We find ourselves addressing yet another fraudulent broker hiding behind the name of a legitimate company. Our DUNBAR TRADE & INVEST review uncovers a pseudo-company that claims to revolutionize online investing, provide access to a unique trading terminal, and offer diverse trading instruments. However, these promises are worth nothing. Traders who open accounts here are likely to lose every penny of their deposits. Let’s delve deeper into this project.
Key Features
- Company Name: DUNBAR TRADE & INVEST LTD
- Website: https://dunbartrade.com/, https://dunbartradeltd.com/
- Available Contacts: [email protected]; +35220331172
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: £100
From Sign-Up to Payout
To put it bluntly, the official website of DUNBAR TRADE & INVEST failed to impress us. While it may appear visually appealing at first glance, its content and functionality leave much to be desired.
Here’s what we found:
- Homepage chaos. The homepage is an overwhelming clutter of information pulled from various sections of the site. It begs the question: why even have a navigation menu if the content on the homepage is so disorganized? There is no clear structure to guide visitors.
- Deceptive banners. The main banner lures potential clients with promises of holiday investments and bonuses. Yet, when users register, they quickly discover that there’s no functionality to claim or monitor these bonuses — or any bonuses at all — in the personal account.
- Troubles with registration. While registering is simple and only requires minimal personal details, problems start after login. Account verification is mandatory, but the broker has no visible KYC (Know Your Customer) or AML (Anti-Money Laundering) policies. The so-called “Privacy Policy” is just a three-line mention in the User Agreement, which is far from adequate.
- Deposit section issues: The deposit process is equally problematic. The “Deposit” section merely displays a history of past transactions, with no visible buttons or features to add funds. Users must contact customer support to obtain payment details — an unprofessional and highly suspicious practice.
In summary, the website feels like a poorly constructed façade, just like the broker itself. It’s hard to believe that a legitimate investment company would present such a sloppy online presence. Instead, this kind of setup is typical of scam operations.
Our Trading Experience DUNBAR TRADE & INVEST
DUNBAR TRADE & INVEST markets its trading terminal as unique, ultra-fast, and user-friendly. At first glance, it looks impressive, built on a familiar widget from TradingView with a multi-chart mode and a sleek interface.
However, upon closer inspection, several flaws have come to light:
- Limited timeframes. The terminal offers only five timeframes, omitting popular options like the 15-minute chart for scalping or the 4-hour chart for swing trading.
- Market overview design flaws. While the market overview is well-organized, it lacks a quick search feature. Traders must know the exact ticker symbol to locate assets, which wastes valuable time in fast-moving markets.
- No one-click trading. Opening trades quickly is impossible as the platform lacks a 1-Click Trading mode.
- No automated trading support. The terminal doesn’t support trading robots, and there’s no desktop version to make up for this limitation.
To make matters worse, the platform is neither unique nor exclusive to this broker. It is a generic tool licensed by third-party developers, and we’ve seen it used by several other scam brokers. Its popularity among fraudulent companies raises concerns about potential administrator access to trade flows, allowing manipulation of quotes to the trader’s disadvantage.
The trading conditions offered by DUNBAR TRADE & INVEST are notable mainly for their secrecy. The website provides no detailed information about spreads, fees, or available instruments. Instead, the focus is on the minimum deposits required for various account types, which range from £100 for a basic account to significantly higher amounts for premium options.
For example:
- Access to webinars requires a deposit 50 times larger than the basic account minimum.
- Adding features like copy trading or PAMM accounts would require an even greater investment.
However, these enticing options are most likely nonexistent. The personal account area lacks any functionality to use them. Such features are mentioned solely to attract new clients, with no intention of delivering on these promises.
The Reality Check
Like many scam brokers, DUNBAR TRADE & INVEST avoids openly sharing verifiable registration details. However, the company does everything possible to appear legitimate.
For instance:
- The contact page lists an office address and phone number in Luxembourg.
- A quick search of the Luxembourg business registry reveals an entry for a company with the same name.
However, traders should not be misled. This is a classic tactic used by scammers to confuse potential clients and lend an air of credibility to their operations.
The company is active, registered in November 2020, and is engaged in financial intermediation, excluding insurance and pension funds (NACE code 66.199). At first glance, this description seems to fit our broker perfectly.
However, a closer examination of the company’s details reveals that it has no connection to the subject of our review:
- According to code 66.199, the firm provides services as a single-family office managing the financial affairs of an individual or family.
- The company’s activities do not require licensing by Luxembourg’s financial regulator. A check of the regulator’s database confirms that DUNBAR TRADE & INVEST has not received any licenses.
