Dollars Markets Review

Category: Reviews | Author: Trading Brokers | Date: April 11, 2024

Dollars Markets is an online broker that claims to offer competitive trading conditions, such as low spreads, high leverage, and a wide range of trading instruments, including forex, CFDs, stocks, indices, metals, and cryptocurrencies. It is registered in St. Vincent and the Grenadines and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. However, not all brokers are honest and transparent, and some may have hidden fees, poor customer service, or limited accessibility. Therefore, it is important to conduct a thorough and unbiased review of any broker before deciding to trade with them. In this article, we will evaluate Dollars Markets based on several criteria, aiding you in making a more informed decision on your trading journey.

Pros & Cons

  • The broker is regulated by the Mauritius Financial Services Commission (FSC)
  • The broker offers a variety of trading instruments
  • The broker provides low spreads, fast executions, high leverage, and no commission or swap fees
  • The broker has different features and services depending on the location of the client and the trading platform they use
  • The broker has mixed reviews from other traders and experts
  • The broker has a short track record as it was founded in 2020

Summary

Dollars Markets Review

Dollars Markets Review

Dollars Markets is an online forex and CFD broker that was founded in 2020 and is registered in St. Vincent and Grenadine. The broker offers a variety of trading assets, including more than 200 trading instruments, such as currency pairs, commodities, indices, cryptocurrencies, stocks, energy, and ETFs. Dollars Markets claim to provide low spreads, fast executions, high leverage, and no commission or swap fees. The broker has two types of trading accounts: Standard and Pro. The Standard account requires a minimum deposit of $15 and has a floating spread starting from 0.1 pips. The Pro account requires a minimum deposit of $50 and has a floating spread starting from 0.0 pips. Both accounts have leverage of up to 1:2000 and allow hedging, scalping, and expert advisors.


Dollars Markets use both MetaTrader 4 and MetaTrader 5 as their trading platforms. The platforms are available for desktop, web, and mobile devices. The platforms support multiple order types, advanced charting tools, technical indicators, automated trading systems, and market news. Dollars Markets also offer a referral program that allows traders to earn commissions by inviting other traders to join the broker. The broker provides 24/7 live support via phone, email, and live chat. The broker also has a FAQ section and a blog on its website that provides useful information and tips for traders.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Dollars Markets is an online forex and CFD broker that operates in different regions with different features and services. The broker is regulated by the Mauritius Financial Services Commission (FSC) with the company registration number 179703. The FSC is a reputable regulatory authority that oversees the non-banking financial sector in Mauritius. The FSC issues licenses and monitors compliance with relevant laws and regulations for financial service providers, such as forex brokers.

By being regulated by the FSC, Dollars Markets demonstrates its commitment to providing a safe and transparent trading environment for its clients. The broker adheres to high standards of financial reporting, risk management, and customer protection. The broker also segregates client funds from its own funds and participates in a compensation scheme that covers up to $20,000 per client in case of insolvency. If you are seeking alternatives, we’ve curated a list of other regulated brokers worth exploring.

Platforms & Tools

Dollars Markets is an online forex and CFD broker that uses both MetaTrader 4 and MetaTrader 5 as its trading platforms. These are popular and reliable platforms that offer multiple features and tools for forex and CFD traders. The platforms support multiple order types, advanced charting tools, technical indicators, automated trading systems, and market news.

MetaTrader 4 is a widely used platform that has been in the market for over 15 years. It is suitable for traders of all levels, from beginners to professionals. It has a user-friendly interface, a large community of users and developers, and a rich library of custom indicators and expert advisors.

MT4 Platform

MT4 Platform

MetaTrader 5 is a newer and more advanced platform that has more functionalities and features than MetaTrader 4. It supports more trading instruments, such as stocks, futures, and options. It also has more analytical tools, such as 21 timeframes, 38 technical indicators, and 44 graphical objects. It also allows traders to use hedging and netting modes.

MT5 Trading Platform

MT5 Trading Platform

Both MetaTrader 4 and MetaTrader 5 are available for desktop, web, and mobile devices. The desktop version can be downloaded from the official website of Dollars Markets. The web version can be accessed from any browser without installation. The mobile version can be downloaded from the App Store or Google Play Store.

Dollars Markets also provide other tools and resources for its clients, such as:


  • Forex calculator: Dollars Markets provide a Forex Calculator that allows traders to calculate the margin, pip value, swap, and profit for their trades. The Forex Calculator can be accessed from the website of Dollars Markets or from the MetaTrader 5 platform.
  • Forex calendar: Dollars Markets also provide a Forex Calendar that shows the upcoming economic events and indicators that may affect the Forex market. The Forex Calendar can be accessed from the website of Dollars Markets or from the MetaTrader 5 platform.
  • Currency converter: Dollars Markets offer a Currency Converter that allows traders to convert any amount of one currency to another currency at the current exchange rate. The Currency Converter can be accessed from the website of Dollars Markets or from the MetaTrader 5 platform.
  • Trading signal: Dollars Markets provides a Trading Signals service that allows traders to copy the trades of successful and experienced traders. The Trading Signals service can be accessed from the MetaTrader 5 platform or from the website of MQL5.com.

