CFD broker DMF Partners – reliable financial agent or just another scam? Review of the trading platform, reviews
Unique overview of DMF Partners
The expressed silence regarding a broker curating services for many years almost certainly evokes distrust. Perhaps the company is dormant, or perhaps the creators are carefully constructing a fictitious image of a loyal veteran.
The DMF Partners team asserts that their trading platform has been operating for four years and is becoming known on several continents: Europe, Asia, Australia. Claims to global presence. But where are the reviews? According to the official version, there are none. It is hard to believe that in four years of operation, not a single client has made an impression on the public. Let’s delve into the intricacies of a detailed analysis of the service, which will reveal all the cards.
Shedding light on “DMF Partners”: confirmed information
The website of the brokerage firm clarified the following facts to us:
- platform foundation – 2017,
- a partner program of DMF Partners has been launched since 2018,
- recently, the company actively promoted itself and developed a long-term growth strategy.
The legend that the DMF Partners team tried to form, shattered based on facts. It was discovered that the actual registration date of the domain name dmfpartners.com does not match the information advertised by the company. The absolute lack of reviews in the online sphere indicates that the service started only in August of this year when the website underwent a transformation.
All the statistical data presented by the company DMF Partners is deceptive. Undoubtedly, a brokerage firm operating in the market for just a couple of weeks cannot attract more than two hundred thousand clients. It would be hasty to claim that the daily turnover of an unknown website exceeds 34 million US dollars.
It will take a lot of time! Only with a plethora of positive reviews will the company be able to build a strong customer base, and that hasn’t happened yet.
On the official website of ‘DMF Partners,’ there is a contact phone and email available. To contact the support service, the audience can also use the callback function.
Regulation of activities
During the analysis of “DMF Partners,” it was found to be based in Cyprus. Confirmation of being in an offshore region does not ease the status of a financial agent. Trust in such structures is minimal, especially when it concerns a mediator without public praise from real clients.
Additionally, the reviewed entity does not fall under any license. Although the project’s authors point out the existence of the Financial Services Commission of Mauritius, the International Financial Services of Belize, and the Cyprus Securities and Exchange Commission, in reality, the organization is not regulated. The certificates flaunted in front of people from DMF Partners are empty. Finding this out is quite easy through search queries on the websites of the aforementioned regulators. Let’s look at one of the responses received:
The proportional conclusions were shown by the official internet search engine for websites directed at other regulatory organizations. DMF Partners’ offices have no recognition. By concocting stories about having permits to operate, fraudsters rely on verbal trust. In reality, the enterprise operates without authorization.
Analysis of marketing offers
It was revealed that “DMF Partners” presents financial opportunities on the following assets:
- fiat currencies,
- cryptocurrencies,
- metals,
- commodities,
- stocks,
- indices.
The firm offers over 120 trading positions. These are the basic offerings of most prominent structures acting as financial intermediaries in Forex and the CFD market.
User accounts can also engage with the DMF Partners’ partner program. By analyzing it, we noticed that the organization has three types of partnership paths:
- “Freelance agent,”
- “Franchising,”
- “Call center.”
Without a reserve of evaluative reviews, the effectiveness of the partner program cannot be confirmed. However, we will only mention that the conditions face mercilessness from the actual brokerage organization (participants are guaranteed 20% of profits) and can lead to competition. In conclusion: the powerful calculations with partners are not the trump cards of scammers. The argument for passive income is formulated by “DMF Partners” solely as a method to attract a new generation of clients.
Assessment of DMF Partners’ tariff offerings
Users are offered to open one of three accounts:
- “SILVER” (for beginners). Minimum deposit level – 1000 USD, margin – 1:20, instant trade execution, range of tradable assets not specified,
- “GOLD” (for advanced players in financial markets). Initial injection – from twenty-five thousand US dollars, leverage given up to 1:200, no swaps indicated, placement in PAMM accounts, as well as trading in seeming assets and metals,
- “BRILLIANT” (with the best conditions for transactions). That account threshold is at a replenishment of 50,000 dollars, provided fund insurance and personal manager service, margin – 1:500, individual PAMM account, no swaps, variation of indices and ETFs.
At the start of the analysis, we found that there is no test account version at “DMF Partners.” Traders are urged to risk their own financial resources immediately. When a newly established broker insists on the truth with a focus on a significant minimum deposit, the user risks a substantial sum. There would be no return – the firm acts randomly, therefore chasing scammers is not advisable. It remains to describe the conri on forums and to lament over cautious actions.
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- Excellent strategies for optimal currency market trading,
- How to check the forex dealer’s license?,
- How to find the most important forex dealer in 2020: key criteria
Final review content
DMF Partners – a recent service provider in the financial market trading sector. The project creators blatantly falsify, claiming a very strong demand in various countries. But the emptiness of reviews about the presented firm on the internet suggests caution.
The brokerage firm stands without registration and is located in a murky offshore area, moreover, nobody vouches for the safety of collaboration. We do not recommend trusting a company that operates uncleanly. Stay away for the safety of your own capital and to avoid debt traps.