DLS

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AC-506663

DLS

⚠ Flagged on the register · High risk

We checked DLS against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.

Why it’s flagged

⚑ Unregulated / unlicensed⚑ Offshore / shell registration
Named in relation to ASIC (Australia)

What we found

DLS, owned and operated by Dragon Leader Services Limited, claims to be an authorized broker bearing licenses issued by several regulators, including the Australian Securities & Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), and the Financial Commission. Despite the provided regulation and certification on its website, DLS is not under valid supervision for the following reasons. 1) The Financial Commission simply acts as an independent external dispute resolution (EDR) organization that does not regulate forex markets nor issues licenses for brokers engaging in such activities. 2) We didn't find any result matching this broker from the registry of ASIC and VFSC. So DLS is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Assessment source: FastBull BrokersView.

What to do next

  1. Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
  2. Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
  3. Report it to your regulator and to local police / action-fraud line so it’s on the official record.
  4. Add your report here so the next person searching this name is warned — report DLS.
  5. Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.

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