Beware! DizlFxLtd.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
DizlFxLtd.com feels like an amalgamation of dozens of different financial websites all put into one big messy one. First of all it’s a broker, then it states to offer crypto mining, then it say to be located here but that it holds a license from some place else, etc. It can definitely leave the users confused, and maybe that’s the point. Whatever it is, we know for a fact that this broker is not worth a second of your tine, nor a penny of your money. Read the review to find out why.
We never actually opened an account, even though there was a registration process. After completing it, we had to wait for a verification that never really happened, and thus we were left at the mercy of the website. What we are about to reveal my be an aberration of the truth.
The EUR/USD spread is said to be 0 pips, with no commission in sight, meaning that this is definitely not the final cost of trade. It is really the best spread, and no one gives these away just like that.
The leverage is capped at 1:500, and the promoted financial instruments are forex currency pairs, shares, indices, and futures.
DIZLFXLTD.COM REGULATION AND SAFETY OF FUNDS
As part of the confusion, the legal information plays a pivotal role.
There is a Companies House certificate which should mean that the broker is registered with it in the UK, but whether fake or not, this means basically nothing. Even we can open a company with this registration network, and still do nothing. It does not mean that the broker is regulated in the UK, nor that it can offer trading services there. Moreover, the UK address is also another misleading tool that is there to only manipulate users’ trust.
On the footer, we are told that DizlFxLtd.com is regulated in various jurisdictions, but we are tol only of two such regulations. On by the Vanuatu Financial Services Commission, and the second by the Securities and Investments Commission (SIC).
Vanuatu has become a very solid FX jurisdiction, one of the best offshore ones, with constant updates to its legal structures and regulatory frameworks. It would never self-harm its business by regulating the likes of DizlFxLtd.com
As for the Securities and Investments Commission (SIC), it is actually a made up name. The closest one comes to this is ASIC, but again, this broker has nothing to do with the regulator. ASIC would never soil its name with DizlFxLtd.com.
Therefore, this firm is completely unlicensed and a risk to all! All investments are a risk here!
It would be a big shame to lose all that money to scammers. By registering and investing in an unlicensed broker, you are indirectly throwing your money away for a completely futile and illicit cause. There is no reason to do so. That is why we urge our readers to rely on European, UK, US, or Australian brokers, or any licensed entity for that matter. Licensed entitles are covered by hundreds of requirements, many of them apply financial compensation schemes, and anti fraud practices. In other words, they are the exact opposite of what this broker and others like it stand for.
DIZLFXLTD.COM TRADING PLATFORM
There were no links to any of the advertised software, which turned out to be the MT5, the MT4, and Iress. Quite the shoes to fill, and of course DizlFxLtd.com can’t even enter the shoe store. None of these platforms are actually on offer, as the broker simply uses their names to attract a larger audience. The broker has no trading platform and as such is not even a broker!
DIZLFXLTD.COM DEPOSIT/WITHDRAW METHODS AND FEES
The information on the website, concerning payment details, is limited only to the minimum deposit requirement being set to either $500 or $100.
There is nothing else on the site to suggest further payment conditions. We have no idea what the payment methods are, what the withdrawal fees are, if any, nor what sort of nasty surprises the firm has in store for its users. And believe us that there scammer always hold some pretty nasty surprises.
That’s all the payment info we have for you. Remember that DizlFxLtd.com is a scam and a risk to all. All investment here will be lost!
HOW DOES THE SCAM WORK
Generally, the first step to being in a scam, whether a user is aware of it or not, is to bridge the crucial gap that exists between a user and a broker. With legit entities rarely does this go beyond the limits of formality, whereas with scammers they will try to behave as close friends, and will try to sell you as much as they possibly can.
It easy to fall prey to their sweet talk, because as financial instruments grow more complex, so do scammers, and there are surprisingly advanced swindle techniques that will leave you empty handed faster than you know. So make sure to think before you act, and to ask for professional guidance if necessary.
Contact usually begins at the online ads level, and expands to the telephone line relatively fast, depending on how good the scammer is and how susceptible he or she is to manipulations.
The ultimate goal is reached once a scammer successfully causes an initial deposit to be invested. Once this happens the user has become the victim, and from then on the fraudsters will try to retain the client for as long as possible, draining him/her along the way.
On average, it takes 2 to 3 deposits for a user to realize that something very unlawful is happening. By that point however, the broker will cut all communications with the user and will deny all withdrawal requests.
WHAT TO DO IF SCAMMED
The most common action to take is to file for a chargeback, but this happens only if the user has invested with a credit or debit card. That’s why you don’t get many investment frauds taking card payment nowadays. But the good news is that, if money was invested via a card, the chargeback period for MasterCard and VISA is 540 days.
Wire transfer deposits are harder to get back, and the only thing we recommend is contacting the bank to sort things out if possible. Oh, and make sure to change you bank account user name and password ASAP!
Crypto transactions are lost for good, unfortunately. As cryptocurrencies become more numerous and the systems underlining them more complex, scammer are taking full advantage of these aspects, and the end results are very lucrative. So, never trust unregulated brokers with crypto payments.
And then, we have to mention the other type of scammer, the recovery agents. These are either third party fraudsters or extensions of existing swindles, and will provide the seemingly impossible service of tracing your lost money. All they need is a fee for their effort, a sum of money that will be lost once paid.