DolfinIndex Detailed Review – Is A Proven Trading Scam
DolfinIndex Detailed Review – Is A Proven Trading Scam

We suspect this firm is another offshore boiler room based on everything we see on the DolfinIndex website. However, let’s stick to the facts. This review will describe everything we managed to uncover about the brokerage.

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:N/A
Owned by:N/A
Headquarters Country:N/A
Foundation year:2022
Supported Platforms:WebTrader
Minimum Deposit:$250
Types of Assets:FX, indices, commodities, stocks, cryptocurrencies
Maximum Leverage:1:500
Free Demo Account:No
Accepts US clients:Yes

What About DolfinIndex Regulation?

Typically, trading companies post their owner and a license number on the main page so that clients can be sure they’re dealing with the right firm. On the DolfinIndex website, we found no such thing. It led us to believe that this firm is not licensed whatsoever, but we didn’t want just to assume.

Upon checking Tier1 registers such as FCA, ASIC, BaFin, and CONSOB, we can say that DolfinIndex is unlicensed fraud.

Why Is It Important For A Broker To Be Licensed?

Any broker that wants to prove its legitimacy and present itself as a legal business needs to be registered and licensed. DolfinIndex is neither. We have no information about the company owner or legal jurisdiction. Therefore, any money you invest with this firm is at risk.

Also, If at all possible, avoid unregulated brokers like�BitnexLtd,�FinexStock, and�EJMarkets.

How Reliable Is DolfinIndex Broker?

DolfinIndex is a scam brokerage. The broker is entirely anonymous and never disclosed its owner and a legal jurisdiction.

Traders Reviews of the DolfinIndex

Many customers are not satisfied with DolfinIndex, and for a good reason. According to reviews, the firm scammed numerous people, took their initial deposits, and vanished. They have tried to access their accounts and withdraw the funds but without success.

If you recognize yourself in this story, you have to file a complaint right away.

What Platforms Does DolfinIndex Offer? – Available Trade Software

DolfinIndex offers only a WebTrader. Unlike regulated firms, providing you with reputable software such as MT4 or MT5, this company didn’t want to spend more money than necessary.

DolfinIndex Web Terminal

The Web Terminal reminds us of MT5, yet it has fewer trading tools. The main issue here is the fact that you may see your funds and profits, but it’s just a part of the scam. The broker will use this platform to show fake results and convince you to deposit more. Once you refuse, you will find yourself without access to your trading account.

Mobile Trading

The same web-based terminal is available as a mobile app for Android and iOS.

DolfinIndex Accounts: All The Details

DolfinIndex DolfinIndex Accounts

There are four different DolfinIndex accounts.

  1. Micro – $250
  2. Standard – $2,500
  3. Premium – $25,000
  4. VIP – $100,000

Accounts differ in phone support, margin levels, spreads, and access to different trading instruments.

DolfinIndex Broker – Countries Of Service

Our review has shown that the firm is mainly active in:

  • Italy
  • Albania
  • Germany
  • UK

DolfinIndex Range of Trading Instruments & Markets

The firm offers the following trading assets:

  • Forex – EUR/USD, GBP/USD
  • Commodities – gold, silver, oil
  • Indices – FTSE100, DAX30
  • Shares – Amazon, Google, Apple
  • Cryptocurrencies – BTC, ETH, XRP

Note that access depends on the account type. Also, cryptocurrencies are allegedly accessible through the DolfinIndex business platform, but we haven’t been able to access them.

Additionally, remember the names of the trading scammers Fusionfx24,�7Online, and�AnyTradesand stay away from them! Therefore, constantly examine the background of online trading companies before investing!

DolfinIndex Minimum Deposit

DolfinIdex requires a minimum of 250 USD/EUR. It’s pretty much a standard requirement in the industry. However, most legitimate firms have Micro accounts, enabling traders to test the system for as low as $10. Instead of risking large amounts, beginners can feel comfortable, knowing that they didn’t expose too many funds and that the firm they’re involved with is legal.

Scam Bonus Policy – No Profit And Bonus Withdrawal

According to the Deposit and Withdrawal Policy, clients are entitled to bonuses and other incentives. First of all, this is forbidden by the regulators. Also, there’s a clause stating, “Non-Deposited Funds are not available for withdrawal.” Basically, any profit you make from bonuses is not eligible for withdrawal. You will have to prove how much you made from your own funds and how much from incentives, which is pretty much impossible.

DolfinIndex Trading Conditions�

DolfinIndex has a spread of 1 pip for the EUR/USD pair, which is pretty solid. However, the leverage goes against regulatory rules. According to EU and UK authorities, brokers can offer leverage of up to 1:30 for the Forex market and only 1:2 for the crypto market. Meanwhile, the firm offers 1:500, exposing your funds to risk.

DolfinIndex Deposit, Withdrawal, And Commissions

The company accepts deposits and withdrawals using debit/credit cards and wire transfers. The minimum deposit amount is $250, while the maximum is $5,000 per transaction.

Withdrawals must be performed using the same payment method and are subject to handling and processing fees. However, these fees are not specified.

Payment Method Of Legitimate Brokers

Most legitimate investment firms will allow you to deposit using PayPal, Skrill, or a similar e-wallet. These payment methods have a money-back guarantee within a certain period, ensuring your safety. Since DolfinIndex doesn’t support this method, we advise you to use your credit card. You’re entitled to a chargeback within up to 540 days.

Scammed by DolfinIndex Broker? – Let Us Hear Your Story

If you were scammed by DolfinIndex, report it immediately. Our chargeback specialists will book a free consultation to help you find the most suitable refund method.

But What Is A Chargeback?

This is a way to recover funds stolen by fraudulent brokers. Contact us via online chat for more information.

What Is DolfinIndex?

DolfinIndex is a scam online trading brokerage without a license.

Is DolfinIndex a Scam Broker?

Yes, DolfinIndex is a scheme broker without proper regulations.

Is DolfinIndex Available in the United States or the UK?

The firm provides its services in both the UK and the US.

Does DolfinIndex Offer a Demo Account?

DolfinIndex doesn’t offer a Demo account.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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