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The WikiFX Score of this broker is reduced because of too many complaints!

DBG Markets

United Kingdom|5-10 years| Benchmark A|
Market Making(MM)|MT4 Full License|Regional Brokers|Suspicious Overrun|High potential risk|


Rating Index




Average transaction speed (ms)

413.5 Good


Full License


The WikiFX Score of this broker is reduced because of too many complaints!







MT4/5 Identification

MT4/5 Identification

Full License

Server Name
DBGMarkets-Demo MT4
Server Location Japan


+27 0861888221
First Floor, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines.


VPS Special
※ DBG Markets Real Accounts Only ※

Contact number


+27 0861888221

Other ways of contact

Broker Information


Company Name

DBG Markets Limited


DBG Markets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-07-15
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 41920)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

DBG Markets · WikiFX Survey
A Visit to DBG Markets in UK - Office Found
United Kingdom
DBG Markets · Benchmark
Average transaction speed(ms)
413.5 Good
The highest transaction speed(ms)
86 Great
The highest speed of opening positions(ms)
89 Great
The highest speed of closing position(ms)
86 Great
The lowest speed of opening positions(ms)
1984 Poor
The lowest speed of closing position(ms)
1985 Poor
11.79USD/Lot Great
25.72USD/Lot Perfect
Long: -4.97USD/Lot    Short: 1.98USD/Lot Great
Long: -35.76USD/Lot    Short: 17.15USD/Lot Poor
Average slippage
1 Poor
Maximum transaction slippage
Maximum positive slippage
-1 Good
Maximum negative slippage
Average disconnection frequency (times/day)
0.2 Perfect
Average reconnection time (millisecond/per request)
Ranking: 62 / 133
Test user 807
Orders 34,129
Ocuppied margin $1,589,220 USD
Data Source WikiFX Data provide
Updated: 2024-07-12 01:00:00

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Pyramid scheme complaint
    Mkt. Analysis

    DBG Markets · Company Summary

    Broker NameDBG Markets
    Founded in2007
    Registered inUnited Kingdom
    Regulated byASIC, FCA, FSCA
    Trading InstrumentsForex, Precious Metals, Shares, Indices, Commodities
    Demo AccountYes
    Maximum Leverage1:500
    Minimum Spread0.0 pips onwards
    Trading PlatformsMT4, MT5
    Minimum Deposit$0
    Deposit & WithdrawalVisa, Bank Transfer, Chinese UnionPay, Skrill, Webmoney, Crypto
    Customer Service24/7 live chat, online messaging, phone: +27 0861888221, email:

    What is DBG Markets?

    DBG Markets, established in 2007, is indeed a well-known online broker, commanding a strong market presence for over a decade. It operates from its London and Sydney headquarters, while also maintaining offices across the Asia-Pacific and South America.

    DBG Markets takes pride in offering a wide assortment of trading instruments, which include forex, precious metals, shares, indices, and commodities. It provides a maximum leverage of up to 1:500, giving traders the opportunity to maximise their trading capital.

    Additionally, the broker's offerings are accessible via the MetaTrader 4 and MetaTrader 5 platforms - renowned platforms popular amongst traders for their advanced charting tools, automated trading abilities, and user-friendly interfaces.

    DBG Markets' home page

    In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

    What Type of Broker is DBG Markets?

    DBG Markets is a MarketMaking(MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, DBG Markets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered.

    However, this also means that DBG Markets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with DBG Markets or any other MM broker.

    Pros & Cons

    • Regulated well• Regional restrictions
    • Extensive trading instruments• No info on minimum deposit
    • Demo accounts available• No info on commissions
    • MT4/5 supported
    • Multiple payment options without fees
    • 24/7 multi-channel support


    • Regulated by multiple reputable financial authorities, including FCA, ASIC, FSCA, and VFSC.
    • Offers a wide range of trading instruments, including forex, precious metals, shares, indices, commodities.
    • Offers risk-free demo accounts for traders to test.
    • Offers the popular MT4 and MT5 trading platforms, as well as a range of educational resources.
    • Provides multiple deposit and withdrawal options, with nofeescharged for deposits or withdrawals.
    • Customer support is available 24/7 via live chat, online messaging, phone, and email.


