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No Regulation
Score
1.69 /10
Danger
DBFS
5-10 yearsSuspicious Regulatory License
Self-developed
Suspicious Scope of Business
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.37
Risk Management Index0.00
Software Index4.86
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2025-12-13
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
WikiFX Verification
| DBFS Review Summary | |
| Founded | 2008 |
| Registered Country/Region | India |
| Regulation | No Regulation |
| Trading Products | equities, bonds, mutual funds, futures, options |
| Demo Account | ✅ |
| Trading Platform | DBFS app |
| Minimum Deposit | / |
| Customer Support | Phone: 91 484 256 6000 /260 |
| Email: helpdesk@dbfsindia.com, ho@dbfsindia.com | |
| Address: 2nd Floor, Chammany Chambers, Kaloor – Kadavanthra Road, Kaloor, Kochi, Kerala – 682017 | |
| Facebook, YouTube, Instagram, LinkedIn, X | |
DBFS is an unregulated financial firm established in 2008, based in India. It offers trading in equities, bonds, mutual funds, futures, and options. The company provides a demo account and the DBFS app, available on both the App Store and Google Play. However, there is limited information available regarding trading fees and account details.
Pros and Cons
| Pros | Cons |
| Demo accounts available | No regulation |
| Various trading products | Limited info on accounts |
| Limited info on trading fees |
Is DBFS Legit?
At present, DBFS lacks valid regulation. Its domain was registered on April 25, 2008, and the current status is “client Transfer Prohibited”. We advise you to consider other regulated firms.
What Can I Trade on DBFS?
| Trading Products | Supported |
| Equities | ✔ |
| Bonds | ✔ |
| Mutual Funds | ✔ |
| Futures | ✔ |
| Options | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices |
| DBFS app | ✔ | App Store, Google Play |
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