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Dealing City review – reviews of the project, conditions for earning and withdrawing money
Dealing City, a platform for making money on Forex, advertised itself, thanks to which many Russian users were registered on its website. There are ruble accounts that are not so often found on the websites of other brokerage companies. The company has a mobile terminal; you can also trade through a browser by downloading the platform to your PC.
The company was opened in 2002. The main office is located in Rostov-on-Don, but there is another branch located in the British Virgin Islands. There they were issued an offshore license. The broker did not take care of the documents in Russia. It operates under offshore registration. The company attracts traders because it allows trading in micro lots and does not require replenishment of a large amount.
The dealing center is owned by the company of the same name, Dealing City Inc. Instruments include stocks, metals, and currency pairs. The website says that the platform is recommended for novice traders. There is a demo account and educational materials that will help you master all the basics of trading. The minimum deposit amount is $100. This is affordable money for beginners.
The company does not hide contacts. But technical support is not in a hurry to solve problems that users may have. News is sent to the company’s clients so that they can create an effective trading strategy. But they are sent late, and this is detrimental to traders.
At first, trading was offered only on proprietary platforms, but over time MT4 was added. Customer support and other services (analytics, news, etc.) operate 5 days a week, 24 hours a day. But if you look at user reviews, they say that technical support ignores their requests. The site offers trading with advisors. Account replenishment is possible through all popular systems, from bank cards to terminals.
|Regulation and jurisdiction
BVI Financial Services Commission Act, 499905
|Features of the company
Dealing City is a broker with its main office in Russia. The dealing center offers a large selection of trading and analytical tools. Traders registered on the platform receive a subscription to news and gain access to various service keys.
|Official website of the company
344019, Russia, Rostov-on-Don, st. Murlycheva 41
- A large number of trading instruments
- There is a demo account
- Fast order execution
- Poor support service
- It takes a long time to transfer money to a trading account
- Accounts are blocked
- They refuse to withdraw money
DCTrader и DCTrader 2, МТ4
Russian ruble, dollar, euro
WebMoney, QIWI, Visa and MasterCard, Yandex-Money, Payments through SberBank, RBK-Money, Terminals
|Minimum deposit amount
100$, 100 ₽, 100€
From 1:10 to 1:200
From 0 to 4 points
Energy, Shares, commodities, metals, currency pairs
|Margin Call/Stop out
0 – 1,2 (metals)
Dealing City Inc
Yes (Mobile Forex)
Broker Dealing City provides traders with access to regular trading terminals. Investors can open accounts in dollars, euros and rubles.
Reviews from clients
Like many other companies, different reviews are written about Dealing City online – there are neutral, negative, positive. Most negative comments can be found.
Sergey writes that he registered on the broker’s website to make money. He submitted a request to withdraw money, and his account was deleted from the platform. He started calling support, but no one answered. Then some person started calling him with an offer to help in this situation. After this, Sergei realized that he had fallen for scammers.
Another user says that he repeatedly notices delays in withdrawing money. This situation occurs before the weekend. He doesn’t understand why the company doesn’t withdraw the money right away, but leaves it until the beginning of next week. He also says that the company’s trading conditions are average and the spread is high. Errors may not be corrected for years.
Terms of cooperation
The company was founded by a group of professional traders and financial analysts. The purpose of creating the Dealing City dealing center was to provide a high-quality trading platform for individual investors who prefer margin trading. Specialists have developed their own terminal, taking into account the needs of traders. Innovative solutions were used in the development of the software, which made it possible to make the terminal as comfortable as possible for both professional and novice investors.
The platform is available in Russian, which is convenient for Russian-speaking users. To make trading more convenient, the company has also added an MT4 trading terminal. Trading is available from PCs, laptops, tablets and smartphones, for which a special application has been developed.
Initially, the minimum deposit was $50, but then this amount was increased to $100. As a rule, novice traders cannot begin to get acquainted with Forex by investing large sums, so the trading conditions set by the broker are quite suitable for them. There is an opportunity to trade microlots. Leverage is set from 1:10 to 1:200. These are completely acceptable values.
The company indicates that it does not charge commissions for transactions, but they are on withdrawals. Registration on the site is simple. It consists of several steps, namely, reading a Forex textbook, downloading an application or platform, registering a demo account, creating and funding a real account.
The site provides more than 30 currency pairs. But CFDs and spot metals are still available to users. The number of tools is constantly growing. You can contact technical support via email, by calling the phone number listed on the website, or by live chat.
Брокер Dealing City работает в России без лицензии от ЦБ. Это большой минус для компании. Однако у площадки есть юридические документы, выданные BVI Financial Services Commission Act. Но нужно относиться с осторожностью к конторе с оффшорными документами. Компания указывает главный офис, который находится в Ростове-на-Дону. Дилинговый центр дает возможность торговать множеством разных активов, в том числе и акциями зарубежных компаний.
Пользователи могут выбрать один из трех терминалов для торговли – DCTrader, DCTrader2, МТ4. Первые два являются авторскими разработками компании. МТ4 был добавлен на площадку в 2009 году, что успело оценить большое количество пользователей. Для тех, кто желает торговать со смартфона, компанией предоставляется мобильная площадка. Следует добавить, что у платформы интуитивно понятный интерфейс, и она рекомендуется для начинающих трейдеров. Для них есть целый раздел с обучающими материалами. Вот только эти материалы – общая информация о трейдинге, которую можно найти в свободном доступе в интернете.
Conclusions about cooperation
There’s a lot of talk about Dealing City online. The company operates under an offshore license. This is a minus for the company. And another significant disadvantage is a bad reputation among traders. Clients accuse the company of fraudulent activities, refusal to withdraw money, and ignoring requests from technical support. All words about the comfort of trading are just empty promises of the broker.
This trading platform cannot be called a worthy choice for traders. At the moment, the broker has closed, which was another unpleasant surprise for investors, because no one is going to return their money.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about First-am are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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