DKTrade (Dktrade.com) is a brutal Forex scam broker who is promising heaven only to deliver hell. DK Trade is professing to be a leading Forex broker which is misleading investors into signing up. Most members have been sending us email complaints regarding how this broker is treating them. Why are investors crying foul with this broker? We decided to investigate. Read this detailed DKTRADE review and find out the truth.
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After receiving over a hundred email complaints from users, we knew something was amiss. Why would anyone sign up with a broker who is ruining lives? What drives investors into signing up with unknown entities? A good reason is lack of proper research before signing up. Most investors sign up without having to do due diligence. Does this broker have a good reputation? What are the advantages of trading with this broker? These questions should be answered before signing up.
Professional scam artists are known to create websites which look exactly like trading platforms. Cloning is what these scammers do in order to entice users into signing up. These scammers also offer insane claims and promises to investors. Investors are promised high and quick returns if only they deposit with this broker. DKTrade is promising a 50% welcome deposit bonus and another 25% for any re-deposit. These are some of the many empty claims set by this crooked broker.
Knowing where a broker is based is crucial before signing up. Most scam brokers are based offshore which is the case with DKTrade. According to information retrieved from their About us page, DKTrade is based in St. Vincent and the Grenadines. Make sure to stay away from this broker or else become their next victim. And there’s more to DKTrade, read on to find out!
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Who are the founding members of this platform? Why can’t we get any details regarding actual names of people running this website? Who is the CEO or CFO of this company? It seems DKTrade is trading under false information. Make sure to stay away from DK Trade as they are simply trying to trap unsuspecting investors. Thanks to our years of trading experience, we know how to spot a scam from a mile away.
Most offshore brokers don’t have a legit trading license. In fact, DK Trade is not licensed by any known regulatory body. To confirm this, we decided to check with a few international regulatory bodies. These included ASIC, COSNOB, CySEC, FCA, FSC, and NFA. DKTrade is not recognized by any of the international regulatory bodies. Whoever signs up should know they are dealing with an unauthorized broker. Stay away from this broker or else lose all your deposits to them.
Why have they failed to post any of their licensing documents? A real broker will post copies of their licensing for all to see. How will members validate any claims if there are no licensing certificates? These are professional scam artists whose sole intent is to steal from unsuspecting investors. For a safe trading experience, make sure to sign up with brokers regulated by the above bodies. DK Trade is simply a hoax website which will shut down once they have their fill.
These scam artists have gone a notch higher by rigging their demo account to produce fake results. Once you sign up with their demo account, users will get over 95% successful trades. Even newbie traders who don’t have a clue about trading are raking in huge winning margins.
Real accounts require investors to deposit real funds as opposed to demo accounts. A demo account uses virtual money which is not real, thus scammers are able to rig it. Placing trades becomes hard and they end up losing all their actual funds.
DKTrade is furnishing users with three different trading platforms. These platforms include MT4, MT5, and WebTrader. In order to test how well their platforms worked, we decided to download them. And this is where we found an issue with their MT5 platform as it failed to install. Download took more time than necessary and setup halted. What it means is users are dealing with an unstable platform. Unstable platform will leave users vulnerable to third party attacks.
There’s no DDoS and SSL Encryption to protect users from hackers. Hackers will steal credit card information as well as identity for their selfish gains. Stay away from DK Trade.
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Most members will testify funds are not safe with DK Trade. How can funds be safe with an offshore broker who is anonymous? Did you know they fail to declare where they bank funds deposited by members? Simply stay away from this and any other broker who shares similar characteristics. Whoever signs up with this broker should expect nothing but harsh treatment. In fact, members are depositing funds straight to owner’s bank account. Now you are in the know!
Another perturbing issue we found relates to segregation of accounts. DK Trade is merging assets in one account which is a problem. As it turns out, DKTrade is not insuring funds as dictated by trading laws. Stay away from this broker or else lose your entire deposits, don’t become their victim.
After checking all facts, we strongly believe DKTrade is a scam. Stay away by ensuring you ignore all their promotional materials. Resist from joining any of their affiliate programs.
Adding this broker to our scam blacklist will aid in protecting our readers. Stay away from such rogue brokers and ensure you sign up with the best.
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Wishing you all the best in your trading.
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