Education

Dollars Markets is an online forex and CFD broker that provides various educational resources and materials for its clients. The broker aims to help traders improve their knowledge and skills in the financial markets and achieve their trading goals. Here are the means through which Dollars Markets affirms its educational commitment to its clients:

  • Blog: The broker has a blog on its website that covers various topics, such as market analysis, trading strategies, risk management, and education. The blog is updated regularly with new articles and videos that provide useful information and tips for traders of all levels. The blog also features guest posts from experts and influencers in the industry.
  • Webinars and Seminars: The broker also offers free webinars and seminars that are conducted by professional traders and analysts. The webinars and seminars cover various aspects of trading, such as technical analysis, fundamental analysis, trading psychology, and trading tools. The webinars and seminars are interactive and allow participants to ask questions and share their opinions.
  • Ebooks and Guides: The broker also provides free ebooks and guides that are available for download on its website. The ebooks and guides cover the basics of forex and CFD trading, such as market structure, trading terminology, trading platforms, order types, and risk management. The ebooks and guides also explain the features and benefits of trading with Dollars Markets.
  • FAQ Section: The broker also has a FAQ section that answers common questions about the broker’s services and policies. The FAQ section covers topics such as account opening, deposit and withdrawal, trading conditions, platforms, and support. The FAQ section also provides links to other resources and contacts for further assistance.

Markets

Dollars Markets is an online forex and CFD broker that offers a variety of trading instruments for its clients. Depending on the location of the client and the trading platform they use, the broker may offer more than 200 trading instruments, including:

  • Forex: Dollars Markets offer more than 60 currency pairs for forex trading, including major, minor, and exotic pairs. The broker provides floating spreads starting from 0.1 pips for the Standard account and 0.0 pips for the Pro account. The broker also offers a leverage of up to 1:2000 for forex trading.
  • CFDs: Dollars Markets offer more than 140 CFDs for trading, including: Commodities, Indices, Cryptocurrencies, Stocks, Energy, and ETFs.

Accounts

Dollars Markets is an online forex and CFD broker that offers two types of trading accounts for its clients: Standard and Pro. The broker claims to provide low spreads, fast executions, high leverage, and no commission or swap fees.

  • Standard Account: The Standard account is suitable for beginners and intermediate traders who want to trade with a low minimum deposit and a flexible spread. The Standard account requires a minimum deposit of $15 and has a floating spread starting from 0.1 pips. The Standard account also offers a leverage of up to 1:2000 and allows hedging, scalping, and expert advisors.
  • Pro Account: The Pro account is suitable for advanced and professional traders who want to trade with a lower spread and a higher minimum deposit. The Pro account requires a minimum deposit of $50 and has a floating spread starting from 0.0 pips. The Pro account also offers a leverage of up to 1:2000 and allows hedging, scalping, and expert advisors.

Funding

Dollars Markets is an online forex and CFD broker that offers various methods of funding for its clients. The broker claims to provide low spreads, fast executions, high leverage, and no commission or swap fees.

  • Credit/Debit Cards: The broker accepts deposits and allows withdrawals using Visa and Mastercard cards. The minimum deposit amount is $15 and the maximum deposit amount is $10,000 per transaction. The deposit time is instant and the withdrawal time is 3-5 business days.
  • Wire Transfer: The broker accepts deposits and allows withdrawals using bank transfer. The minimum deposit amount is $100 and the maximum deposit amount is unlimited. The deposit time is up to 5 business days and the withdrawal time is 3-7 business days. However, this method may incur additional fees from the banks.
  • E-Wallets: The broker accepts deposits and allows withdrawals using various e-wallets, such as Skrill, Neteller, PayPal, WebMoney, Perfect Money, and more. The minimum deposit amount is $15 and the maximum deposit amount varies depending on the e-wallet provider. The deposit time is instant and the withdrawal time is 1-3 business days.

Conclusion

In conclusion, our review of Dollars Markets Brokerage highlights their diverse investment options and competitive pricing. When selecting a brokerage, it’s crucial to consider your unique financial goals and preferences. Dollars Markets can be a suitable choice for investors seeking such features, but the decision ultimately depends on your individual requirements. It is also essential to keep in mind that the financial market offers a variety of brokerage firms with longer track records. These alternatives can also be viable choices for your investment needs. To expand your options and make an informed decision, we strongly recommend exploring our comprehensive trading broker reviews. By doing so, you can assess a range of brokerage services, compare their offerings, and ultimately select the one that aligns best with your unique financial goals and preferences.


Dollars Markets Logo

$15

Dollar Markets is an online forex and CFD broker that offers various trading instruments, platforms, accounts, and funding methods for its clients. The broker is regulated by the FSC and provides educational resources and support for traders.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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