- Based on financial reports, the company’s total assets amounted to approximately €1.1 million in 2022, dropping to €820,000 in 2023. These figures are clearly insufficient to support trading for 150,000 clients (a number claimed by the company in its statistics on the About page). Incidentally, the same section mentions equity of £1.2 billion, which, as we can see, does not align with reality.
Furthermore, some of the documents published by the company refer to the regulator of the Republic of Vanuatu. Moreover, even in the Terms & Conditions, it is stated that all disputes with clients are resolved in the courts of this country. However, a verification revealed that neither the business registry nor the local regulator VFSC contains any information about this company.
The conclusions are unequivocal:
- The broker operates without registration in any jurisdiction and lacks a license to provide services.
- The name of the fake company, borrowed from a legitimate firm in Luxembourg, has been intentionally used by scammers to lend an appearance of legitimacy to their operations.
- Previously, the creators of DUNBAR TRADE & INVEST operated another project that used documents from the Vanuatu regulator. They have no connection to the current scheme.
In conclusion, we are dealing with a scam broker whose owners use all possible means to deceive clients and seize their funds.
How Long Has DUNBAR TRADE & INVEST Been in the Game?
On the About page, the broker claims to have been established in 2015 and to have been providing services internationally since 2017. They even provide statistics (which we have already mentioned) claiming operations in more than 130 countries, serving 150,000 traders, employing over 10,000 staff members, and having equity of $1.2 billion. These numbers might be impressive, but all of them are fabricated. This is confirmed by the data of the legitimate company and domain registration details provided by the Whois service.
As mentioned earlier, the real company was registered in 2020. According to Whois, the broker’s domain dunbartrade.com was registered only on October 7, 2024. In reality, the company has been operating for just three months. Naturally, achieving such impressive statistics in such a short time is impossible. We already knew the published figures were false, and now we have clear evidence to support this.
Extra Fraud Indicators
Naturally, we decided to see what users are saying about the broker. Of course, in just a few months, it is unrealistic to expect a significant number of DUNBAR TRADE & INVEST reviews to appear. Nevertheless, we managed to find some publications about the platform.
Some authors have rightly identified the use of another entity’s name, the absence of a license, and the publication of false company history details. They label the project as fraudulent and warn against cooperating with scammers.
However, there are also opposing opinions. Reviews on certain websites claim that the platform is almost a paragon of honesty and reliability, doing everything for the success of its clients. Since these reviews lack any fact-checking, it becomes evident that they were commissioned by the fake company and are likely well-paid for. This demonstrates that the project’s owners are willing to use any means to enhance their reputation in the eyes of clients. For a scam broker, this approach is entirely typical.
Switching from one domain name to another is one of the surest signs of malicious activity. Yes, sometimes large companies move their online presence to a more successful domain due to redesign, rebranding or third-party affiliation. But what can we say about a project that has been in existence for 2 months!
Nevertheless, DUNBAR TRADE & INVEST is now opening on the site https://dunbartradeltd.com/, reserved in January 2025. We believe this is due to the desire to avoid liability due to complaints about the previous domain.
Is DUNBAR TRADE & INVEST the Right Fit?
We are confident that after reading our DUNBAR TRADE & INVEST review, traders will have no doubts about the company’s honesty. It is entirely characterized by its use of another company’s name, illegal operation without a license, and publication of false information. In fact, all the hallmarks of a scam project are evident, where the owners collect clients’ funds with no intention of returning them. To avoid falling victim to such scammers, one should refuse to work with this fake company and choose a real, regulated broker instead — there are plenty available online.
Like many others here, I fell victim to the scammers at Dunbartrade&Invest. These fraudsters initially convince you to fund your account, preferably with more than the minimum amount. Then your so-called assistant analyzes the market, answers your questions, and either generates initial profits or strategically drains your account the moment you try to withdraw anything. But the scariest part is that once you send them your money, not only will you fail to increase it, but you’ll never see it again!
By the way, the verification process is also suspicious. On what basis are they collecting personal data, even asking for a photo of my card? As for the charts on the website, just compare them with others – you’ll see that this scam broker’s charts are fake.
When I realized all this, I immediately wanted to withdraw my money. What followed was three days of persuasion: ‘Why withdraw when you’ve just started?’ ‘Let’s agree to grow what you’ve earned.’ If you persist, they’ll stop communicating with you altogether. In the end, I lost $7,000 here, and I guess I’ll have to forget about it. Be careful! This is a SCAM!!!
vollkommene Kriminelle….
die arbeiten..seit 7. 10. 2024….
also no
ch neu und frisch…..
noch neu und frisch
anscheinend sitzen in Litauen….
rein russische Firma….
benutzen…..zwei Banken….