Editor’s Verdict
DLSM, founded in 2023 and based in Vanuatu, offers CFD trading in currencies, commodities, equity indices, and US stocks. While the instrument selection could be broader, and include crypto, my review found the broker to be competitive, offering relatively narrow spreads, high leverage, and low minimum deposits.
Overview
DLSM offers trading on approximately 40 currency pairs, gold, silver, oil, global equity indices and approximately 50 US stocks. Clients can utilize MT4, MT5 or their proprietary DLSM GO (mobile) platform.
Headquarters | Vanuatu |
|---|---|
Regulators | VFSC |
Tier 1 Regulator(s)? | |
Owned by Public Company? | |
Year Established | 2023 |
Execution Type(s) | ECN/STP, Market Maker |
Minimum Deposit | $100 |
Negative Balance Protection | |
Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5 |
Average Trading Cost EUR/USD | Undisclosed |
Average Trading Cost GBP/USD | Undisclosed |
Average Trading Cost WTI Crude Oil | Undisclosed |
Average Trading Cost Gold | Undisclosed |
Average Trading Cost Bitcoin | Undisclosed |
Minimum Raw Spreads | 0.0 pips on Ace account |
Minimum Standard Spreads | 1.2 pips |
Minimum Commission for Forex | $0 commission on Standard account; $4 round turn on ECN account |
Funding Methods | UnionPay, ChipPay, 9Pay, Help2Pay, Crypto Wallet, Bank Transfer, Broker to Broker |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
DLSM’s five core takeaways:
- High leverage across available instruments: 40 Forex pairs, gold, silver, oil, global indices and approximately 50 US stocks.
- MT4 and MT5 are available, and their proprietary mobile app, DLSM GO
- Two account types: standard with variable spreads and no commission, or ECN with raw spreads and $4 round/turn commission
- Fast execution
- Low commission of $4 round turn on their ECN account
DLSM Regulation and Security
DLSM is regulated in Vanuatu since 2023 and holds client funds in segregated accounts.
Country of the Regulator | Vanuatu |
|---|---|
Name of the Regulator | VFSC |
Regulatory License Number | 700455 |
Regulatory Tier | Tier 2 |
Is DLSM Legit and Safe?
My review found no evidence of misconduct or malpractice by this broker during its decade-long history.
DLSM regulation and security components:
- Regulated by the Vanuatu Financial Services Commission under the name DLS Markets Limited. VSCF registration number 700455.
- Registered office: 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu
- Founded in 2023, but regulated with the VFSC from 2020 under different names
- DLSM uses the National Australian Bank to hold segregated funds.
- It is a member of The Financial Commission, an international organization for dispute resolution in the currency market. The commission has a compensation fund protecting traders in cases of disputes.
What Would I Like DLSM to Add?
- The company should add Bitcoin and Ethereum to its selection of instruments
- Add TradingView to its available platforms
Fees
The standard account has a minimum spread of 1.2 pips and zero commission. The ECN account has spreads from 0 pips plus a $4 round-trip commission.
Deposits: DLSM charges no fees for deposits
Withdrawals: DLSM charges no fees for withdrawals by RMB local transfer or Tether. DLSM passes on the bank transfer fees for withdrawals made by bank wire.
DLSM charges an inactivity fee if the account is inactive for more than 6 months and the account balance is less than $500. They do not disclose the fee level.
Average Trading Cost EUR/USD | Undisclosed |
|---|---|
Average Trading Cost GBP/USD | Undisclosed |
Average Trading Cost WTI Crude Oil | Undisclosed |
Average Trading Cost Gold | Undisclosed |
Average Trading Cost Bitcoin | Undisclosed |
Minimum Raw Spreads | 0.0 pips on Ace account |
Minimum Standard Spreads | 1.2 pips |
Minimum Commission for Forex | $0 commission on Standard account; $4 round turn on ECN account |
Deposit Fee | |
Withdrawal Fee | |
Inactivity Fee | Yes |
Range of Assets
- Approximately 40 Forex pairs
- Energy: Brent crude (XBRUSD) and West Texas Intermediate crude (XTIUSD)
- Metals: Gold and silver
- Indices: 10 indices, mostly global equity indices
- Stocks: approximately 50 large-cap US stocks
Currency Pairs | |
|---|---|
Cryptocurrencies | |
Commodities | |
Crude Oil | |
Gold | |
Metals | |
Stocks | |
Stocks (non-CFDs) | |
Bonds | |
ETFs | |
Options | |
Futures | |
Synthetics |
DLSM Leverage
- Forex majors: 1000:1
- Forex minors: 1000:1
- Exotic Forex pairs: 100:1
- Gold: 1000:1
- Silver: 200:1
- Crude oil: 500:1
- Indices: 500:1
- US stocks: 20:1
Account Types
DLSM offers two account types: Standard and ECN
Account type | Minimum deposit | Minimum Spread | Commission |
Standard | $100 | 1.2 pips | $0 |
ECN | $100 | 0 pips | $4 round turn |
DLSM Demo Account
DLSM allows MetaTrader 4 and MetaTrader 5 downloads. However, it seemed the demo function on MT5 is disabled, and I could not activate an MT4 demo on my test.
