DRG T (aka Dragon Trade)
On 5 February, 2025, the New Zealand Financial Markets Authority (NZ FMA) issued a warning against DRG T (aka Dragon Trade), suspecting that it is involved in a scam. https://www.fma.govt.nz/library/warnings-and-alerts/drg-t/
According to its website, it claims to have been launched in 2011. After checking, its domain name was only established in 2024. Obviously, this is a very untrustworthy behavior. What's more,the area code +44 of its displayed telephone number is the UK area code. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).
In addition, we found that the New Zealand Financial Markets Authority (NZ FMA) issued a warning against DRG T (aka Dragon Trade), suspecting that it is involved in a scam.
In essence, DRG T (aka Dragon Trade) is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
DRG T (aka Dragon Trade) appears to be a scam.
According to its website, it claims to have been launched in 2011. After checking, its domain name was only established in 2024. Obviously, this is a very untrustworthy behavior. What's more,the area code +44 of its displayed telephone number is the UK area code. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA). In addition, we found that the New Zealand Financial Markets Authority (NZ FMA) issued a warning against DRG T (aka Dragon Trade), suspecting that it is involved in a scam. In essence, DRG T (aka Dragon Trade) is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. DRG T (aka Dragon Trade) appears to be a scam.BrokersView found that the domain "https://www.drg-t.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.drg-t.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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