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In recent times, we have had a lot of complaints about a fraudulent platform called Dcmgroup, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that IT is a scam platform. Just to clear any doubts, they are a SCAM.

If you have been scammed and you are looking for ways to recover your money from Dcmgroup, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

CNMV has already issued a warning to Dcmgroup. The platform is blamed by the Spanish authorities for disobeying the legal requirements. Learn about the warning signs identified in our in-depth Dcmgroup REVIEW.

This platform, Dcmgroup (Dcmgroup.io), will only make your life miserable. Recently, the site has made headlines for all the wrong reasons. Regarding Dcmgroup.io, the Spanish authority issued a warning. Despite its allure, it would be best if you avoided the platform. The platform entices customers by promising large gains in a short period of time. As a result, the company has seen hundreds of users lose money. Read our lucid DCMGROUP.IO REVIEW to learn more.

Pros and Cons of Dcmgroup

The Marshall Islands are home to the platform’s parent firm. Dcmgroup.io is an unlicensed, offshore trading platform. With such a platform, it is impossible to invest with the expectation of taking no risks.

Given that it is an offshore platform, you would expect them to disregard the strict regulatory structure. But what you actually get is a platform that doesn’t respect investors. You obtain a platform that keeps your funds in storage and refuses to release them.

Investors must spend money on trustworthy trading tools that give them a competitive edge. Therefore, we advise investing in cryptocurrency trading bots that have the support of industry professionals. You need these tools to develop your trade.

With that, A trading platform called Dcmgroup preys on unwary investors. Even the design is deceptive, and navigation is an issue. Furthermore, there is a lack of clear information, which portends much worse developments.

The platform seems to be successfully represented on the about us page. Members are regretting their choice to sign up, therefore it’s unfortunate that this is distant from reality. Their withdrawal requests are ignored by the platform, which even disables these accounts.

Dcmgroup.io is a mediocre scam broker that bears no resemblance to the myriad other websites like it that have been registered on pleasant offshore locations. It is unregulated, dubious, and hides some very nefarious elements in its legal documents.

All of the trade information had to be obtained from Dcmgroup because we were unable to open an account there. As a result, we must caution our readers that what follows may not be entirely accurate.

Dcmgroup: Is it Reputable?

No, Dcmgroup.io is an offshore broker operating on regulated markets without any kind of authorization, which is why the CNMV in Spain blacklisted it. Your best bet, if you live in an EU Member State, is to stick with brokers who have EU licences; you can see some of them here.

Because offshore brokers like the one in question are not permitted by law to provide financial and investment services in Spain or in any other nation that is a member of the European Union or the European Economic Area, the Spanish authority issued a warning against Dcmgroup.io. What’s more, regulators frequently issue these advisories following complaints and information from investors who have been defrauded of their money.

In any case, it is claimed that ARCHAX LTD, a business reportedly registered in the Marshall Islands, is the owner of Dcmgroup.io. Due to its loose tax laws and lenient corporate incorporation regulations, the Marshall Islands are regarded as one of the top travel destinations for scam brokers. The fact that Dcmgroup.io has an offshore registration and has received a warning suggests that it is one of those brokers.

Additionally, the same company’s Archax Trade brand, which we just exposed, is on the UK’s FCA’s blacklist. Stay away from any such dubious offshore brokers; they are undoubtedly con artists, especially if they have managed to get past financial regulators.

Because it offers investors a high level of safety, it is best to stick with reputable and licenced businesses like those governed by the EU. Brokers licenced in an EU Member State are required to provide negative balance protection, record open and closed trades daily, and maintain a minimum level of capital at all times.

Can I make money using Dcmgroup?

No, you cannot make any money with an unregulated broker, much less one that has already been revealed as a fraud like Dcmgroup.io. Additionally, the broker’s deposit and withdrawal conditions are incredibly unjust. In fact, staying with legitimate brokers, such as those authorised to conduct business in the UK, would be preferable if you wanted to generate money.

Dcmgroup.io seems to provide trading bonuses with the typical caveats; in order to withdraw the bonus monies, you must fulfil a minimal trading criterion that is nearly impossible to meet:

Because it might be difficult to tell the difference between deposited and non-deposited funds once a trader receives a bonus, scam brokers like Dcmgroup.io are known to utilise such terms as an excuse to completely block withdrawals.

The best course of action before using any trading platform is to conduct some research. Try to find out what reviews that platform has received from other users. Additionally, you can ask us to conduct a review for you. Before investing money, investors need to understand what they are getting into.

Acceptable Forms of Funding

Members can fund their accounts through a number of depository ways. These consist of wire transfers and banks. Cryptocurrency can also be used to sustain your account. If possible, the platform will require cryptocurrency payments.

