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DLS

Operating status: SCAM

Website: https://www.dls-fx.com/en/?page_id=120

Broker violations and abnormal records
  • May 24, 2022 BrokersView has reviewed that DLS is an unregulated forex broker

    DLS, owned and operated by Dragon Leader Services Limited, claims to be an authorized broker bearing licenses issued by several regulators, including the Australian Securities & Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), and the Financial Commission. Despite the provided regulation and certification on its website, DLS is not under valid supervision for the following reasons.

    1) The Financial Commission simply acts as an independent external dispute resolution (EDR) organization that does not regulate forex markets nor issues licenses for brokers engaging in such activities. 

    2) We didn't find any result matching this broker from the registry of ASIC and VFSC.

    So DLS is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    DLS, owned and operated by Dragon Leader Services Limited, claims to be an authorized broker bearing licenses issued by several regulators, including the Australian Securities & Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), and the Financial Commission. Despite the provided regulation and certification on its website, DLS is not under valid supervision for the following reasons.1) The Financial Commission simply acts as an independent external dispute resolution (EDR) organization that does not regulate forex markets nor issues licenses for brokers engaging in such activities. 2) We didn't find any result matching this broker from the registry of ASIC and VFSC.So DLS is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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