DynastyFx Global is an unlicensed platform and thus we strongly suggest you avoid it, regardless of how enticing deals it offers.
DynastyFx Global pretends to be a legitimate broker by claiming to have the licenses from various financial regulators, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA). However, there is no evidence that it has any registration with these authorities. In fact, the FCA has issued a warning against DynastyFx Global to alert the public of this unauthorised firm. The full FCA warning can be accessed here.
DynastyFx Global also asserts that it has a US registration. In the US, forex brokers must be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). But our search for DynastyFx Global on NFA website didn't yield any matching results. Hence, it does not have a license in this country.
In short, DynastyFx Global has no regulation from any entity. Investing with this broker is very risky, as there are no legal safeguards to protect the funds. DynastyFx Global is clearly a scam that investors should stay away from. To mitigate the risks of fraud and identity theft, it is advisable to choose a fully regulated broker instead.
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