2dots Review

Is 2dots Scam or Legit Broker?

No, 2dots is not safe to trade with. 2dots is owned and operated by Webnet Ltd which is incorporated in Luxembourg. However, the terms and conditions state that the company is registered in Vanuatu.

• Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial established capital which is $2,000 only, pay a fee, and within 2-3 months, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as Circle Markets, IC Finance, and more. We have a detailed article explaining the risk of trading with brokers from Vanuatu.

What is 2dots?

2dots offers online trading providing over 1,000 financial assets traded in CFDs and FX, through an innovative approach to trading and a unique alternative. Moreover, the broker states their cutting-edge security systems and the utmost protection of the clients at every stage.

• However, we would barely believe that description, as the fact is that the 2dots and its owning company are not registered and regulated by any serious entity. First of all, important to mention that Luxemburg being a part of the EU requires registration and a particular license to be a legitimate financial service provider. Since the company does not hold any, the only conclusion is that the broker does not care about their clients and has a purpose only to attract traders' funds.
• Actually, that suspicious guessing was confirmed by the numerous complaints from the traders that sadly faced typical scam behavior. The withdrawals were limited or due to some circumstances not provided, manipulation of the price feeds, as well as on trading accounts. You can read the feedback from 2dots trader reviews
• In addition, 2dots has been blacklisted by Spain's regulator CNMV:

"www.2dots.com / WEB NET LTD is not authorized to provide the investment services, which include investment advice, or to provide auxiliary services in relation to the financial instruments, including, for those purposes, foreign currency transactions."

2dots Review Conclusion

We advise all investors and traders to avoid 2dots and other brokers from Vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and XM.com.

2dots Update

We found that the 2dots website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.