Have you been thinking of trading your money on DT-index broker? If that is your plan, there are things you have to know before making that move. dt-index.com is a platform you need to know about before consider using its service. While we must say you tread carefully with this broker, kindly read through this review to find out what we have uncovered about DT-Index broker.
Table of Contents
About DT-Index Broker
In the sale pitch of DT-Index, it presents to be an international recognized and regulated broker company. Here, it states that it is regulated by European regulator called Euro Finance Investigation and Security Organization (EFISO). From our finding, EFISO cannot recognize this broker as claimed. What a disguise?! If this broker claimed to be from Europe, European Securities and Markets Authority (ESMA) should oversee its activities. It is that simple.
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According to DT- Index broker’s website, it claims to have 4 offices in 13 continents. This number of offices is not enough for such spread they claim to have reached.
dt-index.com: Reasons to Avoid This Broker
dt-index.com is a brokerage platform that has chosen to make traders see what they want them to see. Providing 4 offices in 13 continents without an address and contact information is something a real broker will not hide from its traders.
The website dt-index.com shows ownership by Dingtian Inc. But there is no further detail about that. It is worrisome if things like this are not important to DT-Index broker. Enough details are vital to traders even though it does not assure certain anyway.
There is no detailed information for traders to know the Terms and Conditions. This leaves traders unclear with DT-Index broker’s policies.
Withdrawal and Deposit
Withdrawal process:
DT-Index broker does not say the particular amount to charge traders for every withdrawal. Scam brokers like this one are known to ask for more money when traders make withdrawal requests. This is because there is initial amount traders must pay.
Minimum Deposit:
DT-Index minimum deposit is $100 which is clearly what the financial market accepts. This is not a means to say such broker has no red flag raised against them.
Payment methods of DT-Index broker are bank wire, China UnionPay, and USDT wallets. Payment with any of these listed options throws the doubt that this broker is not to be believed. Options like the above ones cannot be traced when something happens.
With the right broker, you find payment options like Master card or Visa for deposits. This provides you a money-backed guarantee and a better way to trace the money when something goes wrong.
DT-Index Trading Platform
DT-Index offers MetaTrader5 for trading. We know platform like MT5 is a good pick when it is used with the right broker.
DT-Index leverage is 1:1000. It is quite big for an unregulated broker. Financial regulators raise flag against broker companies like this one for having higher ratios. Traders are advised not to take the chance to be scammed by this broker.
The positive thing in DT-Index broker is it demo account offer to traders. But here is something that doesn’t seem right. Its pair currency is EUR/USD with 8.3 pips. Having a pip so high is too risky for traders in the financial market place.
DT-Index Licensing and Regulations
From our findings, DT-Index broker is not a licensed brokerage firm. It is not under any financial regulation which gives it the free way to make up promises so that traders will believe.
The shocking truth about DT-Index broker is that it claims to be under the watch of European Securities and Markets Authority (ESMA). But ESMA only authorizes financial service providers and not forex brokers.
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Conclusion: Is dt-index.com a Legit Broker?
Without mincing words, dt-index.com is not a legit broker for traders and because of that, traders are advised to steer away from such broker or else you will lose money.
Considering the higher leverage set up by this broker, no regulation over its financial activities, lack of detailed information on its website are what we find out about DT-Index broker and therefore we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.