A number of investors have recently reported that DMT Tech Limited is suspected of being a pyramid scheme and warned to beware of the company's investment traps.

According to the broker information on the FxGecko app and the information provided by investors, there are at least 5 significant high-risk signs of DMT Tech as follows.

1. Low security rating.

DMT Tech has an overall rating of only 2.1 with a C rating, which is a high-risk trading platform.

2. Unregulated.

DMT Tech Limited claims to be registered in Seychelles, but there is no search for the company's license information at the Seychelles Financial Services Authority.

3. Short establishment time.

DMT Tech's website was created in November 2022, which is less than 1 year old and has not yet been fully tested by the market and customers, and its reliability is extremely low.

4. Associated with multiple high-risk platforms.

DMT Tech claims on its website to be in partnership with 5 trading platforms, which are Chancellor, VLADO, TradeHall, Business Million Asia (BMA) and Longasia.

Among them, Chancellor was complained by several customers that they could not withdraw their money;

Longasia was even exposed as an investment scam by its customers in 2019, and then disappeared for a while, and now Longasia has changed its website to continue the scam;

the remaining three are suspected pyramid schemes and high-risk platforms.

5. "Pyramid" scam model.

According to the information provided by the investors, DMT Tech has 7 IB levels and 13 profit tiers, which is a typical "pyramid" scam model. Under this model, when new participants cannot meet the capital requirements, the whole scam will collapse, resulting in heavy losses for a large number of participants.

In summary, we believe that DMT Tech Limited is an extremely risky and unsafe trading platform. We recommend that you consider it carefully.

Finally, investing and trading involves risks and you are advised to perform due diligence before investing and stay away from unregulated and high-risk trading platforms to avoid potential scams.

You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams.

Click here to recognize common investment trading scams to avoid being scammed.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.