DLA Capitals is a forex broker plays fast and loose regarding valid information. In the review below, we take an in-depth look at the features dlacapitals.com allegedly offers. This review basically answer the questions: is DLA Capitals legit? Is DLA Capitals good? .The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about DLA capital forex broker.
Table of Contents
DLA Capitals Trading Platform
DLA Capitals claim that is a group of trading expert team who have excellent and deep knowledge of Forex Trading, Stock Indices Trading, CFDs Trading and Other most famous crypto currency trading etc. They claim to have more than decades experience in trading. They do not give any evidence to back this claim up and a quick look at the domain register shows that their website was created in 2019 and is to expire in 2021.
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DLA Capitals employs an average approach in its design. At first glance we discover that this broker claims to support the MT4 trading platform. They use this platform to offer assets such as Forex (with leverages up to 1:1000) CFDs, Indices, Stocks, and Precious metals.
DLACapitals Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has three account types.
- Basic – $500
- Premium -$1000
- Pro – $5000
One thing that we noticed is that the amount for the entry account is twice the acceptable minimum the industry has set.
DLA Capital Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
According to the website, DLA Capitals cites its deposit methods as Bank/Wire Transfers, and Bitcoin. It will interest you to know that both methods are irreversible making it harder to get your money back.
One thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is DLA Capital Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
DLA Capitals does not give any information regarding licensing throughout the whole website.
So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with active brokers as they don’t give any information concerning if they are a regulated broker.
DLAcapitals.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.