After financing your account with bank and wire transfers, the sum appears in your trading account. The money doesn’t show up in your trading account for 24 hours. Following that, you can begin trading and making money.

The moment when money must be withdrawn is when chaos reigns. The platform will devise strategies to prevent withdrawals. You are given a number of justifications, like the fact that your bank account won’t accept their payment options.

The platform demands cryptocurrency payments because there is no way to identify the recipient. And for this reason, we must expose the platform’s questionable behaviour. Furthermore, there is no possibility to make money after investing through the platform.

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Dcmgroup accounts

Members of Dcmgroup.io have a choice of four accounts. They include Basic, Standard, Pro, and VIP accounts. These accounts each have a unique set of characteristics. Let’s examine each account in more detail;

Basic
You must have at least €3,500 in your account before you may use the basic account. Members using the platform benefit from competitive spreads and a leverage of 1:200. Live feeds and European trade marketplaces are also included.

Standard
The basic account holder is required to make a minimum deposit of €7,000. Additionally, there is a 20 per cent welcome bonus available solely on European trading markets. Members have access to the masters’ partial mastery at a leverage of 1:300.

Pro
To begin using the pro account, you must deposit €25,000. Members receive fixed spreads and a 50% welcome bonus. Additionally, you receive a private account manager with a leverage ratio of 1:400.

VIP
The account is geared toward corporate clients. The required minimum deposit is €100,000. The initial welcome bonus varies, and members receive individualised services. The VIP account holder’s leverage is 1:500.

Dcmgroup.io accounts

Account Options
When it comes to excessive leverage, we must voice our concerns. The platform violates accepted industry norms. For instance, all assets can have a maximum leverage of 1:100 in Europe. Therefore, any platform that sets larger leverage is illegal.

Due to high leverage, you take on greater risk and ultimately lose a lot of trades. However, the platform gains a lot from your losses. Regulators had to intervene in order to safeguard traders and investors from excessive leverage.

Account Executives
These call centre representatives serve as account managers. We think that every time a client deposits money, these agents earn a commission. The management will call you and tell you about a profitable opening in their company.

To make the position seem appealing, these managers will say it is only for a chosen few. The account manager won’t contact you again after you give in and deposit money. They are swiftly replaced by a new manager thanks to the platform.

Money is secure at Dcmgroup.io, right?

A platform that doesn’t provide insurance protection puts your money in grave danger. Additionally, the site does not separate accounts. All deposits, in our estimation, are kept on the site in individual bank accounts.

The platform also fails to make the required minimum deposit with authorities. It is the sum that regulators utilise as security for investor deposits. For instance, such platforms must deposit €20 million in Europe.

Without insurance, the platform has the option of shutting down immediately. Regulators won’t pay any compensation to members. After all, the trading services were launched by the platform according to predetermined protocols.

Assets that are accessible and trading tools

The website offers five different categories of trading assets. These include equities, indexes, currencies, cryptocurrencies, and commodities. Gold, natural gas, sugar, wheat, and other commodities are traded.

There is only one cryptocurrency that may be traded against the USD. The only cryptocurrency supported by the platform is Bitcoin. Given the market’s volatility, we anticipate the platform will provide more than one cryptocurrency.

The main activity on the platform is actually forex trading. Consequently, there are major and minor currency pairs. Only forex trading assets are available for duplicate trading on the site. We oppose it because the outcomes are far from ideal.

Are your funds secure at Dcmgroup?

Bonuses available
The site goes ahead and gives new account members welcoming bonuses. It’s a ploy to persuade investors to sign up. These are traps designed to entice you to make larger deposits in the expectation of receiving additional bonuses.

Platforms that reward investors are opposed by industry regulators. But regrettably, we have a platform that disregards the guidelines. Instead, the platform will insist that you repay the bonus sum in full before you may withdraw money.

Imagine the account holder who earned a 50% bonus of €3,500. To obtain money now, they must deposit the same sum. The platform typically closes the accounts after these users deposit.

Contact and assistance

Staff employees won’t be able to assist you because the site only allows email-based communication. It’s one means of managing the conversation. As you have already provided your contact information, it makes it simple for the platform to get in touch with you.

License and Registration for Dcmgroup.io

Is Dcmgroup.io Authorized or Controlled? An alert from CNMV
There is no regulatory authority licence for Dcmgroup.io. What we have is a platform that CNMV is criticising. Investors have already been cautioned by the Spanish regulator not to use the platform.

Conclusions Dcmgroup.io

We strongly advise you to avoid Dcmgroup since it is a fraud.

Choose trustworthy crypto trading tools to provide you with a competitive edge. Use trustworthy cryptobots that have a track record of success.

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