DOLLARS MARKETS is a brokerage firm that provides trading services in forex, precious metals, energy, stocks, indices, and ETFs for investors. The official website of DOLLARS MARKETS is https://dollarsmarkets.com/, and the website is available only in English. The account registration page on the DOLLARS MARKETS website supports both English and Indonesian languages.
Company Background:
Information on the DOLLARS MARKETS website indicates that the company is registered in Mauritius. The query results from the Corporate and Business Registration Department (CBRD) of Mauritius confirm the authenticity of this registration information. However, the website of the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) did not yield any registration information for the affiliated company Dollars Markets Ltd, suggesting that the registration claim in Saint Vincent and the Grenadines is false. Additionally, according to Whois query results, the domain for the official website was registered on April 22, 2020, indicating a registration period of over three years.
Account Registration:
DOLLARS MARKETS provides a registration link for real accounts on its official website. The registration process for a real account involves clicking on "Register" at the top right or "SIGN UP" on the left side of the DOLLARS MARKETS website. Users need to fill in required information such as name, date of birth, country, phone number, and email to complete the registration. The account registration page on the DOLLARS MARKETS website supports both English and Indonesian. However, the website does not provide a registration link for demo accounts.
Account Types:
According to the information on the DOLLARS MARKETS website, the company offers three types of trading accounts: STANDARD ACCOUNT, PRO, and ISLAMIC ACCOUNT. However, the website only displays STANDARD ACCOUNT and PRO, highlighting differences in terms of minimum deposit, commission, applicable audience, spreads, recommended deposit, and traded products.
Trading Products:
DOLLARS MARKETS indicates in the "Account Types" section that it provides trading products in forex, precious metals, energy, stocks, indices, and ETFs. However, the website does not specify the exact trading products covered in these categories, nor does it provide information on spreads, commissions, margin ratios, contract sizes, overnight interest, or trading hours for these products.
Margin Ratios:
DOLLARS MARKETS only displays the highest leverage ratio of up to 1:2000 on its homepage. Furthermore, the website does not provide information on the margin ratios for the three different types of trading accounts (STANDARD ACCOUNT, PRO, ISLAMIC ACCOUNT) or the margin ratios for specific trading products in forex, precious metals, energy, stocks, indices, and ETFs.
Trading Time:
The DOLLARS MARKETS website does not provide information on the trading hours for specific trading products in forex, precious metals, energy, stocks, indices, and ETFs.
Deposits and Withdrawals:
DOLLARS MARKETS supports various channels or methods for deposits and withdrawals, including bank transfers, B2B in PAY, Mastercard, etc. The website also provides information on the minimum deposit amounts, fees, and processing times for deposits and withdrawals through different channels or methods.
Trading Software:
According to the information on the DOLLARS MARKETS website, the company offers two trading software options for investors: Meta Trader 4 (MT4) and Meta Trader 5 (MT5). DOLLARS MARKETS' MT4 and MT5 trading software is available for desktop (Windows/MacOS) and mobile (iOS/Android). However, there are reported issues with downloading and installing the Android versions of the MT4 and MT5 software in certain countries or regions.
Other Services:
DOLLARS MARKETS provides additional services to investors, including news and analysis, as well as educational content. The news and analysis section offers financial market news and analysis, while the educational section provides information on basic terms, technical indicators, and trading methods.
Risk Warning:
The DOLLARS MARKETS website displays a risk warning indicating that, for certain reasons, the company does not provide services to countries or regions such as the United States, Afghanistan, Bosnia and Herzegovina, North Korea, Guyana, Iran, Iraq, Laos, Myanmar, Papua New Guinea, Syria, Uganda, Vanuatu, and Yemen.
Regulatory Information:
According to information on the DOLLARS MARKETS website, the company is regulated or authorized by the Financial Services Commission (FSC) of Mauritius. The query results from the Financial Services Commission (FSC) website confirm that the company holds an offshore regulatory license from the FSC of Mauritius. Such licenses are known for their lenient regulation of brokers, posing a risk of weaker investor protection.
Summary:
DOLLARS MARKETS is a brokerage firm operating legitimately. Firstly, the information on the DOLLARS MARKETS website indicates its registration in Mauritius, and the query results from the Corporate and Business Registration Department (CBRD) of Mauritius confirm the authenticity of this registration information. Secondly, the DOLLARS MARKETS website indicates its regulation or authorization by the Financial Services Commission (FSC) of Mauritius, and the query results from the FSC website confirm the authenticity of this information. Based on these findings, DOLLARS MARKETS appears to be a brokerage firm operating legitimately. TraderKnows reminds you to be mindful of your financial security and to avoid falling into fraudulent traps.