    • DBG Markets does not offer services to residents of certain jurisdictions, including but not limited to the United States of America, Iran, Afghanistan, Belgium, Hongkong, Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
    • There is no clear information about the differences between the available account types or the minimum deposit required to open an account.
    • The website does not provide information about commissions charged on trades.

    Is DBG Markets Legit ?

    DBG Markets is a regulated broker, operating under the oversight of several reputable financial regulatory bodies.

    • DBG MARKETS (AUSTRALIA) PTY LTD is regulated by Australia Securities & Investment Commission (ASIC, No. 247017).

    regulated ASIC license

    • DBG MARKETS (UK) LLP, its entity in the United Kingdom, is regulated by the Financial Conduct Authority (FCA, No. 469459).

    Is DBG Markets Legit ?

    • DBG MARKETS ZA (PTY) LTD, its entity in South Africa, has also registered with the Financial Sector Conduct Authority (FSCA) in South Africa, holding a Financial Service Corporate license under license no. 41920.

    Is DBG Markets Legit ?

    These regulators are known for their rigorous standards and require brokers to adhere to strict financial guidelines aimed at protecting traders.

    However, while being regulated by these bodies grants legitimacy to DBG Markets, it's always recommended for traders to perform their due diligence when choosing a broker. This includes researching the broker's reputation, reading online customer reviews, and fully understanding the terms and conditions attached to the broker's services.

    It's also important to note that while regulatory supervision can lower the risk of fraudulent activity, it can't eliminate such a risk entirely. Hence, adequate research and scrutiny should always be undertaken before deciding to trade with any broker.

    Market Instruments

    DBG Markets offers an extensive and diverse range of trading instruments with over 300 products available to traders.

    This includes forex, ensuring access to the dynamic foreign exchange market with various currency pairs.


    They also offer opportunities to trade in precious metals such as gold and silver, which can provide a hedge against economic instability.

    precious metals

    For those who are interested in equity investments, DBG Markets offers trading on numerous shares from a variety of businesses.


    Moreover, you can also access various indices, giving you the ability to take positions on the overall performance of a selection of companies in a specific market segment.


    Additionally, they also offer commodities that could include energy products like oil and gas, agricultural goods, and more.


    This wealth of options provides traders with many opportunities for portfolio diversification based on their own investment strategy and risk tolerance. Always remember to understand the risks associated with each instrument before investing.

    Account Types

    DBG Markets offers three account types tailored for different trading needs and preferences: Standard (STD), ECN, and VIP accounts.

    The Standard Account provides a straightforward entry point for traders. It features spreads starting from 1.6 pips and offers trading instruments covering forex, precious metals, shares, indices, and commodities. This account type operates with zero commission and supports multiple currencies.

    For traders seeking tighter spreads, the ECN Account is an excellent choice. It offers spreads from 0 pips, making it ideal for high-frequency traders and those employing scalping strategies. While it does come with a $6 commission, the potential for price improvement often outweighs this cost for many traders.

    The VIP Account combines elements of both, offering spreads from 0.6 pips with zero commission. This account type is well-suited for experienced traders who maintain larger account balances and require premium trading conditions.

    Notably, DBG Markets distinguishes itself by offering account opening with no minimum deposit requirement, providing accessible entry for traders at all levels.

    Account Types

    How to Open an Account?

    To open an account with DBG Markets, you would generally follow these steps:

    Step 1: Visit the DBG Markets official website.

    Step 2: Click on the “Open an Account” button located on the homepage.

    Click on the Open an Account button

    Step 3: You'll be directed to an online registration form. Fill out the form with your personal information including your full name, email address, phone number, country of residence and choose the type of account you wish to open.

    fill in required info

    Step 4: Agree to the terms and conditions and click Submit.

    Step 5: You may be required to verify your identity and address. This often involves uploading a clear, readable copy of your ID (like a passport or driver's license) and a proof of residence document (like a utility bill or bank statement that clearly shows your full name and address and is not more than 3 months old).

