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DML Markets
Suspected Fraud
Suspected Fraud

DML Markets

🇲🇲
  • Forex
  • Brokerage
1-2 years
Website

Current Rating

1.26

Industry Tier

E

Profile

DML Markets is a forex broker whose official website domain was registered on November 14, 2023, mainly offering investors trading services in financial derivatives such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. This broker does not provide services to jurisdictions that may violate local laws or regulations, such as North Korea, Israel, China, Vanuatu, and Cuba.

Company Registration Information and Regulatory Status:

Public information on the DML Markets official website indicates that it is headquartered in Australia and authorized and regulated by the Australian Securities and Investments Commission (ASIC) with license number 488828. Additionally, the broker is also registered with the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States, with an NFA ID of 0558052.

Upon verification, the Australian Securities and Investments Commission (ASIC) official website shows that the entity with license number 488828 is STAR FUNDS MANAGEMENT PTY LTD, which has no association with Ruiz Capital FX. Furthermore, the National Futures Association (NFA) in the United States lists the entity corresponding to ID 0558052 as TONGLI WEALTH INCORPORATION, a non-member unit not regulated by the NFA. The Financial Crimes Enforcement Network (FinCEN) in the US did not find a registered entity by the name of DML Markets.

Moreover, the web design and content of this broker resemble those of brokers Unisnfx, XCY Global Ltd, BCC markets limited, CPT Limited, Maxtra Financial Limited, and GYG INVESTMENT LTD.

DML Markets

DML Markets

DML Markets

DML Markets

DML Markets

DML Markets

Opening an Account:

To open an account with DML Markets: visit the broker's official website, click "Register" on the homepage or at the top right corner of the page, fill in personal information and set a login password as required, then submit the application for successful account registration.

DML Markets

DML Markets

Trading Account Information:

The DML Markets official website only discloses information regarding spreads, trading leverage, margin call/stop-out levels, and contract sizes, but does not publish details related to account types, trading commissions, minimum/maximum trading volumes, maximum positions/orders, or minimum price precision.

  • Spreads: Floating spreads, starting from 1 point
  • Trading Leverage: 1:100—1:500
  • Margin Call/Stop-Out Levels: 100%/50%
  • Contract Size: 1 lot = 100,000 currency units
DML Markets

Trading Platform:

DML Markets provides its users with the MT5 trading platform.

DML Markets

Deposits and Withdrawals:

DML Markets has not specified the supported methods for deposits and withdrawals, associated fees, or minimum deposit and withdrawal amounts on its official website.

Conclusion:

Traderknows reminds investors that DML Markets is a forex scam website with opaque registration and regulatory information, suspected of false advertising. Users can only contact them via email, which severely limits communication options. The design and content of their official website use the same template as those of broker websites like Unisnfx, XCY Global Ltd, BCC markets limited, CPT Limited, Maxtra Financial Limited, GYG INVESTMENT LTD. Traderknows advises investors to choose brokers that are transparent in information, strongly regulated, and have a good reputation for their investment activities to avoid unnecessary financial losses.

Currently, this broker is marked as "Suspected Scam" on Traderknows.

User Reviews

1.26

Rated by 0 people

All Rating

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FAQ About DML Markets

01

What is the official website of DML Markets?

The official website of DML Markets is https://www.dml-markets.com.

02

Is DML Markets legit or scam?

DML Markets is currently listed as Suspected Fraud on TraderKnows.

03

What kind of company is DML Markets?

DML Markets is a Forex, Brokerage company.

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