Des Trading Review 2024

I saw an advertisement for a new brokerage company that promised the best conditions for Forex trading and decided to try it. I funded my account with a small amount to check the trading platform and explore fees, order execution speed, etc. Everything was fine, and I decided to continue trading with this company. I was ready to deposit a larger amount, but fortunately, I decided to check how they withdraw money. I submitted a request and waited three days, but the money never came. I contacted support. They told me that there was a website failure due to a DoS attack and as soon as the problem was resolved, the money would be transferred to my account. However, I never saw any money, although I kept writing them for a couple more weeks. Des Trading is a scammer who stole my £200.

I am quite experienced in trading currencies. When I discovered Des Trading, I was searching for a broker with more favorable conditions. Everything offered by Des Trading was good for me, so I opened a trading account without hesitation and immediately funded it with £1,000. I started trading, but I suspected that something was wrong, because support didn’t respond quickly, and managers often couldn’t give clear answers to simple questions. But this wasn’t the biggest problem. The broker turned out to be a scammer who was stealing money from its traders. I tried to withdraw funds many times and contacted support through all available communication channels, but I never saw my money.

Des Trading didn’t return my £300! No matter how many times I contacted support, they ignored my messages. This is not a broker, but a scam that places expensive advertising on the net, persuades its clients to invest more money, and then simply closes its website and disappears. Des Trading is not a licensed broker, and its statements that it is regulated by FCA are lies! I checked the Financial Conduct Authority website and Des Trading was not listed there. Unfortunately, I checked this only after I had lost the money. Now I will always check a broker before investing my money.

I registered with DesTrading but didn’t make a deposit. I wanted to first study their rules and documents. The broker’s representatives immediately started calling me and persuading me to start trading. Such importunity seemed suspicious, and I decided to check their FCA license. DesTrading was not on the registry, which meant that it was not entitled to conduct brokerage activities. When they called me again to persuade me to deposit money, I said that I suspected them of fraud. They hung up and never called back, and a month later their website disappeared from the internet.

I registered on the Des Trading website to acquaint myself with their conditions, although I didn’t plan to start trading at once. I wanted to see the first reviews. The broker’s representative called me immediately and began to persuade me, saying that if I funded my account within three days and started trading, they would give me reduced spreads and I would have the opportunity to choose leverage up to 1:1000. I believed them, deposited £500, and started trading currencies. In a couple of weeks, I earned about £200 and decided to withdraw it to check how quickly the broker processes withdrawal requests. First, they asked me to upload bank statements, then receipts where my registration address would be visible, and then they stopped responding.

Des Trading are scammers whose advertisement said that they were registered in the UK and working with them was profitable and safe. That was a lie! Their main task was to attract clients with money and steal all the funds deposited into their trading accounts. I lost £2,500 in this way. They promised that if I deposited this amount, I would have VIP trading conditions, but everything turned out to be a lie. I couldn’t withdraw my money from the company, so I filed a statement of fraud to the cyber police. There is no hope of a refund, as these scammers are from somewhere in Africa and it is almost impossible to find the organizer.

I saw des trading’s beautiful commercial and believed it. I thought that the young broker would offer the best conditions to compete with companies that have been on the market for a long time. My credulity cost me a large amount because des trading turned out to be scammers who created a website to steal money from its traders. They called me and persuaded me to invest more, promising individual conditions with maximum benefits. But their task was to fraudulently acquire more of my money and abscond! Support stopped responding when I tried to withdraw funds, although they always were in touch when I had other questions. After a while, the company’s website stopped working and I realized that I would not receive my money.