DG Flex Detailed Review
Claiming to offer an easy start, no hidden fees, and advanced trading tools, DG Flex broker seems like a place to be. However, once you dig a bit underneath the surface, you’ll understand that, despite its legitimate appearance, this broker is unregulated and not worth your time or money. Read our DG Flex review and find it all out.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FCA|
|Owned by:||SP ZOO SEPUR|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, cryptocurrencies, stocks|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About DG Flex Regulation?
DG Flex is a brand owned by SP ZOO SEPUR, registered in Poland. Brokers need to opt for the KNF regulation to provide financial services from this country. So, our first place to search was this particular register. Once we found nothing, we moved to other Tier 1 registers such as ASIC, FCA, BaFin, but still no trace of DG Flex regulation.
Knowing that the company is unregulated, we can advise you to avoid it. Usually, brokers avoid regulations so they wouldn’t be obligated to form compensation funds used to reimburse clients and because they tend to gather money and disappear.
DG Flex Warnings From Financial Regulators
It seems that DG Flex falsely represents itself as a part of a UK-regulated company, D G Financial Services Limited. Once the FCA received enough warnings, they decided to add DG Flex to the blacklist and mark it as a clone firm.
Be aware that D G Financial Services Limited uses the domain dgfs.biz and has no relation to DG Flex whatsoever.
Fund Withdrawal Issues
As you can conclude, company tried very hard to present itself as legitimate. It chose an EU country for its headquarters while claiming to be part of a UK-regulated firm. Seeing the similarity in their names, we believe that it wasn’t hard for clients to believe that they had been engaged with a legal business.
Once they take the money, DG Flex account managers have no obligation to return it since they’re not obliged by any regulation, and nobody supervises their activities.
If you have experienced any kind of issue such as unprocessed withdrawal requests, frozen or blocked trading accounts, let us know immediately.
Areas Of DG Flex Scam
The broker mainly operates in Germany, the Netherlands, and Canada, according to complaints. You should understand that scams have no boundaries, and since the broker belongs under no regulatory jurisdiction, DG Flex doesn’t bother to choose its victims.
Wherever you are, don’t accept any offers coming from this fraudulent trading firm, or you may risk becoming the next victim.
Traders About DG Flex Scam
First of all, this broker is forcing cryptocurrencies, bragging about offering the best platform and the most diversified assets. It all rang a bell for us to ask if clients are forced to deposit in crypto as well.
According to DG Flex reviews, even if you choose to transfer your funds via credit card, the company’s employees will use it to purchase crypto and cover the trace of the transaction. Reviews are full of negative comments and clients ask for a refund without any chance of getting it.
How Does Online Trading Scam Work?
Usually, online trading scams start with a fraudulent ad showing how much money you could make if you have used a certain software, brokerage, or similar. Once you enter your details, you will be harassed until you actually pay the money.
In the case of DG Flex, you will need to have $10,000 ready, which we would say is tremendously high and implies a scam.
Once you fall for the story and deposit the funds, your struggle will begin. Everything will seem fine until you ask for your first payout, and then you’ll simply be blocked and ignored.
Pay Extra Fees Before Withdraw
DG Flex is one of those brokers who won’t give up if there’s money to extort. They will try to sell you a story about paying fees and taxes prior to getting money back. Even if you go with it and pay the money, you will never get a withdrawal; just lose everything you ever paid to this fraudulent firm.
Scammed by DG Flex? – Tell Us Your Story
Let us know whether you’ve been scammed by DG Flex or a similar bogus broker. Our chargeback specialists are here to hear your story and assist you in filing a dispute.
But What Is A Chargeback?
A chargeback is a way for your bank to get a refund if you prove that you have been scammed. Contact us via online chat to book a free consultation and get all the details about your particular case before it’s too late!
What Is DG Flex?
DG Flex is an online trading Forex and CFD provider without a license.
Is DG Flex Regulated?
No, company is not regulated and provides trading services without any authorization.
Is DG Flex A Scam Broker?
Broker has been marked as a UK-based clone firm and blacklisted as a scam.