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Regarding the legitimacy of DBG Markets forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC,FSCA, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

Risk Control

Risk Manage

Is DBG Markets safe?

The regulatory license is the strongest proof.

MM

ASIC Market Making(MM)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    DBG MARKETS (AUSTRALIA) PTY LTD DBG MARKETS (AUSTRALIA) PTY LTD
  • Effective Date: Change Record

    2004-03-10
  • Email Address of Licensed Institution:

    compliance@dbgmarket.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    SE 14 L 11 65 YORK ST SYDNEY NSW 2000 AUSTRALIA
  • Phone Number of Licensed Institution:

    0426281215
  • Licensed Institution Certified Documents:

11 name
Retail FX

FSCA Retail Forex License

Financial Sector Conduct Authority

Financial Sector Conduct Authority

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    DBG MARKETS ZA (PTY) LTD DBG MARKETS ZA (PTY) LTD
  • Effective Date:

    2010-09-14
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    OXFORD & GLENHOVE PRECINCT 116 OXFORD ROAD MELROSE ESTATE JOHANNESBURG GAUTENG 2196
  • Phone Number of Licensed Institution:

    010 020 2176
  • Licensed Institution Certified Documents:

11 name

Is DBG Markets a scam, or is it legit?

The latest exposure and evaluation content of DBG Markets brokers.

Platform has fraudulent support
Support intentionally burns the account! The platform is completely fraudulent, please be careful, everyone.
This company is terrible. They traded on my account and reduced it from 1500 to only 200. And they also charged high spreads and high transaction fees.
Terrible rubbish, taking my money to gamble, overexposing, causing me to lose all my money, and when I want to withdraw, they ask me to trust them and charge me high fees.
Fraud
In my funds there are people who take people without their knowledge. I was cheated, can I come back?
The funds decrease instead of increasing when the short position is closed.
Today I took a short position. When the price reached 2629.25, my funds decreased from 1120 to 2628.70. This kind of situation has happened many times before, causing me to lose more than 500,000 US dollars. I didn't take a screenshot at that time, but this time I did in order to provide solid evidence. I hope the platform will compensate me. If I don't receive compensation, I will definitely report it to the police.
Withdrawing funds
The withdrawal of funds amounting to US$ 2238 was rejected and had to pay a fine for the amount of the withdrawal funds. Please disburse it so that I can be enthusiastic about trading again at DBG Markets. Thank You.
Incorrect Deposit Account Provided, Resulting in Uncredited Funds and Margin Call
On the morning of August 1st, I attempted to deposit funds into DBG Markets (DBG), but the money never credited to my account, resulting in a margin call and a loss of $1800. My account number is 7787348. Despite multiple communications, the platform refused to compensate. I have uploaded screenshots of the deposit, and after an hour of dealing with customer service who asked for various proofs, they claimed I transferred to the wrong account. Fortunately, I had saved a screenshot of the deposit information provided by the platform, which ultimately revealed that the error was due to an incorrect account number provided by them (see screenshot below). I have two accounts with DBG Markets; another account, 8201216, has been trading since August 2022 and has accumulated losses totaling $486,860. There have been previous instances of platform freezing which I initially disregarded, but now I seriously suspect that the platform uses various means to cause client losses from which they profit. I demand compensation for all my losses and advise investors to steer clear of such platforms.
I applied for a withdrawal and completed the tax transfer, but I cannot withdraw.
I applied for a withdrawal, but it was not withdrawn. I have completed the tax payment, but I have not received a reply regarding the withdrawal, so I can't contact customer service. I ask you to refund the deposit amount of 1,311,562,000.
Due to issues with the deposit channel, my account was liquidated.
From 9 AM to 12 PM, I continuously attempted to deposit funds, successfully depositing $3500 from Alipay only once. I tried to deposit again, but due to risk issues with the recipient information provided by the platform, my Alipay account was restricted for 7 days. Despite various attempts, the funds could not be deposited on time, and the account manager was unable to resolve the issue promptly. The so-called service solutions, which I tried over 15 times, were ineffective and led to the liquidation of my account. In typical scenarios, if we purchase goods or are dissatisfied with a service and suffer losses as a result, the responsible party assumes full liability or compensates for the losses. If the trading platform cannot accept this responsibility, I will file a complaint with the relevant authorities according to law and submit evidence to forex regulatory platforms to protect my rights.
DBG Markets's latest industry rating score is 7.49, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. DBG Markets If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.