I'm wondering whether DBFX is regulated or not?

https://www.dbfx.trade/    

DBFX claims to be a brand name of DBFX LIMITED, a Vanuatu-based firm regulated by the Vanuatu Financial Services Commission (VFSC) under license number 40133. We indeed find a match result to DBFX LIMITED in VFSC.

But please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. 

Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of DBFX LIMITED. We would recommend exercising caution when dealing with VFSC- regulated brokers.