Dokeela has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Resolve Money. We’ve received over 3 complaints against Dokeela.
Dokeela claims to be a multi-regulated broker, yet it lacks transparency and verified licenses from credible agencies. Operating anonymously raises serious doubts regarding its credibility. Brokers regulated by recognized institutions such as the CFTC, ASIC, FCA, or CySEC provide a secure investment experience.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Dokeela Regulated? Do They Have a License?
When it comes to online financial services, Dokeela positions itself as a multi-regulated broker, hoping to earn your trust and money. However, a closer look reveals that Dokeela is an internet scam masquerading as a real financial services firm. Let’s look at why Dokeela shouldn’t be trusted with your money and look at more reputable options for trading in the financial markets.
The regulatory status of a financial services company is critical to maintaining the security of your investments. Licensed brokers often provide open and accessible information about their activities, regulatory monitoring, and the regions in which they are permitted to operate. This information must be verified using financial regulators’ data.
However, Dokeela lacks both openness and credibility. It works anonymously, without any traceable company information or governmental permissions. Despite claiming to be headquartered in Austria and possessing licenses from Cyprus and Dubai, further examination finds no such registrations. The website mentions UK and Australian licenses inconsistently, although the Terms and Conditions state that Vanuatu is the governing jurisdiction. A search of all specified authorities reveals that there is no licensed broker by the name Dokeela. Additionally, the Bank of Russia has blacklisted Dokeela, emphasizing its fraudulent nature.
Those looking to invest in financial instruments should choose brokers regulated by reputable institutions such as the US Commodity Futures Trading Commission (CFTC), the Australian Securities and Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), or the Cyprus Securities and Exchange Commission (CySEC).
These regulations ensure that brokers offer protections such as negative balance protection, separate client assets, and participation in compensation plans. In the EU and UK, these schemes cover up to 20,000 EUR and 85,000 GBP, respectively, adding an extra degree of security for investors.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Dokeela might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Dokeela, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Dokeela
After enrolling with Dokeela, users receive access to a basic web trading platform with limited advanced functionality and customization possibilities. This platform is identical to those used by various fraudulent brokers, employing rigged software to trick users into believing their funds are being invested and profiting.
In contrast, legitimate brokers provide strong trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are industry standards. These platforms offer a variety of features, including as customizing choices, automatic trading, and mobile apps for trading on the go.
Dokeela wants a $1,000 deposit, which is much greater than the minimum deposits demanded by respectable brokers. Leading brokers, such as FP Markets, XM, and HFM, require deposits as low as $5 USD or even $0.
Furthermore, Dokeela only accepts bitcoin payments, which is a frequent practice among unscrupulous brokers. Cryptocurrencies provide anonymity, making it difficult for victims to retrieve their assets. Legitimate brokers, on the other hand, allow a wide range of payment methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill, ensuring greater transparency and security.
Dokeela promises to trade a diverse range of securities, including currencies, equities, indexes, cryptocurrencies, and commodities. However, the trading environment offered by Dokeela is deceitful and untrustworthy.
The broker provides leverage of 1:100, which is prohibited by law in the majority of the areas where it claims to be licensed. High leverage increases the chance of substantial losses, hence leading authorities limit retail traders’ leverage to safeguard them. In the EU, UK, and Australia, the maximum allowable leverage is 1:30.
Dokeela’s withdrawal rules are ambiguous and unspecified, complicating the procedure for investors. Dokeela’s imprecise terms suggest the possibility of hidden costs and unreasonable conditions, in contrast to reputable brokers that do not impose trading volume limitations or withdrawal fees.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Dokeela Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Dokeela Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Dokeela might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Dokeela reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Dokeela, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Dokeela enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Dokeela reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Dokeela.
You should always look out for consumer complaints. In the case of Dokeela, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Dokeela? You can share your complaint in the comment section or submit an anonymous tip.
Is Dokeela Legit Or a Scam?
Dokeela is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Dokeela can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Dokeela?
Dokeela is not a trustworthy broker, with multiple red flags indicating fraudulent activity. For a safe and secure trading experience, consider brokers registered by respectable financial authorities, which ensure transparency, investor protection, and dependable trading platforms. Avoid Dokeela and instead look for reputable options to protect your investments.
All the evidence suggests that Dokeela might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
