In this Dakken Group review, we will give you reasons why dakkengroup.com is a scam site that you should avoid.
However, if you’ve lost money investing in this bogus Forex brokerage, CLICK HERE to recover your lost money as your funds may not be gone forever.
Is Dakken Group a legit broker?
The company Dakken Group is not legit and so they cannot offer you a reliable trading platform as claimed on their website.
The company is allegedly operated out of the St Vincent and the Grenadines but is not authorized by the FCA to provide financial services to residents of the UK.
This is why there is a warning against DakkenGroup because they are illegally offering investment services to UK residents without a valid license.
This is a very dangerous website, seeing that they are not likely to adhere to the strict rules and regulations that govern companies that offer financial services.
Whereas there’s nothing wrong with offering trading products and services to people who want to make money from the financial markets, the mistake of this vendor is that they have failed to inspire trust and confidence in traders.
There website looks like something that can go offline without notice. This is typical of all unlicensed brokers and investment scams.
Are your funds safe with DakkenGroup?
There’s something that suggests that Dakken Group lacks transparency and cannot be trusted with money.
Unregulated companies that provide Forex services don’t keep your funds in segregated accounts, meaning that there is a risk of this broker using your own funds for running their own business activities.
Furthermore, the FCA has stated that UK residents will not be eligible for compensation in the event that they are scammed by the unauthorized firm.
Dakken Group is also introducing us to their ‘team members’ but this information is suspicious as no professional profiles were provided.
Those ‘team members’ are introduced using just one name and position in the company but no linkedin profile to confirm their authenticity.
All of these things are considered red flags and evidence that your funds won’t be safe in the hands of this broker.
Dakken Group Review: The Conclusion
The risk of losing your investment is quite high hence we advice you to avoid this broker at all cost.
However, if you are a victim and you would like to recover your lost funds, CLICK HERE.
Thanks for reading this review.