Damkonet Review
99
Review
Fast Facts
Contact Info and Support
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About Damkonet
Damkonet Ltd, operating via the domain damkonet.com, is registered in the Marshall Islands under registration number 108746, which has been revoked according to BrokersView (). The broker holds no valid regulatory licenses, and the Marshall Islands has no forex regulatory authority (). The German regulator BaFin confirmed that Damkonet Ltd does not have authorization to conduct banking or financial services in Germany and is under investigation for unauthorized activities (). Reports indicate a minimum deposit of $250, leverage up to 1:100, spreads around 1.5 pips, and a web-based trading platform ().
There are widespread customer complaints about failed withdrawals and loss of funds, as documented on Trustpilot and Trustpilot-like sources (). Regulators and independent watchdogs categorize Damkonet as a likely scam or high‑risk entity ().
Pros and cons
Pros
- None (no regulatory oversight, revoked registration, documented withdrawal issues).
Cons
- Unregulated and unauthorized to provide financial services or banking in supported jurisdictions; registration revoked (Marshall Islands number 108746).
- Minimum deposit reportedly $250, high leverage of up to 1:100, and spreads around 1.5 pips on EUR/USD.
- Trading platform is only web-based with basic functionality.
- Numerous customer complaints about failed withdrawals and alleged fraudulent behavior.
- Investigated by BaFin for unauthorized activities.
