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Davomgt.com Review: Is Davomgt a Scam Managed Account Service?

Davomgt.com Review: Is Davomgt a Scam Managed Account Service?

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Davomgt.com is a site that specializes in Forex managed accounts. They help investors who have little or no knowledge, time, and experience with capital investment to invest their money. They help diversify their investment portfolio and allocate a portion of their risk to potentially high returns of the Forex market.

Get ready to have an eye-opening set off facts before you decide to allow them to manage your funds.

About Davomgt.com

Davomgt.com is a fund manager who works in collaboration with a Forex broker, Roboforex. They claim that this broker has experience in trading since 2001. It might seem so legit until you do some research!. It would be best if Forex traders would stick to reputable investment Forex companies that are transparent.

According to whois.com, Roboforex was registered in 2009, and this means their experience is overrated. An added eight years!

Davomgt.com Review,Davomgt.com Platform

They lied for apparent reasons and they wanted to seem like they worked with an approachable and experienced broker. They lost, though. We got them. Be warned! Many of these brokers exist for the sole purpose of enriching themselves only. Be very vigilant of such brokers.

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Founder

Company owners’ details are an essential part of the information for regulated Forex traders. We don’t know why this was an exception for them. We decided to do some digging for you people. For trust reasons, site owners prefer availing their information to the public to build a good impression. It is not the case for this site. No relatable information to that of directors or promoters of the site has been provided.

Our good revelers from whois.com showed us that the company owner and administrator had been registered as Alexander Kim in Khabarovsk Kray, Russia. Why would they omit such information if it comes in handy in sites?

They don’t see its necessity since they don’t plan on being real. It is a trend we’ve seen with most scammers

Registration and licensing of Davomgt.com

The essence of registration is to clear the air about the site’s viability period and the possibility of a long time existence as a Forex managed website. Since the site didn’t mention anything about it, we took it upon ourselves to find out.

As per whois.com, we found out that the site was registered in Hostinger, UAB.  is in Russia. Russia’s regulatory body is The Financial Market Relations Regulations Center (FMRCC). They aim to make sure every online trading broker or organization is registered and therefore is not a scam.

It brings us to the question, why is the site not registered? In the case that it doesn’t have a registration number, how do their clients access their withdrawals?

Contact and customer support

The communication channel for this site is in question. The email provided [email protected] doesn’t work. The moment you click on it, it gives an error message every time. Is it pathetic right? How does the email not serve its purpose if it was meant for communication reasons?

It even gets juicier. Following whois.com, [email protected] is not in their registered email; in a real sense, it’s registered as [email protected] It is a shadowy way of putting up information, especially on a site where the money is involved. They most probably thought no one would do their research.

There is also no telephone number provided. But according to whois.com, the number +82.1020139383 has been used to register the site, and this brings our next question. Why does a company registered in Russia, use a phone number from South Korea?

In that case, then, why is the company not regulated by the South Korea regulatory body, Cyprus Securities & Exchange Commission (CySEC)?

It is because; their registration details are a sham, just as their site is. It’s just another platform for them to collect free cash from clients. But we are helping you realize that many of these brokers are scams.

 We aren’t stopping till we nail all of them. Be on the look!

Trading strategy

They claim to have an optimum trading system capable of minimizing risk in Forex trading and of generating above-average results. What optimum trading system is this? Which hedging strategy causes open positions to last from one hour to several months?

They say that they work with the main currency pairs. Which exactly are the main currency pairs?

What they don’t say is that the system doesn’t always work. It works mostly in favor of the davomgt.com site and not the client. We have complaints of clients who almost won, but the traders just traded the opposite way. Not once have they done that!

Safety of information

The proper security features have not been implemented on the site. There is no security for investor information provided as they are prone to potential harm from third parties.

Secured sites have an SSL certificate that is there to make sure the information shared between the client and the trader is encrypted. The SSL secures the tracing of sensitive information shared impossible.

It is a huge gamble to trade on this site. Imagine a hacker getting access to your Visa card logs in!

Funding and withdrawing from the account

These fund managers only allow for deposits to be put knowing very well that their clients are not their priorities. A description of the minimum withdraw-able amount isn’t given; thus, you won’t know when to withdraw your money. We have received complaints from many investors who have pooled their resources together for investment but haven’t been able to withdraw their earnings. Do not be scammed!

Davomgt.com experienced trader.

We visited their trader’s official site to confirm their existence. We realized the details they had provided in their website differed from those of whois.com.

According to Roboforex, their site is registered as a property of RoboMarkets Ltd, but under whois.com, their domain is registered under Register.com, Inc. and the contact is PERFECT PRIVACY, LLC. The site was registered on 30/10/2006 and expires on 30/10/2024.

The inconsistencies are way too huge to appear as mistakes only. The provided broker is also not legit.

Domain

This domain davomgt.com doesn’t indicate on its site the year of registration, and that’s not okay for an online trading platform. How do we trust you with our funds if you don’t even exist in the registration office platforms?

Our research from whois.com indicated that the domain was registered on 27\10\2010 and was set to expire on 27\10\2021. An area that’s existed this long should have been recorded. How do you run a Forex business for almost ten years and have no registration papers? It is absurd, and this site is a straight-up scam, and this couldn’t be clearer.

Should investors even consider this site? I think you should reevaluate your broker choice if davomgt.com were among your options.

Is Davomgt.com a scam/legit?

Davomgt.com is a venom that will milk your investment capital dry. Nothing about them is barely accurate. It’s a scam site with scam information.

Final Verdict

An investment decision is always made after confrontations within yourself, others, and research too. It’s your right to make sound decisions and proceed with them with technical reasoning. It’s, for this reason, we leave the choice to you. We trust that with the information we have provided, your journey through Forex investments will be much simpler. We would urge our readers to trade using reputable Forex software that has proven to be legit.

All the best!

Remember always to make your decisions with caution as you will be the bigger loser if things don’t turn out as expected.

 

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