Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Regulators | CySEC |
Year Established | 2011 |
Execution Type(s) | Binary Options |
Minimum Deposit | $100 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
365Trading, founded in 2011, is operated by Fidelisco Capital Markets Ltd, a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC). It is located in Nicosia, Cyprus.
With 365Trading, trading can be done 24 hours per day. Trading can also be done on Sundays on the TA-25, the Israeli Index. Trades include the most popular indices, all Forex pairs and raw materials such as Gold and Silver. According to their most updated website, 365Trading will be introducing Asian stock exchanges for the traders who also want to trade in an index later during the day.
Accounts
There is one standard trading account at 365Trading. The minimum deposit into the account is $100 and the minimum order is only $5.00.
A demo account without any deposit required can be opened by using the same online form as that of a funded account. 365Trading is one of only a handful of brokers that go out of their way to actually encourage traders to first learn all they could about financial markets while at the same time using a demo account to practice their trades before placing their funds at risk in a real trading account.
The account form is available in several languages besides English including Danish, Swedish and Norwegian. Languages can be changed at any time by going to the languages drop-down menu on the homepage.
The maximum amount per trade is $500 which means a trader can have a trade of $500 in one order per asset. However, several orders of $ 500 per asset can be made at the same time.
Features
A nice feature offered by 365Trading is its listing of the exact trading hours for each asset chosen. For example, the Dow Jones index is listed as being available for trades Monday-Friday from 15.35 until 22.00 CET.
A short listing of trading strategies is another interesting feature as is a brief discussion on tips and tools for successful trading.
The landing page provides easy directions for opening an account and placing a trade.
Education
365Trading has daily news reports and updates that are provided as they happen from all over the world. The information is supplied by Reuters and is divided into Daily News General and Daily News Forex with news items specially selected based on their relevance to currencies.
365Trading Market News
A brief explanation of every asset available for trading is provided as is a useful description on important economic indicators that can be applied to binary option trading.
The economic calendar is colorful and kept up-to-date on events taking place all over the globe as well as their economic impact.
Instructional videos are divided into beginner and advanced categories and they provide essential material for successful trading. There is also a video on 365Trading. The videos are available to anyone viewing the website and are not limited to registered traders.
The two ebooks—beginners and advanced--can also be accessed by anyone interested in learning about binary options trading before opening an account. Topics include Psychology of Trading, Essential Terms and Concepts, Learning how to Trade and more. The advanced book is a 3D modelled interactive flipping book.
Bonuses/Promotions
The team at 365Trading mentions that there are many binary options traders that are not interested in receiving bonuses of any kind and that a bonus is offered only to those who make the request directly. I find it hard to believe that a trader would turn down extra money but if that is the case, then offering them to option to back out is commendable.
At the time of this review, there was a 100% deposit bonus up to $5,000 for any monies put into the account. In addition, there is the Refer-a-Friend promotion, a $50 bonus was being offered for any registered account holder who brings in a new client. The money is deposited directly into the trader’s account after the account has been approved and the funding received.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |      |
365Trading representatives can be reached every working day between 09.00 and 17.00 by telephone and they are even accessible 24 hours per day by email during the weekend. For quick, short questions online Chat is available and email communication is also provided.
The 365Trading website is available in English, Spanish, German, French, Danish, Swedish, Norwegian and Portuguese.
Deposits/Withdrawals
A deposit can be made with Visa, Mastercard, American Express , Wire transfers and online payment programs such as Paypal, Ideal, Bancraft-Mr. Cash, Wire transfer, Sofort , and Trustly. The minimum deposit amount $ 100.
Accounts can be funded in US Dollars, Euros or Pounds Sterling. Once a currency has been selected it cannot be changed after registration.
Withdrawals are made using the same funding methods. One free withdrawal is allowed every month but after that a small handling fee of $15 is charged. Payouts can be made within 24 hours of their requests.
Conclusion
365Trading is an established broker with many benefits. It prides itself on its quick turn-around, transparency, easy deposits and withdrawals and its own hi-tech proprietary platform. There is a 100% bonus for any amount of money deposited in an account as well as an additional promotion. The only available account offered can be opened with as little as $100.
Features
The feature that stands out from all the rest at 365Trading is it educational material. The up-to-date market news that scrolls across the landing page makes reading the articles especially simple to do. It’s also nice that these news items, provided to the broker by Reuters, is divided up into general and Forex news. This makes it much easier for a newbie binary option trader to read only the items he/she is interested in and not have to search through all the news of the day before finding the relevant one.
Platforms
Proprietary
365Trading is a broker that has built its own custom trading platform. It offers binary options with the time frames of 60 seconds, 120 seconds, 5 minutes, 10, 15, 30 and 60 minutes for binary options on Forex, Stocks, Indices and Commodities.
365Trading Platform
The 365Trading platform is constructed with the latest financial technology to ensure the reliability of the trade, transparency of the information, security of funds and privacy of personal information. The transparent trading, the clear visibility of prices, the fast and easy access to data and the simple navigation ensure an uncomplicated and enjoyable trading experience.
It is available in Spanish, French, Dutch, German, and English.
Mobile
No mention of mobile trading is made on the site.
Trading Platform
Automated Trading | |
|---|---|
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
