i360fx

i360fx is a retail forex and CFD broker that was established on November 4, 2022. The company is registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal regulatory oversight in the financial services sector. Despite its Caribbean registration, the broker lists a physical address at Cardiff Gate Business Park, Malthouse Avenue, Pontprennau, Cardiff CF23 8RU, United Kingdom.

This geographic disconnect raises immediate questions for traders. The broker’s registration in an offshore jurisdiction with no dedicated financial regulator means that client funds are not protected by any compensation scheme or mandatory audit requirements. The UK address may serve as a correspondence or administrative office, but it does not imply regulation by the Financial Conduct Authority (FCA).

Our records show that i360fx holds no regulatory licenses from any recognized financial authority. The broker is not supervised by the FCA, CySEC, ASIC, or any other major regulator. This absence of oversight is a critical factor for potential clients, as it means there are no independent checks on the broker’s financial health, segregation of client funds, or dispute resolution mechanisms.

For traders, this lack of regulation significantly increases counterparty risk. In the event of a dispute or broker insolvency, clients would have no recourse to a regulatory ombudsman or investor compensation fund. The FXCanary Scam Risk Score of 55/100 (Elevated) reflects this regulatory vacuum and the associated risks.

i360fx offers four distinct account tiers designed to accommodate different capital levels: Bronze, Silver, Gold, and Platinum. The Bronze account requires a minimum deposit of $200 and provides a maximum leverage of 1:500. The Silver account requires $2,500 and offers 1:200 leverage. The Gold account requires $5,000 with 1:100 leverage. The Platinum account is the top tier, requiring a $10,000 minimum deposit and offering unlimited leverage.

These tiered account structures are typical of brokers targeting both retail and high-net-worth clients. The unlimited leverage advertised for the Platinum account is particularly noteworthy. While it can amplify profits, it also exposes traders to the risk of losing more than their initial deposit, especially in volatile market conditions. The broker does not specify negative balance protection, which would be a key safeguard for retail clients.

The broker lists forex, metals, indices, and cryptocurrencies as available trading instruments. This multi-asset offering is standard for modern CFD brokers, allowing traders to diversify their portfolios across different markets. However, no specific details are provided about the number of currency pairs, individual metal products, or available indices and crypto tokens.

Information regarding trading platforms is not available from our known facts. Many retail brokers offer MetaTrader 4 or 5, or proprietary platforms. Without confirmation, traders should verify platform availability and features directly with the broker before committing funds. The lack of platform transparency is a common concern for unregulated entities.

No specific information is available about funding methods, processing times, or fees. Similarly, client support channels (live chat, email, phone) and languages are not documented in our known facts. For an unregulated broker, clear and responsive communication is essential for building trust, and the absence of such details is a red flag.

Traders should exercise extreme caution when depositing funds with a broker that lacks regulatory oversight and transparent operational information. Without verifiable details on withdrawals or support, there is a higher risk of encountering difficulties when trying to access one's own capital.

The elevated FXCanary Scam Risk Score of 55/100 underscores the high-risk nature of this broker. The combination of offshore registration, lack of regulation, and unlimited leverage on the Platinum account creates a particularly dangerous environment for inexperienced traders. Even with high leverage on lower-tier accounts (up to 1:500), the potential for rapid losses is significant.

Additionally, the broker’s short operational history (since 2022) means there is limited track record to assess reliability. Traders are strongly advised to conduct thorough due diligence, consider only risk capital, and explore regulated alternatives. The broker’s own claims, if any, should be treated with skepticism unless independently verified.