The German BaFin issues a warning against DBG On August 21, 2023, the Federal Financial Supervisory Authority (BaFin) warns consumers about the website dbg-coltdfx.com which is providing financial and investment services without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_08_14_dbg_coltdfx_en.html

BrokersView has reviewed that DBG is an unregulated broker On its website, the operators are simply referred to as DBG Markets and no details are given regarding their legal form. It appears that they are creating the false impression of being connected to the reputable forex broker DBGMarkets. This is a red flag.DBG is allegedly domiciled in Hong Kong, but it is not licensed to offer financial services/products in/from this jurisdiction, as our search for this platform in the register of the Hong Kong Securities and Futures Commission (SFC) didn't yield any matching results.Moreover, the Federal Financial Supervisory Authority (BaFin) warns consumers about the website "dbg-coltdfx.com which is providing financial and investment services without the required authorisation.In essence, DBG is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. DBG is unequivocally a scam.

BrokersView has identified that DBG's website is currently offline BrokersView found that the domain "dbg-coltdfx.com" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Who's the regulatory body of DBG? DBG is a fake broker and not subject to any regulatory body.On the website of DBG, it simply refers to its operator as DBG Markets but fails to provide any further details for this claim. It seems to be creating a false impression and misleading the public that it is related to this reputable forex broker. However, no evidence substantiates its assertion and the so-called connection only exists within its website.Despite providing an address in Hong Kong, DBG is not registered with the Hong Kong Securities and Futures Commission (SFC). Furthermore, the German Federal Financial Supervisory Authority (BaFin) has launched an investigation into DBG and warned consumers about it for providing financial and investment services without the required authorization. You can refer to here for the full report.Therefore, BrokersView strongly suggests investors avoid DBG which poses significant risks of fraud and identity theft. There are no rules in place to safeguard the interests of its clients and ensure it follows the regulatory standards. If it goes out of business or absconds, traders engaging with it may not be able to reclaim their money or get compensation. To avoid this disaster, it is advisable to choose a fully regulated broker. View Source