简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
اردو
Abstract：becoming more and more vigilant these days. When asked about their licenses and regulations, scammers equivocate, which makes it difficult for scammers to deceive smart investors.
Under this circumstance, some fraudulent brokers use the regulatory detail of the firm authorized and blatantly claim to be a regulated company. And Dcoin FX is using the trick to scam.
Boldly Lies
The clone firm Dcoin FX boldly lied it was trusted by Deriv, the firm whose regulatory information was being illegally used.
A Collection of Regulations
Dcoin FX claimed to be based in the UK and was under multiple regulations and registration. But none of the regulators could prove Dcoin FX an authorized forex broker. Here are the results we found:
In the UK FCA register, we found the firm Deriv Investments (Europe) Limited. But the firm status in UK FCA was “Supervised run-off”. And no website can prove that Dcoin FX was the trading name of the firm.
In the Labuan Financial Services Authority (Labuan FSA), we found a firm named Deriv (FX) Ltd. However, the approved domain was “binary.com” instead of “dcoinfx.com”. It was a red flag that Dcoin FX falsely used the information of an authorized firm.
We could also find the matching results in the British Virgin Islands Financial Services Commission (BVI FSC), the Vanuatu Financial Services Commission (VFSC), and Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). But none of the agencies have a website or address that can prove the regulatory or registration information that belongs to Dcoin FX. Moreover, SVG FSA does not regulate forex activities. Having registration is different from being authorized to provide financial services.
The Malta MFSA Warning
Lately, the Malta Financial Services Authority (MFSA) confirmed that Dcoin FX is a clone firm and issued a warning on August 1, 2022. MFSA warned that Dcoin FX has no association with Deriv Investments (Europe) Limited and is not authorized to provide any financial services in Malta.
It is recommended that investors not to trade with the broker. If you want your funds to be protected, please confirm that the broker you are trading with has obtained a forex license.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Is VOLURR BROKERAGE safe or a scam for South Asian traders? Read our honest 2026 review covering SEBI/RBI status, offshore risks, Trustpilot feedback, and WikiFX safety rating.
Pakistan’s foreign exchange reserves increased by $16 million over the past week, bringing total reserves to $26.86 billion. The State Bank of Pakistan now holds $21.47 billion, while commercial banks account for $5.39 billion.
Choosing a broker today goes far beyond market access. Traders also look at trading costs, platform functionality, available instruments, leverage, risk management tools, account options, and how easily they can manage their funds. PrimeXBT brings these elements together in a multi-asset trading environment designed for different levels of experience and trading styles.
Indian benchmarks logged their best session in four months on Thursday, with the Sensex surging 1,533.72 points (2.11%) to close at 74,315.61 and the Nifty 50 gaining 374.65 points (1.66%) to settle at 22,997.35 — even as a global rout in AI and chip stocks hammered markets from Seoul to New York.
WikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFX
