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DLS GROUP

United States|2-5 years|
Suspicious Regulatory License|MT4 Full License|Chinese market only|Suspicious Overrun|High potential risk|

http://www.dlstraderfx.com/zh-cn

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
DLS-demo MT4
Server Location Hong Kong

Contact

info@dlstraderfx.com
http://www.dlstraderfx.com/zh-cn

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

DLS Group Limited

Company Abbreviation

DLS GROUP

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0271678) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Expose

DLS GROUP · Company Summary

Aspect Information
Registered Country/Area United States
Founded year 2-5 years (exact founding year not provided)
Company Name DLS Group Limited
Regulation Unverified NFA regulation, caution advised
Minimum Deposit $100
Maximum Leverage 1:500
Spreads Typically around 1 pip for most major currency pairs
Trading Platforms Online Trading Platform, Mobile Trading Platform
Tradable assets EQUITY INSTRUMENTS, DEBT INSTRUMENTS, DERIVATIVE INSTRUMENTS, COMMODITY INSTRUMENTS, FOREIGN EXCHANGE INSTRUMENTS, REAL ESTATE INSTRUMENTS
Account Types Current Accounts, Savings Accounts, ISAs
Demo Account Information not provided
Islamic Account Information not provided
Customer Support Information not provided
Payment Methods Bank transfer, Credit/Debit card, E-wallet
Educational Tools Information not provided

Overview of DLS GROUP

DLS GROUP Limited, a United States-based company, claims to offer various financial instruments through its trading platform. However, caution is advised as there are concerns about the legitimacy of its claimed regulation by the United States National Futures Association (NFA). The absence of valid regulation raises significant risks for those considering engaging with this unregulated entity.

The market instruments offered by DLS GROUP include equity instruments such as Common Stock and Preferred Stock, debt instruments like Bonds and Debentures, derivative instruments such as Futures contracts and Options, commodity instruments like Commodity Futures and Exchange-Traded Commodities (ETCs), foreign exchange instruments like Spot Contracts and Currency Options, and real estate instruments like Real Estate Investment Trusts (REITs) and Real Estate Mortgage Investment Conduits (REMICs).

DLS GROUP provides current accounts, savings accounts, and ISAs to cater to different banking and saving needs. Leverage of up to 1:500 is available for trading products, and the spreads and commissions are in line with industry standards. The minimum deposit required is $100, and various deposit and withdrawal methods are supported, although fees may apply.

The company offers an Online Trading Platform and a Mobile Trading Platform for investors to execute trades and access real-time market data. However, specific information about customer support is currently unavailable. Reviews on WikiFX indicate negative exposure and complaints, including allegations of involvement in pyramid schemes and scam activities, difficulties in fund withdrawals, and dissatisfaction with the platform's performance and customer support.

basic-info

Pros and Cons

DLS GROUP, a financial services provider based in the United States, presents a set of pros and cons for potential clients to consider. On the positive side, the company offers a wide range of market instruments and account types, along with the advantage of a maximum leverage of 1:500, enabling clients to amplify their trading positions. Moreover, DLS GROUP provides accessible online and mobile trading platforms, catering to the needs of investors on the go. Additionally, the availability of tax-efficient ISAs and various deposit/withdrawal methods provides options for clients. However, caution is warranted, as DLS GROUP is not regulated by a valid authority, and there have been suspicions regarding the legitimacy of its claimed NFA regulation. Negative reviews and complaints about scams, difficulties in withdrawals, limited information about customer support, and the unavailability of the main website further raise concerns for potential investors. Moreover, there is a minimum deposit requirement of $100, which may be a consideration for some traders.

Pros Cons
Offers various market instruments Not regulated by a valid authority (suspected clone NFA regulation)
Provides different account types Negative reviews and complaints about scams and difficulties in withdrawals
Maximum leverage of 1:500 Limited information about customer support
Provides online and mobile trading platforms Limited information on trading conditions
Offers tax-efficient ISAs Main website currently unavailable
Variety of deposit/withdrawal methods Minimum Deposit: $100

Is DLS GROUP Legit?

