dbgmarkentskinlted.com is a CFD broker, with its official domain registered on July 27, 2024. This broker primarily targets retail and institutional clients, offering trading services in financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies. It does not provide services to jurisdictions that might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the information on the homepage of dbgmarkentskinlted.com, the entity is DBG Markets Limited, headquartered in London, UK. The broker claims its subsidiary is regulated by the Financial Crimes Enforcement Network (FinCEN) in the US and registered with the National Futures Association (NFA), undergoing strict audits and regulation.
However, on its "About Us" page, the company claims to have been established in 2002 and headquartered in Canada, creating discrepancies in the information.
Moreover, dbgmarkentskinlted.com does not provide business registration numbers or corresponding regulatory license numbers on its website, nor does it offer detailed terms of service and legal documents.
Upon investigation, no registration information for a company named DBG Markets Limited was found on the official websites of the FinCEN or the NFA. More doubt arises as the broker's name and logo may be imitated from the legitimate broker DBG Markets, suggesting an attempt to mislead investors.
Furthermore, the design of dbgmarkentskinlted.com’s web page is identical to some brokers accused of fraud, such as sedxcmarkets, FCAAGEA Financial Limited, Pocketx Ltd, ABASTR, Bakkt Market, and GS Goldmansachs.
Therefore, dbgmarkentskinlted.com is a fraudulent broker website with no actual entity and lack of regulatory oversight.
Offered Trading Instruments
dbgmarkentskinlted.com provides a variety of financial derivative trading options, including forex, precious metals, crude oil, indices, and cryptocurrencies.
- Forex: Offers trading in dozens of major currency pairs, including EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals: Supports spot trading in various precious metals, such as gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Provides trading services for US crude oil (UsOIL).
- Indices: Tradable indices include the Nikkei 225 (N225), DAX (GER30), and S&P 500 (US500).
- Cryptocurrencies: Supports trading in a range of major digital currency pairs, including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Account Opening Process
The steps to open an account with dbgmarkentskinlted.com are as follows:
- Visit the broker's official website.
- Click the "Register" button at the top right corner of the webpage to access the registration page.
- Fill in basic information such as name, email, phone number, country/region, and set a login password.
- Upload identification documents and the front and back of a bank card, complete and submit the application form.
Once registration is successful, the account will be activated.
Trading Account Information
The dbgmarkentskinlted.com website only publishes basic information such as spreads, trading leverage, and contract sizes. However, it does not disclose detailed information on account types, trading commissions, minimum/maximum trading volume, maximum position/order size, margin call/stop-out levels, or minimum price tick.
- Base Currency: USD
- Spreads: Floating spreads starting from a minimum of 1 pip
- Trading Leverage: 1:100 - 1:500
- Margin Call/Stop-out Levels: 100% / 50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform
dbgmarkentskinlted.com claims to offer the MT5 trading platform. However, the download link provided for the PC version on the website is not an actual MT5 download link, and dbgmarkentskinlted.com cannot be found on the MT5 platform.
Deposits and Withdrawals
dbgmarkentskinlted.com does not clearly disclose the supported deposit and withdrawal methods, related fees, or minimum deposit and withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that dbgmarkentskinlted.com is a suspicious broker website lacking a company entity and regulatory oversight. The website also offers limited contact information, only allowing communication via email. Investors are advised to choose brokers with transparent information, strict regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
