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DTX Markets Review - is it scam or safe?

DTX Markets Review - is dtxmarkets.com scam or good binary options broker?

RATING: 1 / 3 REVIEWS DTX Markets
DTX Markets is not regulated. We cannot guarantee your money is safe.

Trading Accounts & Conditions

 

Minimum investment Expiry Times Payout % Regulation
£3 3 sec. to 5 hours + long-term Up to 80% None

 

DTX Markets is a binary options broker that offers trading in cryptocurrency pairs on UniTrade platform. While the platform and the payouts (fixed at 80% on all pairs) might seem good to some investors, we have a lot of concerns regarding this company.

 

 

DTX Markets Advantages:

 

Solid choice of cryptocurrencies

The broker offers trading in binary options, which it refers to as Fixed Return Options (FROs) or “digital options”, and has a clear focus on cryptocurrencies as underlying assets. It offers trading in some of the most popular coins – Bitcoin, Ethereum, Riple, Monero, Litecoin, Zcash, USDT, and others. They are traded against each other.

 

Nice web platform

DTX Markets uses UniTrade – a web trading interface that is very intuitive and leaves a good overall impression. The charting is top-notch, powered by TradingView, and also has some social trading options. Here is a snapshot:

 

 

DTX Markets’s web trading platform.Cclick to zoom in.

 

No initial deposit set

This broker has set no minimum initial deposit requirement, so you can start with a small investment of just £3 and risk less.

 

 

DTX Markets Disadvantages:

 

Registered offshore, FCA warning against it

The brand is owned by JRC Global Group LTD, a company registered offshore, on the British Virgin Islands. As most of you probably know, forex and binary options brokers in offshore zones are not overseen by any governmental agency.

 

 

Yet, the broker also mentions an address in the UK and seems to target UK investors, as the investing amounts are displayed in pounds. That being said, the UK Financial Conduct Authority (FCA) has included DTX Markets in its warning list of investment companies targeting local investors without their authorization. According to the UK financial watchdog, DTX Markets is falsely using this UK address that it is not associated with in any way.

 

No Forex, CFDs on indices, stocks, commodities

Although DTX Markets offers a lot of crypto coins for trade, it does not cover more traditional asset classes, such as forex, commodities, indices or stocks. One cannot trade in EUR/USD, nor Gold, for example.

 

Payouts not that attractive

Payouts at DTX Markets amount to 80%, if an option expires in-the-money. Such percentage is actually not that high, as most brokers offer returns amounting to least 83%.

 

 

Conclusion

 

DTX Markets is a binary options broker that offers trading in cryptocurrencies. Although its platform is good and payouts might seem attractive to some investors, we cannot recommend it. The major reason for our poor opinion on DTX Markets is the fact that it is registered offshore and that the UK’s FCA has warned the public against doing business with it.

 

As some of you probably know, ESMA has banned binary options altogether (as of July 2, 2018), and there have remained no reliable regulators in the binary options industry. Previously, most regulated binary options brokers were holding licenses from the Cyprus Securities and Exchange Commission (CySEC).

 

If you are keen on trading Bitcoin and other digital assets, you would be better off with a major crypto exchange or a reputable and regulated forex broker that offers crypto CFDs.

 

 

>> Trade Bitcoin with a well regulated broker <<

 

 

To sum up the strong and weak sides of DTX Markets:

 

Pros Cons
Solid choice of cryptocurrencies Registered offshore, FCA warning against it
Nice platform No Forex, CFDs on indices, stocks, commodities
No initial deposit required Payouts not that attractive
Latest news about DTX Markets
No news about DTX Markets . Check back later.
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Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
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Traders` reviews for DTX Markets

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Summary

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DTX Markets Scam

I was stupid enough invest a huge amount of money with DTX, based on the reviews I had read. All seemed to go well with lots of communication with my broker and the customer support...which all stopped in July, when I was told I was too late for my dividend - I hadn't been given clear instructions- I was then expecting a lovely dividend in January 2019 - as told by customer services...to be told 3 weeks later that I had been very unfortunate and the dividend was gone - nothing. Since then they have not replied to phone calls nor e.mails.

I wish I had read about scam advice back in February 2018!

D Wilson 06/11/2019

DTX scam

DTX is a whole scam do not trust them, the person who was managing my account told me to keep on buying the coins buy using the Luno app, please I am currently pointing together a legal case against companies like this on myscamexperience. The more we are the stronger our case, I believe by sharing our reviews we can help others avoid scams like this.

Eric 03/29/2019

Definitely a scam

Just a heads up that this is 100% a scam - the address registered in the UK is for a company that has never heard of DTX Markets.

https://www.fca.org.uk/news/warnings/dtx-markets

Anonymous 11/02/2018
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