scam Risk Score of 49/100 (Guarded) reflects these concerns, indicating a balanced but uncertain risk profile.

360 Forex Trade is registered as a private limited company in England and Wales, but company registration does not equate to financial regulation. The Financial Conduct Authority (FCA) does not list 360 Forex Trade as an authorised firm, nor does the company claim any other major regulatory licences (e.g., CySEC, FCA, ASIC). This is a critical red flag for traders accustomed to the protections afforded by regulated brokers, such as negative balance protection, segregated client funds, and access to ombudsman services.

The registered address at 66 Great Suffolk Street is a standard serviced office location, often used by numerous companies. This does not necessarily indicate impropriety but limits the ability to verify physical operations. Without regulatory oversight, clients have no formal recourse if disputes arise or if the broker fails.

Based on the broker's name and domain, it likely offers leveraged forex and CFD trading, though specific details on instruments, trading platforms, and account types are unavailable due to the lack of accessible official website content. Industry databases often list such brokers as offering standard retail products such as major and minor currency pairs, indices, and commodities, but these claims cannot be independently verified.

Without confirmed information on trading costs, leverage limits, or execution methods, traders cannot make an informed decision. The opaque nature of the broker's offering adds to the risk, as hidden fees or unfavourable trading conditions could erode capital. Prospective clients should demand clear, written terms before considering any deposit.

The combination of a recent founding date, lack of regulation, and no independent user reviews elevates the risk profile of 360 Forex Trade. Unregulated brokers are not required to adhere to strict financial standards, which increases the likelihood of issues such as withdrawal delays, manipulated pricing, or outright scams. The FXCanary Scam Risk Score of 49/100 (Guarded) indicates that while no concrete evidence of fraud exists, the red flags are significant enough to warrant extreme caution.

Traders should note that unregulated forex trading is not covered by the UK's Financial Services Compensation Scheme (FSCS). Any funds deposited are at the broker's sole discretion. It is strongly recommended to avoid dealing with this broker until clear, verifiable regulation is obtained, and independent reviews confirm reliable operations.