Risk Management Index
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The data are from WIKI Research 2021.08.01 updated
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Basic Information & Regulation
Dollar Markets is a St. Vincent and the Grenadines registered online Forex and CFD broker and is not currently subject to active regulation.
Safety Analysis of Dollar Markets
Dollar Markets is currently an unregulated broker, which means that the safety of investors' funds is not effectively protected. Investors should choose brokers that the FCA regulates in the UK and CySEC in Cyprus.
Investors can trade Forex currency pairs, commodities, indices, and cryptocurrencies on the Dollar Markets platform.
Accounts & Leverage of Dollar Markets
Dollar Markets has two different trading accounts, a standard account (minimum deposit of $15) and an ECN account (minimum deposit of $2,000), and the maximum leverage Dollar Markets claims to offer investors is 1:1,000, which is much higher than normal and means higher risk.
Spreads & Commissions of Dollar Markets
Dollar Markets' official website only shows the spreads for some cryptocurrencies, such as Bitcoin USD with a minimum spread of -17.53 pips, Ether USD with a minimum spread of -673.972 pips, and Litecoin USD with a minimum spread of -6.39 pips. Additionally, the spreads for other financial instruments are not provided.
Trading Platforms Available of Dollar Markets
Dollar Markets offers traders the popular and powerful MT4 trading platform, which is the preferred choice of most traders worldwide when trading Forex, with powerful charting tools, a large number of custom technical indicators, and support for automated and robotic trading for traders of all levels.
Deposit and Withdrawal
Dollar Markets supports traders to deposit and withdraw funds to their investment accounts via instant bank transfer, VISA credit card, NETELLER, Skrill.
Pros & Cons of Dollar Markets
The main advantages of dollar markets are:
1. Two types of accounts available
2. MT4 trading platform
The main disadvantages of dollar markets are:
1. No regulation
2. Excessive leverage settings (risky)
3. Incomplete information on the official website
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.