This 365GCC review explains why you should stay away from this broker.
365GCC will let you trade a vast array of assets on different markets, such as Forex, stocks, commodities and cryptocurrencies.
The Broker offers two different accounts: Classic and Silver. The first one has a minimum deposit of $2000 and the second one $5000. You can get a 30% or 50% bonus and every account will receive daily trading signals.
365GCC claims to be located in Luxembourg. But is it?
Stay away from 365GCC
The single most important thing that should steer you away from 365GCC is that the broker is not regulated.
The broker says that it is based in Luxembourg, but the financial regulator knows nothing about it. We searched the register of the Commission de Surveillance du Secteur Financier (CSSF), and as you can see on our picture, nothing found on 365GCC.
This means that the broker has no license to provide investment services and is acting illegally by providing them.
Every broker has to have a license valid in every country it is targeting, and the domestic license is a must. You cannot offer brokerage services in Luxembourg without being regulated. 365GCC is breaking the law.
This of course is a huge red flag that should make you stay away from this broker. Also, don’t forget that with unregulated brokers your money is not protected in any way. Unlike with regulated brokers where deposits are insured, so in case of problems you will get a compensation.
Conclusion
365GCC is an unregulated broker that is breaking the law, stay away from it!
For trading you should always use regulated brokers and start on a free demo account to try everything risk free with virtual money.
If you decide to trade with real money, don’t forget that you can have profits and losses, so be careful.
