Did DTT VAN LTD scam your deposits as well as profits earned on the platform? Did you fail to receive any positive response on the fund withholding by the Vanuatu-based forex broker? Was your trading account illegitimately blocked by the broker? You are not alone! Many traders have vehemently opposed the broker for its suspicious trading activities. In this DTT VAN LTD review article, we have shared some of the complaints. Read on!

DTT VAN LTD Overview: Company Profile, Trading Platforms & Account Types

DTT VAN LTD is a multi-asset broker that allows traders to unleash potential across forex, stock CFDs, indices, gold and oil markets.

The trader, on its official website, advertises free training & video tutorials, free access to DTT Plus, a dedicated account manager, competitive spreads, and a huge range of products.

As far as trading platforms are concerned, the broker offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) applications.

As a trader, you have demo and real accounts, whose trading conditions have been elaborated below.

The broker advertises a competitive spread on the website. However, the broker does not provide any numerical spread data, which reduces transparency.

Investigating the Top Forex Trading Complaints Against DTT VAN LTD

Multiple Fund Scam Allegations

Multiple traders have accused DTT VAN LTD of scamming their deposits or profits or both. They have complained about the broker not paying them back despite repeated requests via calls or emails. Bereft by this seemingly scamming tactic, traders shared their DTT VAN LTD reviews online. Have a look at them.

Illegitimate Fund Deduction & Lack of Effective Customer Support

A United Arab Emirates-based trader raised a complaint, claiming that Direct Trading Technologies (DTT) allegedly declined the withdrawal request, citing swap-free and policy abuse by the former. Whats more, the broker reportedly deducted $7,138.04 from his account. However, according to the trader, the broker failed to provide any evidence, trade log or other details that may have vindicated its stand. Rather, the broker gave contradictory explanations on the issue, the complaint added. The trader also shared an email asking for clarification, to which he received a response of no negotiation on it. Feeling deceived, the user reported the trading incident through this DTT VAN LTD review online.

Illegitimate Account Closure, Review & Subsequent Fund Withholding, a Trader Claims

A Turkey-based trader pointed out a serious glitch concerning an alleged fund withholding by DTT VAN LTD. According to the complaint, the trader was informed by the broker of account closure, with the latter asking him to withdraw funds. The trader reportedly accepted this decision by the broker. The broker then told the trader that his account would be under review for three months. However, after the period expired, the trader could not reach the broker officials either through live chat or email. Frustrated by this, the trader made his displeasure known to all with this DTT VAN LTD review.

Profit Confiscation and Permanent Account Block Allegations

A trader from the United Arab Emirates reported a serious dispute with DTT VAN LTD, claiming that the broker permanently blocked his account after months of trading and confiscated all accumulated profits. According to the complaint, the broker accused the trader of using an “abusive algorithm” but did not provide any technical proof or trade evidence. The trader further stated that the funds were held for about 90 days under investigation, after which the profits were reversed, and the remaining capital of around $700 was allegedly retained by the broker. The user also criticized the customer support for giving generic responses and warned others to exercise caution when trading on the platform.

Another trader from Italy highlighted a similar concern, where the broker reportedly used an algo trading claim to deny withdrawing funds worth $4.5K.

The Account Suspension Claim Involving Stuck Funds Worth $3,000

A United Arab Emirates-based user reportedly began trading with $2,000 on the platform. Later, the user earned $1,000 in profits on the DTT VAN LTD login. As the trader requested withdrawals, the broker informed him of completing 100 lots per profit earned to be eligible for accessing funds. The trader completed 45 lots before the broker allegedly suspended his account without any clear explanation. Despite repeated attempts to resolve the issue, the trader reportedly failed to receive his stuck funds. Have a look at this DTT VAN LTD review, where the trader highlighted the problem.

DTT VAN LTD by WikiFX: Is It Regulated?

As several traders have complained about DTT VAN LTDs alleged attempts to confiscate profits using algo trading and other claims, it was important for the WikiFX team to minutely investigate its regulatory status. The investigation led to the conclusion that the broker was regulated. However, the regulation is an offshore type, preventing traders from accessing fund protection measures designed for traders associated with brokers regulated by the Financial Conduct Authority, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). The score for the broker is thus reduced to 4,28 out of 10.

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