DNA Markets Corporate Entity Information
DNA Markets is a forex broker that was registered in Australia on April 7, 2022. According to public information on the DNA Markets official website, DNA Markets is a business name of Focus Markets LLC, which is registered in Saint Vincent and the Grenadines (356 LLC 2020). Research shows that Focus Markets Pty Ltd has multiple registered business names, including GURU ONE GROUP, DNA Markets Group, Place a Trade Group, Finesse Markets Group, Anzo Capital Group, RGM FOREX. Among these, GURU ONE GROUP, DNA Markets Group, Place a Trade Group are still in use, while the remaining three registered business names have been cancelled.
Registration Date of DNA Markets Domain
The official website domain of DNA Markets is dnamarkets.com, and according to whois results, the domain registration date of this broker's official website is July 8, 2013. The domain is newly registered this year, not even 5 months old as of now.
Is DNA Markets Compliant and Legitimate? Does It Hold the Relevant Financial Regulatory Licenses?
Focus Markets Pty Ltd (ABN 96 167 517 544) is regulated by the Australian Securities and Investments Commission (ASIC), with its business and registered name being DNA Markets Group (DNA Markets). DNA Markets Pty Ltd acts as the corporate authorized representative for Focus Markets Pty Ltd (ABN 96 167 517 544), with AFS representative number 001299562 and registered address at MELBOURNE VIC 3000. DNA Markets Pty Ltd holds the ASIC authorization license from Focus Markets Pty Ltd, primarily serving Australian customers. The regulatory oversight for this broker is relatively weak.
Focus Markets LLC is registered at 1st Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, VC0100, St. Vincent and the Grenadines, with the registration date being May 5, 2020. The broker's official website indicates that Focus Markets LLC primarily serves non-Australian customers. However, it's important to note that the Financial Services Authority (FSA) of Saint Vincent and the Grenadines only regulates banking, insurance, or mutual fund business activities, not forex margin trading activities, and does not issue forex licenses, hence this broker essentially lacks valid regulation.
DNA Markets Corporate Staff Information
No information on the company's team members could be found on the public internet.
Trading Software Offered by DNA Markets
DNA Markets offers two main trading software on its official website: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), including desktop, web, and Android versions.
Public Sentiment Related to DNA Markets
DNA Markets has been identified as an unregulated investment platform possibly engaged in illegal operations. Concerns have been raised about the security of funds, including risks of sudden operation cease, concealment of crucial information, and inability to guarantee fund safety. The platform is also accused of questionable service quality, lack of transparency, and creating obstacles for clients attempting to withdraw funds, such as forcing additional trades, high withdrawal fees, or ceasing communication.
Trading Instruments Provided by DNA Markets
DNA Markets primarily offers investors trading services in Forex, commodities, indices, and stock CFDs.
DNA Markets provides users with two different types of trading accounts: Standard account and Raw account. Both account types require a minimum deposit of 100 Australian dollars or equivalent currency, with a minimum trade size of 0.01 lots and a maximum of 100 lots, the margin call level set at 100%, and the stop out level at 50%.
Contact Information of DNA Markets
The broker supports various contact methods including phone and email.
Website Traffic of DNA Markets
The traffic data for this broker's website stands at 245,761, which is relatively high in the forex industry. This indicates active online activity and user visits to some extent. However, traffic data alone does not fully reflect the quality or credibility of a forex broker. A comprehensive evaluation requires considering other factors such as regulatory status, user feedback, and company reputation.
Conclusion:
DNA Markets is a forex broker lacking effective regulation when facing non-Australian customers, and the broker has not disclosed any critical information on user fund security or corporate staff. Currently, DNA Markets is listed as "In-Operation" on TraderKnows. Investors are advised to conduct thorough research on the trading platform before starting trading, to safeguard their property.
