Dobibo has been flagged by Commissione Nazionale per le Società e la Borsa for "Unauthorised". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to Dobibo. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Full transparency|Professional team
Cons: Charting tools need more indicators|Could offer more webinars
I found Dobibo from a review site like this one and the initial impression was positive. But since last summer later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Regular updates|Reliable uptime|Helpful community forum|Tax reports included
Cons: Spreads widen during volatile periods|Research section could be deeper
I had a dispute with Dobibo and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Professional team|Multi-device support
Cons: Nothing significant|Withdrawal takes 1-2 business days
Dobibo advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Segregated accounts|Two-factor authentication|High security standards|Competitive fees
Cons: Wish they had more educational resources
I requested my data from Dobibo under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: API access|Multi-device support
Cons: Currency conversion fee exists
The platform itself is okay, but the customer service at Dobibo is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Responsive team|Reliable uptime|Dividend tracking
Cons: Currency conversion fee exists
Customer support at Dobibo seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Risk management tools|Comprehensive tools
Cons: Alert system is basic|None so far
I trusted Dobibo with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Segregated accounts|Portfolio tracking tools|Professional team|High security standards
Cons: Account statements could be more detailed
I am in a dispute with Dobibo over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Dividend tracking|Good mobile app|Smooth onboarding
Cons: None so far|Limited demo account features
I was about to invest with Dobibo but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Commissione Nazionale per le Società e la Borsa has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises