At first look, DBSInvesting seems like a credible investment company. They claim to have offices in the UK, Germany, and France, while also providing support for Italian customers. However, a deeper look reveals the ugly truth.
Read our comprehensive DBSInvesting review and learn why this firm should be avoided by all means.
Well, that’s a big question, isn’t it? This firm claims to have headquarters in the UK, meaning they must be duly licensed by the official authority, FCA. However, searching the register showed nothing about the DBSInvesting regulation.
All that being said, we didn’t fall for the story of six entities and a daily trading volume of over $5 billion. It’s clear that we’re dealing with a fake firm posing as legitimate.
While we’re waiting for the outcome of this investigation, we can only warn you not to invest with DBSInvesting fraud. You won’t profit; it’ll only harm your budget.
As can be concluded from the German warning, this broker is mainly targeting customers from the said country. Additionally, we found their presence in the following:
The domain dbsinvesting.com was registered in November 2022, meaning the fraud is still new. If more people report it, we believe more regulators will pay attention to it. Your report can help us spread the word!
As always, we’ve turned to information from investors. This is the best way to get the overall sentiment about a certain company.
One of the things we’ve immediately noticed is a link leading you to download AnyDesk. For those uninformed, this is a remote device access app. Once you install it and provide the numbers to the other side, they can access your desktop or a mobile device and control it.
Simply put, scam brokers can go through your online banking, crypto wallet, and all other accounts where you might have the money. What’s worse, they can transfer funds to themselves or the company without your consent. This is why you should be pretty cautious and never approve access to people you don’t trust.
While claiming to offer investment services and specialized financial advisers, the truth is that DBSInvesting is nothing but a bogus brokerage. The company advertises stocks, bonds, ETFs, CDs, and annuities while offering typical CFDs, just like Investments Global. These are as follows:
All this is information directly from the platform, so don’t be deceived by fake promises.
Another thing we’ve learned from the WebTrader platform is that the spread starts at 2 pips for the EUR/USD benchmark. The average is 1.5 pips, so this is even pricey.
Other fees are not disclosed, but we noticed that the default leverage for FX pairs is 1:200. The European limit is 1:30 as per ESMA rules, meaning this investment firm is directly violating it.
We’ll briefly go over DBSInvesting account types for anyone who might be interested. The company offers the following:
The minimum deposit is pretty standard for an investment scam, $250. As you can tell, there’s a significant jump between Basic and Bronze accounts, while the only perk you get is research and a higher bonus. Note that bonuses and other incentives are banned by most regulators, including here major European ones.
Scam brokers are often abusing them to prevent customers from withdrawals. They can request that you reach an impossible rollover within a short timeframe or deposit more money before you can request a payout. Sadly, DBSInvesting’s legal documents don’t specify anything, but it doesn’t mean their employees won’t make up the rules.
There is a DBSInvesting Demo account with $1,000. However, this is a small sum considering the leverage of 1:200. You can invest in one trade and lose everything in an instant.
While having a trial account is always a great option, working in regulated trading conditions is also necessary. Only then will you be able to assess your trading skills and understand if you can trade on your own and in which asset to invest?
Let’s take a look at the list of available payment options:
This is what the broker listed. However, once we tried depositing, we were informed that the processor was currently out of function. Hence, it means that you have to wait for the broker employees to contact you and possibly ask for your card or account information.
As per DBSInvesting withdrawal, we know virtually nothing. The company has no legal documents elaborating on it, and we have no other way to determine your options.
If you find yourself a victim of the DBSInvesting scam, it’s not the end. Our chargeback experts can evaluate your case and find a way to assist. It’s important to react promptly as the procedure is time-limited.
Global Fraud Protection is here, and we’ll gladly hear you out. Book a free consultation today!
DBSInvesting is not a legitimate trading brokerage; you shouldn’t give them a penny. In case you have already deposited, we might be able to help with recovery.
Yes, DBSInvesting offers a risk-free Demo account with $1,000 in virtual funds.
The minimum deposit with a DBSInvesting broker is $250.
DBSInvesting is not a legitimate trading brokerage; you shouldn’t give them a penny. In case you have already deposited, we might be able to help with recovery.
Yes, DBSInvesting offers a risk-free Demo account with $1,000 in virtual funds.
The minimum deposit with a DBSInvesting broker is $250.
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