DNA Markets ReviewCategory: Reviews | Author: Trading Brokers | Date: December 20, 2023
DNA Markets is a relatively new online trading platform that offers access to a variety of markets including forex, cryptocurrency, commodities, stocks, and more. In this review, we’ll give you the lowdown on DNA Markets—the good, the bad, and the ugly. We’ll cover things like regulation, trading platforms, educational resources, account types, funding options, and more. Our goal is to provide an unbiased assessment to help you evaluate if DNA Markets is a good fit for your trading needs. There’s a lot of junk out there when it comes to trading platforms, so we hope this review saves you some research time. We poured over all the details so you don’t have to! Let’s dive in and see if this DNA Markets thing has solid genes or if it’s a mutant to avoid!
Pros & Cons
- Regulated by ASIC, providing some level of trust and security
- Supports MetaTrader 4 and MetaTrader 5 platforms
- Wide range of markets for trading
- Offers both Raw and Standard accounts
- Variety of secure payment options
- Intangible fears and ambiguities
- The regulatory status is unknown for non-Australian clients, which could pose a risk
- As a relatively new broker, DNA Markets still has a lot to prove in terms of reliability and customer satisfaction
DNA Markets is a global online trading platform that offers a variety of asset classes for trading. Whether you’re into forex, commodities, shares, indices, or cryptocurrencies, DNA Markets has got you covered. They offer two types of accounts: the Raw and Standard accounts. The Raw account, with spreads from 0.0 pips and a commission of $3 per side, is designed for traders who want the tightest spreads and don’t mind paying a commission for it. The Standard account, on the other hand, offers spreads from 1.0 pips with no commission, making it a good choice for traders who prefer a simpler cost structure.
DNA Markets also provides a suite of trading platforms and tools, including MetaTrader 4 and MetaTrader 5. These platforms support trading on both mobile and desktop and provide access to over 80 pre-installed indicators and instruments in 21 time frames. When it comes to funding your account, DNA Markets offers a range of secure payment options including wire transfer, UnionPay, Skrill, local deposits, Bitpay, and even cryptocurrencies.
In terms of customer support, DNA Markets is available 24/5 to assist with any queries or issues you may have.
In a nutshell, DNA Markets offers a comprehensive trading experience with a variety of markets to trade, two types of accounts to suit different trading styles, a range of funding options, and a suite of trading platforms and tools. They also provide a selection of educational resources to help traders improve their skills
When it comes to regulation, DNA Markets has got its bases covered. For our friends down under in Australia, DNA Markets Group is a trading name of Focus Markets Pty Ltd, which is regulated by the Australian Securities and Investments Commission (AFSL 514425). DNA Markets Pty Ltd is a Corporate Authorised Representative of Focus Markets Pty Ltd, under AFS Representative Number 001299562. They’ve got all the necessary legal documents like a Product Disclosure Statement (PDS), Financial Services Guide (FSG), and Target Market Determination (TMD) available for download on their website. So, if you’re the type who likes to read the fine print, you’re in luck.
For those trading from outside Australia, DNA Markets is a trading name of Focus Markets LLC, a company incorporated in Saint Vincent and the Grenadines. So, no matter where you’re trading from, DNA Markets has made sure they’re playing by the rules. Remember, it’s always a good idea to trade with a regulated broker. It gives you that extra layer of protection and peace of mind knowing that there’s a regulatory body keeping an eye on things. If you’re interested in exploring other regulated platforms, please see a list of regulated brokers for some alternative options.
Platforms & Tools
let’s talk about the platforms and tools DNA Markets has in its arsenal. First up, we’ve got the trading platforms: MetaTrader 4 and MetaTrader 5. These are like the bread and butter of online trading. They’re popular, reliable, and packed with features. MetaTrader 5, or MT5 for short, is the newer and more advanced of the two. It’s got some pretty cool features like AI trading, 1-click trading from charts, and a progressive charting kit.
Plus, it’s got a robust system that’s designed to make you feel secure and give you visibility over all your assets. You can use it on any device, which is great for those of us who like to trade on the go. Then there’s MetaTrader 4, or MT4. It’s a bit older than MT5, but it’s still a solid platform that’s loved by many traders. It’s easy to use and offers fast, secure, and personalized trading experiences. Plus, it supports trading on both mobile and desktop and provides access to over 80 pre-installed indicators and instruments in 21 time-frames.
Now, let’s move on to the tools;
- Economic Calendar: An Economic Calendar is a handy tool that helps traders keep track of important financial events and announcements. It usually includes information about interest rate decisions, GDP releases, employment data, and other economic indicators that can impact the markets.
