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The WikiFX Score of this broker is reduced because of too many complaints!

DBG Markets

United Kingdom|5-10 years| Benchmark AA|
Market Making(MM)|MT4 Full License|Global Business|High potential risk|

https://www.dbgmarketsglobal.com/

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

393 Good

MT4/5

Full License

DBGMarketsUK-Live3

Singapore
MT4
73
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AA

Slippage:A

Cost:B

Disconnected:D

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

73
Server Name
DBGMarketsUK-Live3 MT4
Server Location Singapore

Contact

+27 0861888221
support@dbgmfx.com
https://www.dbgmarketsglobal.com/
218 Guava Street, Belama Phase 1, Belize City, Belize Central America

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+27 0861888221

Other ways of contact

Broker Information

More

Company Name

DBG Markets Limited

Abbreviation

DBG Markets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-11-23
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

DBG Markets · WikiFX Survey
A Visit to DBG Markets in UK - Office Found
United Kingdom
DBG Markets · Benchmark
Average transaction speed(ms)
393 Good
The highest transaction speed(ms)
109 Good
The highest speed of opening positions(ms)
111 Great
The highest speed of closing position(ms)
109 Great
The lowest speed of opening positions(ms)
1982 Poor
The lowest speed of closing position(ms)
1930
15.55USD/Lot Good
32.31USD/Lot Good
Long: -6.68USD/Lot    Short: 3.04USD/Lot Good
Long: -36.57USD/Lot    Short: 23.43USD/Lot
Average slippage
0.2
Maximum transaction slippage
8 Good
Maximum positive slippage
6 Poor
Maximum negative slippage
8 Good
Average disconnection frequency (times/day)
0.1
Average reconnection time (millisecond/per request)
646.2
Ranking: 50 / 128
Test user 872
Orders 8,277
Ocuppied margin $1,643,823 USD
Data Source WikiFX Data provide
Updated: 2024-11-22 01:00:00

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DBG Markets · Company Summary

Broker NameDBG Markets
Founded in2007
Registered inUnited Kingdom
Regulated byASIC, FCA, FSCA ( Out of the business scope)
Trading InstrumentsForex, Precious Metals, Shares, Indices, Commodities
Demo AccountYes
Maximum Leverage1:500
Minimum Spread0.0 pips onwards
Trading PlatformsMT4, MT5
Minimum Deposit$100
Deposit & WithdrawalVisa, Bank Transfer, Chinese UnionPay, Skrill, Webmoney, Crypto
Customer Service24/7 live chat, online messaging, phone: +27 0861888221, email: support@dbgm.com
PromotionsYes

What is DBG Markets?

DBG Markets, established in 2007, is indeed a well-known online broker, commanding a strong market presence for over a decade. It operates from its London and Sydney headquarters, while also maintaining offices across the Asia-Pacific and South America.

DBG Markets offers access to some popular markets, which include forex, precious metals, shares, indices, and commodities, with the maximum leverage of up to 1:500.

Additionally, the broker's offerings are accessible via the MetaTrader 4 and MetaTrader 5 platforms - renowned platforms popular amongst traders for their advanced charting tools, automated trading abilities, and user-friendly interfaces.

DBG Markets' home page

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

What Type of Broker is DBG Markets?

DBG Markets is a MarketMaking(MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, DBG Markets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered.

However, this also means that DBG Markets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with DBG Markets or any other MM broker.

Pros & Cons

ProsCons
• Strictly regulated• Regional restrictions
• Extensive trading instruments
• Demo accounts available
• MT4/5 supported
• Multiple payment options without fees
• 24/7 multi-channel support

Pros:

  • Regulated by multiple reputable financial authorities, including FCA, ASIC.
  • Offers a wide range of trading instruments, including forex, precious metals, shares, indices, commodities.
  • Offers risk-free demo accounts for traders to test trading environment.
  • Offers the popular MT4 and MT5 trading platforms, as well as a range of educational resources.
  • Provides multiple deposit and withdrawal options, with no fees charged for deposits or withdrawals.
  • Customer support is available 24/7 via live chat, online messaging, phone, and email.