DLS GROUP claims to be regulated by the United States National Futures Association (NFA) with license number 0271678 and under the name of JOHN LAWRENCE KELLER. However, it has been verified that this broker currently has no valid regulation, and its claimed NFA regulation is suspected to be a clone. As a result, there may be significant risks associated with dealing with this unregulated entity. Caution is advised when considering any financial services offered by DLS GROUP.

regulation

Market Instruments

EQUITY INSTRUMENTS: DLS GROUP offers Common Stock, Preferred Stock, Warrants, and Convertible Bonds. Common Stock grants ownership and voting rights, while Preferred Stock provides fixed dividends and priority in liquidation. Warrants allow buying shares at a fixed price, and Convertible Bonds can be converted into common stock.

DEBT INSTRUMENTS: DLS GROUP offers Bonds (Government and Corporate), Debentures, and Mortgage-Backed Securities (MBS). Bonds involve borrowing money and paying interest until maturity. Debentures are unsecured loans, and MBS is backed by a pool of mortgages.

DERIVATIVE INSTRUMENTS: DLS GROUP provides Futures contracts, Options, and Swaps. Futures allow buying/selling assets at a set price on a future date. Options provide the right (but not obligation) to buy/sell assets at a specific price within a timeframe. Swaps exchange cash flows based on financial variables.

COMMODITY INSTRUMENTS: DLS GROUP deals in Commodity Futures and Exchange-Traded Commodities (ETCs). Commodity Futures involve buying/selling commodities at a predetermined price and date. ETCs represent ownership of commodities without physical possession.

FOREIGN EXCHANGE INSTRUMENTS: DLS GROUP offers Spot Contracts, Forward Contracts, and Currency Options. Spot Contracts allow immediate currency exchange at the market rate. Forward Contracts fix an exchange rate for future transactions. Currency Options provide the right to buy/sell currency at a specific rate on/before a particular date.

REAL ESTATE INSTRUMENTS: DLS GROUP deals in Real Estate Investment Trusts (REITs) and Real Estate Mortgage Investment Conduits (REMICs). REITs own/finance income-generating real estate. REMICs represent pooled mortgages with distributed income to investors.

Pros and Cons

Pros Cons
Diverse range of market instruments available Limited information on trading conditions
Offers various options for investment diversity Main website currently unavailable
Potential for owning and voting rights (equities) Not regulated by a valid authority (suspected clone NFA regulation)

Account Types

CURRENT ACCOUNTS:

Current accounts provided by DLS GROUP are designed for everyday banking needs. They come with standard features like a debit card, online and mobile banking access, and bill pay services. Some current accounts may also offer additional benefits, such as earning interest on the deposited funds, access to ATMs, and the option to have a cheque book.

SAVINGS ACCOUNTS:

DLS GROUP offers savings accounts as a means to save money for future needs. These accounts typically provide a higher interest rate compared to current accounts, encouraging customers to grow their savings over time. Some savings accounts might also come with extra features like tax-free growth on the interest earned, access to a range of investment opportunities, and the advantage of no withdrawal fees.

ISAS:

DLS GROUP provides ISAs (Individual Savings Accounts) which are tax-efficient savings accounts. Different types of ISAs are available, each offering unique benefits to investors. These accounts often come with tax-free growth on the accumulated savings and investment options. Additionally, some ISAs may have no withdrawal fees, allowing customers to access their funds without incurring any additional charges.

Pros Cons
Offers everyday banking needs Not regulated by a valid authority (suspected clone NFA regulation)
Higher interest rate compared to current accounts Limited information on specific features and benefits of each account type
Tax-efficient savings accounts

Leverage

DLS GROUP offers a maximum leverage of 1:500 on all of its trading products. This means that for every $100 that you deposit, you can trade up to $50,000 worth of assets. The leverage offered by DLS GROUP is in line with the industry average.

leverage

Spreads & Commissions

DLS GROUP charges spreads on all of its trading products. The spreads are typically around 1 pip for most major currency pairs. Commissions are charged on some products, such as futures and options, and the rate is generally around $0.50 per contract. The spreads and commissions charged by DLS GROUP may change from time to time. For the most up-to-date information, please visit the DLS GROUP website or contact a customer service representative.

Minimum Deposit

The Minimum Deposit required by DLS GROUP is $100.

Deposit & Withdrawal

DLS GROUP offers a variety of deposit and withdrawal methods, including bank transfer, credit/debit card, and e-wallet. There are fees for deposits made via credit/debit card and e-wallet, but there are no fees for withdrawals. The minimum deposit amount is $100 and the minimum withdrawal amount is $50. The processing time for deposits and withdrawals varies depending on the method used.

