DachFin (Dachfin.com) is another blight CFDs and Forex brokerage scam to hit the lucrative Forex world. Dach Fin claims to have professionals who are the best at what they do. They claim to have account managers who have a strong experience and solid reputation. These so-called account managers will prove their worth every day. Are these claims true or false? Read this genuine and honest DACHFIN Review for more details.
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After receiving some touching emails from members, we knew something was amiss. Most members are ruing signing up with this broker after having their accounts frozen. These accounts have funds already reflecting and beg the question, why not release them? DachFin is openly closing accounts for members whose account balance is above $500. And this is proof Dach Fin is nothing but a scam platform. A real broker would release funds even when faced with bankruptcy.
Is it possible DachFin is going under? It would seem to be or else, this is another online trading scam platform. We have seen countless platforms behaving this way and leads to members being scammed. These scam artists have cloned a trading website and have managed to fool investors into depositing funds. Scam artists are known to create enticing websites which look legit. Dach Fin is undoubtedly another train wreck whose credibility is being questioned. Stay away from it.
According to the disclaimer at the footer of the homepage, DachFin is owned by Elit Property Vision Ltd. The company is apparently based in Sofia, Bulgaria. These scam artists have used a company’s name to try and feign professionalism. They have also used Bulgaria as their base of operation for a reason. Since they are targeting European investors, they have ensured to use a company with European decent. And this is one of the many scam tricks we are about to expose.
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Another perturbing issue we found with this brokerage firm is anonymity. Why have these scam artists failed to mention the founding members? A name of the CEO or CFO of their company would make it possible to verify their claims. Lack of identity is synonymous to online scam artists. They don’t want their names to be recognized for one particular reason. Being afraid of receiving backlash from authorities and victims makes them hide their actual names. Stay away.
One would expect DachFin to be licensed by any of the well-known European regulatory bodies. These include COSNOB, CySEC, and FCA. After reaching out to these regulatory bodies, we could not find any licensing claims. It would seem DachFin is not licensed or regulated by any known regulatory body. And this is sad news as no member will be able to get any compensation from an unlicensed broker. These scam artists have been using their platform to offer unauthorized trading sessions.
Another reason why this platform is not real is lack of credible certificates. Why have they failed to post any valid copies of their license or registration? A valid broker will post their license information for all to see. These scam artists know for a fact we will try and verify their license documents. What they have done is hide this vital information to investors. Anyone who has deposited funds with this broker is not protected by any trading laws. After all, they are dealing with a rogue platform.
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Although this broker maybe registered by the Bulgarian authorities, we don’t recommend it. There is no other possible advantage with dealing with an unlicensed broker. All facts point at security of funds not being guaranteed. Users should stay away from this broker to avoid any financial risk.
DachFin is furnishing users with three different account types. These accounts are named Micro, Silver, and Gold. A huge problem we noticed with these account types is how similar they are to each other. Why would an investor deposit $5,000 and get same trading features as one who deposited $1,000? These are telling signs we are dealing with a broker who is targeting all classes of investors. These accounts have similar features which add no advantage to investors.
These scam artists have taken advantage of demo accounts to produce trade wins of over 98% success rate. Investors are led to believe they can achieve the same profit margins with a real account.
Depositing funds with Dach Fin is easy and quick. Some of the depository channels used includes MasterCard, WebMoney, Qiwi Wallet, and Visa. Dach Fin is openly defrauding members who deposit as they ensure no money comes out. These scam artists have perfected the art of stealing from investors in plain sight.
DachFin is claiming to have a mobile as well as web based platform. The problem with their mobile platform is compatibility with IOS devices. These scam artists have a platform which does not offer any safety features. Just like their website, these scam artists have not properly secures their trading platform. Hackers can easily take advantage of this loophole and steal personal data. Beware.
It turns out lack of proper security features is proof we are dealing with an unscrupulous broker. Another problem with Dach Fin is having no insurance package. Members should not expect any compensation as this broker does not participate in a compensatory scheme. Stay away from any broker who fails to insure funds.
After checking all the facts, we believe Dach Fin is a total scam. These scam artists have ensured no investor gets a penny from trading with their platform. To remain safe, you need to mark all their emails as Spam. Make sure to resist any calls of joining any of their affiliate programs. Their so-called partnership is nothing but a shoddy plan to make members bring in other victims. The best way to avoid this scam is to completely avoid any of their marketing gimmicks.
Adding this broker to our scam blacklist will ensure no one signs up with them. Make sure to resist calls from their agents to sign up. Account managers are also part of the scam as they ignore calls once you make deposits.
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Wishing all a successful trading experience.
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