Are you planning to invest your money? The reason is the generation of wealth and earning huge profits? A lot of investors are moving to invest in the forex market with the motive of earning higher yields and getting rich. Little did they know that the market is filled with scam brokers along with legit ones. It is difficult to recognize the true intention of the forex broker and whether it is a scam forex broker. To help the investors in this situation, Scam Victims Help offer you the review of the brokers to gain an insight into the working of the broker and choosing the perfect investment partner.
Have a look at the DV Markets review, and know about the broker in detail. DV Markets has received several complaints from their investors and clients. It has also been warned by the number of online review platforms to create awareness among the investors regarding the DV Markets scam.
DV Markets Review-
DV Markets was established in 2008 with their office in Australia. It is a forex broker claiming to offer the forex trading services such as CFDs in indexes, commodities, and currencies, gold, and silver for the personal investment of the investors. Talking about the regulation status, the DV Markets claims to be registered by one of the most popular and reliable financial regulators, the Australian Securities and Investments Commission (ASIC). However, being registered with the legit financial authority does not always necessarily mean that the broker is running a legit business of trading and is not involved in some suspicious activities. The DV markets choose to offer the investors the most popular and widely used MT4 trading platform.
Spreads and Leverage –
The spreads offered by the broker are not mentioned on their website. This creates a sense of doubt in the mind of investors as to believe in this broker or not. However, the unclear and incomplete information is a major red flag that should be kept in mind before moving forward with DV Markets. The leverage presented by the DV Markets is up to 1:400. This may go with the traders of all levels and preferences but still not suit some of the users.
Minimum Deposit –
There is no minimum deposit requirement stated by the DV Markets. The investor can register with a little amount as per his choice. However, the minimum deposits are kept at $200 by the brokers generally operating in the market. Again, the no minimum deposit requirement leads to confusion among the traders.
DV Markets Reviews and Complaints –
Several complaints have been filed by the investors stating the unprofessional working of the broker. This states that the broker is unreliable and is not trustworthy. The negative ratings and reviews by the investors make it clear that the broker is not fit for the investment purpose. Some of the clients have also complained that they have not received the withdrawal amount requested by them. However, the amount has been debited from their trading account. It lies in the list of brokers who are just present in the forex market to earn a good sum by scamming the people and disappearing after a while.
Is DV Markets scam or Legit Broker?
After summarising all the above-mentioned points, it is made clear that DV Markets is a scam. Investors should look upon all the red flags and learn about the DV Markets scam in detail before investing their hard money with them. Readers are advised to search for a legitimate broker that understands you and guides you in the profit earnings.
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