Score

1.48 /10
Danger

DBFX

Vanuatu

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.74

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

DBFX LIMITED.

Company Abbreviation

DBFX

Platform registered country and region

Vanuatu

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 40133) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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DBFX · Company summary

General Information & Regulation

DBFX is a Vanuatu registered online forex and CFD broker, established in 2011, currently holds a retail forex license from the Vanuatu VFSC, regulatory number: 40133, while the CySEC license it holds in Cyprus is suspected to be fraudulent. Generally speaking, offshore regulators are not stringent about forex brokers, as investors should still take care to use the platform with caution.

DBFX Market Instruments

Tradable financial instruments aviailable on the DBFX platform include Forex currency pairs, commodities, indices, stocks, and CFDs. Some traders may hold that popular crypto currencies trading is not available.

DBFX Minimum Deposit

DBFX offers seven types of trading accounts: Basic ($200 - $1,999 deposit), Discovery ($2,000 - $4,999), Silver ($5,000 - $9,999), Gold ($10,000 - 14,999), Premium account ($15,000 - $29,999), VIP account ($30,000 - $49,999) and VIP+ account ($50,000+). Objectively speaking, the amount required to open each account set by DBFX is slightly higher and investors should be aware of the risks involved.

DBFX Leverage

DBFX offers different trading leverage for beginners and professional traders. The maximum trading leverage for beginners is up to 1:100,while for the professional traders, they can apply for the higher leverage level of up to 1:200. See the table below for details of their default leverage and the leverage available to novice and professional traders:

Products Default Beginner Professional
Forex 1:50 1:100 1:200
Commodities 4% 2% 1%
Index 4% 2% 1%
Stocks 10% 5% 2.5%
Cryptocurrency 100% 50% 20%

DBFX Spreads

The DBFX website displays real-time price information on currency pair spreads and also provides SWAP rates, 0.015% of overnight exposure for FX, commodities, indices, stocks, and ETFs, and 0.05% of overnight exposure for cryptocurrencies.

DBFX Trading Platforms

DBFX says it offers investors a choice of four trading platforms: online, social, mobile, and MT4.

DBFX Trading Tools

Apart from MT4 trading platform, DBFX also provides some useful trading tools for traders to adapt to their trading environment, including forex trading singnals, US stock Analysis, and more.

DBFX Deposit & Withdrawal

DBFX supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MasterCard, Maestro, America Express, Paypal, SOFORT, Paysafecard, Neteller, Skrill, and so on.

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DBFX Customer Support

DBFX provides traders with some contact methods, including email, telephone, as well as some social media platforms, like Facebook, Linkedin, Twitter, Instagram, Printerest, and more.

User Reviews

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User comment

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Comments

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木火通明
more than one year
I made a withdrawal within 24 hours and the funds have not reflected in my bank account yet it has been withdrawn from my account. Why can’t make withdrawal transactions as efficient and quick as deposits?
I made a withdrawal within 24 hours and the funds have not reflected in my bank account yet it has been withdrawn from my account. Why can’t make withdrawal transactions as efficient and quick as deposits?
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2022-11-24 16:01
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梦想2252
more than one year
Never never never gonna believe in any offshore broker! They are actually under no valid regulation, so they can do whatever they want: scamming you, robbing your money, blocking your account, so shameless. I lost $1120 on this platform, never so speechless…
Never never never gonna believe in any offshore broker! They are actually under no valid regulation, so they can do whatever they want: scamming you, robbing your money, blocking your account, so shameless. I lost $1120 on this platform, never so speechless…
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2022-11-24 11:23
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