    Step 6: Once your application is approved and your identity verified, you'll be able to fund your account.

    Step 7: After making a deposit, you can then access your account and start trading.

    You should check the exact details as per DBG Markets' policy on their website or by contacting their support service. It's also crucial to familiarize yourself with the trading platform, and understand all the risks involved in trading before you start.


    DBG Markets offers a maximum leverage of up to 1:500, which is relatively high compared to other brokers in the industry. This high leverage allows traders to open larger positions with a smaller deposit, potentially increasing their profit potential.

    However, it also comes with significant risks as high leverage can amplify losses, especially for traders with limited experience or those who do not use proper risk management techniques. Traders should be aware of the risks associated with high leverage and use it responsibly to avoid excessive losses.

    Pros Cons
    • Allows traders to open larger positions with smaller deposits• High leverage can increase the risk of significant losses
    • Can potentially increase potential profits• Requires a good understanding of risk management to avoid excessive losses
    • Provides greater flexibility in trading strategies• High leverage may encourage overtrading and impulsive trading decisions

    Spreads & Commissions

    DBG Markets offers a tiered structure of spreads and commissions across its three account types. The Standard (STD) Account features spreads starting from 1.6 pips with no additional commission, suitable for traders who prefer straightforward pricing. For those seeking tighter spreads, the ECN Account provides spreads from 0 pips, coupled with a $6 commission per trade, appealing to high-volume and algorithmic traders. The VIP Account strikes a balance, offering spreads from 0.6 pips without commission, tailored for experienced traders with larger account balances.

    Overall, DBG Markets appears to offer pricing that's in line with industry standards, with potentially advantageous terms for higher-volume traders.

    Account Types STD Account ECN Account VIP Account
    SpreadsFrom 1.6 pipsFrom 0 pipsFrom 0.6 pips

    Trading Platforms

    DBG Markets offers access to four chocies of trading platforms for clients who trade on this platform: MetaTrader 4 & MetaTrader 5, PAMM/MAM, as well as a webtrader.

    MetaTrader 4 (MT4)

    DBG Markets provides the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both renowned for their robust features and user-friendly interfaces. These platforms are accessible across multiple devices, including desktop computers, mobile phones, and tablets, as well as through web browsers, ensuring traders can manage their positions from anywhere.

    MetaTrader 4 (MT4)

    MetaTrader 5 (MT5)

    MetaTrader 5 (MT5)


    For investors seeking managed accounts, DBG Markets supports PAMM/MAM systems, allowing for efficient fund management.



    Additionally, the broker offers a proprietary Webtrader platform, providing a lightweight, browser-based alternative for traders who prefer not to download software.


    Pros Cons
    • Wide range of tools and indicators for technical analysis• Limited selection of social trading features
    • User-friendly interface with customizable charts and workspace• Limited integration with third-party platforms
    • Ability to run automated trading strategies with Expert Advisors (EAs)• Limited support for backtesting and strategy optimization
    • Available on desktop, web, and mobile devices for flexible access
    • Support for multiple order types, including pending orders and stop losses

    Deposit & Withdrawal

    Payment MethodCurrencyFeesProcessing Time
    VISA CardsUSD, EUR, GBP, AUD, NZD, CAD$0Instant
    Bank TransferUSD, EUR, GBP, AUD, NZD, CAD$01-3 working Days (Deposit)/1 Working Day (Withdrawal)
    Chinese UnionPayCNY$0Instant

    DBG Markets offers a variety of deposit and withdrawal options, including Visa, Bank Transfer, Chinese UnionPay, Skrill, Webmoney, and Crypto, with no fees for transactions. The company supports various currencies such as USD, EUR, GBP, AUD, NZD, CAD, CNY and USDT.

    However, there is limited information about the minimum deposit and maximum withdrawal amount.

    Most of DBG Markets' deposit and withdrawal methods are geared for instant transactions, providing a smooth flow of funds for DBG Markets' clients. However, it's worth noting that transactions involving Bank Transfers may take a bit longer. Deposits done via Bank Transfer could take approximately 1-3 working days to arrive and be processed, while for withdrawals a processing time of 1 working day is usually required. This expected delay is generally due to the banking systems and processing times of the banks involved, which vary between institutions. Thus, it is advisable to plan your transactions ahead, particularly if you prefer using Bank Transfers for your financial operations.

    • Multiple deposit and withdrawal options• Limited information on minimum deposit amount
    • No deposit or withdrawal fees• Limited information on maximum withdrawal amount
    • Various currencies available
    • Instant deposit and wiithdrawal processing time

    Customer Service

    DBG Markets offers multiple channels for clients to reach out with inquiries or concerns. The brokerage maintains a support team accessible via phone at +27 0861888221 and email For those who prefer written communication, a message form is available on their website, allowing clients to submit detailed inquiries. Online chat is also available, which supports English, Vietnamese, and Chinese communication.

    Physical Address: No. 9 Cassius Webster Building, Grace, Complex, PO Box 1330, The Valley, AI-2640 Anguilla

    Customer Service

    However, there is limitedFAQ section available on their website, which can be inconvenient for traders seeking quick answers to common questions.

    FAQ page

    However, there is no dedicated account manager available, and DBG Markets does not provide support through social media platforms.

    Pros Cons
    • 24/7 live chat support• No dedicated account manager
    • 24/7 phone support• No social media support
    • Quick email response time
    • Physical address listed on website
    • FAQ section available

    Frequently Asked Questions (FAQs)

    Is DBG Markets regulated well?

    Yes. It is regulated by ASIC in Australia, FCA in the UK, and FSCA in South Africa.

    At DBG Markets, are there any regional restrictions for traders?

    Yes. It does not offer services to residents of certain jurisdictions, including but not limited to the United States of America, Iran, Afghanistan, Belgium, Hongkong, Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

    Does DBG Markets offer demo accounts?

    Yes, it offers demo accounts.

    Does DBG Markets offer industry leading MT4 & MT5?

    Yes. Both MT4 and MT5 are available.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.


    The Upgrade is Not Just Superficial, DBG Markets Official System 2.0 is Officially Released!

    NewsThe Upgrade is Not Just Superficial, DBG Markets Official System 2.0 is Officially Released!

    2024-06-04 15:22

    Recently, DBG Markets has upgraded its system comprehensively, and both its official website and customer management system have been updated to version 2.0. This upgrade not only has a brand new visual effect, but also has comprehensively optimized the functional layout and user experience, aiming to provide every user with a more efficient and convenient trading environment.

    2024-06-04 15:22
    The Upgrade is Not Just Superficial, DBG Markets Official System 2.0 is Officially Released!
    WikiFX Reviews DBG Markets

    NewsWikiFX Reviews DBG Markets

    2023-07-07 09:37

    In today's comprehensive review, WikiFX will delve into the details of DBG Markets, an established forex broker established in 2007.

    2023-07-07 09:37
    WikiFX Reviews DBG Markets
    Everything you need to know about Forex Trading in South Africa

    NewsEverything you need to know about Forex Trading in South Africa

    2022-05-06 15:55

    The foreign currency market is the world's largest financial market, with daily trading volume exceeding 85 trillion ZAR.South Africa's daily forex trading volume is projected to be approximately 271 million ZAR, and the South African rand is among the top 20 most traded currencies, with an annual trading volume over 1 trillion ZAR.

    2022-05-06 15:55
    Everything you need to know about Forex Trading in South Africa


    2022-05-04 15:01

    Aside from being the world's largest and most talked-about financial market, Forex has a highly compelling feature: it operates 24 hours a day, seven days a week. Being available and welcoming worldwide participation at all hours of the day and night is undoubtedly its finest feature. Even though Forex never sleeps and there are countless possibilities to begin trading, some time periods are preferable. Here's all you need to know about FX trading hours.

