Abstract：Offering misleading information is a common tactic used by fraudulent brokers. It seems to be very reliable if you take a very quick glance at the statements the fraud shows on its page.
False Company Foundation Year
Dakras Markets introduces that it is a a financial service provider that provides investors with online trading services for financial derivatives such as forex, precious metal, and GFDS CFD, starting its history in 2002. But domain check result shows it was exclusively created in late 2020. It is a red flag here.
Only Registered in the UK Companies House
Headquartered in the UK, Dakras Markets is only registered in the UK Companies House(company number: 12961125).
However, the House doesnt regulate any forex activities of UK companies, it is the Financial Conduct Authority (FCA) that supervises currency activities in the UK market. And when we searched on the FCA registry, we found no registration results. That means it is an unlicensed UK-based forex broker.
SFC Added the Company to Its Alert List
What's more, On 12 Mar 2021, the the Securities And Futures Commission(SFC) in Hong Kong added Dakras Markets into its Alert List, saying the companys Hong Kong address is invalid and it is an unlicensed entity.
Based on the above information, we can conclude that Dakras Markets is a scam.
