General Information
DML Limited is a forex broker allegedly registered in China, with its website not informative (including the founding time, the company behind it). DML advertise that it offers various financial instruments including forex currency pairs, gold and silver, commodities, stocks and more.
Regulation
Although DML claims that it is regulated by the NFA with regulatory license number 0541511. However, this license has been verified to be a clone one, and this broker actually does not fall under any regulatory agency.
Official Website Unavailable
Since DML official website cannot be opened at this moment, and we can only grab some related information from some broker-reviewing website to get a rough idea of this broker.
Market Instruments
DML offers trading in forex pairs, commodities, as well as crypto currencies (such as BTC, ETH, BCH, and more).
Minimum Deposit
In terms of minimum deposit requirement, DML does not make this part clear. Given the fact that DML is not subject to any regulation, its initial account and minimum deposit requirement does not matter that much. Traders are not advised to register real trading accounts here.
Leverage
DML offers leverage up to 1:1000, which is considered high. Leverage can amplify gains as well as losses, and trading with an unregulated broker offering such generous leverage is not a good option.
Spreads & Commissions
DML does not disclose its spreads and commissions conditions. Unregulated brokers love to hide their trading costs or advertise that they offer low trading costs to attract and then scam traders.
Trading Platform Available
When it comes to trading platform, DML does not provide its clients the leading MT4 or MT5 trading platform. Since this broker is not subject to any regulation, then what trading platform it uses does not matter that much.
Customer Support
Lastly, DML cannot be reached through any telephone number or email address, which is a red flag saying it is a scam broker.
