Dollars Markets is an online brokerage firm that provides reliable financial services across the globe. Dollars Markets provide traders direct access to a wide range oftrading assets including CFDs, Indices, Stocks, Metals, Commodities, and Cryptocurrenices to the financial markets.
Dollars Markets has carved a niche in the forex trading scene, but before taking the plunge, it’s crucial to understand its strengths and weaknesses. This comprehensive review will examine Dollars Markets across key aspects, helping you decide if it aligns with your trading goals.
Dollars Markets Review – Table of Content
Security and Regulation of Dollars Markets
Dollars Markets cleint’s fund are held in segregated trusted account from the company’s fund.
Dollars Markets is regulated by the Mauritius Financial Services Commission.
DOLLARS MARKETS are owned and operated within the Dollars Markets Group of companies. Dollars Markets Group consists of Dollars Markets Ltd incorporated in Mauritius under business registration number 179703 whose office is located at St Georges Building , Suite 215 22, St Georges Street, Port-Louis, 11324, Mauritius and regulated by Financial Services Commission of Mauritius (FSC) GB21026297 and Dollars Markets Ltd is registered in Saint Vincent and he Grenadines at the office address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent & the Grenadines with the registration 25859 BC 2020.
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Trading Platforms
They offer the popular MetaTrader 4 and 5 platforms, catering to both desktop and mobile traders.
- High Leverage: Be cautious of the offered leverage, reaching up to 1:2000. While tempting, it amplifies both profits and losses significantly, increasing risk.
Dollars Markets provides the well known and popular MetaTrader 4 and Metatrader 5 trading platforms for windows, ios, and android.
MT4/MT5 Features:
- Compatibility
- Diverse Tool Set
Resources
- Announcements
- Guides
- News & Analysis
- Education
- FAQ
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Dollars Markets Accounts
Two main account types exist: Standard and Pro. The Pro account boasts higher leverage but requires a larger minimum deposit.
- Standard
- Pro
- Islamic
Trading Instruments
Compared to competitors, Dollars Markets offers a narrower range of tradable assets, primarily focusing on forex pairs and a few CFDs.
Costs
Dollars Markets offer tight spreads from 0.0 pips, maximum leverage of 1:2000, and minimum deposit of $15. Deposits can be made via bank transfers, master card, and cryptocurrency.
- Variable Spreads: Spreads can be higher than the industry average, especially on less popular currency pairs. This directly impacts your trading profitability.
- Commissions: While they claim “commission-free” trading, hidden fees like inactivity charges and withdrawal fees can accumulate.
Promotions
- MT5 Welcome Bonus
- MT4 Welcome Bonus
- 50% Deposit Bonus
- Zero Deposit & Withdraw Fees
- Zero Swap
- Refer a Friend
Dollars Markets Customer Support
Dollars Markets provide mulitlingual client support 24/7 via live chat, email, and telephone.
- 24/7 Support: They offer 24/7 customer support via various channels, including live chat, email, and phone.
- Mixed Reviews: User reviews paint a mixed picture, with some praising the responsiveness and others reporting slowness or unhelpful interactions.
Pros
- Popular Trading Platforms: Offers MetaTrader 4 and 5 for desktop and mobile trading.
- Two Account Options: Standard and Pro cater to different experience levels.
- 24/7 Customer Support: Available via live chat, email, and phone.
- Basic Educational Resources: Can provide some helpful information for beginners.
Cons
- Questionable Regulation: Mauritius Financial Services Commission is not that strict compared to other regulators.
- Limited Asset Selection: Fewer markets compared to competitors.
- High Spreads and Fees: Can erode profitability, especially for small accounts.
- High Leverage: Increases risk significantly, tempting but potentially dangerous.
- Mixed Customer Reviews: Some positive, some negative, raising questions about service quality.
- Limited Educational Resources: Compared to other brokers, resources seem basic.
- Low Trustpilot Rating: Current 1.8 stars raise concerns about user experiences.
Also read: InvestaGo Review – Regulated broker
Conclusion – Dollars Markets Review
Dollars Markets is an online financial services provider that provides a wide range of reliable trading instruments in the global market.Traders can trade using the industry standard MetaTrader 4 and Metatrader 5 platforms that is best suitable for them. Dollars Markets offer several account types with spread from 0.0 pips, leverage up to 1:2000, and miimum deposit of $15. Customer support is readily available 24/7 to render any assistance required. Dollars Markets is regulated by the Mauritius Financial Services Commission.
Dollars Markets presents a mixed bag. While offering popular platforms and basic account options, the lack of robust regulation, limited asset selection, and potentially high fees raise concerns. Before entrusting your funds, thoroughly research and compare with other regulated brokers with wider market access and transparent fee structures. Remember, responsible trading involves prioritizing safety and understanding the risks involved.
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