DolceFX Review Is Dolcefx.com Legit Or Scam

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DolceFX Review: Is Dolcefx.com Legit Or Scam?

Dolcefx.com Review: this is the name of a Forex broker that offers CFD trading. It claims to be based in the offshore region of Seychelles. Is it safe to invest funds in DolceFX? Read what our investigation reveals about this company before doing anything else.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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On the website of DolceFX, the brokerage reveals it is located in Victoria, Mahe, Seychelles. This is an offshore region where forex trading is not under proper regulation. This makes it a choice base for scam companies. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of DolceFX

Dolce FX allows clients to choose from many trading instruments. Funding is allowed via many payment options as well as withdrawals. Not much else is published as the advantages of trading with this broker. It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

DolceFX Trading Platform

No useful information is provided about the trading platform provided for clients of the DolceFX Forex broker. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are Forex currency pairs and CFDs on some undisclosed commodities. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:200 but the spread used are not disclosed. Some leverages are generous but may lead to loss of funds.

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Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on DolceFX

The means of making deposits and withdrawals with the Dolce FX Forex broker are MasterCard, NASDAQ, SWISS EXCHANGE, VISA, Web Money, Yandex, and Qiwi. Despite looking like a lot of options, we are unimpressed as popular e-wallets are not mentioned.

This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is $250, which we find encouraging because it is within the average requirement among brokers. The withdrawal conditions of this broker are not listed, which is suspicious.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is DolceFX Licensed?

No. DolceFX is not a properly licensed and registered broker. Even if anyone comes across a mention of licensing from this firm, so long as it is based in the offshore location, it is not likely to be a trustworthy one.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get more information about this broker, contact customer support services via (phone: +442039363296 or +442080897243) or (email: [email protected]).

Conclusion

We cannot rate DolceFX high because it lacks the needed proper regulation. The affordable minimum deposit requirement and solid leverage are encouraging. But spreads are undisclosed and e-wallets are not supported.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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