Cons:

  • DBG Markets does not offer services to residents of certain jurisdictions, including but not limited to the United States of America, Iran, Afghanistan, Belgium, Hongkong, Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Is DBG Markets Legit ?

DBG Markets is a regulated broker, operating under the oversight of several reputable financial regulatory bodies.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
ASICDBG MARKETS (AUSTRALIA) PTY LTDMarket Making(MM)247017
FCADBG MARKETS (UK) LLPInvestment Advisory License469459
FCSADBG MARKETS ZA (PTY) LTDFinancial Service Corporate41920

• DBG MARKETS (AUSTRALIA) PTY LTD is regulated by Australia Securities & Investment Commission (ASIC, No. 247017).

regulated ASIC license

• DBG MARKETS (UK) LLP, its entity in the United Kingdom, is regulated by the Financial Conduct Authority (FCA, No. 469459).

Is DBG Markets Legit ?

• DBG MARKETS ZA (PTY) LTD, its entity in South Africa, has also registered with the Financial Sector Conduct Authority (FSCA) in South Africa, holding a Financial Service Corporate license under license no. 41920.

Is DBG Markets Legit ?

These regulators are known for their rigorous standards and require brokers to adhere to strict financial guidelines aimed at protecting traders.

However, while being regulated by these bodies grants legitimacy to DBG Markets, it's always recommended for traders to perform their due diligence when choosing a broker. This includes researching the broker's reputation, reading online customer reviews, and fully understanding the terms and conditions attached to the broker's services.

It's also important to note that while regulatory supervision can lower the risk of fraudulent activity, it can't eliminate such a risk entirely. Hence, adequate research and scrutiny should always be undertaken before deciding to trade with any broker.

Market Instruments

DBG Markets offers over 300 products available to traders, covering Forex, Precious Metals, Shares, Indices, Commodities. However, it does not support trading on Futures, Options, even Cryptocurrencies. Plus, in comparison to other brokers, DBG Markets doesn't have quite as many products to offer.

Tradable Assets Supported
Forex
Precious Metals
Shares
Indices
Commdoties
Cryptocurrencies
Futures
Options

This includes forex, ensuring access to the dynamic foreign exchange market with various currency pairs.

forex

They also offer opportunities to trade in precious metals such as gold and silver, which can provide a hedge against economic instability.

precious metals

For those who are interested in equity investments, DBG Markets offers trading on numerous shares from a variety of businesses.

shares

Moreover, you can also access various indices, giving you the ability to take positions on the overall performance of a selection of companies in a specific market segment.

indices

Additionally, they also offer commodities that could include energy products like oil and gas, agricultural goods, and more.

commodities

Account Types

DBG Markets offers three account types tailored for different trading needs and preferences: Standard (STD), ECN, and VIP accounts.

The Standard Account provides a straightforward entry point for traders. It features spreads starting from 1.6 pips and offers trading instruments covering forex, precious metals, shares, indices, and commodities. This account type operates with zero commission and supports multiple currencies.

For traders seeking tighter spreads, the ECN Account is an excellent choice. It offers spreads from 0 pips, making it ideal for high-frequency traders and those employing scalping strategies. While it does come with a $6 commission, the potential for price improvement often outweighs this cost for many traders.

The VIP Account combines elements of both, offering spreads from 0.6 pips with zero commission. This account type is well-suited for experienced traders who maintain larger account balances and require premium trading conditions.

Notably, DBG Markets distinguishes itself by offering account opening with no minimum deposit requirement, providing accessible entry for traders at all levels.

Account Types

How to Open an Account?

To open an account with DBG Markets, you would generally follow these steps:

Step 1: Visit the DBG Markets official website.

