Diag EX Markets Limited is a platform that claims to offer trading services for forex, indices, commodities, cryptocurrencies, and other financial products. According to its website (https://diagexig.com), the platform is operated by EV Pro Markets Limited, and its domain was registered on March 19, 2024. However, investigations have revealed that the platform's regulatory information is inaccurate, as the Securities Commission of the Bahamas (SCB) has found no registration information for the company and has included it in its warning list.
Corporate Background and Regulatory Information of Diag EX Markets Limited:
Diag EX Markets Limited is a platform that claims to offer trading services for forex, indices, commodities, cryptocurrencies, and other financial products. According to its website (https://diagexig.com), the platform is operated by EV Pro Markets Limited, and its domain was registered on March 19, 2024. However, investigations have revealed that the platform's regulatory information is inaccurate, as the Securities Commission of the Bahamas (SCB) has found no registration information for the company and has included it in its warning list. Diag EX Markets Limited claims to be regulated by the SCB, but verification shows that the SCB has no record of this company and has placed it on its warning list. This indicates that Diag EX Markets Limited's regulatory statements are false, and investors should exercise caution when using this platform. The lack of effective regulation means the platform may not be able to adequately protect investor funds, posing significant compliance risks.
Account Registration Process of Diag EX Markets Limited:
The account registration process at Diag EX Markets Limited is relatively straightforward. Users need to fill out an application form on the website, submit identity verification documents, and complete phone number verification. Once completed, they can deposit funds and start trading. Although the registration steps are similar to those of reputable platforms, given the regulatory issues of this platform, users should think twice before submitting personal information and funds to avoid potential privacy breaches and financial losses.
Account Types of Diag EX Markets Limited:
Diag EX Markets Limited offers multiple account types, primarily showcasing the fee structure for two types of accounts on the platform:
- Lelat Account: EUR/USD average spread is 0.0-0.3 pips, with commissions starting from 7 AUD per 100,000 two-way trades.
- Standard Account: EUR/USD average spread is 1.1 pips, with no commission fees.
While these conditions seem competitive on the surface, due to the platform's lack of regulation and failure to disclose all fees and conditions in detail, investors should be wary of hidden fees or potential costs, which are common issues in the absence of transparency.
Trading Software of Diag EX Markets Limited:
Diag EX Markets Limited supports commonly used trading platforms in the industry, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These trading software are widely trusted, providing rich technical analysis tools and flexible trading functions. However, despite the advantages of the software itself, the overall legitimacy of the platform remains a concerning risk factor. Traders using these software should always be mindful of the platform's regulatory issues and fund security.
Trading Products of Diag EX Markets Limited:
Diag EX Markets Limited offers a variety of financial products for trading, including forex, index CFDs, commodities, ETF CFDs, stock CFDs, cryptocurrencies, and currency index CFDs. These products are diverse and can meet the needs of different types of investors, especially in the field of cryptocurrency trading. However, considering the platform's regulatory issues, investors should participate in trading with caution to avoid potential financial losses.
Spreads, Leverage, and Commissions of Diag EX Markets Limited:
The spreads, leverage, and commissions of Diag EX Markets Limited vary depending on the trading products and trading software. Specific information can be found on its website. Typically, forex spreads and leverage ratios are key factors influencing trading costs and risks. On a platform that does not disclose detailed regulatory information, investors need to be particularly aware of possible hidden fees and high leverage risks.
Deposit and Withdrawal Methods of Diag EX Markets Limited:
Diag EX Markets Limited supports various deposit and withdrawal methods, including Visa, MasterCard, POLi, bank transfer, BPay, PayPal, Neteller, Skrill, and China UnionPay. While the range of payment methods is extensive and convenient for global users to manage funds, the reliability and security of deposits and withdrawals still require careful evaluation in the absence of clear platform security and compliance.
Customer Support of Diag EX Markets Limited:
The platform provides an email (support@diagexus.in) as the primary customer support channel, allowing users to contact the customer service via email. No specific customer service phone number or online support is provided, which may inconvenience users when encountering urgent issues. The response speed and quality of customer support are crucial for user experience, especially when handling trading problems or fund-related matters.
Summary:
Diag EX Markets Limited exhibits significant compliance issues and a lack of transparency in multiple areas. Although it claims to offer a rich portfolio of trading products and commonly used trading platforms, the platform's regulatory information is false and it has been placed on the warning list of the Securities Commission of the Bahamas. Investors should exercise high caution when using this platform. Matters such as account fee structures and fund security should be important considerations when choosing a trading platform. Given the high risks associated with this platform, investors are advised to carefully consider investing funds with platforms that are regulated and have a good reputation.
