Overview of DVBFX
DVBFX broker operates as a financial platform that provides trading services to clients. The broker claims to be situated in Australia. DVBFX offers a variety of market instruments, including spot forex, indices, commodities, and cryptocurrencies. They facilitate trading activities through the utilization of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, offering traders a familiar and potentially versatile environment to execute their strategies. It's important to approach these claims with due diligence, as concerns have been raised regarding the broker's regulatory status, use of customer support channels, and reported issues with counterfeit trading software.
Is DVBFX regulated？
DVBFX broker's regulatory status raises significant concerns and red flags, warranting caution for potential investors. The broker claims to be regulated by both the Australian Securities and Investments Commission (ASIC) and the Japanese Financial Services Agency (FSA), but upon closer examination, these licenses appear to be suspicious and potentially cloned. The ASIC license number (406684) attributed to DVBFX has been verified as belonging to a clone firm, suggesting that the broker may be attempting to deceive traders by posing as a legitimate entity.
Similarly, the Japanese FSA license (license number: 1622) claimed by the broker is under suspicion of being a clone, further raising doubts about the broker's credibility. Additionally, the accumulation of negative field survey reviews, combined with the other warning signs, suggests a pattern of potentially fraudulent behavior and scam activities. Given the documented history of deceptive practices and regulatory suspicions, it is strongly recommended that investors exercise extreme caution and refrain from engaging with DVBFX until their regulatory status is genuinely verified and their practices are transparently addressed.
Pros and Cons
There are some advantages when it comes to trading with DVBFX. DVBFX broker presents a diverse range of tradable assets, encompassing spot forex, indices, commodities, and cryptocurrencies, allowing traders to explore various markets. The inclusion of both QQ messaging and email support offers multiple avenues for customer assistance, catering to different communication preferences.
Despite these advantages, DVBFX lacks educational resources, depriving traders of valuable learning tools. The suspicion surrounding the claimed ASIC regulation due to the possibility of being a clone firm raises concerns about the broker's authenticity. The utilization of QQ messaging, primarily used by Chinese users, as a customer service channel contrasts with the broker's claimed Australian and Japanese origins, raising further credibility questions. Moreover, the reported use of counterfeit trading software tarnishes the broker's integrity and potentially exposes traders to risks. The inaccessibility of the broker's website significantly limits access to crucial information, hindering traders' ability to make informed decisions.
Market Instruments
DVBFX offers a diverse range of tradable assets, catering to the preferences and strategies of various traders. Among its offerings, spot forex trading takes center stage, allowing traders to engage in the dynamic world of foreign exchange. Currency pairs from major to exotic are available, offering opportunities to speculate on the fluctuations of global currencies and capitalize on market movements.
In addition to forex, DVBFX extends its trading repertoire to encompass indices, commodities, and cryptocurrencies. Indices provide exposure to the performance of specific markets, enabling traders to speculate on broader economic trends. The inclusion of commodities, such as precious metals and energy resources, offers a chance to diversify portfolios and benefit from shifts in global supply and demand dynamics. Moreover, DVBFX embraces the emerging realm of cryptocurrencies, allowing traders to trade digital assets like Bitcoin and Ethereum.
How to open an account in DVBFX？
As the official website is currently inaccessible, the provided guide is only to be used as a general reference. To open an account with DVBFX broker, follow these 5 simple steps:
Go to the DVBFX broker's official website.
Locate the 'Open Account' or 'Sign Up' button on the website's homepage and click on it.
Provide your personal details such as name, email address, and phone number in the online registration form.
Upload the necessary identification documents, which may include a copy of your passport or driver's license, and proof of address.
Select your preferred trading account type and deposit funds into your account to start trading.
Complete the verification process by following the instructions sent to your email. Once verified, you can log in and begin trading on the DVBFX platform.
Trading PlatformDVBFX broker initially appears to offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, popular choices among traders. These platforms are widely recognized and trusted within the trading community for their user-friendly interfaces and robust features. However, a closer examination reveals a concerning aspect of DVBFX's operations – the broker is reportedly utilizing a counterfeit version of the MT4/5 software.
This not only questions the broker's transparency but also raises the potential for counterfeit trading software to compromise the integrity of trades and expose traders to heightened risks. Traders should exercise caution and prioritize their security, opting for brokers that provide genuine and authorized software to ensure a trustworthy trading environment.
Customer Support
DVBFX broker offers customer support through multiple channels, including the QQ messaging platform and a dedicated customer service email address (support@dvbfx-world.com). While the availability of various communication channels is commendable, there is a noteworthy aspect that raises suspicion regarding the broker's legitimacy.
It's worth noting that the use of QQ, a platform mainly utilized by Chinese users, raises suspicions about the broker's claimed Australian and Japanese origins. This discrepancy casts doubt on the broker's legitimacy and calls for careful consideration. Traders should approach DVBFX's customer support cautiously.
Educational Resources
DVBFX broker raises further skepticism about its credibility by failing to provide any educational resources for traders. A reputable broker typically offers a range of educational materials, such as webinars, tutorials, articles, and trading guides, to empower traders with knowledge and insights for successful trading.
However, the absence of such resources on DVBFX's platform leaves traders without essential tools to navigate the markets effectively and casts doubt on the broker's commitment to its client's growth and success.
Conclusion
DVBFX broker offers a variety of trading opportunities to its clients, with a focus on a diverse range of tradable assets, including spot forex, indices, commodities, and cryptocurrencies. While they provide both QQ messaging and email support for customer assistance, the use of QQ messaging raises concerns, given its association with Chinese users and the broker's stated Australian and Japanese origins. Counterfeit trading software has also been reported, which may impact the integrity of trades. It's worth noting that their website's inaccessibility limits access to important information, contributing to the skepticism surrounding the broker's overall credibility.
FAQs
Q: What is DVBFX broker？
A: DVBFX is a broker based in Australia, operating in the financial markets for 2-5 years, offering a range of trading services.
Q: What is the regulatory status of DVBFX？
A: DVBFX claims to be regulated by the Australian Securities and Investments Commission (ASIC), but there are suspicions of it being a clone firm, and its regulatory status is not entirely verified.
Q: How is customer support of DVBFX？
A: DVBFX provides customer support through QQ messaging and an email address.
Q: What trading platform does DVBFX offer？
A: DVBFX offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, but is found to be the counterfeit version of the platform.
Q: What are the tradable assets on DVBFX？
A: DVBFX offers a variety of tradable assets, including spot forex with various currency pairs, indices, commodities, and cryptocurrencies.
