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The WikiFX Score of this broker is reduced because of too many complaints!

DBG Markets

United Kingdom|5-10 years| Benchmark AA|
Market Making(MM)|MT4 Full License|Regional Brokers|Suspicious Overrun|High potential risk|


Rating Index




Average transaction speed (ms)



Full License


The WikiFX Score of this broker is reduced because of too many complaints!







MT4/5 Identification

MT4/5 Identification

Full License

Server Name
DBGMarkets-Demo MT4
Server Location Japan


+27 0861888221
First Floor, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines.


VPS Special
※ DBG Markets Real Accounts Only ※

Contact number


+27 0861888221

Broker Information


Company Name

DBG Markets Limited

Company Abbreviation

DBG Markets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-06-16
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 41920)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

DBG Markets · WikiFX Survey
A Visit to DBG Markets in UK - Office Found
United Kingdom
DBG Markets · Benchmark
Average transaction speed(ms)
The highest transaction speed(ms)
86 Great
The highest speed of opening positions(ms)
89 Great
The highest speed of closing position(ms)
86 Great
The lowest speed of opening positions(ms)
1984 Poor
The lowest speed of closing position(ms)
9.48USD/Lot Great
22.46USD/Lot Perfect
Long: -4.95USD/Lot    Short: 1.92USD/Lot Great
Long: -35.73USD/Lot    Short: 15.25USD/Lot Poor
Average slippage
0.8 Poor
Maximum transaction slippage
Maximum positive slippage
-1 Good
Maximum negative slippage
Average disconnection frequency (times/day)
0 Perfect
Average reconnection time (millisecond/per request)
Ranking: 50 / 127
Test user 775
Orders 13,964
Ocuppied margin $1,553,369 USD
Data Source WikiFX Data provide
Updated: 2024-06-14 01:06:SS

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Pyramid scheme complaint
    Mkt. Analysis

    DBG Markets · Company Summary

    Founded in 2007
    Registered in United Kingdom
    Regulated by ASIC, FSCA (Exceeded), FCA (Exceeded)
    Trading Instruments forex, precious metals, shares, indices, commodities
    Demo Account Available
    Maximum Leverage 1:500
    Minimum Spread 0.0 pips onwards
    Trading Platforms MT4, MT5
    Minimum Deposit Information not available
    Deposit & Withdrawal Visa, Bank Transfer, Chinese UnionPay, Skrill, Webmoney, Crypto
    Customer Service 24/7 live chat, online messaging, phone: +27 0861888221, email:

    What is DBG Markets?

    DBG Markets, established in 2007, is indeed a well-known online broker, commanding a strong market presence for over a decade. It operates from its London and Sydney headquarters, while also maintaining offices across the Asia-Pacific and South America.

    DBG Markets takes pride in offering a wide assortment of trading instruments, which include forex, precious metals, shares, indices, and commodities. It provides a maximum leverage of up to 1:500, giving traders the opportunity to maximise their trading capital.

    Additionally, the broker's offerings are accessible via the MetaTrader 4 and MetaTrader 5 platforms - renowned platforms popular amongst traders for their advanced charting tools, automated trading abilities, and user-friendly interfaces.

    DBG Markets' home page

    In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

    What Type of Broker is DBG Markets?

    DBG Markets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, DBG Markets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered.

    However, this also means that DBG Markets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with DBG Markets or any other MM broker.

    Pros & Cons

    Pros Cons
    • Regulated well • Regional restrictions
    • A wide range of trading instruments • No info on minimum deposit
    • Demo accounts available • No info on commissions
    • MT4/5 supported
    • Multiple payment options without fees
    • 24/7 multi-channel support


    • Regulated by multiple reputable financial authorities, including FCA, ASIC, FSCA, and VFSC.

    • Offers a wide range of trading instruments, including forex, precious metals, shares, indices, commodities.

    • Offers risk-free demo accounts for traders to test.

    • Offers the popular MT4 and MT5 trading platforms, as well as a range of educational resources.

    • Provides multiple deposit and withdrawal options, with no fees charged for deposits or withdrawals.

    • Customer support is available 24/7 via live chat, online messaging, phone, and email.


    • DBG Markets does not offer services to residents of certain jurisdictions, including but not limited to the United States of America, Iran, Afghanistan, Belgium, Hongkong, Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

    • There is no clear information about the differences between the available account types or the minimum deposit required to open an account.

    • The website does not provide information about commissions charged on trades.

    Is DBG Markets Legit or a Scam?

    DBG Markets is a regulated broker, operating under the oversight of several reputable financial regulatory bodies.

