In this review, we’ll look into DB Investing Broker, a forex and CFD trading platform registered in Seychelles and regulated by the Seychelles Financial Services Authority (SFSA).
Known for its high leverage, simplified registration, and various funding options, DB Investing Broker offers diverse asset classes for trading.
This “DB Investing Broker review” covers the broker’s history, features, customer experiences, and a guide on how to get started.
History of DB Investing Broker
Founded in 2018, DB Investing Broker has aimed to provide a global trading solution, with traders from almost every country except the United States, the European Economic Area, and certain OFAC-sanctioned regions.
Being an offshore broker means it isn’t bound by strict financial regulations from the EU or the U.S., which allows it to offer unique trading perks like higher leverage.
The platform caters to both beginner and advanced traders with simplified account setups and educational resources such as eBooks and webinars.
Features of DB Investing Broker
1. Trading Platforms
Offers MetaTrader 5 (MT5) and Sirix. MT5 supports more advanced features like automated trading and is downloadable, while Sirix is browser-based and more suited for beginners.
2. Diverse Asset Classes
Offers trading in over 100 currency pairs, 20+ cryptocurrencies, indices, metals, energies, soft commodities, and over 500 stocks from global markets.
3. Account Types
Five account types, Standard, STP, Islamic (swap-free), Pro, and ECN, with varying spreads and deposit requirements.
Pro accounts offer the lowest spreads starting from 0.9 pips, but at a high minimum deposit of $30,000.
4. Leverage
Exceptional leverage up to 1:1000, which appeals to traders looking for more substantial trading power. However, high leverage comes with added risk.
5. Funding Methods
Accepts multiple funding options like bank transfers, credit cards, FasaPay, and cryptocurrencies (e.g., Bitcoin, Tether), catering to a global clientele.
Pros of DB Investing Broker
1. Wide range of trading assets and account types.
2. High leverage, flexible for traders needing more buying power.
3. Offers crypto-based funding and withdrawals.
4. Simple sign-up and identity verification processes.
Cons of DB Investing Broker
1. Higher spreads compared to some other brokers, especially on high-deposit accounts.
2. Limited regulation due to offshore status, adding potential risk.
3. Restricted for traders in the U.S. and European Union.
Customer Review
DB Investing Broker has mixed review from users worldwide:
Positive Review
- Many users appreciated the user-friendly registration and the range of assets offered.
- Some praised the ease of using both MT5 and Sirix platforms, particularly MT5’s comprehensive features.
Negative Reviews
- A common complaint involves withdrawal issues, with some users alleging difficulty accessing funds. For example, one customer reported unauthorized account deletions and denied withdrawals.
- Other users expressed concerns over high spreads, especially on smaller accounts, which they felt reduced profitability.
How to Get Started with DB Investing Broker
1. Sign Up
Head over to the DB Investing Broker website and start by creating your account. You’ll need to provide some basic details like your name, email, and preferred password.
Make sure to use a valid email, as they will send a confirmation link you’ll need to verify before proceeding.
2. Verify Your Account
To ensure security and comply with regulations, you’ll need to complete a quick verification process.
This involves uploading a government-issued ID (like a passport or driver’s license) and a recent proof of address (such as a utility bill).
This step is crucial to help secure your account and keep your funds safe.
3. Select Account Type
They offer several account types tailored to different trading levels and financial goals.
Think about what you’re looking to achieve and your budget before choosing.
Beginners might prefer the Standard account, while experienced traders could look at Pro or ECN accounts for more features.
4. Deposit Funds
With your account set up, it’s time to add funds. DB Investing Broker makes this simple with several payment options, including bank transfers, credit/debit cards, and popular cryptocurrencies like Bitcoin.
Choose the method that suits you best, keeping in mind any fees that might apply based on the payment type.
5. Download Trading Platform
Depending on how you prefer to trade, you can either download the MT5 platform, known for its advanced tools and analytical capabilities, or you can use Sirix, which is web-based and easy to use.
Both platforms are user-friendly and offer essential features for tracking the market and managing your trades.
6. Start Trading
Now, you’re ready to trade! After logging into your chosen platform, you can explore various markets and start trading.
Keep an eye on the live prices, place trades, and manage your positions directly from the platform.
Take your time to check the tools and strategies available to help make informed trading decisions.
Frequently Asked Questions
1. Is DB Investing Broker regulated?
Yes, DB Investing Broker is regulated by the Seychelles Financial Services Authority (FSA).
However, because it’s an offshore broker, it doesn’t follow the regulations of more restrictive financial bodies, like those in the EU or the U.S.
This means its policies might be different from brokers regulated in those regions.
2. What platforms does DB Investing Broker offer?
DB Investing Broker gives you two main platform choices:
- MetaTrader 5 (MT5): Ideal for experienced traders who need detailed charting tools and customization options.
- Sirix: A simpler, web-based platform that’s user-friendly and suited to beginners, accessible directly through a web browser without extra software.
3. Can I fund my account with cryptocurrency?
Yes, DB Investing Broker accepts cryptocurrency for account funding. You can use Bitcoin, Tether (USDT), and other digital currencies, which may be convenient for fast, secure transfers without relying on traditional bank methods.
4. What is the minimum deposit for the Standard account?
To open a Standard account, you’ll need to deposit at least $100.
There are also other account types, such as Pro and ECN, which have higher minimum deposit requirements but offer different features, possibly with tighter spreads or advanced options for experienced traders.
Conclusion
DB Investing Broker is designed for traders who need flexibility and a broad range of trading assets, particularly those outside the U.S. and EEA.
The “DB Investing Broker review” has shown that while the broker offers attractive features such as high leverage and crypto-based funding, potential customers should be cautious due to mixed reviews and offshore status.
While DB Investing allows for potentially larger returns on investments) and the ability to fund accounts with cryptocurrencies, users should be cautious.
The broker’s offshore status and mixed reviews mean it’s important to fully understand its services and risks before deciding to trade with them.