dollarsmarkets.com Reviews
is dollarsmarkets.com legitimate or a scam?How much trust do people have in dollarsmarkets.com?
Why is the trust score of dollarsmarkets.com very low?
The website “dollarsmarkets.com” claims to be a platform for trading in various financial instruments, including forex, precious metals, indices, cryptocurrencies, and more. However, several red flags and concerning elements are present:
1. **Unrealistic Leverage:** The website advertises leverage up to 1:3000, which is extremely high and not in line with regulations in many jurisdictions. Such high leverage can lead to significant losses for traders and is generally considered risky and inappropriate.
2. **Testimonials:** The website features testimonials from supposed users, but these are generic and lack specific details. Testimonials should be taken with caution, as they can be easily fabricated.
3. **Lack of Regulatory Information:** While the website mentions being regulated by the Financial Services Commission of Mauritius (FSC), it’s essential to verify this information independently. Additionally, being registered in Saint Vincent and the Grenadines is not a strong regulatory indication, as it’s known for its lenient financial regulations.
4. **High-Risk Warning:** The website includes a high-risk warning, which is a common practice in the financial industry. However, it’s important to consider the context and whether the platform actively promotes responsible trading.
5. **Company Address:** The provided address in Mauritius is a common one used by many businesses, and it’s essential to verify the physical presence and legitimacy of the company at this location.
6. **Restrictions on US Clients:** The website states that it does not service US entities or residents. While this is not inherently suspicious, it’s worth noting that many fraudulent or unregulated platforms avoid serving clients from the US due to the country’s strict financial regulations.
7. **Promises of Easy Profits:** The website’s emphasis on low minimum deposits, high leverage, and fast earnings through trading can be a common tactic used by unscrupulous platforms to lure in inexperienced or unsuspecting traders.
8. **Generic Content:** The website’s content is quite generic and lacks in-depth information about the platform’s trading conditions, technology, and risk management practices.
9. **Referral Program:** While referral programs are not inherently suspicious, they can be used to attract more users without necessarily reflecting the platform’s legitimacy or quality.
10. **SSL Certificate:** The website has a valid SSL certificate, which is a positive sign for security, but it doesn’t guarantee the legitimacy of the platform.
11. **Domain Age:** The domain has been registered for over four years, which might seem like a positive indicator. However, the age of a domain alone is not a reliable measure of a platform’s trustworthiness.
12. **High Tranco Ranking:** The website has a relatively high Tranco ranking, which indicates a significant amount of traffic. However, this doesn’t necessarily mean that the traffic is from legitimate or satisfied users.
In conclusion, “dollarsmarkets.com” exhibits several characteristics commonly associated with high-risk or potentially fraudulent trading platforms. It’s crucial to conduct thorough independent research, seek advice from reputable financial sources, and be extremely cautious before engaging with such platforms, especially in the high-stakes environment of financial trading.”
the reasons behind this review :
Unrealistic Leverage, Testimonials, Lack of Regulatory Information, High-Risk Warning, Company Address, Restrictions on US Clients, Promises of Easy Profits, Generic Content, Referral Program, SSL Certificate, Domain Age, High Tranco Ranking
Positive Points | Negative Points |
---|---|
Website content is accessible No spelling or grammatical errors in site content Archive Age is quite old Whois data is accessible Domain ranks within the top 1M on the Tranco list | Low review rate by AI Domain is new |
Domain age :
4 years and 2 months and 24 days
WHOIS Data Status :
Accessible
Website :
dollarsmarkets.com
Title :
Dollars Markets
Website Rank :
624262
Age of Archive :
23 year(s) 4 month(s) 25 day(s)
SSL certificate valid :
Valid
SSL Status :
Low - Domain Validated Certificates (DV SSL)
SSL issuer :
Cloudflare, Inc.
WHOIS registration date :
2020/04/22
WHOIS last update date :
2024/07/14
WHOIS Renewal Date :
2026/04/22
Organization :
Dollars Markets Limited
Country :
MU
Phone :
+27.570040034
Email :
info@dollarsmarkets.com
Organization :
Dollars Markets Limited
Country :
MU
Phone :
+27.570040034
Email :
info@dollarsmarkets.com
Organization :
Dollars Markets Limited
Country :
MU
Phone :
+27.570040034
Email :
info@dollarsmarkets.com
IP : 172.66.43.145
ISP : AS13335 Cloudflare, Inc.
Country : US
IP : 172.66.40.111
ISP : AS13335 Cloudflare, Inc.
Country : US
Name :
GoDaddy.com, LLC
IANA ID :
146
Registrar Website :
https://www.godaddy.com
Phone :
+1.4806242505
Email :
abuse@godaddy.com
Target : ns2.dollarsmarkets.com
IP : 162.159.9.226
ISP : AS13335 Cloudflare, Inc.
Country : US
Target : ns1.dollarsmarkets.com
IP : 162.159.8.154
ISP : AS13335 Cloudflare, Inc.
Country : US
This website was last scanned on August 23, 2024
Coinssp.vip
The website claims to be a leading quantitative trading firm, but there are several red flags that suggest it might be a scam: 1. Lack of Detailed Information: The website...
etagi.com
https://etagi.com redirected to https//petropavlovsk-kamchatskiy.etagi.com during the time we crawled it. The website etagi.com appears to be a legitimate real estate agency based in Petropavlovsk-Kamchatsky, Russia. The site provides information about...
logitravel.com
https://logitravel.com redirected to https//www.logitravel.com during the time we crawled it. Logitravel is a well-established online travel agency, offering a wide range of travel services, including flights, hotels, vacation packages, cruises,...