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DNA Markets
While DNA Markets claims to be a trading name of Focus Markets Pty Ltd, a company registered with the Australian Securities and Investments Commission (ASIC) under license number 514425, our research suggests that this ASIC license holder is operating another website, focusmarkets.com, which seems to have no connection with DNA Markets. Another company DNA Markets purports to be associated with is DNA Markets Pty Ltd, supposedly an authorized representative of Focus Markets Pty Ltd. However, the ASIC provides minimal information about this authorized representative, making it unclear if DNA Markets and the site dnamarkets.com are genuinely operating under the claimed authorization.
Additionally, the claim of holding a registration in St. Vincent and the Grenadines also lacks evidence. We also would like to note that this jurisdiction has announced that forex trading brokerage activities are not licensed there.
In essence, DNA Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
DNA Markets appears to be a scam.
While DNA Markets claims to be a trading name of Focus Markets Pty Ltd, a company registered with the Australian Securities and Investments Commission (ASIC) under license number 514425, our research suggests that this ASIC license holder is operating another website, focusmarkets.com, which seems to have no connection with DNA Markets. Another company DNA Markets purports to be associated with is DNA Markets Pty Ltd, supposedly an authorized representative of Focus Markets Pty Ltd. However, the ASIC provides minimal information about this authorized representative, making it unclear if DNA Markets and the site dnamarkets.com are genuinely operating under the claimed authorization.Additionally, the claim of holding a registration in St. Vincent and the Grenadines also lacks evidence. We also would like to note that this jurisdiction has announced that forex trading brokerage activities are not licensed there.In essence, DNA Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.DNA Markets appears to be a scam.
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