Dacland Capital Limited review – 5 things you should know about daclandindexq.com

Dacland Capital Limited review – 5 things you should know about daclandindexq.com

Rating: 1

Beware! Dacland Capital Limited is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Forex.com

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

 

It’s never the best sign when our browser warns us that we are about to enter a risky website. That’s what happened when we first accessed Dacland Capital Limited, a very poor and definitely scammer broker. The website is a complete and shameless mess, with a glitch-ridden interface. Read the review to see what we found out, not that it’s very exciting; it’s all scammer broker material.

The account creation tool was barely functioning and on the brink of being broken. Once we completed it, we were told to wait for an account approval. As expected, we never got the green light from the firm, either because we were not approved (it detected that we are not depositors), or the whole process is utterly broken.

Therefore, we had no choice but to rely on the poor website for all the trading and payment details. What we are about to talk about might be completely misleading and false.

You have been warned. So, the available promoted markets are forex currency pairs, crude oil, precious metals, and stocks. There are no spreads revealed anywhere, while the leverage seems to be capped at 1:100 or 1:500- different website sources claim different things, which is common for scammer brokers.

DACLAND CAPITAL LIMITED REGULATION AND SAFETY OF FUNDS

At some point we are told that Dacland Capital Limited is approved by EFISO (Euro Finance Investigation & Security Organization) which not only turned out to be a fake organization and no regulator at all, but also a completely broken company with a website that no longer functions.

The broker states that it keeps users’ segregated funds in JP Morgan branches; a complete lie if we have ever seen one. This bank would never soil its name with the likes of Dacland Capital Limited.

The main page of the website states the broker to be regulated by the FCA,  SEC in the US and FINRA, the Mauritius FSC, and the Vanuatu VFCS. None of these claims are true. The FCA, FSC and VFSC have no trace of one Dacland Capital Limited, while the so-called US-based regulators are actually not license issuers. Therefore, Dacland Capital Limited has notijng to do with either one of these agencies.

All in all, we can say that Dacland Capital Limited is anonymous, and completely unregulated.

Unless you wish to throw your money away for no reason , there is absolutely no incentive for investing in unlicensed brokers. In fact, you would be doing them a big favor by funding their further fraudulent projects. If you wish to trade real FX and CFD with regulated brokers, looks no further that those that are regulated, especially in well known locations such as Europe, the UK, the US, or Australia. The regulators there are pedantic to a ridiculous degree and will do everything in their power to uphold the rights of the user and the integrity of the market industry. It is within their power to penalize brokers and demand client compensation, as well as to set industry standards and introduce new rules and regulation.

DACLAND CAPITAL LIMITED TRADING SOFTWARE

The promoted MT5 was without any real evidence. The one link that should have led to a download file produced an error page, meaning that we have no proof to support Dacland Capital Limited’s MT5 claim.

And moreover, very few unlicensed brokers actually provide either one of the metawuote trading software giants.

It seems to us that Dacland Capital Limited eithe rhas no trading platform, or the one it has is some washed up web trader.

DACLAND CAPITAL LIMITED DEPOSIT/WITHDRAW METHODS AND FEES

The deposit area, that we accessed without an account, was not what we expected. First of all, users don’t chose a payment methods but instead send a request to the user, and also they decide how long the deposit time is.

Obviously, we don’t really believe anything here, but it’s worth noting it nevertheless. In reality, we don’t have any concrete depositing information anywhere.

Moreover, in the middle of the home page are the logos of more than a dozen of payment providers. However, we highly doubt that the broker offers anyone of them. Our safest bet is that in the user area clients will find a set of crypto wallets to lose their money to.

Even without an account, we accessed a withdrawal form straight from the user, which told us that clients can only take out money by means of a wire transfer. It’s not the most reliable of payment methods, but it sure beats crypto wallets. However, we don’t know what the client portal has to say, which may actually be that all payments are based on crypto methods.

There are no real payment condition out there. Not that if there were it would have changed anything. This broker is definitely a scam and a risk to all!

HOW DOES THE SCAM WORK

Getting scammed usually happens without you knowing it. It’s a deceivingly simple process that owes its success precisely because it seems so avoidable.

First, there is the matter of getting in contact with the broker which happens in one of two ways. Either it contacts you, or you it. If it calls, it means that somewhere in your net journey you accidently left a phone number or an email address. Or you were persuaded by the broker to contact it, which is why many scammer brokerage sites looks so appealing.

The hardest thing to achieve, for a fraudster, is to convince a user to invest an initial deposit. Prior to this a certain level of trust must be built, centered around a false sense of rapport. The broker will fake an interest in the user and in the process talk about market and profit opportunities, as well as investment choices. It’s all a part of a retaining strategy that will keep the user invested for at least a couple of thousand dollars, on average, until, eventually, he realizes the scammer pit he has fallen in.

When this happens, the broker will seize all contact with the user, and might even block the client from the website. It will go to great lengths not to return a single penny of the user’s money.

WHAT TO DO IF SCAMMED

The first thing you should do it to file for a charge back. That’s if you have invested by means of a credit or debit card. MasterCard and VISA have a chargeback period of 540 days giving users more than enough time to try to get their money back.

Wire transfer deposits are not as easy to acquire, and the best advice we can give you is to set up a reimbursement strategy with the bank leading the transactions. Most banks have strategies put in motion when these circumstances are met. Furthermore, if scammed via a wire transfer, it’s best to change your bank account user name and password.

Unfortunately, all crypto deposits are most surely lost for good. These transactions are untraceable and therefore once they reach the scammer end it all depends on the fraudsters if you see your money back or not.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
Cyprus4.75/5$100 Click for a special offerWebsite
New Zealand4.65/5$1 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *