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No Regulation
Score
1.05 /10
Danger
DKM Markets
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index3.48
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-20
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
DKM Markets Information
DKM Markets, registered on Jun 25, 2024, is an online forex and CFD broker offering trading in various assets like commodities, stocks, indices, and more through its DKM Markets App. They offer three account types with zero commissions across the board, a demo account, and high leverage up to 1:100. However, a major drawback lies in its lack of regulatory oversight. Besides, it is limited regarding information on deposit and withdrawal fees and customer support methods.
Pros and Cons
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Is DKM Markets Legit?
There is no regulatory body to oversee DKM Markets's operation. Such absence of rules places investors at a higher risk, given that no institution exists to monitor. The domain dkmmarketsltd.com was registered on Jun 25, 2024, on Whois, but it is currently in a status where the owner has prohibited domain transfers.
What Can I Trade on DKM Markets?
DKM Markets offers 500+ trading instruments for its clients, including forex, commodities, stock, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Indices | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Metals | ❌ |
Account Type
DKM Markets offers three types of accounts: Cent, Pro, and Premium. They also offer a Demo Account for inexperienced beginners to try out for free. The Cent account is ideal for beginners or those with smaller trading capital, allowing for trades in cents and swap-free transactions. The Pro account offers low spreads, suitable for traders seeking tighter spreads. All three account types share a 1:100 leverage ratio and swap free.
| Account Type | Key Features |
| Cent | Trade in cents, zero commissions, swap free |
| Pro | Low spreads, 1:100 leverage, zero commissions |
| Premium | Zero commissions, 1:100 leverage |
DKM Markets Fees
DKM Markets offers three account types, all providing a leverage of 1:100. While the Cent account trades in cents, the Pro account is distinguished by its low spreads. Importantly, all account types are swap-free and zero-commissions.
| Account Type | Leverage | Spreads | Swap | Commissions |
| Cent | 1:100 | NA | Swap free | Zero commissions |
| Pro | 1:100 | Low spreads | Swap free | Zero commissions |
| Premium | 1:100 | NA | Swap free | Zero commissions |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| DKM Markets App | ✔ | Mobile (Android and IOS) | Investors of all experience levels |
| MT5 | ❌ | PC and Mobile | Investors of all experience levels |
Customer Service
You can reach out to DKM Markets mainly by email at support@blforex.com.
| Contact Options | Details |
| Phone | NA |
| support@blforex.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | 27+ |
| Website Language | English |
| Physical Address | One World Trade Center 285 Fulton St 77th Floor, New York, NY 10007 United States |
The Bottom Line
DKM Markets is an unregulated online broker offering multiple assets and high leverage up to 1:100 with zero commissions across all accounts. However, the lack of regulation and limited information on non-trading fees are concerns for its clients, especially for risk-averse investors. Therefore, DKM Markets is best suited for experienced traders comfortable with a higher degree of risk.
FAQs
Is DKM Markets safe?
No, it is unregulated.
Is DKM Markets good for beginners?
No. Due to its lack of regulation, it is considered riskier for those new to trading. Additionally, limited information on deposit and withdrawal fees, as well as customer support methods, will pose challenges for beginners.
Is DKM Markets good for day trading?
DKM Markets could be suitable for day trading due to its high leverage and low spreads, but the lack of regulation remains a major concern. Consider regulated platforms with robust security measures for day trading.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure to understand the risks involved and notice that the information above provided in this review may be subject to alteration.
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