Summary of Trade360 Trading Company
Trade360, managed by Crowd Tech Ltd, a Cypriot company, has presented itself as a reliable online trading and financial services provider since 2012. However, a closer examination reveals disturbing facts that erase the illusion of legitimacy.
Trade360 operates through three entities, one of which is based in the Marshall Islands, a jurisdiction known for minimal regulatory oversight. Additionally, trader reviews raise concerns about Crowd Tech Ltd's trustworthiness.
Between April and September 2020, a surge of suspiciously positive reviews emerged, suggesting their false nature. Traders report seeing inflated profits in their accounts that cannot be withdrawn, a hallmark of fraudulent schemes designed to deceive clients.
Furthermore, Trade360 lacks regulation by any reputable financial authority, making it an unreliable and potentially risky platform for investment.
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FAQs
Why has Trade360 been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Trade360 by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Trade360 is down, not updated or operates with clear errors and some features are not available;
• Trade360 has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Trade360 got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Trade360 got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Trade360?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Trade360 is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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