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360sky Options Review: 360sky-options.com Forex Scam

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360sky Options Review: 360sky-options.com Forex Scam

360sky Options (360sky-options.com) is a platform claiming to earn over 95 percent in 60 seconds. 360 Sky Options is obviously a scam as no expert or trading robot can achieve this fete. The market is volatile and prices changes at any given time. These scam artists are using the high ROI to try and bring in more investors to sign up. Read this genuine 360SKY OPTIONS Review for more details.

360sky Options Review

About 360sky Options

Sky Option LLC is the company which claims to operate and own the trading website. The company claims to be registered in New York. Scam artists will do or say anything to try and make their platforms appear legit. These scam artists are using a U.S. location to try and fool investors from American and Europe. The entire website is a clone and the design has been used in other scams. When it comes to trading Binary options, it is best to use accurate Binary Options Signal providers.

360sky Options is another Binary trading platform that has been blacklisted by authorities. The website lacks an about us page which is expected with a scam. Their trading history remains unknown and we conclude this is a new platform. Scam artists will do or say anything to make their platforms appear legit. And this is evident with the platform’s use of U.S address. Continue to read on as we expose the tricks used by these scam artists. Complaints reached our help desk and we decided to conduct a full investigation.

Assets Offered

Assets include Binary Options, Commodities, Currencies, and Stocks. The platform indicates they offer a guaranteed 95 percent ROI for members who deal with binary options. False information has been used to lure unsuspecting investors. The National Futures Association banned the use of Binary Options in the United States. How the platform is continuing to offer such services remains a mystery. Scam artists will break the law to ensure unsuspecting investors sign up with them.

Bonuses

360sky Options is claiming to reward their traders with initial trading bonus. They claim to match the initial bonus which is a trap. The 100 percent welcome bonus is used to put stringent measures to ensure traders don’t withdraw funds. Authorities have been pondering on banning bonuses entirely. Scam artists will deposit the same amount on your account, and demand it back. Why issue a bonus and later ask members to pay it back? Members are not allowed to withdraw a penny unless they pay back the full bonus amount.

Domain Details

According to the trusted domain register whois.net, these scam artists have been scamming investors for some time. The information shows the domain 360sky-option.com was registered on 13th July 2018. These scam artists have been stealing from members for about two years. After complaints reached authorities, regulatory bodies started issuing a warning. The SEC was the first regulator to flag the platform as a scam.

License and Registration of 360sky Options

360sky Options CONSOB Warning

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We searched their document’s page and couldn’t find any information regarding their compliance. The Italian watchdog CONSOB has already issued a warning following SEC’s exposure. And this is proof 360sky Options is NOT LICENSED OR REGULATED to offer any trading services. Stay away from this platform or else risk losing your entire funds.

360sky Options is fooling investors into believing they offer genuine trading services. For that to be true, they have to be insuring funds deposited by members. Scam artists never insure funds deposited by members. 360sky Options is openly breaking set industry regulations as they don’t meet the minimum required deposit. A platform has to deposit a minimum of $20 million to get a license with SEC. And this is one of the many reasons why the platform has been blacklisted by regulators.

Restrictions of 360sky Options

Account Details

There are three account types to choose from. 360sky Options is furnishing traders with Bronze, Silver, and Gold account types. They fail to mention the acceptable minimum deposit with each account. Scam artists will knowingly fail to mention the acceptable minimum requirement. They do so hoping to extort funds from members. The industry has set $250 as the acceptable minimum deposit. Stay away from this platform and never use any of their accounts which have not indicated leverage and spread.

360sky Options Account Types

Contact and Customer Support

When it comes to contacting the platform, it is clear users have to wait in line. The platform prefers using emails or making calls to members. Emails are not reliable as they tend to stay longer before members get response. The platform will call members and request they deposit more funds. And this is the only time the platform makes contact with members. Stay away as a real platform offers effective and efficient communication channels. One of the best communication channels is live chat support.

Demo Account

360skyOptions offers a demo account which throws off investors. One might think that the demo account is an exact copy of their real trading platform. These scam artists have used an MT4 demo account which is ideal for trading. They do this hoping to trap investors into believing the real account has the same features. Once members sign up and deposit funds, they learn the hard way the platform uses a custom made platform. Before committing funds, ensure the demo account matches the real trading account.

Funding Methods

The funding methods used include Cryptocurrency, MasterCard, Neteller, Skrill, Visa, and others. Another trap is having a wide array of depository channels which gives traders no excuse why they can’t fund accounts. 360sky Options is not allowing anyone to deposit funds even after making profit. The platform will give excuses as to why you can’t withdrawal such as not reaching the minimum trading volume. These scam artists will use different excuses to shut down any attempt to withdraw funds.

Trading Terminal

When it comes to their trading terminal, 360SkyOptions is mute. What we later came to realize is they have a custom made platform. The problem with such platforms is they never undergo any testing. And this is why these scam artists fool investors by providing an MT4 demo account. Their real trading platform is shoddy at best and provides slow execution speeds. Third party attacks are rampant as hackers find them an easy target for sourcing credit card information.

Safety of funds with 360sky Options

360sky Options Sign Up Steps

Lack of DDoS protection and SSL encryption is proof there is no security firewall. The accounts fail to be segregated which means 360sky Options is pooling funds in one account. Another serious issue with the platform is lack of a clear compensation structure. 360 Sky Option does not participate in a compensatory scheme. These are reasons why everyone should stay away from this platform.

Scam or legit 360sky Options

After reviewing all the facts, it is clear we are dealing with a rogue trading platform. 360sky Options is a scam waiting to steal from traders. These scam artists will stop at nothing to try and steal funds from unsuspecting traders. Stay away from the platform and ensure you mark their emails as spam. Warn your family and friends from joining any of their affiliate programs. These scam artists will use any trick in the scam book to get your funds.

Verdict

We have to add this platform on our blacklist and ensure no one else falls for this trap.

Please use tested and trusted brokers for a profitable and safe trading experience.

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