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Unregulated

DA

Hong Kong China
Unregulated Hong Kong China Futures and stocks
0.0/ 10
Trust score

Unrated

Too little verified information to rate — that is not a warning about this firm, and not a green light either.

Licensed-broker average 5.3 / 10
DA has no verified tier-1 regulatory licence on record. See what this means →
User reviews
License status
None
Operating since
2011
Platforms
Proprietary
Min. deposit
Max. leverage
Account types
Website status
Unknown

DA Review — Overview

Updated 22 Aug 2026
Regulation
Unregulated
Licence status
Not Regulated
Platforms
Proprietary
Instruments
Futures and stocks
Operating
Est. 2011
Website
Unknown

DA is a cryptocurrency exchange based in Hong Kong China, established in 2011. On Trust Broker Hub it holds a Trust Score of 1.2 out of 10, which we rate as Unrated — below the 5.3/10 average for brokers that hold a verified licence. Too little verified information to rate — that is not a warning about this firm, and not a green light either.

We could not verify any regulatory licence for DA. Trading with an unregulated broker is high-risk — your funds are not protected by any authority, and there is no official body to turn to if withdrawals are blocked or the broker disappears. We strongly recommend a regulated alternative from the list on this page.

DA provides access to Futures and stocks. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, we hold too little verified information about DA to say whether it is safe. Verify its licence with the regulator directly before depositing anything.

Trust score breakdown

How is this calculated?
Regulation no licence on record 1.0 / 10 × 50%
Transparency no trading-terms feed for exchanges 2.0 / 10 × 20%
Footprint track record 4.0 / 10 × 15%
Reviews no verified trader feedback yet 3.0 / 10 × 10%
Complaint record no complaint history on file 5.0 / 10 × 5%
Weighted total 2.05
Data completeness 1 of 5 facts verified 20%  ×0.60
Trust Score 1.2 / 10

We could verify only 1 of 5 facts about DA, so its score is scaled down. A missing licence, undisclosed trading terms or no track record cannot earn marks — absence of bad news is not evidence of safety.

Trust Score history

DA currently scores 1.2/10. The trend line will build here as the Trust Score is re-evaluated over time.

Pros

  • No unresolved complaints on record
  • Listed in our verified broker directory

Cons

  • No verified regulatory licence on record
  • Trading conditions and fees not publicly disclosed
  • Always verify the licence directly before depositing

Regulation

0 licences

No regulatory licence on record for DA. Treat with caution and verify before depositing.

Trading conditions

Self-reported
InstrumentsFutures and stocks
Minimum depositNot disclosed
Maximum leverageNot disclosed
Typical spreadNot disclosed
PlatformsProprietary
Demo accountNot disclosed

We mark unverified fields as “Not disclosed” rather than estimate them.

Our verdict on DA

Editorial · updated 22 Aug 2026
Our analysis · editorial 1.2/10

Not enough verified information to rate

DA does not hold a verified regulatory licence on record. Based in Hong Kong China, it has been operating for about 15 years. We hold too little verified information about DA to publish a verdict on it. Its Trust Score of 1.2/10 reflects that absence of evidence, not any finding against the firm — and it is not a clean bill of health either.

Strengths
  • Long 15-year operating track record
  • Supports Proprietary trading
Watch-outs
  • No verified regulatory licence on record — funds may lack protection
Bottom line: We cannot vouch for this firm either way. Verify its licence with the regulator directly before depositing anything.

This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.

User reviews

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DA — Questions & Answers

0 questions

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Complaints & alerts

0 on record
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag DA here if that changes.

Full specifications

Regulated region
Hong Kong China
License status
Not Regulated
Licences held
Suspicious Regulatory License, Exchange License
Instruments
Futures and stocks
Year founded
2011

Frequently asked

Is DA a safe broker?
We hold too little verified information about DA to answer that. We have no regulatory licence, no published trading terms and no trader reviews on file for it, which is why it scores 1.2 / 10 — that reflects what we could not verify, not a finding against the firm. Having nothing on record is not evidence that it is safe. Verify its licence with the regulator directly before depositing anything.
How is the DA trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from DA?
DA doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.