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DynastyFx Global

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Operating status: SCAM

Website: https://www.dynastyfxglobal.com/

Broker violations and abnormal records
  • 2023-09-03 The UK FCA issues a warning against DynastyFx Global

    On September 4, 2023, the Financial Conduct Authority (FCA) issued a warning against DynastyFx Global, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/dynastyfx-global

    On September 4, 2023, the Financial Conduct Authority (FCA) issued a warning against DynastyFx Global, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/dynastyfx-global
  • 2023-09-04 BrokersView has reviewed that DynastyFx Global is an unregulated broker

    In an attempt to appear legitimate, DynastyFx Global falsely claims to be regulated by several financial regulators, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (Cyprus SEC), and the Financial Sector Conduct Authority (FSCA). It is critical to note there are no indications that it is registered with the abovementioned regulatory bodies. And the FCA issues a warning against DynastyFx Global to caution the public of this unauthorized firm.

    While DynastyFx Global claims to be registered in the US, we have been unable to find any records suggesting that it is registered as a member of the National Futures Association (NFA). Therefore, it is not licensed in this jurisdiction.

    In essence, DynastyFx Global is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    DynastyFx Global is unequivocally a scam.

    In an attempt to appear legitimate, DynastyFx Global falsely claims to be regulated by several financial regulators, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (Cyprus SEC), and the Financial Sector Conduct Authority (FSCA). It is critical to note there are no indications that it is registered with the abovementioned regulatory bodies. And the FCA issues a warning against DynastyFx Global to caution the public of this unauthorized firm.While DynastyFx Global claims to be registered in the US, we have been unable to find any records suggesting that it is registered as a member of the National Futures Association (NFA). Therefore, it is not licensed in this jurisdiction.In essence, DynastyFx Global is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. DynastyFx Global is unequivocally a scam.

Related Complaints

Q&A

What currency pairs can I trade with DynastyFx Global?

Philemen
Portugal
2023-10-12
ANSWER DynastyFx Global is an unlicensed platform and thus we strongly suggest you avoid it, regardless of how enticing deals it offers.DynastyFx Global pretends to be a legitimate broker by claiming to have the licenses from various financial regulators, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA). However, there is no evidence that it has any registration with these authorities. In fact, the FCA has issued a warning against DynastyFx Global to alert the public of this unauthorised firm. The full FCA warning can be accessed here.DynastyFx Global also asserts that it has a US registration. In the US, forex brokers must be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). But our search for DynastyFx Global on NFA website didn't yield any matching results. Hence, it does not have a license in this country.In short, DynastyFx Global has no regulation from any entity. Investing with this broker is very risky, as there are no legal safeguards to protect the funds. DynastyFx Global is clearly a scam that investors should stay away from. To mitigate the risks of fraud and identity theft, it is advisable to choose a fully regulated broker instead.
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