Dtrex.com review: Offshore scam

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Dtrex.com offers the following tradeable assets: forex currency pairs, spot metals, spot commodities, indices, cryptocurrencies, and shares. The EUR/USD  spread is 0.1 pip, with a leverage cap of 1:500 for the top tier account type. The leverage value seems realistic, but the cost of trade is not.

Dtrex.com

This broker’s website is available in English, Arabic, Spanish, and Russian.

Dtrex.com is an offshore con that you should avoid by all means just like omplix.com lest you lose all your money in a blink of a second.

Are you a victim?  CLICK HERE to recover your money.

Overview of Dtrex.com

Dtrex’s parent company is incorporated in Saint Vincent and the Grenadines. This is a common location for scammers. Saint Vincent and the Grenadines lacks a regulator for the financial services providers. This implies that Dtrex is not licensed and is offering illegal trading services. Unlicensed firms are not only a risk to all deposits, but they can be particularly dangerous for those users that have given away their personal ID details and similar sensitive info.

Dtrex.com uses MT5 trading software.

The MT5 has always been overshadowed by its predecessor, which is ironic because the latest addition to the MetaQuote’s superb trading office is much better, having upgraded many of the MT4 functions to better suit all types of traders.

Some of the features of the MT5 include technical indicators, a larger number of graphical objects, increased time frames, Expert Advisors, charting tools, pending orders, an economic calendar, and so much more.

There is no minimum deposit for the Standard account, which seems a bit unrealistic. The minimum deposit for the following account is $5000! The supposed payment methods are credit cards and debit cards (2.5% to 4% fee), wire transfer, a huge selection of cryptocurrencies, Yandex (5% charge), max $50). Objectively looking, most unregulated brokers offer only a couple of payment options, either some sort of card, wire transfer, and usually bitcoin.

Withdrawals are processed through the same methods, with the addition of PerfectMoney. The bank fee is $50, credit/debit card withdrawals are charged a 1.2% to 2.5% commission. Yandex and QIWI payments are charged by 3%. PerfectMoney withdrawals are charged by 2%. WebMoney ones have a 0.8 fee to them ($50 max). The minimum withdrawal amount and the processing times have not been disclosed.

Is it safe to invest with this broker?

It is definitely not safe to invest in this illegitimate broker.

Offshore brokers cannot be trusted. They often lure investors to put in their money then vanish with it once their target has been reached.

There is no evidence of regulation for this broker. Unregulated brokers can never be trusted as they are fond of breaking regulations. They always disappear to thin air since they are not answerable to any watchdog.

For legitimate brokers please click here.

Conclusion

Dtrex.com is a scam.

Whenever a broker is not regulated do not be tempted to put in your money however lucrative the deal may seem to be.

Unregulated brokers are high risk ventures to even think of investing your money in. They are not answerable to any watchdog incase of any misappropriation of investors’ money. All financial services providers must be regulated by the regulator in which they are operating in.

We cannot recommend this broker for now, this is a time bomb and for sure they will scam you!

Have you been scammed by this broker? CLICK HERE to recover your money.

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