BW Dsux – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
BW Dsux - DO NOT TRADE WITH THIS PROVIDER
2.5/10
$100
Minimum Depositupdated 2024
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://b-dsux.co , https://bw-dsux.world
Founded: 2024
Regulations: Not Licensed
Languages: Russian, English
Deposit Methods: Cryptocurrencies
Minimum Deposit: $150
Free Demo Account: N/A
Number of Assets: Unspecified
Types of Assets: Currencies, Commodities, Indices, Cryptocurrencies, Stocks, Metals
Trading Accounts and Conditions
BW Dsux offers their clients three different types of trading accounts:
- Fundamental: For this account, the minimum deposit is $150. The leverage is 1:100.
- Middle: For this account, the minimum deposit is $5,000. The leverage is 1:500.
- Expert: For this account, the minimum deposit is $25,000. The leverage is 1:500.
Spreads are not mentioned in the account types section, but on their trading platform, the three major currency pairs – the EURUSD, GBPUSD and the JPYUSD – all have a spread of 0.1 pips. Other trading conditions are not mentioned.
BW Dsux – Advantages
There are no advantages to trading with BW Dsux.
BW Dsux – Disadvantages
BW Dsux is a scammer and here are all the indications that tell us why:
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Lies About Regulations
BW Dsux operates two different domains with the same brand name. Most of the information on both domains are the same. The broker claims to have licenses from 4 different authorities.
On their website’s footer, the broker claims to be regulated by the Dubai Financial Services Authority (DFSA) and the Cyprus Securities and Exchange Commission (CySEC). But the broker does not give us addresses in these two locations. Instead, we are given an address in Birmingham, Great Britain, i.e., UK and a contact number in the Contact Us page.
The claims continue in another section of this broker’s website, where they state that they are also regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission.
However, their Terms and Conditions section states that they are regulated as per the laws of the Republic of Vanuatu.
Checking these claims is a simple matter. All the authorities mentioned by the broker have online databases of the companies regulated by them. We checked each of these lists and found out that BW Dsux is not regulated by even a single one.
This broker has clearly lied about being regulated in an effort to appear legitimate, when in reality this entity is just another scammer.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Lies About Trading Platform
BW Dsux claims to offer their clients a reliable platform. The broker also claims that their platform has been awarded Most Reliable Trading Terminal by the Trade Union Awards, but we are not told for which year.
These claims are just more lies. BW Dsux does not have a platform that can be called reliable by any stretch of imagination. What this broker does offer is a very poorly constructed, very basic, web-based trading software that barely functions.
In contrast, a legitimate broker would offer their clients a top-tier trading platform, such as the MetaTrader 5 software. This software is the world’s most popular. It has every possible trading tool available to make trading easier – charting tools, market analysis tools, automatic trading robots, a massive 3rd-party app marketplace, and so much more.
Legitimate brokers not only offer the best possible trading software, they also offer their clients/prospective clients a chance to test their trading platform for free – through a demo account.
If a broker compromises on the very basic product they are supposed to offer, then you know that you are dealing with a scammer.
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Issues with Trading Conditions
Along with the trading platform, a broker’s trading conditions are key to providing a good client experience. These are the conditions a broker puts in place for a trader to use their services.
When these conditions are fair, it is advantageous to both the broker and the trader. And since these conditions are key to a broker getting more customers, legitimate brokers will give all the details about their trading conditions on their website – clearly and precisely.
If there is any kind of an issue with these trading conditions, it is a red flag about the reliability of that broker.
With BW Dsux, we see a lot of issues with their trading conditions. The only affordable trading account is their basic one – the Fundamental. The other two have such high minimum deposits that most traders will never be able to afford those accounts.
As for the spreads, they look really affordable at 0.1 pips for the 3 currency majors. However, we are not advised about the commissions that BW Dsux charges, so we don’t have all the information we need to calculate the real cost of a trade.
The leverage ratio of 1:500 is illegally and dangerously high and the other trading conditions are simply not mentioned.
Such massive gaps in critical information are a clear sign that this broker cannot be trusted.
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Issues with Payments
The only way that you are allowed to make payments to your account with BW Dsux is via cryptocurrencies.
Cryptocurrencies are a very dangerous way to make payments if you are not dealing with a trusted entity. These transactions are permanent and they are also anonymous. So, if you are dealing with a new broker, it is best to opt for a safer payment option – such as credit cards. A credit card payment may be reversed through a chargeback request if you are scammed. But a crypto payment means money gone.
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Issues with Withdrawal Policy
BW Dsux has no withdrawal policy in place. And this is yet another indicator of their scam. The withdrawal policy tells us how easily you will be able to take your money back from a broker. We will know if there are taxes or fees to be paid during withdrawal, how long a withdrawal request will take, how you can make withdrawals, if there are any other conditions to withdrawals, etc.
Conclusion
BW Dsux is a serial scammer and it would be dangerous to deal with this entity.
BW Dsux
Pros
- None
Cons
- Lies About Regulation
- Lies About Trading Platform
- Issues with Trading Conditions
- Issues with Payments
- Issues with Withdrawal Policy
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more