300 PTY LTD

Investigating 300 PTY LTD: A Comprehensive Review

We are publishing this 300 PTY LTD review to warn our readers about the emergence of yet another Forex/CFD scam broker. Let’s be clear from the start — the project was created by scammers, and the probability of losing any funds deposited into accounts is almost 100%. For those interested in more details about this pseudo-company, you’ll find them in the materials below.

Key Takeaways

• The broker uses the registration details of a legitimate Australian company to mislead clients. In reality, it has neither a registration nor a license and operates illegally.
• The company conceals its trading conditions from traders, as well as its payment details.
• The minimum deposit is very high, and not every trader can afford to lose such an amount.

Is 300 PTY LTD Trustworthy?

The broker desperately tries to appear legal and licensed. In the footer of its website pages, it explicitly states that it is authorized and regulated by the Australian ASIC, even providing a number from their registry (ACN). Checking this information reveals the following:

• A company with this name is indeed registered in Australia and is listed in ASIC’s registry (the provided number matches the one in the regulator’s database).
• It was founded in 2011 and is still active.

However, we have reasons to doubt that this Australian company has any connection to the broker we are reviewing.

Firstly, all those offering brokerage services in Australia must have a Financial Services License (AFSL). However, the creators of this platform either don’t know this or decided not to bother with finding a more suitable company.

The fact is, 300 PTY LTD does not have an AFSL license. Consequently, it is not a broker, dealer, or any other market participant providing access to trading for clients.

Secondly, Whois service data shows that the domain 300pty.ltd, used by the broker, was only registered on August 9, 2014. Of course, we’d love to be wrong, but the idea of the official website appearing 13 years after the company’s registration seems nonsensical.

Moreover, the company’s claims of being in business for 15 years make no sense, as it has existed for no more than a month and a half. It has no official registration and has appropriated the name of a legitimate company to deceive traders.

Interesting! The statistics presented on the About page caught our attention. Here, the broker claims that over 15 years of operation, its support team has answered a total of 800 questions‌ — ‌or fewer than 50 per year. It seems their clients are quite uncurious, reaching out to customer support an average of four times a month.

As for the registration number and address, it was no trouble for the scammers to obtain them. Some of ASIC’s data is publicly accessible, and acquiring the missing pieces costs only 20-50 AUD.

300 PTY LTD displays many other signs that it cannot be trusted:

• Deposits can only be made in cryptocurrency, and withdrawals are only in Bitcoin. We’ve rarely seen more effort put into maintaining anonymity.
• Searching for the company’s trading conditions on its official website is useless. The only information the project owners provide to traders is the minimum deposit. All other trading parameters must be discovered independently — and this can only be done during live trading, as there is no demo account available.

However, the account types table lists numerous options that most traders won’t appreciate because they don’t know what they are. Many other services described here cannot actually be provided by the broker. For example, on the About page, the broker claims to have three dedicated consultants. We can imagine how overloaded these people would be at a real brokerage. But at 300 PTY LTD, they are apparently idle, each answering just one question per month.

In conclusion, the broker has done an excellent job of convincing us that it cannot be trusted. We hope that not only we but also the majority of this scam’s potential victims have taken note.

Exploring Fees and Charges

Experienced traders always want to know not only how much they can earn with a broker but also how much they will have to pay for it. We’ve already determined that it’s impossible to find an answer to the first question on the 300 PTY LTD website. What about the second?

Unfortunately, there’s also very little information about trading costs and fees here. To be more precise, there is none at all. The sizes of spreads, swaps, and trading commissions are not listed anywhere. This means that a trader cannot determine the costs of a transaction before executing it.

There is also no information regarding fees for depositing and withdrawing funds. However, there’s slightly more clarity in this regard‌ — ‌all non-trading operations are carried out in cryptocurrencies, and clients receive the recipient’s crypto wallet address when making a deposit. So, it appears that only blockchain transaction fees are covered by the client.

Although, even here, things may not be so straightforward. The exchange rate used to convert the deposited cryptocurrency into the account’s currency is determined by the broker. What’s stopping them from including an additional commission in this rate? Especially since none of the documents even mention these rates.

In short, scam-like practices are used here as well. This approach certainly doesn’t build trust in the company.

How User-Friendly Is the Trading Platform?

The 300 PTY LTD trading terminal is based on a price chart widget from TradingView. This is probably the only product that the company’s developers haven’t managed to spoil. They even managed to implement support for multi-chart mode.

However, the platform is still not competitive with the best trading software:

• The organization of market overviews leaves much to be desired. It takes a significant number of actions to select the desired ticker. Even with the fastest order execution, this adds an extra delay. In some strategies, such as scalping, this could lead to missed profits or even partial loss of the deposit.
• Despite using charts from TradingView, users cannot add indicators or trading robots. Meanwhile, 300 PTY LTD offers its own software for auto-trading. What strategy is used for this and which market parameters are applied remain unclear.
• The broker’s own server is listed as the source of price quotes. Whether these match the data received from liquidity providers and whether the administration has access to them is also unknown.

As a result, the terminal is quite user-friendly. However, questions about the broker’s honesty‌ — ‌and, accordingly, the potential for profitable trading — remain unresolved. Is it worth risking your own money?

What Do Clients Say?

We found that the broker has been in existence for no more than 1.5 months. Given this, we didn’t expect to find many 300 PTY LTD reviews online. However, the company managed to surprise us: it turns out that users are quite active in sharing their opinions. For example, there are 36 posts about it on Trustpilot, and more than 60 on reviews.io.

It seems that the broker is quite good at paying to create a positive image of itself on the internet. The authors of most of these reviews praise it in unison. High marks are given to customer support, favorable trading conditions, the assistance of company managers in trading, timely withdrawals, and more. However, as is often the case, none of these reviews provide specific facts. Due to the large number of reviews and their vague wording, we believe that more than 90% of them are fake.

Additionally, many positive opinions are shared by so-called “experts” on specialized websites. Here, it gets even worse — the reviews are filled with blatantly fake information. Nevertheless, there are a few publications that point out the same issues with the broker that we mentioned above. Their authors honestly state that 300 PTY LTD is a scam and that deposits should not be made, as the risk of losing everything is extremely high.

Final Thoughts: Can You Rely on 300 PTY LTD?

Thus, in this 300 PTY LTD review, we have tried to highlight the most serious shortcomings of the broker for traders. We believe that it is absolutely unacceptable to trust a company that has no registration or license but has appropriated the name of a real existing firm. Moreover, it does not disclose trading conditions and actively seeks to hide its payment details, accepting and sending money only in cryptocurrencies. The chances of losing all invested funds here are close to 100%.

Strengths and Weaknesses