DBG Markets review and ratings

Established 2007
Location Australia South Africa Seychelles Vanuatu
Offices Sydney, Johannesburg, Mahe, Port Vila, London, Hong Kong
Broker type STP | ECN
Leverage up to 1:500
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Skrill UnionPay WebMoney Tether

Company information

DBG Markets group includes several related companies.

DBG Markets AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
DBG Markets SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
DBG Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
DBG Markets VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).

DBG Markets also has registered entities in England and Hong Kong, although not licensed to conduct brokerage activities there.

Unfortunately, AU company has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, SEY and VU companies are free from such restrictions.


DBG Markets group accepts clients from all over the world, excluding USA, Belgium, Hongkong, Japan, Iran, Afghanistan and some other FATF blacklisted countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

30+ Currency Pairs Based on major and minor world currencies.
12 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
1 Energy CFD Based on Crude Oil (WTI).
100+ Stock CFDs Based on shares of US, UK and EU companies.

Comprehensive review

DBG Markets is a forex broker with several local branches that are regulated in different parts of the world. It’s worth noting, however, that this broker is not regulated in the EU, which means European traders are able to enjoy the more flexible trading conditions that are available in other jurisdictions.

DBG Markets offers a broad selection of trading instruments that perhaps is especially attractive to stock traders. In all, it has stocks from more than 100 companies listed in the US, UK and the EU available for trading, in addition to some 30 forex pairs, a handful of stock indices, and the popular commodities oil, gold and silver.

All of the assets offered by DBG Markets are traded on either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), the only two platforms the broker supports. As most experienced forex traders will know, these two platforms are similar to each other, although MT5 came out about five years after its predecessor and therefore has a slightly more modern feel to it.

As usual, the MetaTrader platforms can be used as mobile apps on Android and Apple phones, in a web version for use on any type of computer, or as downloadable software for both Windows and Mac computers.

Like many other forex brokers, DBG Markets allows those who are managing money for others to use MetaTrader with so-called PAMM (​​Percentage Allocation Money Management) and MAMM (Multi-Account Manager) accounts to streamline money management activities.

With DBG Markets, there are three different account types new clients can choose to sign up with: STD, ECN, and VIP. Strangely, the difference between these accounts has not been explained by the broker, although it is clear from the name that the STD account is a traditional STP-type account with wider spreads and no commissions, while the ECN account has lower spreads and commission-based trading.

All of the trading accounts have a max leverage of 1:500, which is in line with the industry standard for offshore forex brokers (the DBG Markets branch in Australia has a max leverage of 1:30 due to local regulations).

Accounts with DBG Markets can be funded with a variety of payment methods, including bank transfer, Visa and UnionPay cards, as well as the e-wallets Skrill and Webmoney. Additionally, the broker accepts crypto in the form of the stablecoin Tether (USDT).

All funding methods are processed free of charge from the broker’s side and are credited to trading accounts instantly (bank transfers may take 1-3 days).

To reach DBG Markets’ support team, clients can use either live chat, phone or email. The broker promises on its website that the team stands ready to answer questions 24 hours a day, 7 days per week.

In conclusion, we see DBG Markets as a potentially interesting broker to consider for those who mainly want to trade stock CFDs on one of the MetaTrader platforms. The broker’s selection of stocks is pretty good, even when compared to some of its larger competitors. When it comes to other asset classes, however, DBG Markets could certainly add more instruments to make its offering more attractive to traders.

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