Founded in 2014, 365 Binary Option, also known as 365fx, calls itself “the world’s most advanced platform for forex trading.” Its motto is “the broker you can trust.” It is operated by Oproserv Limited, headquartered at 78 York Street, London, W1H 1DP, England. Its telephone number is +44 20 3670 1522. The site is apparently owned by Fintech Software, Inc., whose registered office is located at Trust Company Complex, Ajeltake Road, Majuru, Marshall Islands MH96960.
365 Binary Option employs the Techfinancials platform, which offers many different expiry choices. It also enables clients to close their positions early in order to secure their profits or cut their losses short.
All shared data is encrypted using a 128 bit ssl encryption certificate. Secure information, such as passwords, is maintained in an encrypted format. The company’s technical staff oversees all internal activities, including systematic checks to ensure that the site’s security integrity is maintained.
The website is only available in English. Islamic accounts are available upon request, although money deposited in such accounts may remain open only for a maximum of 14 days.
Four account categories are available:
- Mini, for traders investing as little as $200
- Silver, which provides an additional 2% return on every trade
- Gold, which provides an additional 3% return on every trade
- Platinum, which provides an additional 4% return on every trade
Silver, Gold and Platinum traders also benefit from access to increased numbers of training sessions. Platinum customers receive one limited risk-free trade every month.
As many as 115 assets are available, including currencies, shares, indices, and commodities. No information on payment methods appears on the public site.
The only customers who are eligible to receive a bonus or promotion are those who have made a minimum deposit of 300 in U.S. dollars, euros or pounds sterling. Bonuses of up to 100% are provided on a limited one-time basis and are then available for immediate trading. Bonuses, however, may only be withdrawn after trading 40 times the volume of the bonus value. So, for example, if a $50 bonus is granted, a trader must complete a total trading volume of $2,000 before the bonus is available for withdrawal.
Bonuses exceeding $ 4, 999 and $ 9,999, however, are subject to trading volume requirements of 60 and 80 times the value of the respective bonuses before becoming available for withdrawal.
Of course, the company also reserves the rights to change or cancel any bonus or promotion at its discretion.
The company’s education section includes the following courses:
- Forex Advantage
- Basic Forex Terms
- Types of Orders
- Winning Tactic
- Glossary of Concepts
An extensive video library focuses on the following broad topics:
- Beginners in Depth Course (five videos)
- ECN (four videos)
- Social Trading (six videos)
- Trading Tools (six videos)
- Forex Trading V.O.D. (seven videos)
- Commodities and Futures Contracts (one video)
- CFDs and Stocks (one video)
- Economics (six videos)
Additional resources include a glossary, an FAQ page, an economic calendar, daily, weekly and monthly market summaries, links to news sites and a news ticker, video analyses of charts, and two different calculators.
Sales and support telephone and fax lines are available in the UK, Republic of Ireland, New Zealand, Singapore, and South Africa. Customers can also communicate via live chat or by e-mail. Hours of operation are not posted online.
Neither 365 Binary Option nor its operator are registered brokerages. Fintech Software Inc. is registered in Vanuatu, widely considered to be a tax haven with a limited financial regulatory infrastructure.