Impersonation of Personal Financial Services Ltd (dbmmarkets.com) has been flagged by ASIC (Australia) for "Imposter". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: dbmmarkets.com.
I gave Impersonation of Personal Financial Services Ltd (dbmmarkets.com) a fair chance. After since last summer 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: Regular platform improvements|Tax reports included|Wide product range|Dedicated account manager
Cons: None so far|No dark mode on mobile
I referred a friend to Impersonation of Personal Financial Services Ltd (dbmmarkets.com) after comparing multiple platforms. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Social trading features|Low minimum deposit|Regular platform improvements|Risk management tools
Cons: Cannot customize dashboard fully
Where do I even begin with Impersonation of Personal Financial Services Ltd (dbmmarkets.com)? for the past year and a half of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Portfolio tracking tools|Fast deposits|Two-factor authentication
Cons: Limited ETF selection|No phone support on weekends
I am in a dispute with Impersonation of Personal Financial Services Ltd (dbmmarkets.com) 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: Competitive fees|Social trading features
Cons: None so far
I closed a profitable position at Impersonation of Personal Financial Services Ltd (dbmmarkets.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Dedicated account manager|Multi-device support|Transparent fees|Great customer service
Cons: No phone support on weekends|Would like more payment methods
The mobile app from Impersonation of Personal Financial Services Ltd (dbmmarkets.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Professional team|Responsive team|Clear documentation|Segregated accounts
Cons: No dark mode on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Impersonation of Personal Financial Services Ltd (dbmmarkets.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Fast support response|Smooth onboarding
Cons: Inactivity fee applies after 12 months
Impersonation of Personal Financial Services Ltd (dbmmarkets.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Demo account available|Wide product range
Cons: Cannot customize dashboard fully|No crypto staking
I have been trying to close my account with Impersonation of Personal Financial Services Ltd (dbmmarkets.com) 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: Real-time alerts|Dividend tracking|Easy withdrawals
Cons: Onboarding videos are outdated|Wait times can be long during peak hours
Do not believe the bonus offer from Impersonation of Personal Financial Services Ltd (dbmmarkets.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Customizable dashboard|Comprehensive tools|Demo account available
Cons: Charting tools need more indicators