DREEM CAPITAL, registered in Saint Lucia on September 1, 2023, is a forex and contract for difference (CFD) broker that primarily offers financial trading services, including forex and CFDs, to investors. The company's headquarters are unknown. The broker does not provide services to jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, and others.
Corporate Background and Regulatory Status:
DREEM CAPITAL is registered as Dreem Capital Limited with the Saint Lucia International Business Company and International Trust Registry (IFC). The company's registration type is an International Business Company, with the registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and the enterprise registration number 2023-00426. According to Whois information, the broker's official website was registered on April 2, 2022.
The broker has not disclosed regulatory information on its official website. Upon verification, it is found that the broker has not obtained authorization or effective regulation from any official financial regulatory authority. Its operations are considered illegal, and the broker intentionally conceals its unregulated status.
Account Opening:
To open an account with DREEM CAPITAL, users need to register and log in. During registration, users must provide their name, email, nationality, phone number, and set a login password. After submission, the broker sends a verification code via SMS to the user's provided phone number. Upon entering the code, users can access their personal dashboard. Full verification, including uploading identification and proof of address documents, is required before depositing funds for trading.
Account Types:
DREEM CAPITAL offers three types of real trading accounts: Standard, Premium, and VIP. Standard accounts have no trading commissions, a maximum leverage of 1:1000, and low spreads. Premium accounts also have no trading commissions, a maximum leverage of 1:1000, and smaller spreads. VIP accounts incur a $2.5 commission per standard lot, offer a maximum leverage of 1:500, and provide ultra-low spreads. The broker does not disclose information on minimum deposit amounts, trading volume ranges, position sizes, specific spread values, overnight interest, etc., for these accounts.
Trading Platform:
The broker does not explicitly state the trading platform used on its official website. Upon registering an account, it is revealed that the broker employs a proprietary trading platform.
Deposits and Withdrawals:
The broker does not clearly specify the supported methods for deposits and withdrawals on its official website.
Customer Support:
Users can only contact DREEM CAPITAL for customer support via email at support@dreemfx.com, limiting communication channels.
Summary:
Traderknows advises investors that DREEM CAPITAL is an unregulated forex broker that lacks authorization and regulation from any official financial regulatory authority. The broker's website provides unclear information regarding account types, including minimum deposit amounts, trading volume ranges, position sizes, specific spread values, overnight interest, etc. Additionally, the broker uses a proprietary trading platform and can only be contacted via email, limiting communication options. Traderknows recommends investors choose reputable platforms with valid regulation to avoid unnecessary financial losses. Currently, this broker is marked as "suspected fraud" on Traderknows.
