DB Markets' official website is a contract for difference (CFD) broker established in Australia on April 2, 2019. The company primarily provides trading services for investors in forex, indices, energy, precious metals, commodities, ETFs, stock CFDs, and bond CFDs. Its headquarters is located in London. It's important to note that the company does not offer its services to residents of certain jurisdictions, such as the United States and North Korea.
Company Background and Regulatory Status:
DB Markets operates under different brand names as authorized and registered entities in various jurisdictions. According to information publicly available on its official website, the Australian entity registered as VT Global Pty Ltd, with a registered address in SYDNEY NSW 2000 and an enterprise registration number of 631 408 609. This company is authorized and regulated by the Australian Securities and Investments Commission (ASIC) with license number 516246. The South African entity is registered as VT MARKETS (PTY) LTD, with enterprise registration number 2015/072049/07. It was registered on September 9, 2020, with an address at 9 LILIAN AVENUE LILANTON BOKSBURG. VT MARKETS (PTY) LTD is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) with an FSP license number of 50865. DB Markets claims its registered entity with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) is DB Markets LLC, with registration number 673.
Upon checking the information provided by the official website, it appears that the website has copied the entity information from another broker named VT Markets. DB Markets claims its SVGFSA registered entity is DB Markets LLC, but upon further investigation, this entity seems to be VT MARKETS LLC, which is also associated with VT Markets.
Market Instruments:
DB Markets offers various trading instruments, including:
Forex: The forex market is the world's largest financial market, involving the buying and selling of currencies from different countries. Investors can access the forex market through DB Markets.
Commodities: Commodities are significant drivers of the global market and are known for their high volatility. Traders can use them to diversify their portfolios.
Indices: Indices measure the performance of a collection of stocks from specific industries or well-known and widely recognized companies worldwide.
Energy: Energy trading includes activities such as buying and selling electricity, oil, and natural gas.
Precious Metals: Precious metals trading involves the buying and selling of valuable metals like gold, silver, and platinum, often used for investment or hedging purposes.
ETF Trading: ETF trading allows investors to buy and sell shares of exchange-traded funds, which track specific market indices, asset classes, or industries, offering a diverse range of investment opportunities.
Stock CFDs: Investors can trade contracts for difference on various company stocks through DB Markets, enabling them to speculate on stock price movements without owning the actual shares.
Bond CFDs: Bond CFDs are financial derivatives that allow investors to trade based on bond price movements without physically owning the bonds.
Account Types:
DB Markets offers three types of trading accounts: Standard STP, RAW ECN, and Swap-free Account. Investors can choose the account type that suits their needs. Here are the details of these accounts:
Standard STP: This account type operates with STP execution, a spread of 1.2 pips, no commission charges, a minimum deposit of $100 USD, and a minimum trade size of 0.01 lots.
RAW ECN: The RAW ECN account offers ECN execution with a 0 pip spread, a $6 USD commission per standard lot trade, a minimum deposit of $100 USD, and a minimum trade size of 0.01 lots.
Swap-free Account: Swap-free accounts are available for both STP and ECN types, offering interest-free trading options.
Trading Platforms:
DB Markets provides trading platforms such as MT4, MT5, and WebTrader. However, there seem to be issues with the provided links for the MT4 and MT5 platforms, and the WebTrader link does not seem to be accessible.
Customer Support:
Users can contact DB Markets through phone at +44 1444 390254 and via email at support@dbmkts.com for customer support.
In Summary:
It is important to note that DB Markets has been flagged as a suspected forex investment scam that plagiarizes the brand name VT Markets. Investors are advised to stay away from this platform and consider withdrawing their funds to avoid potential losses. As of now, this company is marked as a "suspected scam" on Traderknows.
