DMA Capitals Review – 5 things you should know about

DMA Capitals Review – 5 things you should know about

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Beware! DMA Capitals is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


DMA Capitals seems quite legit compared to most scam brokers we have seen – their website looks good and functions just fine, they actually grant access to a good trading platform and don’t require obscene amounts of money to open an account. However, we would still advise you to turn to a broker that has proven their legitimacy – DMA Capitals is an unregulated offshore broker that does not provide you with Terms and Conditions and prefers irreversible cryptocurrency payments over other payment methods which would make a chargeback much easier for clients. The jury is still not out on this broker – they might be just an offshore broker with less than great condition, or they might be another scam. Don’t find that out the hard way and deposit money only with established, reputable brokers.


Probably the biggest problem with DMA Capitals is the complete absence of regulation. The broker has provided an address in St. Vincent and the Grenadines – a country that has become a favorite for scammers because of the complete lack of regulations and laws related to forex trading. The local financial authority has stated on multiple occasions that they do not regulate forex brokers which is why many scammers have set up companies in St. Vincent and the Grenadines. There, they are free to do whatever they want without having to answer to anybody. So be extremely careful if a broker claims to be based in that country and only trust them if they have proven to be an offshore branch of an established international brokerage.

Otherwise, the safer choice is to go for brokers regulated in the EU, the UK or Australia. These brokers answer to stern regulatory bodies and have to meet a number of requirements before obtaining a license and being able to offer financial services. First of all, there is the minimum capital requirement  – €730 000 for the UK and the EU and A$1 million for Australia. Additionally, all licensed brokers have to keep client money separate from their own operational funds in segregated accounts. This way, the broker has  limited access to your money, would not be able to reinvest it and could process your withdrawal request faster. Negative balance protection is a must – this means the amount of money you lose cannot exceed the funds in your account.


DMA Capitals provides access to a trading platform known to any trader – MetaTrader 5.

We would strongly suggest that you give this great platform a try – it is probably the best the trading world currently has to offer. The MT not only allows you to use Expert Advisors or designs your own trading bots and indicators with the MQL5 coding language but also grants access to a huge trading community where you can share your strategies or try those provided by other traders, subscribe to signals, or purchase various trading apps on the MT market. Don’t hesitate to see what the platform has to offer – but maybe try it out with a more trustworthy broker.


Opening an account with DMA Capitals is quite affordable – the broker asks for just $10 to open a Standard account. They are not alone in that low-cost offer though – more than enough legitimate brokers would set up an account for a quite insignificant amount of money, usually anywhere between $1 and $50.

The spreads we got on the mentioned Standard account, however, were anything but impressive – around 2 pips for EURUSD. The spreads on the more advanced account types are supposed to be lower but the broker charges a commission there – between $5 and $7 per lot. Brokers these days rarely offer spreads wider than 1.5 pips and there are plenty that would go under 1 pip – which would turn out to be far more lucrative.

Finally, the leverage DMA Capitals allows for forex majors is as high as 1:500. It is true that an offshore brokers is free to offer such leverage because, as we already mentioned, there are no laws regulating forex trading in countries like St. Vincent and the Grenadines. Many reliable jurisdictions, however, have imposed leverage restrictions – 1:50 in the US, 1:30 in the UK and the EU, and even as low as 1:10 in Turkey. This restrictions exist to protect clients from the dangers of high leverage – namely, losing a lot of money very fast. Be careful with your leverage setting and consider all factors before setting the number as high as 1:500 – if you still want to trade with high leverage, check out some reliable brokers that offer such.


DMA Capitals supposedly lets you deposit and withdraw money with a variety of payment methods – the problem is that most options are different cryptocurrencies. You are able to transfer money to the broker with Mastercard, bank transfer and PerfectMoney as well as via Bitcoin, Ethereum, Tether, SHIBA INU, Binance Coin. Just be careful when transferring money using coins – preferably choose another payment method unless you are completely sure that the broker is reliable. There is nothing wrong with cryptocurrencies themselves but such transactions cannot be reversed which would make it impossible for you to get a chargeback.

As an offshore broker DMA Capitals is free to offer bonuses – those are banned in the UK, the EU and Australia. This broker’s bonuses are non-withdrawable and are just meant to increase your trading potential which, of course, is fine. The problem is that a lot of scammers attach clauses to their bonuses and later use those clauses as a reason for denying any withdrawals. That might not be the case here but it is better to be safe then sorry – choose a broker who has proven their reliability.


The weird thing is that such scams are never very imaginative but they seem to trick a lot of people – you see an ad on the Internet for a broker’s website and decide to check their website out. Then you start thinking to yourself “Man, that actually sounds great, I should maybe register an account to find out what they have to offer.”

Once the scammers have received your contact details, they won’t leave you alone before you deposit – and with time, they will start asking for bigger and bigger sums. You will probably see that you have turned unbelievable profit in no time so you will keep transferring money – just know that it is fairly easy for platforms to be manipulated. At some point of course, you would want to withdraw and this is where it gets complicated. All sorts of clauses in the Terms and Conditions and additional fees will show up – the scammers will try to delay your withdrawal and milk you as much as possible. By the time you figure out something is wrong, your “broker” will be long gone – with your money.


Be prepared that happy endings are not very likely and the chances of you seeing your money again are not big. That is why prevention is key – you should always read Terms and Conditions carefully and make sure that your broker is legitimate by checking if they are actually licensed.

If you got scammed, there are still things you could do. Notify the authorities in your country and share your story with as many people as possible – this way, they would know to avoid such types of scams. Change all passwords that you gave the scammers access to. If you have deposited with a credit or debit card, ask your card provider for assistance – you could get a chargeback within 540 days with both Visa and MasterCard. Bank transfers are a bit harder to reverse but that is still not impossible.

Finally, don’t trust anyone trying to pass as a recovery agent and offering to retrieve your money for a small fee – this is just another type of scam, usually conducted by the same people that robbed you in the first place.

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Cyprus, SVG4.8/5$100 Click for a special offerWebsite
New Zealand4.65/5$1 Click for a special offerWebsite

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