Logo
DNA Markets
In-Operation
In-Operation

DNA Markets

🇦🇺
  • CFD
  • Brokerage
2-5 years
Website

Current Rating

3.19

Industry Tier

C
DNA Markets
DNA MarketsBroker🇦🇺

Profile

DNA Markets is a forex and CFD broker that was registered in Australia on April 7, 2022. It primarily offers financial trading services such as forex, commodities, indices, and stock CFDs to investors. The official website of the broker is https://www.dnamarkets.com/, which mainly supports English. DNA Markets does not offer services to residents of any country or jurisdiction where it would be in violation of local laws or regulations.

Corporate Background and Regulatory Status:

Public information on the DNA Markets official website reveals that DNA Markets Group (DNA Markets) is the trading name and registered business name of Focus Markets Pty Ltd (ABN 96 167 517 544), regulated by the Australian Securities and Investments Commission (AFSL 514425). DNA Markets Pty Ltd (ABN 60 659 020 096) is the corporate authorized representative of Focus Markets Pty Ltd (ABN 96 167 517 544), with AFS representative number 001299562. DNA Markets is the business name for Focus Markets LLC, a company registered in Saint Vincent and the Grenadines (356 LLC 2020).

DNA Markets

Upon inquiry, it was found that Focus Markets Pty Ltd has multiple registered business names including GURU ONE GROUP, DNA Markets Group, Place a trade group, Finesse Markets Group, Anzo Capital Group, RGM FOREX, of which GURU ONE GROUP, DNA Markets Group, and Place a trade group are still in use, while the remaining three have been cancelled. DNA Markets Pty Ltd is indeed the corporate authorized representative for Focus Markets Pty Ltd (ABN 96 167 517 544), with AFS representative number 001299562. The registered address is in MELBOURNE VIC 3000, and the broker's official website indicates that DNA Markets Pty Ltd mainly serves Australian customers.

DNA Markets

DNA Markets

Focus Markets

The registered address of Focus Markets LLC is 1st Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, VC0100, St. Vincent and the Grenadines, with the registration date being May 5, 2020. The broker's official website indicates that Focus Markets LLC mainly targets non-Australian customers. However, the FSA of Saint Vincent and the Grenadines only regulates banking, insurance, or mutual fund activities and does not oversee forex margin trading, nor does it issue forex licenses, hence this entity lacks effective regulation.

DNA Markets

Account Types:

DNA Markets offers two different types of trading accounts: Standard account and Raw account. Both account types require a minimum deposit of 100 Australian Dollars or equivalent currency, have a minimum trade size of 0.01 lots, and a maximum trade size of 100 lots. Margin call level is set at 100% and stop out level at 50%. Account base currencies include Australian Dollar, US Dollar, Euro, Pound Sterling, New Zealand Dollar, Canadian Dollar, and Singapore Dollar. Both accounts allow scalping and the use of EAs.

The difference lies in the spreads offered: the Standard account has spreads from 1.0 - 1.3 pips without transaction fees, while the Raw account has spreads from 0.0 - 0.3 pips with a transaction fee of $3 per standard lot traded.

DNA Markets

Trading Platforms:

DNA Markets provides the MT4 and MT5 trading platforms, which include desktop, web, and Android versions.

DNA Markets

DNA Markets

Deposits and Withdrawals:

DNA Markets has not disclosed the methods and specific procedures for deposits and withdrawals.

Customer Support:

Customers can contact DNA Markets via phone at +442070825200 or email at support@dnamarkets.com. Additionally, investors can contact the broker through the "Contact Us" online contact form on their official website.

DNA Markets

Conclusion:

Trader Encyclopedia advises investors that DNA Markets, holding a CAR license, provides weaker regulatory oversight and only serves Australian users, while the entity serving non-Australian users, Focus Markets LLC, is registered in Saint Vincent and the Grenadines, a region that does not regulate forex trading and brokerage services.

Currently, this broker is marked as "In-Operation" on TraderKnows.

User Reviews

3.19

Rated by 0 people

All Rating

No Comment YetNo Comment Yet

FAQ About DNA Markets

01

What is DNA Markets's official website?

A: DNA Markets's official website is https://www.dnamarkets.com

02

Is DNA Markets a legitimate company, or is it a scam?

A: DNA Markets is currently marked as In-Operation on TraderKnows.

03

What is DNA Markets?

A: DNA Markets is a CFD, Brokerage company.

Social Media

Profile

Country
Australia
Market Categories
CFD
Organization Categories
Logo

Contact Us

Social Media

footer1