    • DBG MARKETS (AUSTRALIA) PTY LTD is regulated by Australia Securities & Investment Commission (ASIC, No. 247017).

    regulated ASIC license

    • DBG MARKETS ZA (PTY) LTD holds an exceeded Financial Sector Conduct Authority (FSCA, No. 41920) license.

    exceeded FSCA license

    • DBG MARKETS (UK) LLP holds an exceeded Financial Conduct Authority (FCA, No. 469459) license.

    exceeded FCA license

    These regulators are known for their rigorous standards and require brokers to adhere to strict financial guidelines aimed at protecting traders.

    However, while being regulated by these bodies grants legitimacy to DBG Markets, it's always recommended for traders to perform their due diligence when choosing a broker. This includes researching the broker's reputation, reading online customer reviews, and fully understanding the terms and conditions attached to the broker's services.

    It's also important to note that while regulatory supervision can lower the risk of fraudulent activity, it can't eliminate such a risk entirely. Hence, adequate research and scrutiny should always be undertaken before deciding to trade with any broker.

    Market Instruments

    DBG Markets offers an extensive and diverse range of trading instruments with over 300 products available to traders.

    This includes forex, ensuring access to the dynamic foreign exchange market with various currency pairs.


    They also offer opportunities to trade in precious metals such as gold and silver, which can provide a hedge against economic instability.

    precious metals

    For those who are interested in equity investments, DBG Markets offers trading on numerous shares from a variety of businesses.


    Moreover, you can also access various indices, giving you the ability to take positions on the overall performance of a selection of companies in a specific market segment.


    Additionally, they also offer commodities that could include energy products like oil and gas, agricultural goods, and more.


    This wealth of options provides traders with many opportunities for portfolio diversification based on their own investment strategy and risk tolerance. Always remember to understand the risks associated with each instrument before investing.

    Account Types

    While DBG Markets offers three different types of accounts - STD, ECN, and VIP - there is no information on their website detailing the differences between these accounts or the minimum deposit required to open an account.

    Account Types

    This lack of transparency can be seen as a disadvantage, as potential clients may not have a clear understanding of what each account type offers or whether they meet their trading needs.

    On the other hand, some traders may appreciate the flexibility of being able to choose from multiple account types, and may be willing to contact DBG Markets directly to inquire about the specifics of each account.

    How to Open an Account?

    To open an account with DBG Markets, you would generally follow these steps:

    Step 1: Visit the DBG Markets official website.

    Step 2: Click on the “Open an Account” button located on the homepage.

    Click on the Open an Account button

    Step 3: You'll be directed to an online registration form. Fill out the form with your personal information including your full name, email address, phone number, country of residence and choose the type of account you wish to open.

    fill in required info

    Step 4: Agree to the terms and conditions and click Submit.

    Step 5: You may be required to verify your identity and address. This often involves uploading a clear, readable copy of your ID (like a passport or driver's license) and a proof of residence document (like a utility bill or bank statement that clearly shows your full name and address and is not more than 3 months old).

    Step 6: Once your application is approved and your identity verified, you'll be able to fund your account.

    Step 7: After making a deposit, you can then access your account and start trading.

    You should check the exact details as per DBG Markets' policy on their website or by contacting their support service. It's also crucial to familiarize yourself with the trading platform, and understand all the risks involved in trading before you start.


    DBG Markets offers a maximum leverage of up to 1:500, which is relatively high compared to other brokers in the industry. This high leverage allows traders to open larger positions with a smaller deposit, potentially increasing their profit potential.

    However, it also comes with significant risks as high leverage can amplify losses, especially for traders with limited experience or those who do not use proper risk management techniques. Traders should be aware of the risks associated with high leverage and use it responsibly to avoid excessive losses.

    Advantages Disadvantages
    • Allows traders to open larger positions with smaller deposits • High leverage can increase the risk of significant losses
    • Can potentially increase potential profits • Requires a good understanding of risk management to avoid excessive losses
    • Provides greater flexibility in trading strategies • High leverage may encourage overtrading and impulsive trading decisions

    Spreads & Commissions

    It is important for traders to have a clear understanding of the spreads, commissions, and other costs involved in trading with a forex broker. On their homepage, DBG Markets claims to offer spreads from 0.0 pips.

    However, there is no information available on DBG Markets' website regarding the commissions they charge. This lack of transparency can be inconvenient for traders, who may find it difficult to compare the broker's costs with those of other brokers. Additionally, the lack of information may make it challenging for traders to make informed decisions regarding trading strategies and profitability.

    However, assuming that DBG Markets charges competitive pricing, it could potentially offer low trading costs for its clients. Nonetheless, the absence of clear information on spreads and commissions could be a significant disadvantage for traders.

    Trading Platforms

    DBG Markets offers its clients the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely recognized in the industry for their powerful tools for technical analysis, user-friendly interface, and support for automated trading strategies with Expert Advisors (EAs). The platforms are available on desktop, web, and mobile devices, providing clients with flexibility in accessing their trading accounts.


