WikiFX Review: What you should know about DynamicsFX Trade

With the rise of the Internet, the foreign exchange market has leapt to become the most liquid and traded financial market in the world. With this, a large number of different kinds of foreign exchange transactions have emerged, so how should investors choose among the many Forex brokers？Today I want to talk to you about DynamicsFX Trade and analyze whether this forex broker is trustworthy.

To find out if a foreign exchange dealer is trustworthy, check first that it is registered and authorized with a local financial institution.

We can see from figures above that the query result is quite negative -there is no related information about DynamicsFX Trade . As a legit brokerage to provide financial products and services in England, it should be licensed by Financial Conduct Authority(FCA). Conversely, not having a license means that all of your financial activities with this forex broker will not be protected.

To get a better idea of DynamicsFX Trade, WikiFX also paid a visit to its official website. But we found something strange.

Foremost, the minimum deposit for the available account types is insanely high! The minimum deposit with DynamicsFX Trade is $1000, its ten as high as the industry standard of $100. Not to mention that many brokers are now accepting clients for as little as $5, which turns DynamicsFX Trade into an expensive brokerage! With such a high minimum deposit, but there are no withdrawal terms on its website. We may venture to say that this is not normal, investors probably fail to withdraw their money back in the end!

In addition, DynamicsFX Trade does not have trading software. The website doesnt even mention this basic cryptocurrency trading tool, and in the dashboard WikiFX only sees simple charts with current asset prices that have no trading functionality. This is a red flag, actually, as legit brokers will always allow customers to register, open a demo account and test the trading software before a deposit.

Now let's search “DynamicsFX Trade” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/2875967800.html), DynamicsFX Trade has no valid regulatory license and the score is rather negative - only 1.31/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

In short, it's not wise to invest DynamicsFX Trade. We recommend avoiding brokerage firms like DynamicsFX Trade and choosing a legitimate brokerage instead. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!