DTX MARKETS is a brokerage website suspected of fraud. Its domain name, www.dtx-markets.vip, was registered on December 20, 2023. This broker claims to offer trading services in financial derivatives like forex, stocks, futures, energy, precious metals, and cryptocurrencies.
Company Registration Information and Regulatory Status
According to publicly available information on the DTX MARKETS website, the full name of the broker is DTX MARKETS Limited. This entity claims to be regulated by the UK's Financial Conduct Authority (FCA) with license number 190941. It is also registered with the U.S. Financial Crimes Enforcement Network (FinCEN).
However, upon verification, no company named DTX MARKETS Limited was found registered on the UK Companies House or the U.S. Financial Crimes Enforcement Network (FinCEN) websites.
Additionally, the FCA website reveals that the company with license number 190941 is Spreadex Limited, not DTX MARKETS Limited.
Therefore, DTX MARKETS is essentially a fictitious entity that misuses the regulatory information of another company, making it a fraudulent website.
Trading Products
DTX MARKETS claims to offer a variety of financial derivative trading services including forex, indices, cryptocurrencies, precious metals, and crude oil.
- Forex: The forex market is the largest financial market in the world where investors profit by trading currency pairs from different countries. Exchange rate fluctuations and international economic trends significantly influence the forex market.
- Stocks: Stocks represent ownership in a company. Investors become shareholders by buying company stocks and benefit from company growth or an increase in stock prices. The stock market reflects company performance, market sentiment, and macroeconomic conditions.
- Futures: Futures are contracts to buy or sell an asset at a predetermined price on a future date. They are often used for hedging risk or speculation, involving a wide range of assets including commodities and financial instruments.
- Energy: This primarily involves the trading of energy commodities like oil and natural gas. The energy market is closely related to global supply and demand, geopolitical events, and environmental policies, leading to high price volatility. Energy futures are often used for speculation or hedging price risk.
- Precious Metals: This includes trading in gold, silver, platinum, etc., often seen as safe-haven assets, especially during times of market uncertainty. Precious metals can be traded in spot or futures markets and are commonly used for value preservation or hedging against inflation.
- Cryptocurrencies: These are digital assets based on blockchain technology, such as Bitcoin and Ethereum. The cryptocurrency market is relatively new and highly volatile, where investors profit by trading these digital currencies or considering them as long-term investment tools.
Account Opening
DTX MARKETS account opening process:
- Visit www.dtx-markets.vip and click "Register" on the homepage or at the top right corner of the page to enter the account registration page.
- Fill in your email address and set a login password as required, then submit.
- After submission, the account will be successfully registered.
Trading Account Information
DTX MARKETS has not disclosed any detailed information about trading accounts on its website, such as spreads, leverage, contract sizes, etc. The platform also does not specify account types, trading commissions, minimum and maximum trade volumes, maximum positions, or stop-loss margin levels, making it difficult to assess the fairness and reasonableness of its trading conditions.
Trading Platform and Deposits/Withdrawals
DTX MARKETS provides a self-developed trading platform, limited to the web version. The broker does not clearly state the supported deposit and withdrawal methods, fees, or minimum transaction amounts on its website.
Conclusion
Traderknows advises investors that DTX MARKETS is a financial derivatives trading brokerage with unclear company registration information and lacking effective regulation. The website can only be contacted via email, making its contact methods extremely limited.
Investors are advised to choose brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial loss.
