Our investigation into DGM found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Saint Vincent and the Grenadines
Avoid — do not deposit
Who is DGM?
On the surface, DGM looks like an ordinary forex and crypto broker. Its public site is presented at https://dgmforex.com/. It claims to be based in Saint Vincent and the Grenadines. But surface impressions are exactly what these operations rely on — the substance behind DGM is where the problems begin.
Is DGM regulated?
We could find no evidence that DGM holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Offshore or shell-company registration used to avoid oversight
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Opaque or anonymous corporate ownership
- No verifiable licence from a recognised financial regulator
- Account dashboards that show “gains” with no real market exposure
Our analysis
The website of DGM is currently unavailable. The claimed registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) has been cancelled as well. All the signs indicate substantial risks of DGM. Investors should be informed about the development and stay clear of it.
Can you recover money lost to DGM?
If you have deposited with DGM, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by DGM?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.