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DLC ForexTrade Review
DLC ForexTrade is a Kazakhstan dealer that mainly resells InstaForex accounts. Its own site advertises guaranteed profit percentages and a private crypto coin.
Min Deposit
N/A
Spreads From
Not published, DLC ForexTrade is not a regulated broker with its own dealing desk
Max Leverage
Not published
Platforms
MetaTrader
Pros
- Has operated under the same brand name in Kazakhstan since 2006
- Uses the well known MetaTrader platform for trading
- Offers a free trial of its automated trading robot before any purchase
- Acts as a local deposit channel for InstaForex, a separate established broker
Cons
- No independent regulator or license is named anywhere on its website
- Promises profit of 12 percent a month and up to 380 percent a year
- Accepts payment in its own branded crypto coin, Gold Coin Of Luck
- Sells franchise style business packages, a pattern common in scams
- Independent trackers give it a very low trust and safety score
- Guaranteed return promises like these are a serious high risk warning sign
DLC ForexTrade, also called Dealing Center DLC ForexTrade, says it has worked in Kazakhstan since 2006. It is not an independent broker with its own trading license. Instead, its own website describes it as the official regional dealer for InstaForex, mainly helping local clients fund an InstaForex account through Skype support.
The site also sells a free automated trading robot called MTS MC Light, a paid Market Cycles strategy for 4650 euros, and franchise packages starting at 200 euros. It promises profit of 12 percent a month from the robot and up to 380 percent a year through a trust management scheme, and it accepts payment in its own branded coin, Gold Coin Of Luck.
No independent regulator or license is named anywhere on the site. Independent broker trackers list DLC ForexTrade with a very low trust score. Promised returns like these, alongside a private in house coin, match patterns we associate with high risk schemes, so treat any deposit here as a real gamble.
Max Leverage
Not published
Spreads From
Not published, DLC ForexTrade is not a regulated broker with its own dealing desk
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
