DZ MARKETS Forex Broker

Note: DZ MARKETS is to operate via the website - https://www.dzfx678.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No Regulation Market Instrument forex, metals, energy, indices, etc. Account Type Basic and Premium Demo Account N/A Maximum Leverage 1:500 Spread Basic: from 1.8 pips | Premium: from 1.3 pips Commission N/A Trading Platform N/A Minimum Deposit $200 Deposit & Withdrawal Method N/A DZ MARKETS is allegedly a forex broker registered in China that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 1.3 pips via 2 different live account types. As for regulation, it has been verified that DZ MARKETS currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.24/10. Please be aware of the risk. Market Instruments DZ MARKETS advertises that it offers forex, metals, energy, indices and other 50+ global financial trading products. Account Types DZ MARKETS claims to offer 2 types of trading accounts - Basic and Premium, with minimum initial capital requirements of $200 and $5,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage The leverage provided by DZ MARKETS is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads All spreads with DZ MARKETS are a floating type and scaled with the accounts offered. For example, the spread starts from 1.8 pips on the Basic account and 1.3 pips on the Premium account. Deposit & Withdrawal The minimum initial deposit requirement with DZ MARKETS is said to be $200. However, without access to its official site, we cannot say what kind of payment methods are available with the broker. Customer Support DZ MARKETS‘ customer support can be reached by email: cs@dzg168.net. You can also follow this broker on social networks such as QQ: 3009061811. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer. Pros & Cons Pros Cons • Multiple tradable products offered • No regulation • Website inaccessible • Beginner-unfriendly minimum deposit ($200) Frequently Asked Questions (FAQs) Q 1: Is DZ MARKETS regulated？ A 1: No. It has been verified that DZ MARKETS currently has no valid regulation. Q 2: What is the minimum deposit for DZ MARKETS？ A 2: The minimum initial deposit to open a Basic account is $200, while $5,000 for the Premium account. Q 3: Is DZ MARKETS a good broker for beginners？ A 3: No. DZ MARKETS is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.