Regarding the legitimacy of DT Market forex brokers, it provides FCA, CYSEC, CIMA and WikiBit, (also has a graphic survey regarding security).
Is DT Market safe?
Rating Index
Pros
Offers a range of trading options including forex, cryptocurrencies, stocks, and commodities.
Provides both live and demo trading accounts, allowing traders to practice without risk.
Utilizes the popular MetaTrader 4 (MT4) platform, which is favored by many traders for its features and flexibility.
Cons
Appears to be a clone firm, raising significant concerns about its legitimacy and regulatory compliance.
Extremely high leverage of 1:500 carries substantial risks, especially for inexperienced traders.
Wide spreads and potential hidden commissions can erode profits, making trading less cost-effective.
Is DT Market markets regulated?
The regulatory license is the strongest proof.
FCA Market Maker (MM)
Financial Conduct Authority
Financial Conduct Authority
Current Status:
Clone FirmLicense Type:
Market Maker (MM)
Licensed Entity:
HYCM CAPITAL MARKETS (UK) LIMITED
Effective Date:
2001-12-01Email Address of Licensed Institution:
compliance@hycm.com， katerina.oikonomou@uk.hycm.comSharing Status:
No SharingWebsite of Licensed Institution:
www.hycm.co.ukExpiration Time:
--Address of Licensed Institution:
St Clement’s House 27-28 Clement’s Lane London EC4N 7AE UNITED KINGDOMPhone Number of Licensed Institution:
+442039067347Licensed Institution Certified Documents:
CYSEC Straight Through Processing (STP)
Cyprus Securities and Exchange Commission
Cyprus Securities and Exchange Commission
Current Status:
Clone FirmLicense Type:
Straight Through Processing (STP)
Licensed Entity:
Effective Date:
2014-11-26Email Address of Licensed Institution:
info@hycm.comSharing Status:
No SharingWebsite of Licensed Institution:
http://www.henyep.com， www.hycm.eu， www.help.hycm.comExpiration Time:
--Address of Licensed Institution:
2 Filiou Zannetou Str., Ground Floor, Office 1, CY-3021, LimassolPhone Number of Licensed Institution:
+357 25 245 750Licensed Institution Certified Documents:
CIMA Common Financial Service License
Cayman Islands Monetary Authority
Cayman Islands Monetary Authority
Current Status:
Clone FirmLicense Type:
Common Financial Service License
Licensed Entity:
Effective Date:
2018-05-17Email Address of Licensed Institution:
--Sharing Status:
No SharingWebsite of Licensed Institution:
--Expiration Time:
--Address of Licensed Institution:
--Phone Number of Licensed Institution:
--Licensed Institution Certified Documents:
DT Market Similar Brokers Safe
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
DT Market latest industry rating score is 1.56, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.56 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.