Company Profile
Company Profile
Review summary
General Information & Regulation
DUMBLL is an online forex and CFD broker registered in the United Kingdom, offering more than 60 currency pairs, with spreads as low as 0.0 pips. DUMBLL Ltd is authorized and regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), with Regulatory License No. M21823009.
Market Instruments
DUMBLL offers its clients to a bulk of more than 850 trading instruments. Different classes of trading instruments including Forex exchange, commodities, Indices and Cryptocurrencies are all available on the brokerage platform.
Minimum Deposit
DUMBLL does not tell us its minimum initial deposit requirement. In most cases, most brokers require traders to fund at least $100 or the equivalent amount to start real trading.
Leverage
The maximum trading leverage is up to 1:500, which is a generous offering. this leverage is ideal for professional traders and scalpers, as it presents more overall trading flexibility, which directly impacts profitability.
Spreads & Commissions
DUMBLL offers a commission-free trading environment. The minimum spread offered by DUMBLL is as low as 0.0 pips, but we have no idea about the detailed spread condition on particular instruments.
Minimum Trade Size
The minimum trade size allowed by DUMBLL is 0.01 standard lot, which sounds quite friendly to beginners.
Trading Platform Available
DUMBLL provides traders with the industry-recognized MT5 trading platform, available on PC and Mobile devices, supporting EA (Expert Advisors) automated trading.
Deposit & Withdrawal
In terms of payment methods available, DUMBLL support traders to fund their accounts through Bank Transfer and Credit Card.
Customer Service
The DUMBLL customer support team can be reached through email: support@dumbll.com.
Iniciada
Spain
Since November 2021 I was operating with this broker. The first 2 withdrawals of 100 usdt were correct. On March 8, 2022 I tried another withdrawal of 7000 usd but it was rejected without reason. The next day I tried another amount (70,000 usdt) and it is still in process. April 4 with only 100 usd is still in process. I wrote to them and they told me that I had to pay some taxes that are not listed anywhere and it smells like a scam, especially with the end of the answer (have a happy life). I want to withdraw as much as possible or at least my deposit of 13700 usdt
Exposure
FX1592697362
United States
Dumbll is not suppose to trade in securities. The regulator ORC in Canada/ Ontairo says Dumbll is not operating legally. Dumbll Limited is therefore not authorized to collect tax to release my investment of $29271.00I am unable to withdraw the balance of my initial deposit. $29271-$7000 = $22,271.00 $22,271.00 Balance. Dumbll know its not authorized to collect taxes, as it is not operating legally in Ontario / Canada to accept funds.
Exposure
Nanny Winki
Thailand
It required 20% tax and then blocked my account.
Exposure
Aid Nok
Thailand
The customer service never replied me.
Exposure
Juckkrachai Srikanchai
Thailand
Unable to withdraw
Exposure