Score

1.46 /10
Danger

DynamicsFx Trade

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.64

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Broker Information

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Company Name

DynamicsFx Trade

Company Abbreviation

DynamicsFx Trade

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

DynamicsFx Trade · Company summary
Aspect Information
Registered Country United Kingdom
Company Name B2Trades
Regulation Not regulated
Trading Platforms Web-based platform (specific name unknown)
Tradable Assets Forex pairs, shares, indices, commodities, cryptocurrencies
Account Types Basic, Standard, Premium
Customer Support English contact number, Email support@dynamicsfxtrade.com
Payment Methods Western Union, MoneyGram, PayPal, Bitcoin (potentially)
Website Status Website down (as indicated)
Reputation Flagged as a scam by financial regulators in Europe

Overview

B2Trades, based in the United Kingdom, operates as an unregulated entity, offering a web-based trading platform with a variety of tradable assets including forex pairs, shares, indices, commodities, and cryptocurrencies. The platform provides three tiered account types: Basic, Standard, and Premium, tailored for traders with varying levels of experience. Customer support is available through an English contact number and email address. Payment methods include Western Union, MoneyGram, PayPal, and potentially Bitcoin. However, the website is currently down, and B2Trades has been flagged as a scam by financial regulators in Europe, prompting caution among potential investors.

Overview

Regulation

DynamicsFx Trade isn't regulated like other brokers, which can make it tricky to know how safe your investments are with them. It's smart to be extra careful and do some digging before jumping into any deals with them. Going with regulated brokers gives you some added peace of mind, knowing there are rules in place to help protect your investments.

Regulation

Pros and Cons

B2Trades presents several drawbacks that potential investors should consider before engaging with the platform. These cons include operating without regulation, being flagged as a scam by financial regulators in Europe, and lacking transparency regarding fund safety and trading integrity.

Pros Cons
  • None
  • Not regulated like other brokers
  • Flagged as a scam by financial regulators
  • Lack of oversight and transparency
  • Uncertain fund safety and trading integrity

Market Instruments

B2Trades offers a diverse selection of market instruments, comprising over 100 options:

Market Instruments
  1. Forex pairs

  2. Shares

  3. Indices

  4. Commodities

  5. Cryptocurrencies

Account Types

B2Trades offers three tiered trading account options, each tailored to different levels of trading experience and preferences.

  1. Basic Account:

    1. Features may be limited compared to higher-tier accounts.

    2. Likely provides essential functionalities for basic trades.

    3. Designed for novice traders or those preferring a conservative approach.

  2. Standard Account:

    1. Provides a balance between features and affordability.

    2. Offers additional tools and resources to enhance trading strategies.

    3. Geared towards traders with intermediate experience in the market.

  3. Premium Account:

    1. Includes an extensive range of features, potentially including advanced trading tools and personalized support.

    2. Targeted at advanced traders or those with a higher risk tolerance.

Deposit & Withdrawal

Deposit & Withdrawal

Deposit & Withdrawal Methods:

  • Accepted payment methods include Western Union, MoneyGram, PayPal, and potentially bitcoins.

  • Specific details such as minimum deposit requirements, deposit procedures, withdrawal processes, and associated fees are not provided.

Trading Platforms

B2Trades purportedly provides a user-friendly web-based platform for trading various financial instruments. However, specific details regarding the trading platform's name, features, and functionalities are not disclosed.

Given the importance of a reliable and feature-rich trading platform in executing trades effectively, potential investors should seek further clarification from B2Trades regarding the platform's capabilities. Exploring alternative brokers with transparent information about their trading platforms may provide investors with a better understanding of available tools and resources for trading activities.

Customer Support

Customer Support

B2Trades offers customer support primarily through an English-language contact number: +1 4405704297. Additionally, traders can reach out via email at support@dynamicsfxtrade.com. While specific details about the availability of customer support channels are limited, these contact options suggest that assistance may be accessible for traders seeking help with inquiries, account-related matters, or technical support. However, the effectiveness and responsiveness of customer support remain uncertain without further information.

Conclusion

In summary, B2Trades presents itself as an enticing option for traders with its diverse range of market instruments and tiered trading account options. However, the lack of regulation, transparency, and the absence of a functional website raise significant red flags. While the platform claims to offer customer support through a contact number and email, the effectiveness of assistance remains uncertain. Potential investors should approach B2Trades with caution and consider exploring alternatives from regulated brokers to safeguard their investments and ensure a more secure trading environment.

FAQs

Q1: Is B2Trades regulated?

A1: No, B2Trades operates without regulation, raising concerns about the safety of investments.

Q2: What market instruments does B2Trades offer?

A2: B2Trades offers a variety of instruments including forex pairs, shares, indices, commodities, and cryptocurrencies.

Q3: What are the account types available on B2Trades?

A3: B2Trades offers three tiered trading account options: Basic, Standard, and Premium, catering to different levels of trading experience.

Q4: What payment methods does B2Trades accept?

A4: B2Trades accepts payments through various channels including Western Union, MoneyGram, PayPal, and potentially bitcoins.

Q5: Does B2Trades provide customer support?

A5: B2Trades offers customer support primarily through an English-language contact number and email, although specific details about the availability of support channels are limited.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

News

ExposureWikiFX Review: What you should know about DynamicsFX Trade

DynamicsFX Trade is an illegal and unregulated forex broker, stay away from this type of broker!!!

WikiFX
2022-10-08 12:29
WikiFX Review: What you should know about DynamicsFX Trade

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