dasunltd.com is a Contract for Difference (CFD) brokerage company, with its domain registration date set for June 30, 2024. This broker primarily provides trading services for various financial derivatives, including forex, precious metals, commodities, energy, stocks, and indices. It is noteworthy that the platform does not offer services to jurisdictions where it might violate local laws or regulations.
Corporate Registration and Regulatory Status
According to information disclosed on dasunltd.com's official website, the platform claims to have obtained licenses from multiple international regulatory agencies. These agencies include the Investment Industry Regulatory Organization of Canada (IIROC), the Financial Crimes Enforcement Network (FinCEN) in the United States, the National Futures Association (NFA) in the United States, the Australian Securities and Investments Commission (ASIC) (Trading Point of Financial Instruments Pty Limited), the Cyprus Securities and Exchange Commission (CySEC) (Trading Point of Financial Instruments Ltd), the Belize International Financial Services Commission (FSC) (DASUN), and the Dubai Financial Services Authority (DFSA) (Trading Point MENA Limited).
Upon verification, it was found that the Belize International Financial Services Commission (FSC), the Investment Industry Regulatory Organization of Canada (CIRO), the Financial Crimes Enforcement Network (FinCEN) in the United States, and the National Futures Association (NFA) do not have any registered companies under the name DASUN Limited. Furthermore, the company and its regulatory information mentioned on the website, as well as the website design and content, bear a striking resemblance to that of the well-known broker XM, suggesting a potential case of impersonation.
Trading Instruments
dasunltd.com offers trading services for a variety of financial derivatives, including:
- Forex: Encompasses the exchange of currencies between different countries. It is the largest financial market globally, primarily used for currency exchange and speculation.
- Precious Metals: Such as gold and silver, often used as hedges against inflation, their prices are usually affected by economic uncertainty and inflation.
- Commodities: Includes various raw materials and agricultural products such as oil, natural gas, copper, soybeans, and wheat. Their prices are influenced by supply and demand and the global economic environment.
- Energy: Encompasses oil, natural gas, and coal. These commodities are sensitive to global economic and political events, with significant price volatility.
- Stocks: Represent partial ownership in a company. Investors can earn part of the company's profits (dividends) and asset appreciation (capital gains) by purchasing stocks.
- Indices: Reflect overall market performance, such as the S&P 500 Index, Dow Jones Industrial Average, and NASDAQ Composite Index. Changes in these indices represent the general trend of the market.
Account Opening Process
The steps to open an account on dasunltd.com are as follows:
- Visit the website and click the "OPEN AN ACCOUNT" button on the homepage to go to the registration page.
- Enter your name, phone number, personal email address, set a password, then upload photos of the front and back of your ID card, and submit the application form.
- After submitting the application form, the account will be successfully registered. Users need to complete the KYC verification before they can deposit funds and start trading.
Trading Accounts
dasunltd.com offers four types of trading accounts: Micro Account, Standard Account, DASUN Ultra Low Account, and Shares Account. Below are the details of each account:
Micro Account:
- Base Currency Options: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR
- Contract Size: 1 lot = 1,000
- Maximum Leverage: 1:1000
- Negative Balance Protection: Provided
- Spreads on Major Currency Pairs: As low as 1 pip
- Commission: None
- Maximum Number of Open/Pending Orders: 300
- Minimum Trade Volume: 0.1 lot (ST5)
- Maximum Lots per Ticket: 100 lots
- Hedging: Allowed
- Swap: Applicable
- Islamic Account: Optional
- Minimum Deposit: $5
Standard Account:
- Base Currency Options: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR
- Contract Size: 1 lot = 100,000
- Maximum Leverage: 1:1000
- Negative Balance Protection: Provided
- Spreads on Major Currency Pairs: As low as 1 pip
- Commission: None
- Maximum Number of Open/Pending Orders: 300
- Minimum Trade Volume: 0.01 lot
- Maximum Lots per Ticket: 50 lots
- Hedging: Allowed
- Swap: Applicable
- Islamic Account: Optional
- Minimum Deposit: $5
DASUN Ultra Low Account:
- Base Currency Options: EUR, USD, GBP, AUD, ZAR, SGD
- Contract Size: Standard: 1 lot = 100,000; Micro: 1 lot = 1,000
- Maximum Leverage: 1:1000
- Negative Balance Protection: Provided
- Spreads on Major Currency Pairs: As low as 0.6 pips
- Commission: None
- Maximum Number of Open/Pending Orders: 300
- Minimum Trade Volume: Standard: 0.01 lot; Micro: 0.1 lot
- Maximum Lots per Ticket: Standard: 50 lots; Micro: 100 lots
- Hedging: Allowed
- Swap: Not applicable
- Islamic Account: Optional
- Minimum Deposit: $5
Shares Account:
- Base Currency Options: USD
- Contract Size: 1 share
- Leverage: No leverage
- Negative Balance Protection: Provided
- Spreads: As per stock exchange rules
- Commission: Applicable
- Maximum Number of Open/Pending Orders: 50
- Minimum Trade Volume: 1 lot
- Maximum Lots per Ticket: As per stock conditions
- Hedging: Not allowed
- Swap: Not applicable
- Islamic Account: Available
- Minimum Deposit: $10,000
Trading Platform
The official dasunltd.com website claims to offer a trading platform called Tradingwb, available for both desktop and mobile devices. However, when users attempt to download the mobile app from the website, the relevant download page on the App Store cannot be opened, and the trading software downloaded from Google Play is RCal.
Deposits and Withdrawals
The official dasunltd.com website does not clearly list its supported deposit and withdrawal methods, associated fees, or minimum deposit and withdrawal amounts.
Summary
Traderknows reminds investors that dasunltd.com is a suspicious platform that fraudulently uses information from the well-known broker XM. The contact information provided is limited to email only. Investors should choose brokers with transparent information and strict regulation to avoid unnecessary financial losses.
Currently, this platform is labeled as "Suspected Fraud" on Traderknows.
