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Score

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/10

DEM

China|5-10 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

http://www.demfx.com/en-us/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
DEMMarkets-Demo MT4
Server Location Hong Kong

Contact

4008195100,212-430-2144
http://www.demfx.com/en-us/

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

4008195100,212-430-2144

Chinese (Simplified)

4008195100

Broker Information

More

Company Name

DEM markets limited

Company Abbreviation

DEM

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0509523) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

DEM markets offers high service fees and no depositing and withdrawing records, whose agent is suspected of fraud

Record of depositing and withdrawing couldn’t be found on DEM market’s website. That is a irregular platform. It is completely a personal account. Money is allowed by the platform to deposit from a small local bank. There is no foreign account. The service fee for depositing money is unimaginably high. I withdrew 7,377 dollars, but only 5,076 yuan was credited into my account. The website is often inaccessible. Once when I didn’t trade on the trading software, the margin level suddenly dropped by 20%. Besides it doesn’t set strict rules on agents recruitment. As a result, the agents have tried with all methods to incite people to deposit in their platform. Women dressed as men or men dressed as women, and they will first add people via social media, and then claim themselves as veterans in forex investment, with friends in the Shanghai Financial World Trade Zone as professional foreign exchange analysts. They will also put down the alert mentality of those investors by telling that they have profitable inside market information. And they further incite the investors to trade with them. When the people deposited in, the agents will ask them to open heavy positions, telling orders as soon as they get profits, and ask them not to be greedy waiting for their friends’ profitable quotations. By doing so, the agents earn high service fees and finally make the investors lose everything!

DAJIBUFAFENZI
2019-05-26 17:08

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