Want to Trade with DiamondFX? Read This First!
DiamondFX is an offshore broker that has no license. Its site promises traders huge returns, which is a red flag, since no broker can make guarantees. It’s located in St. Vincent and the Grenadines which is a place scam brokers go to avoid regulation. Financial services located in St. Vincent and the Grenadines are usually trying to avoid following rules, like having sufficient market capitalization and reporting to authorities.
Is DiamondFX a Scam or Legitimate?
This broker claims that it offers MetaTrader 4 as a trading platform, but we can’t confirm it because it didn’t appear when we signed up for a free trial. It accepts only credit cards and bitcoin, and doesn’t reveal who is behind this operation. The lack of transparency is a sign of a fraud as are the vague terms and conditions. Instead we recommend that you sign up only with a regulated broker and one that has a solid reputation.
We Found Problems with DiamondFX:
- Not regulated
- Negative reviews
- No transparency.
- No contact information
What You Should Do If You Have an Account with DiamondFX?
You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!