    While the platforms offer a wide range of features and tools, including the ability to run automated trading strategies and use multiple order types, they have limited integration with third-party platforms and social trading features.

    Advantages Disadvantages
    • Wide range of tools and indicators for technical analysis • Limited selection of social trading features
    • User-friendly interface with customizable charts and workspace • Limited integration with third-party platforms
    • Ability to run automated trading strategies with Expert Advisors (EAs) • Limited support for backtesting and strategy optimization
    • Available on desktop, web, and mobile devices for flexible access
    • Support for multiple order types, including pending orders and stop losses

    Deposit & Withdrawal

    Payment Method Currency Fees Processing Time
    VISA Cards USD, EUR, GBP, AUD, NZD, CAD $0 Instant
    Bank Transfer USD, EUR, GBP, AUD, NZD, CAD $0 1-3 working Days (Deposit)/1 Working Day (Withdrawal)
    Chinese UnionPay CNY $0 Instant
    Skrill USD $0 Instant
    Webmoney USD $0 Instant
    Crypto USDT $0 Instant

    DBG Markets offers a variety of deposit and withdrawal options, including Visa, Bank Transfer, Chinese UnionPay, Skrill, Webmoney, and Crypto, with no fees for transactions. The company supports various currencies such as USD, EUR, GBP, AUD, NZD, CAD, CNY and USDT.

    However, there is limited information about the minimum deposit and maximum withdrawal amount.

    Most of DBG Markets' deposit and withdrawal methods are geared for instant transactions, providing a smooth flow of funds for DBG Markets' clients. However, it's worth noting that transactions involving Bank Transfers may take a bit longer. Deposits done via Bank Transfer could take approximately 1-3 working days to arrive and be processed, while for withdrawals a processing time of 1 working day is usually required. This expected delay is generally due to the banking systems and processing times of the banks involved, which vary between institutions. Thus, it is advisable to plan your transactions ahead, particularly if you prefer using Bank Transfers for your financial operations.

    Advantages Disadvantages
    • Multiple deposit and withdrawal options • Limited information on minimum deposit amount
    • No deposit or withdrawal fees • Limited information on maximum withdrawal amount
    • Various currencies available
    • Instant deposit and wiithdrawal processing time

    Customer Service

    DBG Markets offers a range of customer support options for traders, including 24/7 live chat and phone (+27 0861888221) support, as well as email ( support with a quick response time of within 2 hours.You can also send a message. Address: 16 BEDFORDVIEW TERRACE 48 ARTERIAL ROAD EAST BEDFORDVIEW.

    contact details
    contact form

    They also provide a physical address on their website, which adds to their credibility. However, there is limited FAQ section available on their website, which can be inconvenient for traders seeking quick answers to common questions.

    FAQ page

    However, there is no dedicated account manager available, and DBG Markets does not provide support through social media platforms.

    Advantages Disadvantages
    • 24/7 live chat support • No dedicated account manager
    • 24/7 phone support • No social media support
    • Quick email response time
    • Physical address listed on website
    • FAQ section available

    Frequently Asked Questions (FAQs)

    Q 1: Is DBG Markets regulated well?
    A 1: Yes. It is regulated by ASIC.
    Q 2: At DBG Markets, are there any regional restrictions for traders?
    A 2: Yes. It does not offer services to residents of certain jurisdictions, including but not limited to the United States of America, Iran, Afghanistan, Belgium, Hongkong, Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
    Q 3: Does DBG Markets offer demo accounts?
    A 3: Yes.
    Q 4: Does DBG Markets offer industry leading MT4 & MT5?
    A 4: Yes. Both MT4 and MT5 are available.
    Q 5: What is the minimum deposit for DBG Markets?
    A 5: The minimum deposit required to open an account with DBG Markets is not disclosed on their website.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.


    The Upgrade is Not Just Superficial, DBG Markets Official System 2.0 is Officially Released!

    NewsThe Upgrade is Not Just Superficial, DBG Markets Official System 2.0 is Officially Released!

    2024-06-04 15:22

    Recently, DBG Markets has upgraded its system comprehensively, and both its official website and customer management system have been updated to version 2.0. This upgrade not only has a brand new visual effect, but also has comprehensively optimized the functional layout and user experience, aiming to provide every user with a more efficient and convenient trading environment.

    2024-06-04 15:22
    The Upgrade is Not Just Superficial, DBG Markets Official System 2.0 is Officially Released!
    WikiFX Reviews DBG Markets

    NewsWikiFX Reviews DBG Markets

    2023-07-07 09:37

    In today's comprehensive review, WikiFX will delve into the details of DBG Markets, an established forex broker established in 2007.

