Let’s do a detailed DG Flex review to help those who suffered losses gather information. The broker vanished, and so did the clients’ funds.
Our main goal is to assist victims of this unscrupulous financial swindler in getting justice. And it’s possible to do so with the correct information in your hands.
DG Flex is an unregulated financial fraud. The brand is owned by SP ZOO SEPUR, allegedly originating from Poland. However, as an EU member, Poland strictly supervises the financial markets, including Forex.
We’ve checked the register of the local regulator, KNF, searching for DG Flex regulation. As you can guess, our search yielded no results. Furthermore, the company would be obligated to stick to the ESMA leverage limit if registered in the EU. The leverage cannot exceed 1:30 for FX and 1:2 for crypto trading. And yet, DG Flex offers up to 1:400.
Now that we’ve cleared the air regarding fund safety let’s move on to regulatory warnings.
DG Flex is a clone firm of an FCA-regulated broker. The company has been banned in the UK and Canada for illicit activities.
Finally, another Canadian regulator, this time AMF Quebec, issued a notice warning citizens of the DG Flex scam.
As expected from a scam firm, the DG Flex trading platform is rather lousy. The company only offers WebTrader with built-in news and several indicators. You can choose among five chart types, see trading history, and open pending orders.
Sadly, this software is not remotely close to MT4, MT5, or cTrader. With a third-party platform, you get increased fund safety and fewer possibilities for market manipulation. Additionally, you can get advanced features such as EAs, social trading, and Autochartist.
Finally, you get a mobile app for Android and iOS, which you won’t find with DG Flex’s browser-based solution.
The offer of tradable assets is somewhat limited. You can choose only three asset groups, those being:
Indices and commodities are not on offer. Considering the weak range of assets and dangerous conditions, such as a leverage of 1:400, we’d advise you to find another broker. You will have more market opportunities with a higher level of fund safety.
You cannot trade for free. DG Flex Demo account is unavailable, and you’re left to pay the money first.
Considering this brokerage house asks for a minimum deposit of $10,000, we see it as a final straw. You should not invest as much with any broker, even legitimate ones, before testing out withdrawals. That’s why most firms offer Micro accounts, requiring $10-100.
Speaking of DG Flex withdrawals, we can say you won’t get any. The company shut down, meaning account access is no longer available. Even before, this firm had a negative reputation due to not allowing payouts.
Mainly, scheme brokers ask clients to pay various fees and cover taxes and other fictitious costs before approving their withdrawal requests. You should be well aware that no matter how much you pay, you won’t see a cent back from a scam firm.
The good thing is that deposits are only possible through a debit/credit card, meaning the method should comply with withdrawals. If that’s the case, you’re entitled to a chargeback within up to 540 days after the transaction occurred.
If you find yourself a victim of the DG Flex scam, don’t lose hope! Global Fraud Protection has dedicated chargeback experts ready to evaluate your case during a free consultation. Then, we’ll give you an honest estimate of your chances of recovering the funds.
Since chargeback is time-limited, we urge you not to waste more time. Get in touch now and let our professionals do what they do best!
DG Flex is an unregulated broker posing as a legitimate firm. In case you were scammed by this swindler, we may be able to help with fund recovery.
DG Flex only offers a web-based platform and doesn’t allow risk-free trading via a Demo account.
Since DG Flex’s platform is browser-based, there are no mobile apps available for Android or iOS.
DG Flex is an unregulated broker posing as a legitimate firm. In case you were scammed by this swindler, we may be able to help with fund recovery.
DG Flex only offers a web-based platform and doesn’t allow risk-free trading via a Demo account.
Since DG Flex’s platform is browser-based, there are no mobile apps available for Android or iOS.
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