Abstract:DNB Invest Group LTD is an offshore broker registered in St. Vincent and the Grenadines. This island country has turned into a true safe haven for scammers in recent years because of the fact that its local financial authority does not regulate forex brokers.
General Information
DNB Invest Group LTD is an offshore broker registered in St. Vincent and the Grenadines. This island country has turned into a true safe haven for scammers in recent years because of the fact that its local financial authority does not regulate forex brokers.
Official Website Unavailable
As of now, the website of DNB (https://dnbinvestgroup.com/) is not available. We can only find some fragmentary information on the Internet, and most of them are negative reviews.
Regulatory Risk
DNB claims to be FCA and CySEC regulated. We checked the official registers of each of these regulators, but could not find any information about such an entity.
Leverage
DNB claims to offer a leverage of 1:200 for the clients, which undoubtedly proves this broker has no FCA license. The British regulator restricted the leverage to 1:30.
Funding Methods
The funding methods are Credit/Debit cards, Wire Transfers, Paneer, Mir and Bitcoin. Traders should know its impossible to get a refund if they funded their accounts via Wires or Bitcoin.
Final Warning
The website is not available and there is no contact information. We assume that the broker DNB might be closed or run away. Please be aware of the risk!
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
The Italian financial services regulator, Consob, has taken decisive action against four new websites that were found to be illegally offering unauthorized financial services.