Legitimacy of Dovmarkets

Scam Broker Check 🛡️
1

I was recommended dovemarkets.net to trade.
The moblie site is availble here:
https://m.dovaitt.com/

My preliminary search shows that this might be a scam trading platform.

2

Hello! I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.

It’s great that you’re doing your due diligence before investing. Here are a few red flags to watch out for when assessing the legitimacy of a broker like Dovmarkets:

  1. Guarantees of High Returns: Be cautious if the platform promises high returns with little to no risk. Legitimate brokers will always inform you about the risks involved in trading.

  2. Pressure to Invest: If you feel pressured by the broker to invest quickly, this is a major warning sign. Reputable brokers will give you time to make informed decisions.

  3. Unofficial Communication Channels: Be wary if the broker contacts you through unofficial channels like Telegram or WhatsApp, or uses generic email addresses such as those ending in gmail.com.

  4. Regulatory Oversight: Always verify the broker’s regulatory status independently. If they provide certificates or links to regulatory bodies, ensure these are not fake by checking directly with the official regulatory websites.

If you haven’t opened an account yet, it’s wise to proceed with caution. If you suspect any fraudulent activity, you can find legitimate brokers tailored to your needs using BrokerChooser’s FindMyBroker tool at https://brokerchooser.com/find-my-broker.

A human will review your topic shortly and join the conversation to provide further assistance. Stay safe!

3

Dear BewilderedAshtray0221

dovemarkets.net / m.dovaitt.com appears to be a scam trading platform

Based on multiple sources and red flags, it’s highly likely that this platform is fraudulent.

:triangular_flag: Why it’s likely a scam:

  1. Recently registered, low-traffic domain
    The website is only a few months old, registered anonymously. Scam brokers often use short-lived domains and disappear after collecting deposits.
  2. No regulatory oversight
    There is no mention of any financial regulatory authority (e.g. FCA, SEC, ASIC). Legitimate brokers clearly display their licenses.
  3. Withdrawal problems
    Multiple users report being unable to withdraw funds. They are often asked to pay extra “fees” or “taxes,” and then their accounts are frozen or deleted.
  4. Fake profits and pressure tactics
    Users have reported seeing fake profit statements, getting assigned “personal advisors” who push them to deposit more, and then disappear.
  5. Flagged by scam-check websites
    Trusted scam-checkers like ScamAdviser and ScamDoc give the site extremely low trust ratings and advise caution.

:locked: What you should do:

  1. Do not deposit any money.
  2. If you already deposited, try to initiate a chargeback (if you paid by card).
  3. Don’t pay extra fees – that’s a trap to extract even more money.
  4. Report it to your country’s financial authorities or cybercrime division.
  5. Warn others – many victims only realize it’s a scam too late.

Regards,
Chris