Company Summary
| The DollarReview Summary | |
| Found | 2001 |
| Registered Country/Region | India |
| Regulation | No regulation |
| Market Instruments | Currencies, Metals, Commodities, Spots, Shares, Indices |
| Demo Account | ❌ |
| Leverage | Up to 1:1000 |
| Trading Platform | MT4, MT5 |
| Account Type | STD, PRO, ECN |
| Min Deposit | $100 |
| Deposit & Withdrawal | UPI QR, Netbanking, Bank Card, Online Bank Transfer, Offline Bank Transfer, Wire Transfer |
| Customer Support | Phone: +918045936050 |
| Email: support@thedollar.online | |
The Dollar Information
The Dollar, founded in 2001, is an old brokerage registered in India. The trading instruments it provides cover Currencies, Metals, Commodities, Spots, Shares, Indices. It provides 3 accounts, 2 trading platforms for traders. But it is currently unregulated and lacks security.
Pros and Cons
| Pros | Cons |
| Wide range of trading assets (20,000+) | No regulation |
| Variety of payment methods available | High minimum deposit amounts for ECN account($5000) |
| MT5 available |
Is The Dollar Legit?
It is clear that The Dollar, which was registered in 2023 and is currently unregulated, is new and insecure.
What Can I Trade on The Dollar?
The Dollar offers over 20000 instruments. Traders can trade Currencies, Metals, Commodities, Spots, Shares, Indices.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Spots | ✔ |
| Shares | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Futures | ❌ |
| Options | ❌ |
Account Types
The Dollar offers 3 different types of accounts to traders - STD, PRO, ECN. Three types of accounts all support the leverage of 1:1000 and social trading. STD account's minimum deposit is the lowest - $100, which suits beginner.
| Account Type | Minimum Deposit | Leverage | Suitable for |
| STD | $100 | Up to 1:1000 | Beginner |
| PRO | $1000 | Up to 1:1000 | Traders who looks for zero commissions, tight spreads and instant execution |
| ECN | $5000 | Up to 1:1000 | Traders who are looking for raw spreads and instant execution |
Leverage
The broker provides high leverage - 1:1000. It is worth noting that high leverage means high returns but also high risks.
Trading Platform
The Dollar's trading platform is MT4, MT5 and a mobile app, which supports traders on PC and Mobile.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Web, Mobile |
| MT4 | ✔ | Web, Mobile |
| A mobile app | ✔ | Mobile |
Deposit and Withdrawal
The broker provides a variety of deposit and withdrawal methods: UPI QR, Netbanking, Bank Card, Online Bank Transfer, and Offline Bank Transfer. The minimum amount is $100.