Step 2: Click on the “Open an Account” button located on the homepage.

Click on the Open an Account button

Step 3: You'll be directed to an online registration form. Fill out the form with your personal information including your full name, email address, phone number, country of residence and choose the type of account you wish to open.

fill in required info

Step 4: Agree to the terms and conditions and click Submit.

Step 5: You may be required to verify your identity and address. This often involves uploading a clear, readable copy of your ID (like a passport or driver's license) and a proof of residence document (like a utility bill or bank statement that clearly shows your full name and address and is not more than 3 months old).

Step 6: Once your application is approved and your identity verified, you'll be able to fund your account.

Step 7: After making a deposit, you can then access your account and start trading.

You should check the exact details as per DBG Markets' policy on their website or by contacting their support service. It's also crucial to familiarize yourself with the trading platform, and understand all the risks involved in trading before you start.

Leverage

DBG Markets offers a maximum leverage of up to 1:500, which is relatively high compared to other brokers in the industry. This high leverage allows traders to open larger positions with a smaller deposit, potentially increasing their profit potential.

However, it also comes with significant risks as high leverage can amplify losses, especially for traders with limited experience or those who do not use proper risk management techniques. Traders should be aware of the risks associated with high leverage and use it responsibly to avoid excessive losses.

Pros Cons
• Allows traders to open larger positions with smaller deposits• High leverage can increase the risk of significant losses
• Can potentially increase potential profits• Requires a good understanding of risk management to avoid excessive losses
• Provides greater flexibility in trading strategies• High leverage may encourage overtrading and impulsive trading decisions

Spreads & Commissions

DBG Markets offers a tiered structure of spreads and commissions across its three account types. The Standard (STD) Account features spreads starting from 1.6 pips with no additional commission, suitable for traders who prefer straightforward pricing. For those seeking tighter spreads, the ECN Account provides spreads from 0 pips, coupled with a $6 commission per trade, appealing to high-volume and algorithmic traders. The VIP Account strikes a balance, offering spreads from 0.6 pips without commission, tailored for experienced traders with larger account balances.

Overall, DBG Markets appears to offer pricing that's in line with industry standards, with potentially advantageous terms for higher-volume traders.

Account Types STD Account ECN Account VIP Account
SpreadsFrom 1.6 pipsFrom 0 pipsFrom 0.6 pips
CommissionsZero$6Zero

Trading Platforms

DBG Markets offers access to four chocies of trading platforms for clients who trade on this platform: MetaTrader 4 & MetaTrader 5, PAMM/MAM, as well as a webtrader.

MetaTrader 4 (MT4)

DBG Markets provides the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both renowned for their robust features and user-friendly interfaces. These platforms are accessible across multiple devices, including desktop computers, mobile phones, and tablets, as well as through web browsers, ensuring traders can manage their positions from anywhere.

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

MetaTrader 5 (MT5)

PAMM/MAM

For investors seeking managed accounts, DBG Markets supports PAMM/MAM systems, allowing for efficient fund management.

PAMM/MAM

WebTrader

Additionally, the broker offers a proprietary Webtrader platform, providing a lightweight, browser-based alternative for traders who prefer not to download software.

WebTrader

Pros Cons
• Vast tools and indicators for technical analysis• Limited selection of social trading features
• User-friendly interface with customizable charts and workspace• Limited integration with third-party platforms
• Ability to run automated trading strategies with Expert Advisors (EAs)• Limited support for backtesting and strategy optimization
• Available on desktop, web, and mobile devices for flexible access
• Support for multiple order types, including pending orders and stop losses

Deposit & Withdrawal

Payment MethodCurrencyFeesProcessing Time
VISA CardsUSD, EUR, GBP, AUD, NZD, CAD$0Instant
Bank TransferUSD, EUR, GBP, AUD, NZD, CAD$01-3 working Days (Deposit)/1 Working Day (Withdrawal)
Chinese UnionPayCNY$0Instant
SkrillUSD$0Instant
WebmoneyUSD$0Instant
CryptoUSDT$0Instant

DBG Markets offers several deposit and withdrawal options, including Visa, Bank Transfer, Chinese UnionPay, Skrill, Webmoney, and Crypto, with no fees for transactions. The company supports various currencies such as USD, EUR, GBP, AUD, NZD, CAD, CNY and USDT.

The minimum deposit to open an account with DGB Markets is $100.

Most of DBG Markets' deposit and withdrawal methods are geared for instant transactions, providing a smooth flow of funds for DBG Markets' clients. However, it's worth noting that transactions involving Bank Transfers may take a bit longer. Deposits done via Bank Transfer could take approximately 1-3 working days to arrive and be processed, while for withdrawals a processing time of 1 working day is usually required. This expected delay is generally due to the banking systems and processing times of the banks involved, which vary between institutions. Thus, it is advisable to plan your transactions ahead, particularly if you prefer using Bank Transfers for your financial operations.

Customer Service

DBG Markets offers multiple channels for clients to reach out with inquiries or concerns. The brokerage maintains a support team accessible via phone at +27 0861888221 and email atsupport@dbgmfx.com. For those who prefer written communication, a message form is available on their website, allowing clients to submit detailed inquiries. Online chat is also available, which supports English, Vietnamese, and Chinese communication.

Physical Address: No. 9 Cassius Webster Building, Grace, Complex, PO Box 1330, The Valley, AI-2640 Anguilla

Customer Service

However, there is limitedFAQ section available on their website, which can be inconvenient for traders seeking quick answers to common questions.

FAQ page

However, there is no dedicated account manager available, and DBG Markets does not provide support through social media platforms.

Pros Cons
• 24/7 live chat support• No dedicated account manager
• 24/7 phone support• No social media support
• Quick email response time
• Physical address listed on website
• FAQ section available

Frequently Asked Questions (FAQs)

Is DBG Markets regulated well?

Yes. It is regulated by ASIC in Australia, FCA in the UK, and FSCA in South Africa.

At DBG Markets, are there any regional restrictions for traders?

Yes. It does not offer services to residents of certain jurisdictions, including but not limited to the United States of America, Iran, Afghanistan, Belgium, Hongkong, Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Does DBG Markets offer demo accounts?

Yes, it offers demo accounts.

Does DBG Markets offer industry leading MT4 & MT5?

Yes. Both MT4 and MT5 are available.

Risk Warning

Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

News

DBG Markets: Market Report for Nov 22, 2024

ReviewDBG Markets: Market Report for Nov 22, 2024

2024-11-22 14:02

Market OverviewGOLDGOLD has gained, albeit very conservatively, due to higher chances of the Federal Reserve delaying its easing cycle. The market has also been supported by increased risks in the Rus

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ReviewDBG Markets: Market Report for Nov 21, 2024

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Market OverviewQatar has recently expelled Hezbollah leaders from their cabinet, a move that has significantly disrupted the groups financial support network. This development puts Hezbollah in a diff

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DBG Markets: Market Report for Nov 21, 2024
DBG Markets: Market Report for Nov 20, 2024

ReviewDBG Markets: Market Report for Nov 20, 2024

2024-11-20 13:59

Market OverviewGOLD - Gold continues to exhibit bullish momentum following a choppy trading session, albeit with a minimal rise. The market is now approaching the critical resistance level of 2643.64

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2024-11-20 13:59
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DBG Markets: Market Report for Nov 20, 2024
DBG Markets: Market Report for Nov 19, 2024

ReviewDBG Markets: Market Report for Nov 19, 2024

2024-11-19 13:50

Market OverviewGOLD - Gold has shown signs of recovery after bottoming near 2536.700, with current price action indicating potential resistance around the SR zone at 2618.900. A divergence in the RSI

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DBG Markets: Market Report for Nov 19, 2024

Review 18

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