365acorntrades asserts that it is registered in the highly regulated financial markets of the U.S. and UK; however, it lacks the critical regulatory oversight in these regions or any others. This poses a major warning sign for potential traders.
For a safer investment experience, it’s advisable to steer clear of 365acorntrades. Opt for brokers who are not only properly regulated but also have a strong reputation for consistently following industry standards and regulations. Such brokers offer a more secure environment for your investments.
365acorntrades Regulation
| Guaranteed Funds | Segregated Accounts | Negative balance protection | |
| 365acorntrades | ❌ | ❌ | ❌ |
| UK regulated brokers | £85 000 | Yes | Yes |
| EU regulated brokers | €20 000 | Yes | Yes |
| AU regulated brokers | No | Yes | Yes |
| US regulted brokers | Yes | Yes | No |
Despite claiming to be a reputable forex broker with addresses in Florida and the UK, our extensive research shows that 365acorntrades lacks a legitimate forex license in these areas. It is not associated with key regulatory bodies such as the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the US, or the Financial Conduct Authority (FCA) in the UK. This lack of regulation makes its operations unauthorized and illegal in the US.
Moreover, the FCA in the UK has officially identified the dubious practices of 365acorntrades, issuing a warning to traders to avoid the company. Such warnings from respected regulatory authorities like the FCA often result from customer complaints and thorough investigations.
The evidence we have compiled is unequivocal: 365acorntrades operates without legal authorization and poses a significant risk of misappropriating funds rather than providing genuine trading services.
Therefore, we strongly advise against any involvement with this questionable operator. Exercise extreme caution to safeguard your financial wellbeing and ensure peace of mind. Seek brokers with proper regulation and a solid reputation to guarantee a secure trading environment.
Trading Platform
Furthermore, our investigation into 365acorntrades has revealed that their claims of offering advanced trading software are deceptive. In actuality, the firm provides a dubious, barely functional web-based trading platform that only integrates with TradingView. It lacks the fundamental capabilities required for legitimate trading activities.
Given these findings, we strongly advise prioritizing your time and finances by selecting a reputable broker that provides access to the highly regarded and widely used MetaTrader platforms.
To help you make an informed decision, we have compiled a comprehensive table of reliable alternatives. These brokers offer robust trading platforms equipped with the essential features for successful trading.
Minimum Deposit
365acorntrades requires minimum deposits of $500 for a Starter account, $5,000 for a Classic account, and $10,000 for a Platinum account. However, due to their questionable reputation, we strongly advise against making any deposits with them.
It’s always safer to conduct business with more reputable and trustworthy brokers. This ensures the security of your investments. By selecting a broker with a solid reputation and proper regulatory oversight, you can trade with confidence and peace of mind.
Payment Methods
| Deposit time | Withdrawal time | Price | |
| Crypto | 24 hours | 24 hours | Fee depends on crypto |
365acorntrades, like many other dubious entities, employs an unusual payment strategy by accepting only cryptocurrency, including Bitcoin, Litecoin, Ethereum, and Dogecoin, while excluding all other forms of payment.
This exclusive reliance on cryptocurrency is significant, particularly for individuals who prefer traditional and traceable payment methods. It adds another layer of risk and may not align with the preferences of those seeking more conventional options.
Given the lack of transparency and regulatory oversight, along with the dependence on cryptocurrencies, it is advisable to approach 365acorntrades with caution and consider more reputable brokers that offer secure and diverse payment methods.
Trading Instruments
Despite claiming to offer trading in Forex, cryptocurrencies, indices, stocks, energy, and commodities, it’s important to note that 365acorntrades does not possess authentic trading software. Consequently, these trading options are not genuinely available through 365acorntrades.
Traders are strongly advised to exercise caution and avoid investing money with this scam broker. The absence of genuine trading software raises significant concerns about the legitimacy and reliability of their trading services. It is essential to choose a broker with proven and reliable trading platforms to ensure the security of your investments.
365acorntrades Spread
Furthermore, our investigation into the spreads offered by 365acorntrades yielded no concrete results. Although their website claims to provide tight spreads, it does not offer any specific information.
This lack of clarity should raise a red flag for traders, as spreads play a crucial role in determining overall trading costs. Dealing with such a lack of transparency can significantly impact your trading experience. It’s important to proceed with caution when considering a broker that does not provide clear and detailed information about their spreads.
365acorntrades Leverage
| Currency | Stocks | Crypto | Gold | Indices | |
| 365acorntrades | Not specified | Not specified | Not specified | Not specified | Not specified |
| UK regulated brokers | 30:1 | 5:1 | ❌ | 20:1 | 20:1 |
| EU regulated brokers | 30:1 | 5:1 | 2:1 | 20:1 | 20:1 |
| AU regulated brokers | 30:1 | 5:1 | 2:1 | 20:1 | 20:1 |
| US regulated brokers | 50:1 | ❌ | ❌ | ❌ | ❌ |
365acorntrades does not disclose their offered leverage. It’s important to note that unregulated brokers like 365acorntrades are not required by regulatory standards to cap leverage at safe and reasonable levels, unlike their regulated counterparts in the forex industry.
This lack of regulation significantly increases the risk of substantial losses for clients’ accounts, especially for inexperienced traders who may not fully understand the implications of high leverage. High leverage can magnify both gains and losses, and without regulatory oversight, there are fewer safeguards in place to protect traders.
Traders should be aware of this risk when considering trading with 365acorntrades or similar unregulated brokers. To ensure the safety and security of your investments, always choose brokers that adhere to regulatory standards and provide transparent information about their leverage options.
Withdrawal Requirements
| Trading volume requirement | Fee/Tax on withdrawal | Minimum withdrawal | |
| 365acorntrades | Not specified | Not specified | Not specified |
| UK regulated brokers | No | No | No |
| EU regulated brokers | No | No | No |
| AU regulated brokers | No | No | No |
| US regulated brokers | No | No | No |
Another point of concern with 365acorntrades is the absence of critical details regarding withdrawal fees and any potential minimum withdrawal limits.
This lack of transparency around the costs and conditions related to fund withdrawals can lead to significant uncertainty and impede a trader’s ability to efficiently plan their financial transactions. It is crucial for traders to have access to clear and comprehensive information about a broker’s withdrawal policies to make informed decisions regarding their financial dealings with them.
365acorntrades Pros and Cons
| Pros | Cons |
| None | Unregulated |
| Falsely claims registration in the UK and the U.S. | |
| FCA warning | |
| No reliable trading software | |
| Non-transparent trading conditions |