- Technical Indicators: Technical Indicators are mathematical calculations based on historical price, volume, or open interest data. They help traders identify trends, support and resistance levels, and potential entry and exit points. By using these indicators, traders can gain insights into market conditions and make more informed trading decisions.
- Copy Trading: Copy Trading is a pretty neat tool, especially if you’re new to the trading game or if you just don’t have the time to analyze the markets yourself. Here’s how it works: you pick a trader you like, and then you copy their trades automatically. It’s like having a trading mentor whose moves you can mimic. This way, you can potentially benefit from their experience and expertise without having to do all the heavy lifting yourself.
- Signal Start: Signal Start is another handy tool that DNA Markets offers. It’s a service that provides you with trading signals. Think of these signals as little nudges or alerts that tell you when it might be a good time to enter or exit a trade. These signals are usually based on technical analysis and can be a valuable tool to help you make informed trading decisions.
Alright, let’s talk about the educational resources that DNA Markets offers:
- Webinars and Tutorials: Webinars and tutorials are a great way to learn about trading. They can cover a wide range of topics, from the basics of trading to more advanced strategies. They’re usually led by experienced traders or market analysts, so you can learn from the pros.
- Market Analysis: Market analysis can be a valuable resource for traders. It can provide insights into market trends, economic events, and other factors that can impact the markets. This can help traders make more informed decisions.
- Trading Guides: Trading guides can provide detailed information about different aspects of trading, such as how to use trading platforms, how to analyze the markets, and how to develop trading strategies. They’re usually written in a way that’s easy to understand, even for beginners.
- Demo Accounts: Demo accounts allow traders to practice trading with virtual money. This can be a great way to get a feel for the trading platform and to practice trading strategies without risking real money.
When it comes to markets, DNA Markets has got you covered across a wide range. We’re talking:
- Forex: For all you currency traders out there, you’ll have access to majors, minors, and exotics. So whether you wanna trade EUR/USD or USD/SEK, you can dive into the world’s largest market.
- Commodities: This includes all your metals, energies, and agricultural commodities. From gold and silver to oil and natural gas. Even coffee, corn, wheat, and more.
- Shares: Equities traders can access thousands of global stocks across major exchanges like the NYSE and NASDAQ.
- Indices: All the major global stock indices are available, like the S&P 500, FTSE 100, Nikkei 225, ASX 200, and more.
- Cryptocurrencies: For the crypto heads out there, you’ve got access to all the big names like Bitcoin, Ethereum, Litecoin, Ripple, and tons more altcoins.
So whether you’re looking to diversify your portfolio or focus on a particular market, DNA Markets has got you covered with access to currencies, commodities, shares, indices, and crypto assets. Take your pick!
DNA Markets offers two types of accounts to suit your trading style:
- Raw Account: The Raw account is for those who like their trading raw and unfiltered. With spreads starting from 0.0 pips and a commission of $3 per side, it’s designed for traders who want the tightest spreads and don’t mind paying a commission for it. The minimum deposit is $100, and the minimum trade size is 0.01. And for those who like to automate their trading, Expert Advisors (EAs) are available.
- Standard Account: The Standard account, on the other hand, is for those who prefer a more traditional trading experience. With spreads starting from 1.0 pips and no commission, it’s a good choice for traders who prefer a simpler cost structure. Like the Raw account, the minimum deposit is $100, the minimum trade size is 0.01, and EAs are available.
So, whether you’re a high-volume trader looking for the lowest possible spreads or a casual trader who prefers a simpler cost structure, DNA Markets has an account to suit your needs.
When it comes to getting money in and out of your trading account, DNA Markets aims to make things as smooth and secure as possible. They offer a decent range of funding options, including:
- Bank Wire Transfer: The good ol’ bank wire is available for deposits and withdrawals. Just bear in mind that international wires can take 1-5 days to process.
- Credit/Debit Cards: Many major card providers are supported, like Visa and Mastercard. Just whip out your plastic to instantly fund your account.
- E-Wallets: Options like Neteller, Skrill, and UnionPay allow you to quickly fund your account online.
- Cryptocurrency: For you crypto heads, DNA Markets supports a bunch of major coins like Bitcoin, Ethereum, and Litecoin. A handy way to fund your account if you’re holding crypto assets.
- Local Deposits: You can make deposits using local bank transfers in certain countries. Handy if you want to avoid international wire fees.
In wrapping up, DNA Markets offers a comprehensive trading experience with a variety of markets to trade, two types of accounts to suit different trading styles, and a range of funding options. They also provide a suite of trading platforms and tools, including MetaTrader 4 and 5, and a selection of educational resources to help traders improve their skills. However, it’s worth noting that while DNA Markets offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews.