diziCX Review: Dizicx.com Forex Scam Exposed
diziCX (Dizicx.com) is a Congolese Forex trading platform that openly claims to be regulated by the FCA. Dizi CX is another scam which is openly stealing from European investors. With the claim of being regulated by the FCA, investors signed up without a second thought. DiziCX is another brutal online trading platform that must be stopped dead on the track. Read this detailed and eye-opening DIZICX Review for more details.
About diziCX
Republic of Congo is the address that is found at the disclaimer of the homepage. It means this broker is offshore and they are far from being trustworthy. They claim diziCX is an STP broker which was created by traders to improve the trading experience. They claim their liquidity comes direct from their liquidity providers. The ECN price feed is ineffective as more members continue to lash out on the broker. Stay safe by using approved and recommended brokers to achieve reasonable trading goals.
Apart from being another scam, the platform is also using a foreign regulator as their compliance scapegoat. These scam artists have gone a step further and used UK as their main base of operation. Scam artists will do or say anything to try and make their platforms appear legit. And this is another reason why it is best to stay away from this illicit trading platform. diziCX is a crude online trading platform that has stolen from people unsuspecting investors. Continue reading this review to find out some of their well-hidden traps.
Assets Used for Trading
diziCX is using CFDs and Commodities as their main assets for trading. CFDs used on the platform include XAG/USD, XAU/USD, AUS200, GER30, NA100, and US30. Commodities listed include Copper, crude oil, gold, natural gas, platinum, and Silver. They claim to have more than 200 trading instruments under their commodity assets. The platform also promises leverage of up to 1:100 and tight spreads. Members are also promised free market insights from their professional analysts.
Business Owner
The group of traders who helped build this platform remains to be unknown. Once a platform becomes a hit, founders would want recognition. Only scam artists remain underground for fear of being targeted by authorities. Anonymity is synonymous with this platform as no one else has been mentioned. Stay away from anonymous trading platforms as they offer no real trading services. Anonymity enables scam artists to steal funds without being traced. It makes recovering stolen funds next to impossible.
Domain Details
According to the domain register whois.net, the website dizicx.com was created on 8th May 2017. And this is proof the platform has been stealing from traders for a number of years. Complaints did not reach our help desk until recently. These scam artists wanted to branch into the European market. They claimed to be regulated by the FCA which caught our attention. This coupled with complaints led to a thorough investigation.
License and Registration of diziCX
The platform claims to be based in the Republic of Congo and regulated by the FCA. And this is a huge problem as the FCA does not regulate African brokers. These scam artists thought they would get away with their false claims. And this is another reason why we must expose them. Their entire website has no details regarding their license and registration certificates. Disclaimer at the footer of their homepage does not have information regarding the license number. And this is a huge problem as they should inform visitors about their compliance.
A look at the registry from the Central Bank of Congo reveals no such platform exists. These scam artists were just using false information to portray compliance. And this is one of the many reasons why we must stay away from unlicensed platforms. An unlicensed broker does not safeguard funds which poses a risk to investors.
Restrictions of diziCX
Account Types
diziCX is claiming to offer MAMM accounts under five different account types. The accounts mentioned include Micro, Standard, Premium, ECN Pro, and Star VIP. Minimum deposit for the Micro account starts at $10. And this is proof the platform is targeting newbie traders. The industry has set $250 as the required minimum depository requirement. They offer a maximum leverage of 500 which is a huge disadvantage to newbie traders. These are scam artists who want to openly steal from unsuspecting investors.
Bonuses Offered
A welcome bonus of $20 is on the offer. The broker is giving away free $50 which is unheard of. For unsuspecting investors, this is a reason to sign up. If you look at it professionally, this is another well-laid trap. To withdraw any funds from the website, you have to pay back the $50. Members who deposited $10 and got a $50 bonus will have to deposit $50 to withdraw their $10. And this is how investors lose money with dizicx.
Customer Service and Support
After landing on their contact page, it is clear diziCX is hiding something. The website has no phone contact details which is proof the website is a scam. With today’s technology, the platform should also offer live chat support. Instead, they prefer to use emails which are far from effective. Scam artists may decide not to response to certain emails. In this case, the website shuts down accounts which send withdrawal requests via email. And this goes to show how irresponsible signing up with dizi CX is.
Demo Accounts
Another scary feature with dizi CX is using a demo account which does not relate to their actual terminal. These scam artists are using an MT5 based demo account specifically meant to throw off investors. The MT5 demo account works perfectly; it has the advanced tools and features. These scam artists have fooled investors into believing they offer a real demo account.
Deposit and Withdrawal
According to their deposit and withdrawal page, dizi CX is offering a number of depository channels. Depository channels listed include Bitcoin, MasterCard, Neteller, Skrill, and Visa. Crediting the accounts is instant; the only problem is withdrawing funds. Members are having a hide time withdrawing funds with the platform. The website is silent on the withdrawal procedure and how long members have to wait.
Trading Terminal
diziCX is claiming to offer MT5 trading platform which is far from the truth. Their trading terminal is full of loopholes top of them being security software. The platform lacks necessary security tools to protect members from third party attacks. These scam artists are waiting exposing members to hacking from third parties. With a custom made trading terminal, speed of execution is slow to say the least. Their trading platform is also unstable and not compatible with various devices.
Safety of funds with diziCX
Another scary feature with dizi CX is your funds will never be secure. Segregation of accounts is not taking place and the platform is pooling funds in one account. Members have been depositing funds straight to owner’s bank account. And this is another reason why you should stay away from the platform. Stay away from this platform or else become their next victim.
Scam or legit diziCX
Without a shadow of doubt, diziCX is a scam. WARN your family and friends from joining any of their affiliate programs.
Final Thought
By adding the platform to our scam blacklist, we will be helping our readers stay informed.
Stay safe and use credible and dependable Cryptocurrency trading robots.
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