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DSOFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://m.dso-fx.com/register/, about the company's legal and temporary regulatory information, the company's address 8 Financial Street, Central, Hong Kong Island.

DSOFX Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
DSOFX Global Markets (U.K.) Limited
Abbreviation
DSOFX
Company employee
--
Customer Service Email Address
DSOFXH@gmail.com
Contact Number
+852 6544 3498
Company Website
Company address
8 Financial Street, Central, Hong Kong Island
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

  

DSOFX Forex Broker - Complete Information Guide

  

1. Broker Overview

  DSOFX, officially known as DSOFX Global Markets (U.K.) Limited, is a forex brokerage firm that has been operational for 2 to 5 years. Headquartered in Hong Kong, specifically at 8 Financial Street, Central, Hong Kong Island, DSOFX operates as a private entity. The broker primarily serves retail clients in the forex trading market, providing various trading services and products.

  Since its inception, DSOFX has aimed to cater to a diverse clientele, including novice and experienced traders looking to engage in forex trading. The firm has established itself in the competitive forex landscape, focusing on providing a user-friendly trading environment. While specific milestones in its development are not extensively documented, the firms growth trajectory indicates a commitment to enhancing its trading services and client support.

  As a retail forex broker, DSOFX operates under a model that emphasizes direct access to the forex market for individual traders. The broker offers a variety of trading instruments, including currency pairs and CFDs, allowing clients to diversify their trading portfolios.

  

2. Regulatory and Compliance Information

  DSOFX currently operates without any valid regulatory oversight, which poses significant risks for potential investors. The absence of regulation means that there are no governing bodies ensuring compliance with financial standards or protecting client funds. This lack of regulation is a critical factor for traders to consider when evaluating the safety and credibility of the DSOFX broker.

  There are no known regulatory licenses associated with DSOFX, and the firm does not provide any information regarding its compliance with financial authorities. Consequently, clients should be aware that their funds may not be protected under any investor compensation schemes. Furthermore, DSOFX has not disclosed any KYC (Know Your Customer) or AML (Anti-Money Laundering) compliance measures, which raises concerns about the security of client information and funds.

  In summary, the lack of regulatory oversight and compliance measures significantly increases the risk associated with trading through DSOFX. Potential clients are strongly advised to conduct thorough research and consider the implications of trading with an unregulated broker.

  

3. Trading Products and Services

  DSOFX offers a range of trading products, primarily focusing on forex currency pairs. The broker provides access to a selection of major, minor, and exotic currency pairs, catering to various trading strategies. The exact number of currency pairs available is not specified, but it includes popular options that traders commonly engage with.

  In addition to forex trading, DSOFX also offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. This diverse product offering allows traders to explore different markets and capitalize on various trading opportunities.

  The broker frequently updates its product offerings to meet the evolving needs of its clients. However, specific details regarding the frequency of product updates or the introduction of new trading instruments have not been disclosed.

  DSOFX primarily targets retail traders, providing them with essential trading tools and resources. The firm does not explicitly mention services for institutional clients or offer white-label solutions, indicating a focus on individual traders rather than larger financial entities.

  

4. Trading Platforms and Technology

  DSOFX supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are favored for their user-friendly interface and robust trading features. These platforms provide traders with advanced charting tools, technical indicators, and automated trading capabilities, enhancing the overall trading experience.

  In addition to MT4 and MT5, DSOFX has developed its proprietary trading platform, although specific details about its features and functionalities are not extensively documented. The broker also offers a web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation.

  Mobile trading is supported through applications available for both iOS and Android devices, ensuring that traders can manage their accounts and execute trades on the go.

  The execution model employed by DSOFX remains unspecified, leaving potential clients uncertain about whether the broker operates on an ECN (Electronic Communication Network), STP (Straight Through Processing), or Market Making basis. Furthermore, details regarding the broker's server locations and technological infrastructure are not provided.

  API access for automated trading is also not mentioned, which may limit the capabilities of algorithmic traders looking to implement automated strategies.

  

5. Account Types and Trading Conditions

  DSOFX offers several account types to cater to different trading needs. The standard account conditions include a minimum deposit requirement, competitive spreads, and commission structures, although specific figures are not disclosed.

  For advanced traders, DSOFX may provide specialized accounts, such as VIP or professional accounts, but detailed information about these account types is not readily available. The broker also offers a demo account option for traders who wish to practice their strategies without financial risk.

  Leverage ratios available through DSOFX are not explicitly stated, and potential clients should inquire directly with the broker for precise details. The minimum trade size and overnight fees are also unspecified, making it essential for traders to seek clarification before opening an account.

  

6. Fund Management

  DSOFX supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific details about the payment options are not provided. The minimum deposit requirements may vary by account type, and potential clients should consult the broker for exact figures.

  Deposit processing times and any associated fees are not disclosed, which could impact traders' decisions regarding fund management. Withdrawal methods and limitations are also unspecified, creating uncertainty about the ease of accessing funds.

  The withdrawal processing times and fee structures remain unclear, which is a crucial consideration for traders who prioritize timely access to their funds.

  

7. Customer Support and Educational Resources

  DSOFX offers multiple customer support channels, including phone, email, and online chat. However, specific details about the availability of support staff and operating hours are not provided. The broker's support services may cover various time zones, but confirmation is necessary.

  Multilingual support is not explicitly mentioned, which could be a limitation for non-English speaking clients.

  In terms of educational resources, DSOFX provides limited information regarding the types of materials available for traders. While the broker may offer webinars, tutorials, and market analysis services, specific details about these resources are not readily accessible.

  Trading tools, such as calculators and economic calendars, are not mentioned, which may affect the overall trading experience for clients looking for comprehensive support.

  

8. Regional Coverage and Restrictions

  DSOFX primarily serves clients in the Asia-Pacific region, with a particular focus on Hong Kong. However, the broker's geographical reach may extend to other markets, but specific details are not provided.

  The broker does not accept clients from certain countries, although the exact list of restricted regions is not disclosed. Potential clients should verify their eligibility before attempting to open an account with DSOFX.

  In conclusion, while DSOFX offers various trading products and services, the lack of regulatory oversight and comprehensive information regarding its operations raises concerns. Traders are encouraged to conduct thorough research and exercise caution when considering this broker for their trading needs.

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Latest Reviews

lovely

lovely

Hong Kong

It is a black platform whose users are all attracted by social software or honey-trap. At the beginning, it deliberately said that I could withdraw to induce me to deposit. Later they induced me to withdraw a lot and 20% of the total investment would be the best. I did not do so because after verification in many aspects, I found it was a black platform

Exposure

2021-10-05

DSOFX Forex Broker has an overall rating of 1.47, Regulatory Index 0.00, License Index 0.00, Business Index 6.66, Software Index 4.00 Risk Control Index 0.00.