    2022-05-04 15:01

    User Reviews

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    Write a review

    more than one year
    Been trading with DBG Markets and honestly, it's been pretty chill. Withdrawals are fast, no headaches there, and their support team is always on point. Super easy to use their platform too.
    2024-06-18 10:13
    Arjun Kapoor
    more than one year
    Quick service to verify the accounts and transfer the funds👍👍👍
    2024-05-16 14:10
    more than one year
    Nothing short of excellent. The 0 spread starting point, high leverage of up to 1:500, and fast deposit and withdrawal processes. Their various trading products, including forex, precious metals, shares, indices, and cryptocurrencies, provide abundant choices. I've found their customer support to be very efficient and available 24/7. Their transparency and possession of multi-regional licenses add credibility, making me trust them even more. Their MetaTrader 4 / MetaTrader 5 platforms are user-friendly and convenient – it’s never been easier to trade on the go. In short, smooth and hassle-free!
    2024-04-26 16:31
    more than one year
    Great service - Gabby is my account manager, she always contacts me promptly, even using WhatsApp to reach out because I'm in different countries/regions. Nothing but praises for her!
    2024-03-22 15:29
    more than one year
    I've gotta say - DBG Markets gives you a bit of everything! Been with them for a while and it's been quite a ride. They have their base in London and Sydney, with offices scattered all over the place like breadcrumbs. The range of trading instruments is a real treat. I mean, from forex and precious metals to shares, indices, and the like, it’s like having your own personal buffet. Sure, the maximum leverage of 1:500 is a bit of a tightrope walk, but if you play cautious, it can actually spice things up, you know? The whole Market Making stuff does make you pause though, feels like playing chess with the computer sometimes. But, hey, they are regulated by big names like ASIC and FCA, which throws in a reassuring lifeline. As for the trading platforms, trust me guys, MetaTrader 4 and 5 platforms are as addictive as Candy Crush, minus the craving for sugar. Moving funds around is also pretty chill with Visa, Bank Transfer, and even Crypto! And who doesn't like freebies? They've waived the transaction fees which is a neat bonus. Customer support needs a bit of a tune-up, though. I mean, they're prompt with live chat and phone calls but a social media presence would be really nice. I totally miss having a dedicated account manager, made me feel all VIP. Overall, DBG Markets is pretty smooth sailing, except for a few hiccups here and there. My advice - do your homework before you jump in. But once in, it's quite the adventure. Happy trading, folks!
    2023-09-13 18:03
    more than one year
    Stay away, guys, I swear that it is surefire to lose your money if you use this broker. I have been scammed for more than ten times. I bought this expensive trading experience this way.
    2023-02-24 14:24
    more than one year
    DBG Markets is the best broker in my mind. They offer an excellent online trading platform and charge a low brokerage fee. It is the most transparent forex broker. Continuous improvement and innovation made them the fastest-growing company...
    2023-02-14 18:35
    Daniel M
    more than one year
    DBG's customer service is excellent! They were able to help me with my questions in a timely manner. They will show you how to deposit and withdraw money. Although trading is more stable, swap is also higher
    2023-01-15 19:41
    more than one year
    I’ve been trading with GBG Markets for a while and I must confess it is an amazing broker, fast deposit and withdrawals, thoughtful and professional customer service…
    2022-12-19 09:46
    more than one year
    Everyone run away! This is a black platform! ! You can only deposit but not withdraw, because these evil liars will fabricate various reasons to reject your withdrawal application, and even let you re-deposit, in fact, they are all to defraud you of more money!
    2022-12-15 09:49
    more than one year
    DBG is an old trader in Australia, very trustworthy, recommended to me by a friend. I like to trade currency pairs with high leverage, and their customer service staff is also very professional and helped me process the withdrawal in time. There is no malicious increase in transaction costs, in short, it is very reliable!
    2022-12-13 09:58
    more than one year
    2022-11-05 14:12
    more than one year
    DBG markets SCAM BROKER
    2022-11-05 14:11
    more than one year
    2022-10-14 12:38
    more than one year
    2022-10-13 03:28
    more than one year
    Rotten ~ ~ ~ ~ malicious black platform
    2022-09-25 10:06


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