Score
DB Markets
Saint Vincent and the Grenadines|2-5 years| http://dbmkts.com/index.html
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Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 1444 39 0254
Other ways of contact
Broker Information
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Deal Brokers Group
DB Markets
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 500:1 |
| Minimum Deposit | $200 |
| Minimum Spread | from1.2 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 500:1 |
| Minimum Deposit | $200 |
| Minimum Spread | from 0.0 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $200 |
| Minimum Spread | from0.0 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 lot |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $2 (per round turn) |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $200 |
| Minimum Spread | from1.2 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 lot |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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DB Markets · Company Summary
General Information & Regulation
DB Markets, a trademark of Top Brokers Group, is allegedly a forex broker founded in 2016 and based in London, United Kingdom that claims to provide its clients with over 230 tradable financial instruments with leverage capped at 500:1 and variable spreads from 0.0 pips on the DB Markets App, MetaTrader5 and WebTrader trading platforms, as well as a choice of two different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that DB Markets does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.13/10. Please be aware of the risk.
Market Instruments
DB Markets advertises that it offers access to more than 230 tradable instruments in financial markets, covering forex, commodities (energy, precious metals, soft commodities), indices and share CFDs (US CFD shares, HK CFD shares).
Account Types
Apart from demo accounts, DB Markets claims to offer two types of live trading accounts, namely Standard STP and Raw ECN, as well as Islamic accounts. The minimum initial deposit amount to open any account type is $200. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage provided by DB Markets is capped at 500:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
DB Markets claims that different account types can enjoy quite different spreads and commissions. Specifically, clients on the Standard STP account can experience spreads from 1.2 pips and no commission charged, while the Raw ECN holders can enjoy raw spreads from 0.0 pips but have to pay a $6 commission.
Trading Platform Available
Platforms available for trading at DB Markets are DB Markets App, MetaTrader5 and WebTrader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on DB Markets official website, we found that this broker seems to accept numerous funding methods, consisting of Visa, MasterCard, Tether, Neteller, Skrill and cryptocurrencies of Bitcoin, Ethereum, etc. The minimum initial deposit requirement is said to be $200, while there is no mention of what the minimum withdrawal amount is. There is no deposit fee charged.
Bonuses
DB Markets claims to offer some bonuses. For example, you can get a $200 welcome bonus if you deposit $1,000 into your trading account. Also, you can apply for a new account and get a $50 bonus.
In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
DB Markets customer support can be reached by telephone: +44 1444 39 0254, email: support@dbmkts.com or live chat. You can also follow this broker on social networks such as Twitter, Facebook and YouTube. Head office: 4th Floor College House, 28 King Edwards Road, Ruislip, London, United Kingdom, WA4 7AE. Marketing offices: Istanbul, Dubai and St.Vincent & Grenadines (IBC).
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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