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DolceFX (Dolcefx.com) is another rotten CFDs and Forex scam platform to hit the lucrative trading world. Dolce FX is purporting to be the best virtual trading platform for making money on Forex. With such blatant claims, most investors are signing up without conducting due diligence. With numerous complaints already taking shape, we are sure this is another rotten online scam. Read this genuine and honest DOLCEFX Review for more details.
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After reading the heartbreak investors are going through in the hands of this platform, we had to investigate. It is furious to note that DolceFX is openly refusing to grant withdrawals requests to members. What this means is this is another online platform ripping off anyone who signs up and deposits with them. It is better to lose funds in other means than be duped into depositing funds as an investment opportunity. Exposing these scam artists will ensure we protect our readers and keep the trading market safe.
Professional scam artists are known to clone websites and pretend to be online brokers. They use empty claims and promises to lure investors into signing up with them. And this is what makes trading with Dolce FX a dangerous activity. With their claims of being the best platform, traders sign up without a second thought. It is best to read reviews before committing yourself to any online investment platform. Thanks to our years of trading experience, we know how to spot a scam from a mile away.
Trinot Ltd is the company which claims to be behind this illicit online trading platform. Disclaimer at the footer of their homepage reads they are registered in Seychelles. With Seychelles, you can never be sure with these brokers since regulations are not strict. Furthermore, these scam artists will use credentials of an already registered entity and use it as their own. For all we know, this could be an offshore brokerage firm using Seychelles registration details.
Another red flag we must raise with this platform is in regards to anonymity. Anonymity is a sign we are dealing with scam artists. Why have they failed to post actual names of founding members? Looking at their entire website, there is no information regarding the people running this platform. Don’t you find it odd investors are depositing funds to an unknown third party? Anonymity means you don’t have the means to recover funds once they get lost. No one knows the faces behind this platform.
With Dolce FX being an anonymous online entity, safety of funds is out of the question. What seems to be a well-designed website is turning out to be a scam. Reports of members not being granted access to their accounts are posted everywhere. It is proof we are dealing with a shoddy broker who is ripping off anyone who opens an account. Another disturbing feature with this platform is lack of proper security features. Without DDoS protection and SSL Encryption, funds are easily lost to third parties.
Segregation of accounts is also another problem which must be raised. It seems owners are depositing funds straight to their personal bank accounts. Members are funding the pockets of these scam artists without knowing. Nowhere on their entire website can we see details regarding how funds are handled. Another shocking issue with this platform is they fail to participate in a compensatory scheme. Members should not expect to be compensated once the platform goes under or faces bankruptcy.
With evidence clearly pointing out to a scam in play, we have no other option but to blacklist this platform. Any investor who deals with DolceFX is likely to lose their entire deposits. A lot of information is lacking from their website which is proof we are dealing with an illicit platform. Without a legal agreement’s page, investors are signing up blindly. No one knows what to expect with a platform which has no valid registration details. Investors are warned from associating with this anonymous platform.
DolceFX is furnishing members with three different account types to choose from. Accounts are Bronze, Silver, and Gold. A red flag we spotted with these accounts is lack of any valid information regarding features. Information regarding leverage and spreads are missing from the feature list. Another shocking revelation is how they claim to offer 24/7 support as well as broker trader support. With an ever increasing chance of losing funds, the platform stands to gain once you lose.
Another problem we spotted with this platform is in regards to withdrawing funds. No member has been able to withdraw funds since the platform was first introduced. We are even shocked that this platform has been online the whole year. Depositing funds is easy as expected. Account funding takes less than five minutes as depository channels are easily accessible. Members can use MasterCard, Visa, Web Money, Yandex and others to deposit funds. Remember you will not recover your funds once you deposit.
Another huge problem with this platform is the fact that there is no demo account. You would expect a reasonable platform to offer a demo account. Demo accounts are essential as they give investors a chance to test how well a platform works. It is best to use a demo account before committing your investment to a broker.
Another issue we have with this platform is lack of any information regarding their preferred tool of trade. Do they use MT4, MT5, Sirix, XStation, or a custom made platform? . These types of platforms which are anonymous tend to be unstable and lack proper security features.
DolceFX is not licensed or regulated by any international regulatory bodies. We contacted leading regulatory bodies to check whether they recognize this platform. Some of the regulatory bodies we contacted include CySEC, CONSOB, FCA, NFA, and SEC. None of these bodies has ever heard of this platform. It means Dolce FX is operating under false pretense. They fail to post any credentials to prove their credibility. It is best to stay away from unlicensed investment platforms.
Evidence clearly point at this platform operating under suspicious activities. DolceFX is not allowing members to withdraw funds. With this kind of behavior, it is best to avoid such platforms. Security is also a main problem with this platform as hackers can easily take over this platform. Mark all their emails as spam and warn your family and friends from joining this illicit platform.
Adding DolceFX to our scam blacklist will help our readers to spot and avoid it.
Wishing all investors a happy and prosperous trading period.
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