    2023-07-07 09:37
    WikiFX Reviews DBG Markets
    Everything you need to know about Forex Trading in South Africa

    NewsEverything you need to know about Forex Trading in South Africa

    2022-05-06 15:55

    The foreign currency market is the world's largest financial market, with daily trading volume exceeding 85 trillion ZAR.South Africa's daily forex trading volume is projected to be approximately 271 million ZAR, and the South African rand is among the top 20 most traded currencies, with an annual trading volume over 1 trillion ZAR.

    2022-05-06 15:55
    Everything you need to know about Forex Trading in South Africa


    2022-05-04 15:01

    Aside from being the world's largest and most talked-about financial market, Forex has a highly compelling feature: it operates 24 hours a day, seven days a week. Being available and welcoming worldwide participation at all hours of the day and night is undoubtedly its finest feature. Even though Forex never sleeps and there are countless possibilities to begin trading, some time periods are preferable. Here's all you need to know about FX trading hours.

    2022-05-04 15:01

    User Reviews

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    Write a review

    Arjun Kapoor
    more than one year
    Quick service to verify the accounts and transfer the funds👍👍👍
    2024-05-16 14:10
    more than one year
    Nothing short of excellent. The 0 spread starting point, high leverage of up to 1:500, and fast deposit and withdrawal processes. Their various trading products, including forex, precious metals, shares, indices, and cryptocurrencies, provide abundant choices. I've found their customer support to be very efficient and available 24/7. Their transparency and possession of multi-regional licenses add credibility, making me trust them even more. Their MetaTrader 4 / MetaTrader 5 platforms are user-friendly and convenient – it’s never been easier to trade on the go. In short, smooth and hassle-free!
    2024-04-26 16:31
    more than one year
    Great service - Gabby is my account manager, she always contacts me promptly, even using WhatsApp to reach out because I'm in different countries/regions. Nothing but praises for her!
    2024-03-22 15:29
    more than one year
    I've gotta say - DBG Markets gives you a bit of everything! Been with them for a while and it's been quite a ride. They have their base in London and Sydney, with offices scattered all over the place like breadcrumbs. The range of trading instruments is a real treat. I mean, from forex and precious metals to shares, indices, and the like, it’s like having your own personal buffet. Sure, the maximum leverage of 1:500 is a bit of a tightrope walk, but if you play cautious, it can actually spice things up, you know? The whole Market Making stuff does make you pause though, feels like playing chess with the computer sometimes. But, hey, they are regulated by big names like ASIC and FCA, which throws in a reassuring lifeline. As for the trading platforms, trust me guys, MetaTrader 4 and 5 platforms are as addictive as Candy Crush, minus the craving for sugar. Moving funds around is also pretty chill with Visa, Bank Transfer, and even Crypto! And who doesn't like freebies? They've waived the transaction fees which is a neat bonus. Customer support needs a bit of a tune-up, though. I mean, they're prompt with live chat and phone calls but a social media presence would be really nice. I totally miss having a dedicated account manager, made me feel all VIP. Overall, DBG Markets is pretty smooth sailing, except for a few hiccups here and there. My advice - do your homework before you jump in. But once in, it's quite the adventure. Happy trading, folks!
    2023-09-13 18:03
    more than one year
    Stay away, guys, I swear that it is surefire to lose your money if you use this broker. I have been scammed for more than ten times. I bought this expensive trading experience this way.
    2023-02-24 14:24
    more than one year
    DBG Markets is the best broker in my mind. They offer an excellent online trading platform and charge a low brokerage fee. It is the most transparent forex broker. Continuous improvement and innovation made them the fastest-growing company...
    2023-02-14 18:35
    Daniel M
    more than one year
    DBG's customer service is excellent! They were able to help me with my questions in a timely manner. They will show you how to deposit and withdraw money. Although trading is more stable, swap is also higher
    2023-01-15 19:41
    more than one year
    I’ve been trading with GBG Markets for a while and I must confess it is an amazing broker, fast deposit and withdrawals, thoughtful and professional customer service…
    2022-12-19 09:46
    more than one year
    Everyone run away! This is a black platform! ! You can only deposit but not withdraw, because these evil liars will fabricate various reasons to reject your withdrawal application, and even let you re-deposit, in fact, they are all to defraud you of more money!
    2022-12-15 09:49
    more than one year
    DBG is an old trader in Australia, very trustworthy, recommended to me by a friend. I like to trade currency pairs with high leverage, and their customer service staff is also very professional and helped me process the withdrawal in time. There is no malicious increase in transaction costs, in short, it is very reliable!
    2022-12-13 09:58
    more than one year
    2022-11-05 14:12
    more than one year
    DBG markets SCAM BROKER
    2022-11-05 14:11
    more than one year
    2022-10-14 12:38
    more than one year
    2022-10-13 03:28
    more than one year
    Rotten ~ ~ ~ ~ malicious black platform
    2022-09-25 10:06


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