Home » DTM-Trading.asia Review – Illegal Scam Broker

DTM-Trading.asia Review – Illegal Scam Broker

DTM-Trading.asia Review - Illegal Scam Broker

DTM-Trading.asia is an illegitimate forex broker that does not even supply customers with legitimate information. But apparently, since they assertively claim to be an EU controlled organisation, it’s not a concern for them. There is in truth, virtually no details to be found regarding this Forex trader, which is a compelling reason to stay away from it. But in the final DTM-Trading.asia analysis, there are so much more troubling details we were able to find that we are looking forward to sharing with you.

DTM-Trading.asia Review - Illegal Scam Broker
Income Mentor Box

DTM-Trading.asia FUNDS Supervision AND Protection

DTM-Trading.asia is an anonymous creature of FX that has no authorization and is not allowed to market financial goods and services in any way. They provide a location in Singapore, but there are no findings from our research in the MAS (Singapore Financial Authority) Registry. This just suggests that DTM-Trading.asia is an unofficial broker for Forex.

What is most alarming, though, is its dual- Elite Exchange FX, which is 99 percent similar to DTM-Trading.asia, confirming that DTM-Trading.asia is a fraud website. At the bottom of this segment, you will see the similarity. If you make a payment to DTM-Trading.asia, your funds are not secure because it’s not even a brokerage, just a cheap website that takes the scammers practically nothing to create! If they message you, stop DTM-Trading.asia and instantly record it!

Forget regarding DTM-Trading.asia and begin dealing with brokers controlled by CySEC (EU) or FCA (UK), who are shockingly not the leading retail Forex firms. The security of consumers is placed at the forefront of their task list, as that is what regulation is all about. Forex brokers must comply with many stringent rules and regulations in these regions, such as minimum capital criteria of EUR 730 000, staff qualification levels, customer account segregation, etc.

Although most notably, money security systems are in place, such as the ICF in Cyprus and the FSCS in the United Kingdom, which guarantee traders’ deposits. You will demand up to EUR 20 000 in reimbursement per customer under CySEC(Cyprus) supervision, whereas you are promised up to GBP 85 000 per customer in the UK under the FCA. In the event of a Forex broker failing to satisfy its financial obligations, each EU Member State is compelled to establish and further manage equivalent insurance funds, which are perceived to be the last resort for traders.

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DTM-Trading.asia Platform

DTM-Trading.asia appears to sell its consumers MetaTrader4, but that’s not real, because they are obviously seeking to take advantage of the reputation of MT. A standardised delivery is all you can download from their page, indicating that DTM-Trading.asia has no Metatrader authorization!

The inference is that DTM-Trading.asia, also a web-based one, would not provide traders with any usable forum. In addition, we built an account, but since DTM-Trading.asia still has not given us an email confirmation, we do not obtain entry, which is an odd situation, though. Typically, identical scam brokers immediately submit the connection and also start calling for deposits from the individuals who have just completed the registration!

The spread is said to start at 0.1 pips, but that assertion can not be proven as true. The spread constitutes part or all of the trading costs, because to open a position, it’s the amount the dealer needs to bid. The lower spreads favour the consumers and raise the opportunity for sales.

The highest potential leverage ratio is 1:500, but we can’t prove that it’s accurate either. The other basic factor is leverage, and it really renders retail trading feasible. The leverage helps participants to expand the size of their positions, but the chance of failure escalates at the same time. This reality alone has put a leverage limit on the sector for the EU, UK and Australia (from 2021)-1:30 as a consumer security mechanism. On 1:50, Canada and the US accepted, and we do not suggest that traders should aim for improved leverage brokers because they end up getting scammed easily.

Since MT is the best retail FX platform in the sector, the best ones to trade with are the controlled MetaTrader4 and MetaTrader5 Forex brokers. It is secure and efficient, but it also contains certain specialised instruments that traders can hardly find for free anywhere. We’re talking about expert advisors, electronic trading, dynamic metrics, strategy checking and even the Metatrader marketplace generated where traders will find even more trading instruments produced by third parties to incorporate in the strategy.

DTM-Trading.asia Approaches AND Payments OF DEPOSIT/WITHDRAW

The minimum initial deposit is stated to be $1, however DTM-Trading.asia is not a broker to deal with, as has already been reported. Needless to mention, with only a tiny reserve, traders will not make any money. However the market norm is $100 on average, since most traders would not ask consumers to start dealing for more. But in fact, we have seen them say on other areas of their website that the minimum deposit they would take is $10 and $100, which is a difference in details and yet another red flag to remember.

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A variety of financing options are approved by DTM-Trading.asia: credit/debit cards, wire transfers, crypto wallets and digital solutions. Even, we do not guarantee that any of these ways of payment are eligible for making a deposit.

Uh, alert! Terms and Conditions, User Agreement or other paper that would serve like a contract between the parties are not even presented by DTM-Trading.asia! This point not only suggests that DTM-Trading.asia is an illegitimate organisation, it also means that it is ignorant of the requirements related to trading with them. As a consequence, whether there are any, we have no knowledge about minimum withdrawal conditions, inactive account plans, penalties, or incentives. We will provide a brief description below of the above-mentioned circumstances.

Many legal brokers typically do not limit traders to the sum they may withdraw, meaning traders can withdraw as much cash as they want.

The policy of the dormant account is a series of guidelines that specify how brokers treat the inactive accounts-no access, no trading. Legit brokers will normally charge a maximum monthly administrative fee of USD 5 to 10, however the scammers will add unfair provisions to pillage the account and pocket the balance left.

One of the scammers’ favourite selling devices is the bonus. We have to make it explicit that incentives are not free cash, but an instrument of control that further raises the risk. As if that’s not enough the scammers would even bind the incentives with different terms and conditions that lock the funds into the account easily, rendering it difficult to withdraw from the dealers. A minimum selling volume that is almost impossible to achieve would apply, and once they accept a bonus from the broker, the traders might consider their money wasted!

DTM-Trading.asia is a Glorified fraud!

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