Trade360 – Is it scam or safe?

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Trade360 – Is it scam or safe?

Trade360 is a brand name of MPF Global Markets Ltd, a Cyprus-based financial company that is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The CySEC license allows it to offer financial services, including forex.

However, there are some posts that inform about poor customer service (automated or no answers) and money withdrawal difficulties.

So far, we haven’t received any complaints from clients of Trade360.

If you feel frustrated by Trade360 and have something to share with us, please fill in the form below, describing your case:

10 Complains

  1. This is scam scheme! They blocked my account because my girlfriend registered her account from the same IP as me. I tried to explain this to the support but it is useless. They didn’t care at all. Do not deal with them!

  2. I couldn’t call them a scam but their trading conditions are terrible. They have huge spreads and you will never get your bonus. To do that you must trade the whole world. If you won’t rely on this bonus, go ahead but I wouldn’t recommend.

  3. What coincidences! They always close my open positions a second before the market goes to my direction. This happened 5 times till now and I am sure they do some manipulation. I am very suspicious.

  4. I wanted to withdraw some money but they charged me nearly 50$ for the transfer. I asked them why and they answered these were administrative costs. I have tried some other brokers and I will not recommend this for sure!

  5. I had the worst experience trading with this broker. Their platform sucks. It gave some bug and now when I buy it sells. I suffered a significant loss but they didn’t take some responsibility. Very bad.

  6. I funded my account by my credit card and after I made some successful trades I withdrew some money. I tried to deposit again by my card but I couldn’t. Trade360 told me to deposit via some local bank in Australia and then they would transfer the money into the account. Well, this money has never been added to my account. It was blocked and this broker doesn’t reply to my calls and emails. I made several requests to withdraw my money but they did nothing. It turned out trade360 was a total scam company. They will take your money for sure.

  7. I had very bad experience with trade 360, they kept asking me to put money so I can trade better, then the account manager one day advised me to do some deals and he convinced me that I will get good profit, I done that thinking he knows better as experienced person, I lost all my money $83,000.00 and never got any support or explanation they just disappeared, I sent complaint but no reply. Trade 360 is definitely spam and fake they keep pushing you to deposit money and when they feel you are not going to put more they just take your money and disappear and whatever you do you will reach nothing and no way you can get any dollar back. It has been nearly a year now since I had that very bad experience with Trade 360.

  8. I am an Australian who was their client before they had a license to operate in Australia. They lost over $100,000 of my money with bad trades. They then used my card details to take money from my bank account to put into another one of their companies without my authority. My bank was to recover that money.
    I am reporting Trade360 to ASIC, hopefully they will cancel their license and make them refund my money.

  9. I also fell a victim to this scam broker. They kept on asking me to deposit more money. Then they stopped picking up my calls and doesn’t reply my mails. After loosing more money. Finally I have gotten back all my lost fund and bonus from CFD stocks. They stocked all my trading capital and deprived me access into my account for over two months now after I’ve invested $70, 000 with them. Thought I was not gonna see this day, but as God may have it, today I’ve got back all my money  for real with the help of professional. Lesson learnt! I’m happy to share my experience.

    If you’ve been locked out from logging into your binary option trading account or you are unable to make withdrawal from your broker account, maybe because your broker manager is asking you to make more deposit before you can place a withdrawal and you need my assistance, kindly get in contact with me via my email address:[email protected], and I will guide you on steps to take to regain access to your account, make withdrawal freely and easy, as well as recover all your lost funds in reality.

  10. I was lucky…sort of….
    I was opening an account but after reading some very bad stories, stopped BEFORE I invested any money. So I didn’t lose any money but I receive phone calls at least 4 times a day from brokers even though I have cancelled my account and repeatedly ask to be taken off their calling list.
    Calls keep coming from shuffled phone numbers, but it is all from brokers related to trade360.
    I get calls from all over the world, New Zealand, London, Australia.
    My advise, DO NOT even think of using this scam company, even if you don’t lose money, you will be harassed by them calling trying to get you to put up money to trade.
    Trade360….. Thumbs down.

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