DexInvesting Review: Is it Safe to Trade with this Forex Broker?

If you are looking for a forex broker, you might have come across DexInvesting FX, which promises a lot to forex traders. In this review, we will delve deeper into DexInvesting and examine whether it is a safe forex broker to trade with or not.

What is DexInvesting?

DexInvesting is an offshore brokerage that offers forex, stocks, commodities, crypto, bonds, and indices. The forex company claims to have a registered address in St. Vincent and the Grenadines. DexInvesting offers different account types for traders, with a leverage capped at 1:400 and a spread of 1.8 pips.

What We Discovered about DexInvesting Regulation

First and foremost, DexInvesting.com is owned and operated by DEX Investing LLC, which is based in Saint Vincent and the Grenadines (SVG). Unfortunately, Saint Vincent and the Grenadines is an offshore zone with no broker regulations in place. As soon as you open the website of the local Financial Services Authority, you see a warning that the institution does not license forex and other types of brokers and does not supervise the activities of International Business Companies engaged in such activities. This means that trading on such a platform is clearly putting your funds at a risk of scam.

Furthermore, DexInvesting does not offer a money-back guarantee, which further underscores the risk involved in trading with an unregulated offshore broker. It is always advisable to check for regulated and licensed brokers on financial authorities’ websites before depositing funds for trading.

DexInvesting Minimum Deposit for Traders

The broker DexInvesting FX does not specify its minimum deposit for clients. In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading with as low as $100 with the assurance of their trading funds. DexInvesting claims to allow deposits by credit card and unspecified e-wallets. Meanwhile, it has not mentioned any information on transaction fees.

Payment methods offered by offshore brokers are commonly known for accepting cryptocurrencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. This further underscores the risk involved in trading with unregulated offshore brokers.

DexInvesting Provides What Trading Software?

DexInvesting offers the industry trading software MT4. MT4 is an advanced trading platform that offers the best features of real-time quotes, financial news, various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots called Expert Advisors.

However, we would advise traders not to consider trading with an unregulated forex broker like DexInvesting, as you stand the chance of losing your money. It is always advisable to trade with regulated and licensed brokers that have a reputation for client fund safety.

DexInvesting Licensing and Regulation

Integrity is key in any corporation, and this is especially true when it comes to forex brokers. It doesn’t matter if you make a lot of money if you can’t take it out. That is to say, exactly what is happening with non-licensed companies. Having said that, it is not far from believing that DexInvesting.com is not a licensed brokerage firm. It is not under any financial regulation, which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

is dexinvesting legit?

It is difficult to determine whether DexInvesting is a legitimate brokerage firm or not, as it is not regulated by any financial authorities. The company claims to be registered in St. Vincent and the Grenadines, which is known as an offshore zone with no broker regulations in place. This lack of regulation and oversight can be concerning for traders who are considering using DexInvesting.

Additionally, there are several red flags associated with the company that traders should be aware of. For example, the broker does not offer a money-back guarantee, which means that trading on the platform is risky and could result in the loss of funds. The company also does not specify its minimum deposit for clients and has not mentioned any information on transaction fees.

Furthermore, there are many negative reviews and complaints about DexInvesting online, with many traders reporting difficulties in withdrawing their funds or having their accounts locked without explanation. Some traders have also reported that the company engages in unethical practices such as manipulating trade prices and failing to execute trades as requested.

In contrast, reputable and licensed brokers like Fortrade offer traders a safer and more secure trading environment. Fortrade is a UK-based broker that is regulated and licensed by financial authorities in several countries, including the FCA in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus, and IIROC in Canada. The company has a proven track record of providing reliable and transparent trading services, and traders can rest assured that their funds are protected and their trades are executed fairly.

In conclusion, while DexInvesting may appear to be a legitimate brokerage firm, its lack of regulation, negative reviews, and red flags should give traders pause. It is always advisable to choose a licensed and regulated broker that has a reputation for transparency and reliability, like Fortrade.

Summary

DexInvesting is an offshore brokerage firm that promises a lot of benefits for forex traders. The forex company claims to have a registered address in St. Vincent and the Grenadines. According to the account description, the broker offers a leverage capped 1:400 and a spread of 1.8 pips. Additionally, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds, and indices.

However, when it comes to regulation, DexInvesting falls short. The company is owned and operated by DEX Investing LLC, which is listed as being based in Saint Vincent and the Grenadines (SVG). Unfortunately, SVG is an offshore zone with no broker regulations in place. The local Financial Services Authority does not license forex and other types of brokers, and it does not supervise the activities of International Business Companies engaged in such activities.

This lack of regulation is a significant drawback for forex traders and clients as trading on an unregulated platform puts their funds at risk of being scammed. To avoid losing money with this scam broker, it is always advisable to check for regulated and licensed brokers on financial authorities’ websites before depositing funds for trading.

Furthermore, DexInvesting does not offer a money-back guarantee, which is another red flag. It means that trading on such a platform is clearly putting your funds at risk of a scam. Therefore, it is best to avoid unlicensed brokers like DexInvesting and rely on regulated brokers that have a reputation for safety and security.

While DexInvesting does offer trading software MT4, it is not advisable to use such software with an unregulated forex broker like this one because you stand the chance of losing your money. Forex brokers with advanced traders like MT4/MT5 are expected to have the best features of real-time quotes, financial news, and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.

However, the integrity of any corporation is key to upholding in these days. It doesn’t matter if you make a lot of money, but you can’t take it out. That is to say, exactly what is happening with non-licensed companies like DexInvesting. Its unlicensed and unregulated activities are a significant red flag and must be avoided.

In contrast, licensed FX brokers clearly spell out their regulations and license credibility, and clients can start trading as low as $100 with the assurance of their trading funds. For instance, Fortrade is a UK-based broker with an address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets, including stocks, commodities, currencies, indices, and cryptocurrencies.

Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada, which makes client funds safe. They accept traders worldwide, and their official website provides all the necessary information for traders to make informed decisions.

In conclusion, DexInvesting may appear like a trustworthy trading broker, but traders should not take their words at face value or the attractive website layout. Unlicensed brokers like DexInvesting are likely a platform run by scammers, and it is best to steer clear of them. Therefore, we urge our readers to rely on regulated brokers like Fortrade or any licensed entity.