DCMGROUP Review : Fees, Pros and Cons, Reviews by Real Traders

DCMGROUP

Operating status: SCAM

Website: https://dcmgroup.io/

Broker violations and abnormal records

Dec 26, 2021 The Spain CNMV Added DCMGROUP into Its Warnings
On 27 Dec 2021, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that DCMGROUP was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=dcmgroup.io

On 27 Dec 2021, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that DCMGROUP was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=dcmgroup.io
Oct 20, 2022 BrokersView has Reviewed that DCMGROUP is an Unregulated Forex Broker
DCMGROUP claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the broker is located in the Cyprus. However, we searched Cyprus Securities and Exchange Commission (CySEC) but found no results that matched this broker.
Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that DCMGROUP was not authorised to provide the investment services in Spain.
The truth is that DCMGROUP is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

DCMGROUP claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the broker is located in the Cyprus. However, we searched Cyprus Securities and Exchange Commission (CySEC) but found no results that matched this broker. Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that DCMGROUP was not authorised to provide the investment services in Spain.The truth is that DCMGROUP is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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