DashStamp is an alleged UK-based brokerage with an entire website in German. Since we’d expected to see an English version, we were alerted from the very start.
Furthermore, the brokerage has no legal documents, and its obscure website information left us unimpressed. Read this detailed DashStamp review for more.
On top of that, we seriously recommend you not to invest in the fake brokers Solana Markets, Gis Capital, and IKICI. Do not trade with these unlicensed brokers if you want to save your money!
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | Dashstamp.pro |
| Blacklisted as a Scam by: | BaFin |
| Owned by: | Dashstamp Ltd |
| Headquarters Country: | UK (allegedly) |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | N/A |
| Cryptocurrencies: | Available – BTC, ETH, BCH |
| Types of Assets: | Forex, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | No |
| Accepts US clients: | No |
Is it Safe to Trade With DashStamp Broker?
Simply put, it’s not safe to trade with a DashStamp broker. We’ve checked its entire web page and found nothing about the regulation or the legal jurisdiction. Their alleged address in London implies that the FCA should license the brokerage. Additionally, some of the website sections suggest the license.
Upon checking the databases of the FCA, but also other Tier1 license providers, such as BaFin and CONSOB, we found a warning about fraud.
Why Is Trading On a Licensed Broker’s Platform Preferable?
Licensed brokers provide financial security. They follow strict rules imposed by the regulators and cannot easily bankrupt or vanish with your funds.
On the other hand, scammers don’t comply with any license regimes. They can shut down the website and disappear, making it hard for you to retrieve the money.
So Is DashStamp a Decent Broker or a Scam?
DashStamp is an online scam brokerage. It’s currently under investigation by the German regulator, BaFin, and Federal Criminal Police.
Warnings From Financial Regulators
DashStamp has been blacklisted by the German financial authority body, BaFin. According to the warning, the Federal Criminal Police has started investigating the brand and its alleged owner, DashStamp Ltd.
Clients are advised to avoid this scam brokerage. Further, they have been informed that they cannot get reimbursed by the regulator or get help from the financial authorities.
What Trading Software Does DashStamp Broker Offer?
The brokerage advertises only one trading platform – WebTrader. However, the software is inaccessible before making an initial deposit.
Since we know about DashStamp’s regulatory status and general reputation, we were unwilling to risk any funds. Therefore, we cannot confirm the existence of any platform and whether you can actually place any trades.
AnyDesk and TeamViewer – Access To Your Bank Account
If you scroll to the bottom of the main page, you’ll find links to download AnyDesk and TeamViewer. These are remote desktop access apps, enabling the person from the other side to access everything you have on your device.
If you approve their access, broker employees can get not only to the trading platform but also your online banking and crypto wallet. Once they do so, they can wipe you off your funds in a blink.
DashStamp – Countries Of Service
This financial swindler mainly offers its services to residents of:
- Germany
- Austria
- Sweden
Other areas in the EEA zone have been hit by the scam as well. Wherever you reside, ensure you recognize and decline DashStamp broker.
What is more, we strongly advise you not to invest in Allfina Group, Cryptos Circus and HubbleBIT fraudulent brokers.
Early Bonus: The Terms of Its Receipt
DashStamp offers its customers an incentive called an early bonus. We can assume that they imply a deposit bonus or a welcome bonus. However, there are no specified terms.
Note that bonuses are prohibited in most EU countries since scam firms abuse them. Typically, they add malicious clauses to their terms, saying that you cannot withdraw your funds before reaching an impossible rollover. In this case, we don’t even have any terms in writing.
What Is Known About DashStamp’s Trading Conditions?
DashStamp offers its clients investing in the following assets:
- Currency pairs – EUR/USD, GBP/AUD, CAD/JPY
- Commodities – gold, silver, natural gas
- Indices – Dow Jones, NASDAQ, DAX30
- Shares – BMW, BOA, Google
- Cryptocurrencies – BTC, BCH, USDT
The leverage is mentioned as an option but not specified. Without platform access, we cannot confirm how much the spread is or if there are other trading fees.
DashStamp Withdrawal Methods and Fees
Unsurprisingly, the website lacks information about withdrawal methods and fees. Additionally, the minimum deposit and payment options are not specified either.
According to DashStamp reviews, withdrawing your funds from this bogus brokerage is impossible. Once you submit a request, the broker employees will try to dissuade you. If their nice talk doesn’t work, they’ll block your access to the trading account.
This is a typical method of operation for offshore scammers. Don’t fall for it.
Scammed by DashStamp Broker? – Let Us Hear Your Story
Suppose you’ve been involved with a DashStamp broker. Most likely, the situation doesn’t look good. If you have any withdrawals issued, contact our chargeback specialists. They might be able to assist with the recovery process.
But What Is A Chargeback?
If you’ve used your credit or debit card to make a deposit, you can submit a dispute with your bank within up to 540 days. Your bank can claim the funds back from the merchant if you provide sufficient evidence of fraud.
For more details and help, book your free consultation with us. The more information we have, the better we can help.