Dynamiq Markets has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not use Dynamiq Markets for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Good mobile app|Dedicated account manager
Cons: Charting tools need more indicators|Could offer more webinars
My withdrawal from Dynamiq Markets was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over three years of being strung along.
Pros: Helpful community forum|Easy to use platform|Good analytical tools
Cons: Spreads widen during volatile periods
I gave Dynamiq Markets a fair chance. After since the beginning of the year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Fast deposits|Clear documentation|Good mobile app|Risk management tools
Cons: Limited ETF selection|Could offer more webinars
Dynamiq Markets 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: Portfolio tracking tools|Responsive team|Wide product range|API access
Cons: Minor UI glitches occasionally|Would like more payment methods
Dynamiq Markets locked my account without warning and demanded documents I had already submitted. for the past six months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast deposits|High security standards
Cons: Alert system is basic|Onboarding videos are outdated
My card was charged twice by Dynamiq Markets on the same day. I had to dispute it with my bank. Dynamiq Markets then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Fast execution|Market news feed|Multiple order types|Dedicated account manager
Cons: No phone support on weekends
After seeing ads for Dynamiq Markets online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I have been trying to close my account with Dynamiq Markets for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Two-factor authentication|Social trading features|Wide product range
Cons: Spreads widen during volatile periods
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Dynamiq Markets is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics