There’s hardly something new and original about Dizl FX Ltd that isn’t already known about scammers. Lack of regulations, missing legal documentation, and unclear trading parameters are generally all very common in brokerage frauds.
Scrolling through the site you see lies about regulation and top-notch trading platforms piling up, but zero company information whatsoever. Dizl FX Ltd is completely anonymous.
One account can supposedly open doors to trading over 15000 instruments of 4 asset categories: Forex, shares, indices, and futures. Even if that were true, although hard, trading would be impossible without an appropriate platform.
Dizl FX Ltd also asks you to verify your identity by providing a picture of your ID while registering, which is out of the question. An anonymous broker has no right to ask you to reveal your own personal information.
Since this firm fails to present itself in a true light, our Dizl FX Ltd review does it. Keep reading to find out all the suspicious methods this scammer implements.
|Company||Dizl FX Ltd|
|Phone||+1 (513) 603-9509|
|Platforms||MT4, MT5 (allegedly)|
Security and Regulation at Dizl FX Ltd
Dizl FX Ltd is clearly unregulated. However, we wouldn’t make this bold statement without thoroughly checking several sources first. Stay with our Dizl FX Ltd review and you will find out things about this broker you weren’t counting on.
The suspicious broker makes two claims about being regulated. One is about owning a license from the Securities and Investment Commission in the UK. Dizl FX Ltd clearly isn’t familiar with the leading watchdog of the UK regulating the financial services industry. FCA – The Financial Conduct Authority issues licenses and protects consumers, keeping the industry stable.
The regulatory rules FCA sets are demanding and hard to achieve. Brokerage enterprises are obligated to keep clients’ funds in segregated accounts, implement risk reduction methods, and provide compensational funds and full transparency of transactions. Dizl FX Ltd isn’t one of the FCA-regulated firms, as seen from the register of authorized companies.
VFSC of Vanuatu is another license Dizl FX Ltd claims to have. Unluckily for them, this regulator also keeps a detailed list of registered entities. As you have probably assumed, Dizl FX Ltd is not on that list. So, this broker doesn’t even own an offshore license.
All in all, the data we gathered only speaks against Dizl FX Ltd. Please don’t risk this fraud robbing you. Do not invest with this unregulated agency!
Trading Software Overview
Getting to Dizl FX Ltd trading software couldn’t be more complicated. First, we were compelled to open an account on the site. An unpleasant surprise was having to upload an ID photo first before being allowed to register. Since that was out of the question, apparently our access to the trading platform was denied.
Dizl FX Ltd shows MT4 and MT5 as available platforms but the download links don’t work. If this broker was as reliable and legitimate as they claim to be, access to MT4 and MT5 would be guaranteed. Apparently, the fraud only uses the names of famous software to attract attention and respect.
MT4 and MT5 are unquestionable leaders in the online trading industry. Traders can experience ultimate trading gratification thanks to the innovative and advanced features and numerous capabilities of the platforms. We wholeheartedly recommend you trade with brokers that enable these platforms.
Deposit and Withdrawal Options
Upon joining the site, new investors can choose an investment plan. The minimum amount to pay for the cheapest investment plan is $500-$1000. The plan also includes maintenance fees and withdrawal charges. Funding methods you can use to cover the costs are unknown.
The broker doesn’t even specify the withdrawal processing time or charges they mention. The concerning lack of transparency about crucial points such as deposits and withdrawals makes this dubious broker even less trustworthy.
How Do Offshore Brokers Execute the Scam?
Contact with a scammer is characterized by the absence of formalities. To gain trust faster and get under your skin, frauds have a friendly attitude and personal approach. They try to relate to you on as many levels as possible, so asking you to deposit comes naturally and you just can’t say no.
Unfortunately, it takes at least several deposits and life savings going away to start suspecting something about your agent is off. The affectionate manager changes suddenly when they’ve gotten everything they could out of you.
When it’s your turn to ask for profits to be paid out, the situation worsens. Soon enough, the agent becomes unreachable and they disappear while you are left with regret and despair.
The Best Brokers for Forex
In all honesty, Forex exchange is a fast-paced market where you can gain heaps of money or lose everything in a blink of an eye. If you are planning to try your trading luck, make sure you do it with a regulated broker.
The brokers we’d like you to consider investing with offer a variety of products, amiable pricing, reliable platforms, and all-around profitable conditions. Of course, your choice depends on the broker providing features and options that fit your requirements. However, the list of brokers with a good trading environment is long. Sometimes it takes a lot of personal resources to sort them all and pick the best. That’s why we solved the harder part for you and assembled this list:
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFx.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Dizl FX Ltd Summary
Dizl FX Ltd is a newly registered incognito brokerage company offering online financial products and services without authorization. Our detailed research has shown that this broker doesn’t have a license and isn’t registered with any of the major financial regulators.
The only way to know for sure if your broker is reliable is through the existing regulation. Without it, no promises and advertising can make up for the lack of license.
Regulation is a confirmation that the broker meets operational and safety standards set by the jurisdictional authority. To save time and money, simply move on from the broker if you suspect anything.
Do it before making investments, though. Refunds are a painful drag that costs more than you can anticipate.
FAQs About Dizl FX Ltd Broker
Is Dizl FX Ltd a Trustworthy Broker?
Dizl FX Ltd is an unregulated and therefore not trustworthy broker. They operate without the supervision of jurisdictional regulators.
Is my Money Safe with Dizl FX Ltd?
Being unlicensed, Dizl FX Ltd cannot guarantee the safety of funds like regulated brokerage houses can.
How Long Does it Take to Withdraw From Dizl FX Ltd?
This withdrawal condition isn’t known since the scammer doesn’t disclose much info on this subject and they shouldn’t be trusted anyway.