Score

1.22 /10
Danger

Discover

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.80

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

Broker Information

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Company Name

Discover Bank

Company Abbreviation

Discover

Platform registered country and region

Japan

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-12-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

Please believe and transfer. I was told this and made a deposit, but in the end I was not able to get the loan I had promised and had to apply again.

Please don't embarrass me any further. Must guide other members in their transactions. I'm just a trader. Please understand. I did my best to cooperate and provide ideas as I needed to help. If you complete the transfer of 5 million yen within 29 days, you can apply for a loan and he will handle all the issues immediately. You should be fine on this platform as long as you follow the rules. If we cannot receive the natural gas within 29 days, we cannot help you at that time. Please comply with company rules and ensure smooth delivery of natural gas. thank you. very sorry. I explained as much as I could to the company, but the company agreed to approve 5 million yen. Currently, Mr. Kamata's account balance is $32,000 short of natural gas delivery funds, but he would like to participate in tonight's trade and make a small profit. There will be no problem if you add the rest tomorrow morning. thank you. This time, the natural gas was not delivered on time, which affected the company's credit. Therefore, this time, the company only approved the 5 million yen, but unless it completes the delivery of the natural gas and returns the current loan, it will not be able to apply for the next loan. Please understand. Please rest assured. There will be two trades this evening, and there will be a GDP data market at 10:30 pm, so it is expected that you will be able to earn 10,000 to 20,000 dollars. There will be no problem if you replenish the remaining funds tomorrow.

のり932
2024-02-28 15:29
Discover · Company summary

Note: Discover's official website: https://www.discoveripfx.com/ is currently inaccessible normally.

DiscoverReview Summary
Founded2023
Registered Country/RegionJapan
RegulationNo regulation
Market InstrumentsForexCommoditiesIndicesOptions
Demo Account
LeverageUp to 1:400
Spread/
Trading PlatformDiscover FX
Min Deposit/
Customer SupportPhone: +81 04-2000-2818

Discover Information

Discover is a broker incorporated in Japan in 2023, offering Forex, Commodities, Indices, Options to traders, and providing its own trading platform Discover FX. In addition, it says it offers low spreads and supports fee waivers. As of now, Discover is unregulated and contains too little information.

Overview of Discover

Is Discover Legit?

Discover is currently unregulated and its website is inaccessible.

Is Discover Legit?

Pros and Cons

ProsCons
Low spreadsServe Japanese traders only
Fee-free tradingNo regulatory authorization from NFA
Trading platform is compatible with various devicesLimited educational resources
Limited research tools

Market Instruments

Discover offers a wide array of trading assets accessible through a single account. These include commodities, forex, indices, and options, among others.

Market Instruments
Tradable Instruments Supported
Forex
Commodities
Indices
Options
Stocks
Bonds
ETF

Leverage

Discover JFX offers a maximum leverage of 1:400 on major currency pairs, which means that you can control up to $400,000 for every $1,000 you deposit. This can be a great way to amplify your profits, but it is also important to remember that it can also amplify your losses. For example, if you lose 1% of your account balance with a leverage of 1:400, you will lose 40% of your deposit.

Discover Fees

Discover says it offers a low-spread and fee-free environment for forex trading. It does not charge any fees for foreign exchange transactions.

Spreads & Commissions
Spreads & Commissions

Trading Platform

Discover offers Discover FX Trading platform across various operating systems, including iOS, Android, and Mac.

Trading Platform
Trading PlatformSupported Available Devices Suitable for
Discover FXDesktop, MobileAll traders
MT4
MT5

Trading Platform

Customer Support

Discover offers customer support primarily through phone contact, with the company's phone number listed as +81 04-2000-2818.

Customer Support

User Reviews

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User comment

3

Comments

Write a review

HongLON
more than one year
I was new to the platform and needed to connect my Meta trader to my forex account. Customer service helped me step by step in doing so.
I was new to the platform and needed to connect my Meta trader to my forex account. Customer service helped me step by step in doing so.
Translate to English
2024-07-09 18:19
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0
0
Laterbit
more than one year
Their response is timely when you have an issue. Though I have a problem with the payment method set for instance when you deposit using PayPal you can't withdraw the funds to mpesa. Ensure flexibility in withdrawal of funds, one should be able to withdraw funds using payment method of their choice regardless of which payment method they used to deposit.
Their response is timely when you have an issue. Though I have a problem with the payment method set for instance when you deposit using PayPal you can't withdraw the funds to mpesa. Ensure flexibility in withdrawal of funds, one should be able to withdraw funds using payment method of their choice regardless of which payment method they used to deposit.
Translate to English
2024-07-03 18:49
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0
0
1