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Diamondfx review – Find out the truth about this broker. binaryoptionslord.com

Diamondfx review – Find out the truth about this broker. binaryoptionslord.com

The estimated reading time for this post is 319 seconds

Diamondfx review ; This is a Forex trading scam that deceive. They claim to be genuine and transparent. However, our research findings are proving otherwise.

After looking at the aesthetics of the website,we quickly jumped over to who.is verify the domain age.

Unfortunately, we noticed that the domain registration was as far back as 1998. Of course one may believe that this domain age is directly propotional to the experience of the traders. Unfortunately, following our father research, we realised that the scammers backdated the the domain age in other to deceive traders. Therefore you better stay as far away as possible from them.

Meanwhile, according to the website, they claim to offer mt4 trading plartform. Their leverage is as high as 1:500 but the spread remains undisclosed.

In addition, they claim to be registered in the st. Vincent and the Grenadines. Meanwhile, all you see in the website are fake and we shall explain better in this Diamondfx review. So fasten your sit belt while we take you on a ride.

Moreover,to get across to them, potential clients will have to send a mail by filling out a form on the contact page. Additionally, they can request a call back from the customer service or even communicate them through their live chat.

Diamondfx review

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This broker makes potential clients a lot of flamboyant promises. But all those are just aimed at deceiving innocent investors.

Like we earlier pointed out, this broker lacks transparency. First on the the homepage of the website, they promise to offer a free demo account. This sounds interesting but not true. The mt4 trading plartform which they offer is not a downloadable version. Therefore, it does not have room for demo account. And as we always suggest, demo account is usually one of the best ways to test the trading conditions of any broker.

During this Diamondfx review, we also found out that they didn’t disclose their spread. Therefore it is difficult to determine if the spread are tight or not.
Meanwhile, diamondfx offer a leverage as high as 1:500. This may look good and captivating, but it’s always important to remember that the higher the leverage, the higher the chance of loosing more money. Therefore you should be careful with such offer.

Currently, there is no evidence of trading going on in this broker. And we ppdon’t expect you to invest in it. Moreover, you can always invest in a more reliable broker like fxpro or Hotforex and you will have nothing to worry about. This is because these recommended reliable brokers are registered with both FCA and Cysec. These regulatory bodies insist on stringent rules like segr Iegation of account and clients compensation funds.

Therefore, even if the company has any issues you can be compensated as high as $80,000 by FCA or $20,000 by Cysec as the case may be.

Diamondfx deposit and withdrawal

This broker does not accept the standard methods of payment such as Master card,Visa card, as well as E-wallets like Skrill and Neteller. They only accept bank wire transfer and bitcoin. Therefore it is very vital we bring this information up in this Diamondfx review. It will help sensitise interested traders if at all there is any.
Meanwhile, we always tell investors that if you make deposit using bitcoin, it’s not traceable. Therefore, avoid this diamondfx if you don’t want to loose your money for good.

Diamondfx offers a minimum deposit of $10, which is quite attractive. Although we believe that it’s just to lure investors in putting in their money. Then they will deceive them more and finally hit them hard.

Our Candid advise to anyone who wants to test the broker is to invest not more than that minimum deposit. He should also withdraw quickly as these will make him have a feeling of the trading conditions. Their undisclosed withdrawal charges will also be exposed.

How safe is your funds ?

Your money is not safe at all. Remember that we said earlier that this broker claim to be registered in St. Vincent and the Grenadines. This is a hiding place for most forex trading scammers. Reason being that the government of St. Vincent and the Grenadines has very loose rules guiding forex trading companies. Moreover, this government has warned the public several times against scammers that claim to be registered in St. Vincent and the Grenadines. The government made it public several times that they don’t regulate forex trading companies. Therefore we are making it clear in this Diamondfx review that your funds are not safe at all.

Remember, if you have been scammed already, then read this Mychargeback review to find out how to recover your money.

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Diamondfx review Conclusion

This broker is a scam and investing in it means that there’s a very high chance of loosing your money. We always encourage our readers to trade with caution. That way the risk of loosing your money will reduce drastically. Remember,we derive joy in helping you succeed.

Thanks for reading and don’t forget to share your experience on the comment section. You can also let your friends read this piece by sharing using the social media handles.

 

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