IntroJust having a professional website does not mean that a broker will be legitimate. Dbex Coin is a perfect example of being a scammer with a professional and good-looking platform.
Company Overview
DBEX was established in October 2017. Their headquarters is located in Seychelles. According to their website, they claim their technology and operation center is located in London, UK. But, when we tried to find the UK and Seychelles addresses on their website, we found nothing.
That means they actually don’t have these offices in reality.
Does DBEX-Coin Have Any License?
According to their website, they have licenses from various organizations. But, they did not show any license number or any other proof to support their claim.
They did not mention any other details. It is clear that these people are running a scam with some false information.
Is DBEX-Coin Regulated By Any Authority?
According to their website, they are located in Seychelles and also have offices in the USA. So, they should have regulation from the SEC and Sychelles’s financial authority. But, they were not able to show this. This clearly indicates that they are not regulated by any organizations.
Pros and Cons
Pros:
- Professional good-looking website
- App available
Cons:
- No license or regulation
- No contact details given
- No management team details
How Does DBEX-Coin Reach To Their Prey?
DBEX-Coin reaches its prey through several mediums. Their first way is to do cold calling to their target and provide them with lucrative offers or packages.
Secondly, they try to run some Facebook ads. They use some good creative and copy to attract users to click on add then they try to lure them by providing their sweet offers.
They also run email campaigns sometimes to follow up on their old clients or new clients.
Technical Details
Minimum Deposit:
They mention their 3 packages which will be shown in a later section. However, there was no information about their minimum deposit balance in any packages.
Trading Platform:
They use their own web-based trading platform where they show some basic details about their trading. But, you cannot be sure whether the data they are showing in real-time is true or not.
Spread:
We did not find any information about their spread on their website.
Leverages:
There was no information found on their website regarding their leverage.
Packages and Products They Offer
They offer three different packages: Pledge Lone, Miner, and Saving Plan.
When we clicked on their link to show the details, we did not find any information. They were just blank.
They offer various products such as crypto buy-sell, crypto trading, forex trading, Options, and Futures.
Withdrawal and Deposit Method
There was no information about their withdrawal and deposit methods. But, according to different online sources, they accept all kinds of deposit methods.
What Do Their Previous Traders Say?
When we searched online for traders’ reviews, we found several negative feedbacks from traders. The main objections were regarding their withdrawal problems and account-banning issues.
Summing Up- Why Should Not You Trust DBEX-Coin?
In summary, DBEX-Coin is an unlicensed and unregulated broker. There is no financial security for their investors. Also, you cannot find any account details or other important information.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you get scammed by DBEX-Coin, you should first contact the local law enforcement authority and financial authority. You should also contact us if you need a quick solution. We are a team of experts who are specialized in providing scam recovery solutions.
We will provide you with a free consultation and recovery service recommendations to help you in recovering the lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
In this article, we showed you that DBEX-Coin broker is a clean scam. They don’t have the credibility to help you in your financial investment decision. Don’t invest in this broker otherwise, you will find yourself as a victim of a forex scam.
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