Pros Cons
Variety of deposit and withdrawal methods Fees for deposits made via credit/debit card and e-wallet
No fees for withdrawals Minimum deposit amount: $100
Offers options in choosing deposit and withdrawal options Minimum withdrawal amount: $50

Trading Platforms

ONLINE TRADING PLATFORM:

DLS GROUP offers an Online Trading Platform, providing investors with a digital interface to execute trades. This platform allows customers to buy and sell various financial instruments, such as stocks, bonds, and commodities, through their internet-connected devices. The Online Trading Platform offers real-time market data, charts, and analysis tools to help users make informed decisions. Investors can place orders, track their portfolios, and access research resources through this platform.

trading-platform

MOBILE TRADING PLATFORM:

DLS GROUP provides a Mobile Trading Platform, enabling investors to trade on the go. The mobile app offers a user-friendly interface, allowing customers to monitor the markets, execute trades, and manage their accounts using their smartphones or tablets. This platform ensures that investors can stay connected to the financial markets and act promptly on market movements, irrespective of their location.

trading-platform
Pros Cons
Online Trading Platform with real-time market data Limited information on trading conditions
Access to a variety of financial instruments Mobile app details (features, reliability) not specified
User-friendly Mobile Trading Platform for on-the-go trading Trading platform performance and stability not mentioned

Customer Support

No specific information about the Customer Support of DLS GROUP is available at the moment.

Reviews

The reviews of DLS GROUP on WikiFX indicate several instances of negative exposure and complaints. There are allegations of it being involved in a pyramid scheme and scam activities. Some users have reported difficulties in withdrawing funds, and there are warnings to be cautious about the platform's legitimacy. Traders have expressed dissatisfaction with the services, stating that they have been defrauded and had negative experiences with the platform's performance and customer support. Overall, the reviews suggest a lack of trust and confidence in DLS GROUP as a reliable trading platform.

exposure

Conclusion

DLS GROUP, a company based in the United States, offers various market instruments, account types, leverage options, and trading platforms to its customers. However, caution is advised due to concerns about its legitimacy and regulatory status, as it claims to be regulated by the United States National Futures Association (NFA) but there is suspicion that its regulation might be a clone. The reviews of DLS GROUP on WikiFX raise further doubts, with negative feedback indicating issues related to customer support, alleged involvement in pyramid schemes and scams, difficulties in fund withdrawals, and overall lack of trust in the platform's reliability. Potential users should carefully assess the risks associated with dealing with an unregulated entity before considering any financial services offered by DLS GROUP.

FAQs

Q: Is DLS GROUP a regulated company?

A: DLS GROUP claims to be regulated by the United States National Futures Association (NFA), but its regulation status is doubtful, and caution is advised.

Q: What financial instruments does DLS GROUP offer?

A: DLS GROUP offers equity instruments (stocks, bonds, etc.), debt instruments (bonds, debentures, etc.), derivative instruments (futures, options, etc.), commodity instruments (commodity futures, ETCs), foreign exchange instruments, and real estate instruments (REITs, REMICs).

Q: What types of accounts are available at DLS GROUP?

A: DLS GROUP provides current accounts for daily banking needs, savings accounts for higher interest rates, and ISAs for tax-efficient savings.

Q: What is the maximum leverage offered by DLS GROUP?

A: DLS GROUP offers a maximum leverage of 1:500 on its trading products.

Q: What are the deposit and withdrawal options at DLS GROUP?

A: DLS GROUP accepts bank transfer, credit/debit card, and e-wallet for deposits and withdrawals.

Q: What trading platforms does DLS GROUP offer?

A: DLS GROUP provides an Online Trading Platform and a Mobile Trading Platform for investors to trade digitally and on-the-go.

Q: Are there any reviews or feedback on DLS GROUP?

A: Reviews suggest negative experiences and complaints about DLS GROUP, cautioning about its legitimacy and performance.

User Reviews

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FX1389515178
more than one year
Dear DLS GROUP Team, I am sending many emails to support mail id, but no response from your end. I don’t understand why you are not replying to emails, so my humble request is to look into my issue and resolve the same. If you guys continue to neglect my withdrawal requests, I’ll report you to the regulatory institutions.
2023-03-24 16:18
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