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Is DMA Capitals a trustable firm to deal with?
Charles Hewitt
Kazakhstan
2023-06-14
ANSWER DMA Capitals is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.DMA Capitals claims to be the trading name of DMA Capitals LLC., a company supposedly registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under company number 1400 LLC 2021. However, our search for this company in the SVG FSA register didn't yield any results. This means what DMA Capitals claims on its regulatory status is a lie in an attempt to deceive unsuspecting investors. Furthermore, the SVG FSA has explicitly stated that it neither issues forex licenses nor regulates entities involved in such activities.Regarding your question, DMA Capitals is an untrustworthy trading platform due to its status as an unlicensed broker. If dealing with this broker, investors will expose themselves to significant risks susch as financial losses and identity theft, as there are no rules in place to safeguard them. Therefore, to avoid such risks, we strongly suggest investors stay away from unlicensed brokers like DMA Capitals and opt for fully regulated ones.
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