Damkonet is an unlicensed broker who claims to be an authorized forex broker under regulation of Marshall Islands Banking Commission (IRI). Regarding to IRI, we'd like to remind traders that IRI does not issue forex licenses or regulate forex activites. For more details of this broker, you can check our full Damkonet review.
We keep on reminding traders to be wary of offshore brokers in IRI as they don't provide any funds protection as well as withdrawals guagrantee. That means investors' funds in the broker is unsafe and cannot be protected by any laws.
We would recommend traders stay away from unregulated brokers like Damkonet and trade with licensed brokers. If you are looking for brokers to trade with, we would recommend brokers regulated by top-tier regulators like UK FCA, CySEC, ASIC, etc.
©2018-2022 BrokersView Ltd. All Rights Reserved.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.