Trading Platforms
DLSM offers clients MT4, MT5 and a proprietary mobile app, DLSM GO. Mobile trading is also available on MT4 and MT5, so clients are not forced to use their proprietary app for mobile trading.
MT4 | |
|---|---|
MT5 | |
MT4/MT5 Add-Ons | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Social/Copy Trading | |
DOM? | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
One-Click Trading | |
OCO Orders | |
Interest on Margin |
Unique Features
Clients can access remarkably high leverage across multiple instruments, with a low minimum deposit, whether it’s on DLSM’s standard or ECN account.
Research and Education
DLSM regularly updates its blog, which now contains nearly 200 articles on all aspects of trading. The broker’s global asset analysis shows the level of media interest for each instrument, which can be a useful gauge of which assets are attracting attention.
Customer Support
DLSM offers live chat and email support, 24/7. I got immediate responses when testing their live chat.
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |    |
Bonuses and Promotions
DLSM issues reward points for each live trade, which then unlock prizes.
Opening an Account
DLSM has a standard online account opening process, requiring name, address, contact details, and proof of ID.
Minimum Deposit
- Standard account: $100
- ECN accunt: $100
Payment Methods
Withdrawal options |   |
|---|---|
Deposit options | |
DLSM accepts:
- RMB Local transfer
- Tether
- Global bank wire
Accepted Countries
DLSM states that the services on its website are not provided to residents of the United States. It does not exclude other countries.
Deposits and Withdrawals
Deposits:
- The minimum deposit is $100 for a Standard or ECN account.
- Clients can deposit by RMB local transfer, Tether or global bank wire.
- DLSM charges no deposit fees
Withdrawals:
- Clients can withdraw by RMB local transfer, Tether or global bank wire.
- There are no fees if withdrawing by RMB local transfer or Tether.
- DLSM passes on the bank transfer fees to the client if they are withdrawing by bank wire.
- The processing time for withdrawals is 1-2 days for withdrawals by RMB local transfer and Tether, and 1-4 business days for withdrawals by bank wire.
Is DLSM a Good Broker?
DLSM is a broker that offers a streamlined selection of markets: 40 currency pairs, gold, silver, oil, global equity indices and approximately 50 US stocks. This is not a particularly broad offering, but it will suit most traders' needs. Where DLSM stands out is its very high leverage (e.g., 1000:1 for most Forex pairs and 500:1 for indices), available equally through their Standard and ECN account types, and with the same low minimum deposit of $100.
DLSM offers the standard MT4 and MT5, along with their DLSM GO mobile app. However, traders can also utilize the MetaTrader app for mobile trading with DLSM.
Their claimed execution speed is a decently fast 200 milliseconds, again suiting most traders’ needs.
DLSM uses the National Australian Bank, a highly reputable institution, to hold segregated client funds. It even offers separate trust accounts for high-net-worth individuals or organizations, granting access to dedicated bank accounts with NAB for checking account balances at any time.
In addition, DLSM is a member of The Financial Commission, an organization engaged in the resolution of disputes within the financial services industry in the currency market. The Financial Commission has a compensation fund to further help protect traders in cases of disputes.
Lastly, I was pleased with the speedy responses from DLSM’s live chat when testing the company for this review. Money can be withdrawn via RMB local transfer, Tether, or global bank wire. The minimum deposit is $100 for either the standard or ECN accounts. Yes, DLSM appears to be safe. Its regulatory licenses are up-to-date, it segregates client funds with the National Australian Bank, and is a member of The Financial Commission, which provides an independent dispute resolution service and a compensation fund. Yes, DLSM offers enough markets, good leverage and MetaTrader 4 and 5, ideal for beginners.FAQs
How do I withdraw money from DLSM?
What is the minimum deposit for DLSM?
Is DLSM safe?
Is DLSM suitable for beginners?
