Beware! 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., or Deutsche Private Equity, presents itself as a “world-renowned company that operates in the field of online trading in financial markets”. But these claims do not stand up to scrutiny. This website is in fact a typical scam targeting people without sufficient knowledge of financial markets. In this review, we’ll take a detailed look at how to recognize such scams and how to navigate which forex broker is truly trustworthy. Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities.

From the domain of the website, one would assume that the owning company is called Deutsche private But in fact this is not specified anywhere. Even the legal documentation does not mention a legal entity name. That in itself is a big enough red flag that we’re dealing with fraud.

In the Terms and Conditions, Poland is indirectly mentioned as the applicable jurisdiction:

But  is not among the brokers authorised by the Polish Financial Supervision Authority. In fact, another European regulator, Germany’s BaFin, explicitly warns that is not authorised.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States. Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS promises the industry’s most popular trading platform, MetaTrader 5 (MT5). But we don’t get login credentials to a trading server when we register an account. Therefore, we cannot say that has functioning trading software.

It should be noted that the presence of some kind of trading software is no guarantee that this is a genuine broker. Financial scammers often use rigged trading platforms to fool their victims that their money is actually being invested. However, this trading is entirely fictitious and the money goes directly into the scammers’ pockets.

It is advisable to contact one of the many legitimate brokers that offer MT5 or the still very popular MT4. These platforms have established themselves as leaders because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies. Trading instruments

FXTMYesYesYesYesYes advertises trading in over 450 financial instruments across all major asset classes. But as we have seen, this website has neither the licence nor the technical capacity to facilitate trading in financial instruments. Spreads and cost of trading

Spread EURUSD0.611.1
Spread GBPUSD0,
Spread USDJPY1.31.21.4  states that it charges brokerage fees or commissions for executing trades, but there is no specification of the exact price paid by the customer. Genuine forex brokers provide detailed information about the trading conditions. Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1 claims to offer leverage up to 1:200. This is also proof that this website is not a licensed broker.

This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders.

Another such piece of evidence is the claim that offers bonuses. Regulated brokers are prohibited from offering bonuses and promotions. Scammers often use promises of supposedly generous bonuses to tie their potential victims to extortionate terms.

If you are nevertheless willing to take the risk of high-leverage trading and want to take advantage of bonuses, promotions and prize games, the best option is to use the services of offshore brokers operating under an established brand. Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto only allows the deposit of funds via cryptocurrencies. This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill. Minimum deposit

Minimum deposit$100$5$10$5

The minimum deposit required by is 100 USD. For the same or often lower amount you could open a starter trading account with a duly licensed forex broker. Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Deutscheprivateequity.ltdBonus x25Not specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

If the account has received a bonus, it can withdraw funds only after it has met the conditions for minimum traded volume – 25 times the bonus amount plus the deposit. Scammers often use such clauses to make withdrawals difficult or even impossible.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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