Dragon Capital

What is Dragon Capital？

Dragon Capital (Cyprus) Limited, established in 2006 and headquartered in Cyprus, is a financial firm regulated by the Cyprus Securities and Exchange Commission (CYSEC), offering investment services that include options, futures, SWAPS, and indices. However, the absence of a demo account may limit practice opportunities for traders. The company provides customer support through phone, email, fax, and social media, enhancing accessibility for clients. Dragon Capital's CYSEC regulation adds a layer of accountability and transparency to its operations, offering clients a platform to engage in diverse investment activities.

Pros & Cons

Pros:

Regulatory Authorization: Dragon Capital (Cyprus) Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CYSEC), providing clients with a level of regulatory oversight and security. This regulation enhances transparency and accountability in its operations.

Diverse Range of Investment Services: The company offers a wide array of investment services, including reception and transmission of orders, execution of orders on behalf of customers, investment advice, and underwriting of financial instruments. This variety allows clients to access different financial instruments and services to suit their investment needs and strategies.

Ancillary Services: Dragon Capital provides ancillary services such as safekeeping and administration of financial instruments, granting credit or loans to investors, and advisory services related to capital structure and mergers. These additional services can add value to clients' investment activities and financial planning.

Cons:

No Demo Account: The absence of a demo account for practice trading can be a drawback for traders who rely on simulated environments to refine their strategies and gain experience. A demo account is a valuable tool for risk-free learning.

Limited Information on Market Instruments: While Dragon Capital offers various investment services, the provided information does not specify the range of market instruments available. Clients may need to inquire further to determine the breadth of options offered.

Is Dragon Capital Safe or Scam？

When considering the safety of a financial company like Dragon Capital or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:

• Regulatory sight: Dragon Capital is regulated by the Cyprus Securities and Exchange Commission in Cyprus with 112/10 license number. This indicates a favorable regulatory status. However, it's important to remember that experience alone doesn't guarantee absolute security and credibility of any financial company.

• Security measures: Dragon Capital has established a privacy policy as a protective measure, thereby securing user data and inspiring trust among its global clientele.

In the end, the choice of whether or not to engage in trade with Dragon Capital is a personal one. It's crucial to carefully balance the potential risks and advantages before coming to a decision.

Accounts

To initiate a client relationship with Dragon Capital (Cyprus) Limited, interested individuals and entities are required to complete a comprehensive questionnaire specific to their circumstances. This questionnaire serves as an essential step in the onboarding process and is tailored to the client's specific category. Additionally, clients are expected to furnish additional documentation as specified in the respective document list.

By meticulously completing the questionnaire and providing the necessary documentation, prospective clients can establish a client relationship with Dragon Capital (Cyprus) Limited, facilitating access to a range of financial services and investment opportunities offered by the firm. This meticulous approach underscores the importance of due diligence and regulatory compliance in the financial industry.

Fees & Commissions

Dragon Capital's fee schedule is structured to cover a comprehensive array of financial services and transactions, ensuring transparency and clarity for clients regarding the costs associated with their investment activities.

Custody Account Maintenance Fee: Clients are subject to a USD 20 monthly fee for the maintenance of their custody accounts, providing them with essential infrastructure for managing and holding securities.

Securities Safekeeping Services: Dragon Capital applies an annual fee of 0.04% on securities held in all markets, ensuring the safekeeping and administration of these assets. For Ukrainian Government Local Bonds held in Clearstream, the fee is set at 0.4% per annum.

Transaction Settlement Fees: Depending on the type of securities and markets involved, clients will incur transaction settlement fees. These fees range from USD 10 for Eurobonds to USD 50 for Ukrainian local securities (applicable only for OTC trades).

Operational Fees: For operational services related to foreign payments, Dragon Capital charges fees for funds deposit and withdrawal. These fees vary, with USD 12 for foreign funds deposit and USD 135 for foreign funds withdrawal. SEPA funds withdrawal incurs fees ranging from USD 25.00 to USD 25.00 plus 0.1%, capped at USD 350.

Securities Deposit and Withdrawal: Clients will be charged USD 35 per security for securities deposit and withdrawal transactions.

Corporate Actions Fees: Fees apply to corporate actions, such as dividends income collection, dividends income credit, full proxy voting, and buybacks, with charges varying based on the specific service.

FX Operations Fees: FX operations fees are contingent on currency exchange transactions, with costs dependent on the reference rate and the banking institution involved.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +357 25 376 300

Email: Compliance.DCCL@dragon-capital.com

Address: Gladstonos street, 69 “Acropolis Centre”, office 402 P.C. 3040 Limassol, Cyprus

Conclusion

In summary, Dragon Capital offers a diverse range of market instruments and maintains a strong focus on regulatory compliance and transparency. The onboarding process involves tailored questionnaires and necessary documentation, emphasizing due diligence. While deposit and withdrawal processes are facilitated, clients should be aware of associated fees, which can vary based on method and currency. Dragon Capital's commitment to regulatory adherence and its comprehensive suite of financial services make it an attractive option for investors, but clients should consider their individual needs and preferences when evaluating the platform.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.