Forex and CFD trading has become a popular market to trade in recent years. As the market grows, it is unfortunately inevitable that scam brokers begin to emerge. Dacland Capital Limited is one such company that traders need to be cautious of. In this article, we will provide a detailed review of Dacland Capital Limited, including its services, license and regulation status, client feedback, and legal warnings.
Company Overview
| Broker Name | Dacland Capital Limited |
| Website | https://daclandfex.com/ |
| Location | China |
| Regulation | Not Regulated |
| Warnings | Multiple |
TeamÂ
Dacland Capital Limited doesn’t provide any information about its team members. This lack of transparency in the company’s management team creates a sense of distrust among potential clients.
Services and ProductsÂ
Dacland Capital Limited offers Forex and CFD trading through its trading platform. The platform offers traders access to various currency pairs, commodities, indices, and shares. However, the company does not provide any educational resources or analysis tools that can benefit traders.
Trading PlatformÂ
The advertised MT5 lacked any genuine proof. We have no proof to substantiate Dacland Capital Limited’s MT5 claim because the one link that should have led to a download file returned an error page.
Furthermore, very few unlicensed brokers provide either of the metawuote trading software behemoths.
Dacland Capital Ltd appears to have no trading platform, or if it has, it is a washed-up web trader.
License and Regulation
License Status
Dacland Capital Ltd is approved by EFISO (Euro Financial Investigation & Security Organization), which turned out to be not only a forgery and no regulator at all but also a wholly dysfunctional corporation with a broken website.
The broker claims to retain consumers’ segregated assets at JP Morgan branches, which is a total falsehood. This bank will never associate itself with a company like Dacland Capital Ltd.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Regulation Status
The broker is regulated by the FCA, the SEC in the United States, and FINRA, as well as the Mauritius FSC and the Vanuatu VFCS, according to the website’s home page. None of these assertions are correct. The FCA, FSC, and VFSC have no record of one Dacland Capital Limited, and the ostensibly US-based authorities are not license issuers. As a result, Dacland Capital Ltd has nothing to do with any of these organizations.
Why Should Not You Trust An Unlicensed Broker?
Unlicensed brokers are not held accountable by any financial regulatory authority. They are not bound by any rules or regulations that protect investors. Therefore, unlicensed brokers can engage in unethical practices that are detrimental to clients.
Legal Warnings Against Dacland Capital Limited
Dacland Capital Limited has been flagged as a potential scam by financial regulatory authorities in several jurisdictions. The Financial Conduct Authority (FCA), the UK’s financial regulatory body, issued a warning against Dacland Capital Limited in November 2020. The regulator stated that the company was operating in the UK without authorization.
Client Feedback About Dacland Capital Limited
About Their Trading
Traders have reported suspicious trading activities on their accounts with Dacland Capital Limited. These activities include unauthorized trades and inconsistent quotes.
About Their Customer Service
Clients have reported poor customer service from Dacland Capital Limited. There have been complaints about unresponsive customer support and unfulfilled promises.
How Can Reviewsadvice Help You If You Get Scammed?
It is important to trade with reputable brokers to avoid scams and fraudulent activities. If you have been scammed by Dacland Capital Limited, you can reach out to Reviewsadvice. We will provide you with free consultations and service recommendations to help you in recovering the lost fund.
Final Thoughts
Dacland Capital Limited is an unlicensed, unregulated broker that clients should be cautious of. Traders should always be vigilant of unlicensed brokers as they pose a significant risk to investors. Always check a broker’s regulation status before committing to trade with them.
