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DBFX

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Operating status: SCAM

Website: https://www.dbfx.trade/

Broker violations and abnormal records
  • 2023-01-11 BrokersView has found that DBFX is not working

    BrokersView found the domain "https://www.dbfx.trade/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.dbfx.trade/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

I'm wondering whether DBFX is regulated or not?

MD
New Caledonia
2022-08-23
ANSWER DBFX claims to be a brand name of DBFX LIMITED, a Vanuatu-based firm regulated by the Vanuatu Financial Services Commission (VFSC) under license number 40133. We indeed find a match result to DBFX LIMITED in VFSC.But please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of DBFX LIMITED. We would recommend exercising caution when dealing with VFSC- regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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