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DFX Trading

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Operating status: SCAM

Website: https://dfx-trading.com/

Broker violations and abnormal records
  • 2024-06-18 The FCA issues a warning against DFX Trading

    On June 19, 2024, the Financial Conduct Authority (FCA) issued a warning against DFX Trading, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/dfx-tradingcom

    On June 19, 2024, the Financial Conduct Authority (FCA) issued a warning against DFX Trading, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/dfx-tradingcom
  • 2024-06-20 BrokersView has reviewed that DFX Trading is an unregulated broker

    According to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities & Investments Commission(ASIC). However, upon investigation, we found that it had copied eToro's information to mislead traders.

    It also mentions the Seychelles Financial Services Authority (FSA Seychelles) and Financial Services Regulatory Authority (FSRA), and interestingly, it copies the address of the compliant company eToro. It even puts that address at the bottom of the webpage. It is unclear whether they are too careless, haven't bothered to replace it, or deliberately left it on their page to mislead unwitting investors into believing their authenticity or suggesting an association with the genuine one. Either way, this is an apparent scam indicator.

    Moreover, it also mentions being regulated by the Financial Conduct Authority FCA, but the fact is that the Financial Conduct Authority (FCA) issued a warning against DFX Trading, believing this company might be providing financial services or products without proper authorization in the UK.

    In essence, DFX Trading is a scam.

    According to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities & Investments Commission(ASIC). However, upon investigation, we found that it had copied eToro's information to mislead traders.It also mentions the Seychelles Financial Services Authority (FSA Seychelles) and Financial Services Regulatory Authority (FSRA), and interestingly, it copies the address of the compliant company eToro. It even puts that address at the bottom of the webpage. It is unclear whether they are too careless, haven't bothered to replace it, or deliberately left it on their page to mislead unwitting investors into believing their authenticity or suggesting an association with the genuine one. Either way, this is an apparent scam indicator.Moreover, it also mentions being regulated by the Financial Conduct Authority FCA, but the fact is that the Financial Conduct Authority (FCA) issued a warning against DFX Trading, believing this company might be providing financial services or products without proper authorization in the UK.In essence, DFX Trading is a scam.

Related Complaints

Q&A

DFX Trading looks genuine. Is it reliable?

Zcloudfornight
Bahrain
2024-06-25
ANSWER No, DFX Trading is not a reliable entity. It deceives investors by copying information from a legitimate broker.Upon investigation, the regulatory information that DFX Trading claims to hold actually pertains to eToro. DFX Trading has merely copied the legitimate broker's details, substituting the company's name with its own in an attempt to appear credible and authentic. DFX Trading has nothing to do with eToro. Investors should be wary of these fraudulent practices. The UK's financial watchdog, the Financial Conduct Authority (FCA), has recognized its deceptive activities and issued a warning against DFX Trading.Consequently, DFX Trading is a fraudulent platform that investors should avoid. It is essential to scrutinize a broker's claims rather than taking them at face value.
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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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