Warning: Beware of the Unlicensed Broker 360TradeHub - BrokersView

Warning: Beware of the Unlicensed Broker 360TradeHub

May 11, 2022 Brokersview

360TradeHub is trying to be a reliable forex broker with its claimed super trading conditions and strict global licenses. However, BrokersView finds these promises the broker stated are wrong. When you open an account and start to trade with it, you will find the company is a fraud.


Misleading Regulations

360TradeHub presents it is regulated in some of the world’s most reputable financial jurisdictions.

▶ Only registered in the Companies House

Headquartered in the UK, 360TradeHub is incorporated and registered with the Registar of Companies for England and Wales with Company No. 13162544. 

(Image Source: 360TradeHub)

However, the Companies House doesn’t regulate any forex activities of UK companies, it is the Financial Conduct Authority (FCA) that supervises currency activities in the UK market. When we searched on the FCA registry, we found no registration results.

 (Image Source: FCA)

 

▶ Not an NFA Member

360TradeHub shows it has been authorized by the National Futures Association (NFA) Regulatory Authorization with Certificate NFA ID 0547125.

 (Image Source: 360TradeHub)

However, we found the company is not an NFA Member. That means it is not authorized to offer forex services.

 (Image Source: NFA)

 

Leverage up to 1:400

360TradeHub tends to make traders believe that it is a decent brokerage. it writes that it provides premium trading products including forex, stocks, commodities, precious metals and services with transparency and innovative technology. Moreover, it offers leverage up to 1:400 on live accounts. But as a UK-based broker, the leverage limit on forex major currencies is up to 1:30 according to the regulation rules. So, it is obvious the company is the biggest scam.

 (Image Source: 360TradeHub)

Based on the above information, we can conclude that 360TradeHub is a scam.

Contact us at service@brokersview.com if you have any troubles.

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