Finance360trade

Finance360trade is the trading name of 360 Live Option Trade Limited, a company registered in Vanuatu. According to our records, the company was founded on 27 June 2022 and operates the website finance360trade.com. The registered address is listed as level 28, One International Tower, 2000 Barangaroo Avenue, 2000 Sydney, NSW, although the company's country of registration is Vanuatu.

We note that the company is registered in Vanuatu, an offshore jurisdiction known for lighter regulatory oversight. The registered address in Sydney, Australia, may be a correspondence address, but the legal entity is Vanuatu-based. This offshore structure is a common feature among retail forex brokers targeting international clients.

Our records indicate that Finance360trade holds two regulatory licences: one from the Australian Securities and Investments Commission (ASIC) and one from the Vanuatu Financial Services Commission (VFSC). The ASIC licence is classified as Market Making (MM) with licence number 436416, and the VFSC licence is a Forex Trading License (EP) with licence number 40356. However, the status of these licences is not specified in our records.

It is important to note that while ASIC is a reputable regulator, the licence number provided may not correspond to the entity operating as Finance360trade. We were unable to verify the licence against public registers, and the VFSC licence is from a jurisdiction with less stringent oversight. Traders should exercise caution and independently verify the regulatory status of any broker before depositing funds.

Based on the regulatory licences, Finance360trade appears to offer retail forex and CFD trading. The VFSC 'Forex Trading License' explicitly indicates forex trading, and the ASIC Market Making licence suggests the provision of liquidity in financial instruments. However, our records do not specify the exact range of instruments, such as currency pairs, commodities, indices, or cryptocurrencies.

We were unable to access the official website to confirm the available trading platforms, account types, or leverage options. Given the lack of verifiable information, we cannot provide a detailed overview of the products and services offered. Traders should be aware that the absence of transparent information is a potential red flag.

Our records do not contain details about the account types or trading platforms offered by Finance360trade. We cannot confirm whether the broker provides standard, mini, or Islamic accounts, nor whether it supports popular platforms like MetaTrader 4 or 5. The lack of this information makes it difficult for potential clients to assess the broker's suitability.

We advise traders to seek brokers that clearly disclose their account specifications and platform offerings. Without such information, it is challenging to evaluate trading conditions, including spreads, commissions, and execution quality.

No information is available regarding the deposit and withdrawal methods accepted by Finance360trade. We cannot confirm whether the broker supports bank transfers, credit/debit cards, or e-wallets. Similarly, we have no details on processing times or any associated fees.

Traders should be cautious when a broker does not disclose its funding methods, as this can lead to difficulties when trying to deposit or withdraw funds. Transparent brokers typically provide clear information on their websites about payment options and any limits.

Finance360trade appears to target retail forex and CFD traders, given its regulatory licences. The offshore registration in Vanuatu may appeal to traders seeking less restrictive leverage or trading conditions, but it also carries higher risk due to weaker investor protection.

The broker's lack of a verifiable online presence, including no social media or independent reviews, makes it difficult to gauge its reputation. We recommend that traders, especially those new to forex trading, consider well-established brokers with a strong regulatory track record and transparent operations.

In FXCanary's assessment, the risk score for Finance360trade is 49 out of 100, indicating a 'Guarded' level of concern. The primary risk flags include its registration in Vanuatu, which is an offshore jurisdiction with light oversight, and the absence of a verifiable website or social-media presence. These factors suggest that the broker may not be fully transparent.

We also note that our records show zero employees, which could indicate a shell company or a very small operation. While this is not conclusive evidence of fraud, it adds to the overall uncertainty. Traders should perform thorough due diligence and consider the potential risks before engaging with this broker.