Brief information about the CFD broker “DMF Partners”
DMF Partners – a company specializing in contracts for difference, also known as CFDs. It is recognized as a leading representative in its industry. The company was founded in 2017 and registered in Cyprus. It holds three licenses: from the Cyprus Securities and Exchange Commission, the Financial Services Commission of Mauritius, and the International Financial Services Commission. According to the website, the company actively operates on an international scale and serves over 200,000 investors worldwide.
Trading opportunities and instruments
Clients can trade various assets, including currency pairs, precious metals, stocks of companies such as Microsoft, Facebook, Amazon, eBay, Google, as well as stock indices and cryptocurrencies in the form of tokens like Bitcoin, Ripple, Monero, and others.
Tariff plans and account types at “DMF Partners”
The company does not offer demo accounts, but it has three types of real accounts, each designed for a specific level of experience and financial capabilities of traders:
- SILVER – for beginners with an initial deposit starting from $1,000, leverage 1:20, instant trade execution.
- GOLD – for experienced traders with an initial deposit starting from $25,000, leverage 1:100, instant trade execution, the ability to trade cryptocurrencies and precious metals.
- BRILLIANT – for experienced traders with an initial deposit starting from $50,000, leverage 1:500, instant trade execution, the ability to trade cryptocurrencies, precious metals, ETFs, indices, invest in PAMM accounts, deposit insurance, and personalized support.
Features of trading platforms from “DMF Partners”
Currently, there is no description of trading platforms for trading. There is no information about the need to download a trading platform or the ability to trade through a browser. Also, there is no information on the availability of a mobile version of the platform on the website.
Deposits and withdrawals
Available deposit methods are not specified, but there is information about a minimum amount of $1,000. The withdrawal commission fee is unknown. Information about the processing time for withdrawal requests is also not provided.
Registration and access to the “DMF Partners” personal account
The registration form is located in the top right corner of the website. The client needs to fill in all fields and confirm their agreement with the “User Agreement” and “Refund Policy.” After registration, verification is required, which involves uploading a passport photo and TIN. Without verification, the client cannot withdraw funds.
Conclusion
We recommend exercising caution and not depositing funds into the broker’s account without proper verification of its authenticity. It is advisable to consult with an expert before opening a deposit on the DMF Partners platform.
Sophie
I’m extremely disappointed with the service provided by DMF Partners. They display a lack of transparency and their communication is terrible. Information about my investments was not clearly conveyed to me, leaving me in the dark about where my money was going. Broker fees were also exorbitantly high, and demanding payments above the industry average. To top it off, I found their customer service hugely lacking, with long response times and unhelpful replies. It’s safe to say I will not be using DMF Partners again and would advise others to do the same.