Dibort Forex – Should You Give Them Your Trust?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Dibort Forex - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2021
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: www.dibortfx.com
Founded: 2020
Regulations: Unregulated
Languages: English
Deposit Methods: Bitcoin and Bank Transfers
Minimum Deposit: $1
Free Demo Account: Yes
Number of Assets: N/A
Types of Assets: Forex, Commodities, Indices, and Stocks
Trading Accounts and Conditions
Hailing from Dubai, Dibort Forex is a decent-looking website that offers many trading options to its clients and account holders. Signing up for an account is relatively easy, and even if the website is dubious, they were still able to implement an email verification system.
Unlike other offshore brokers, Dibort Forex doesn’t have premium accounts or tiers, which are often implemented to separate clients and offer advantages to higher tiers, encouraging people to invest more money in the promise of high returns.
Dibort Forex instead has different account types to which clients can easily change once registered. The Live Trading Account that they offer is for people that want to hop in the trading action right away, and as long as there are funds in the account, the possibilities are limitless.
They also have a Demo Account for people who are still uncertain of depositing funds and live trading. Through a demo account, you can learn the fundamentals of trading without sacrificing hard-earned resources.
They also offer a Manager Account for people who already have enough expertise in this field to coach and manage other people’s portfolios. By opening a manager account, you’ll become a strategy manager, sharing your knowledge and techniques to help other people become good at trading as well.
Lastly, Dibort Forex has an Investor Account for people who don’t want to be part of trading but instead will still be involved with the community through the help of a Strategy Manager.
Dibort Forex is secretive when it comes to their conditions, and they don’t reveal everything on their website. It is best to go for a transparent broker in every way so that your funds are secured.
Dibort Forex – Advantages
Dibort Forex shows no signs of having advantages for using their service, and we suggest going for another legitimate broker than an offshore one since most of the time, they are 100% planning to scam their clients.
Dibort Forex – Disadvantages
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False Regulation Claims
According to Dibort Forex, the service operates in Dubai, which is an area that is also very strict when it comes to forex and crypto trading like the UK and US. Upon checking with a couple of financial authorities in Dubai, the results are pretty disappointing as nothing appears in their databases. Meaning that Dibort Forex’s claim that they are regulated is false, and any broker that does this shouldn’t be trusted in any way.
Dibort Forex further claims that they are doing their clients a favor through negative fund protection, which is an essential feature to have if you’re looking for a broker since it’s not always guaranteed that you’ll make a profit. The negative fund protection is that it doesn’t work in an unregulated broker service, which only means that you’ll not be getting anything from Dibort Forex even if you struggle with your funds.
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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Problematic Registration and Verification
The signing up process with Dibort Forex is indeed a breeze, but things get a little blurry regarding the registration and verification part. It would help if you verified your identity before you’re able to use their live trading accounts. It includes uploading sensitive documents such as IDs and providing serial numbers, which is a very sketchy thing, especially for an unregulated broker.
The features gatekeeping is a solid red flag that you should highly consider. Only give your essential documents to verified brokers since it’s 100% certain that they’ll use this for your benefit.
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Inaccessible Terms and Conditions
Terms and Conditions, commonly known as T&C, are almost like contracts that every client should agree upon while registering an account in Dibort Forex and virtually any other brokers. Not having access to these documents is another problem since anyone can modify and make things disadvantageous on the part of the client.
The T&C, along with other legal forms, should always be analyzed carefully before partaking in any service that involves money, and you, as a client, should be aware of your rights and the things that you have agreed upon.
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Conflicting Deposit and Withdrawal Methods
Not everyone has access to every deposit method that exists; that’s why knowing beforehand what you are dealing with is very crucial. Dibort Forex provides contradicting information about their deposit and withdrawal methods. On their website, it is mentioned that clients can deposit and withdraw through bank transfers, credit cards, and Union Pay. However, upon account creation, we are only greeted by bank transfers and Bitcoin, which is very far from their provided information.
Being dishonest to their clients is another red flag you should take note of, and at this point, it is clear why it is hard to put your trust in Dibort Forex.
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Low Leverage
Since Dibort Forex doesn’t offer any tiers on their accounts, then it is safe to assume that the leverages that they have provided are the same with every account in their client base. Dibort Forex offers leverage of 1:100, which is a pretty low amount, especially for traders looking for long-term profits.
Higher leverage means high rewards, but very low leverage like this won’t result in considerable profits. That said, it is much safer to invest your money in brokers that have at least 1:400 or 1:500 leverage since it is guaranteed that you’ll get something out from them.
Conclusion
Dibort Forex has way too many red flags that it is tough to put an ounce of trust into them. Although they offer MetaTrader4 as their primary platform, it is still not an excellent compensation for all the areas that they are lacking.
Since Dibort Forex is an unregulated service, there’s no guarantee if you can even withdraw your money from them in the first place. Offshore brokers are widely known for holding funds from their clients and doing their best to deposit more money through bonuses and rewards.
In summary, Dibort Forex is very sketchy, and every research and investigation that we did points out that this broker is a 100% scam.
Dibort Forex
Pros
- None
Cons
- False Regulation Claims
- Problematic Registration and Verification
- Inaccessible Terms and Conditions
- Conflicting Deposit and Withdrawal Methods
- Low Leverage
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.
eToro is a multi-asset platform which offers CFD and non CFD products. 74% 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.