Dollars Markets Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $15
- MT4
- MT5
- cTrader
- FSC of Mauritius
- 2022
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $15
- MT4
- MT5
- cTrader
- FSC of Mauritius
- 2022
Our Evaluation of Dollars Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Dollars Markets is a high-risk broker with the TU Overall Score of 2.73 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Dollars Markets clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Dollars Markets ranks 337 among 426 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Dollars Markets offers a large number of financial assets and favorable trading conditions for novice traders and professionals.
Brief Look at Dollars Markets
Dollars Markets has been providing brokerage services for more than three years. Its clients have access to currency pairs, CFDs on cryptocurrencies, indices, stocks, precious metals, energies, and ETFs (exchange-traded funds). The company is regulated by the Financial Services Commission of Mauritius (FSC), license number GB21026297. Also, Dollars Markets is registered in Saint Vincent and the Grenadines under number 25859 BC.
- 400+ financial instruments;
- Two live account types with different trading conditions;
- Demo account;
- Minimum deposit is only $15;
- Spreads from 0 pips on the Pro account.
- No PAMM or MAM accounts for passive investment;
- Few payment methods for depositing and withdrawing funds;
- No cent accounts for trading with minimal risk.
TU Expert Advice
Financial expert and analyst at Traders Union
Dollars Markets has been operating in the financial services market for more than three years and has already won prestigious international awards. In 2022, the company was awarded twice as Best Online Trading Support and Most Trusted Forex Broker. Dollars Markets has a good choice of trading assets, such as currency pairs and CFDs on indices, stocks, precious metals, energies, cryptocurrencies, and ETFs. There are two live account types. A demo account is available to improve your trading skills and test the trading conditions of the broker.
The company offers floating spreads from 0-0.1 pips and leverage up to 1:2000. There are no deposit or withdrawal fees. The broker does not prohibit the use of copy trading or automated trading. This option is suitable for those who are just starting to understand stock trading or simply prefer passive investment.
Dollars Markets offers a partnership program to earn money by attracting new clients. A welcome bonus is available to new users, and all clients get referral rewards and zero fees on all financial transactions. Dollars Markets’ technical support responds quickly via one of the four available channels.
Dollars Markets Summary
| 💻 Trading platform: | МТ4 (desktop, mobile, and web), МТ5 (desktop and mobile), and cTrader |
|---|---|
| 📊 Accounts: | Standard, Pro, and Demo |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Mastercard, bank transfers, and crypto wallets |
| 🚀 Minimum deposit: | $15 |
| ⚖️ Leverage: | Up to 1:2000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.1 pips for Standard and from 0 pips for Pro |
| 🔧 Instruments: |
Currency pairs (107), CFDs on stocks (158), Indices (14), Precious metals (14), Energies (3), Cryptocurrencies (104), ETFs (7) |
| 💹 Margin Call / Stop Out: | 50%/30% |
| 🏛 Liquidity provider: | Own providers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Expert advisors and most trading strategies are allowed |
| 🎁 Contests and bonuses: | Yes |
Dollars Markets offers over 400 financial instruments for trading with trading leverage up to 1:2000, subject to the asset. You can trade on MetaTrader 4, MetaTrader 5, and cTrader. A demo account is available for risk-free trading with virtual funds and testing trading conditions. For Muslims who, for religious reasons, cannot trade on standard terms, Islamic swap-free accounts are available.
Dollars Markets Key Parameters Evaluation
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Trading Account Opening
To trade with Dollars Markets, register on its website and open a trading account. The procedure for opening an account is as follows:
On the Dollars Markets website, click the “Register” or “Sign Up” button.
Complete the registration form with your title (Mr, Ms, or Mrs), first and last names, date of birth, country, phone number, and email. Enter the captcha, accept the terms of the client agreement, and click the “Submit” button.
Features of Dollars Markets’ user account:
Additional features of the user account:
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Deposits, withdrawals, detailed information, and transaction history;
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Download installation files for MT4, MT5, and cTrader;
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Copy trading dashboard;
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Setting up two-factor authentication with Google Authenticator;
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Economic calendar with a schedule of important events that may affect stock and currency markets.
Regulation and safety
Dollars Markets is registered in Mauritius and St. Vincent and the Grenadines. Each representative office operates in accordance with the laws of the country where it is registered. Dollars Markets Ltd is licensed by FSC of Mauritius under number GB21026297, and is registered in Saint Vincent and the Grenadines under number 25859 BC.
Advantages
- This broker is licensed by FSC of Mauritius
- The broker’s representative office in St. Vincent and the Grenadines is governed by laws of this state
- Traders can file complaints against the broker by email
Disadvantages
- To start trading, verification is mandatory
- The broker is not a member of any compensation funds, thus traders cannot receive any coverage when there’s a dispute or dissolution of the brokerage.
- The broker has the right to cancel a trade to ascertain details and motive, if it suspects a client of illegal actions
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $2 | No |
| Pro | $1 | No |
Fees for transferring positions overnight (swaps) are not charged by the broker. The comparative table below, compiled by TU experts, shows the average spreads of Dollars Markets, RoboForex, and Pocket Option.
| Broker | Average commission | Level |
|---|---|---|
|
$1.5 | |
|
$1 | |
|
$8.5 |
Account types
Dollars Markets offers two live account types, as well as demo and Islamic swap-free accounts. The maximum leverage is 1:2000, but, as a rule, its size depends on the equity (free funds on the account). Using any trading strategy and connecting to social trading services are allowed on all account types.
Account types:
Demo accounts can be opened on MetaTrader 4/5.
Dollars Markets is a broker with various trading conditions suitable for both novice and professional traders.
Deposit and Withdrawal
Only verified traders can submit withdrawal requests;
Dollars Markets does not charge withdrawal fees;
Money can be withdrawn in the same way used to fund the account;
Mastercard, bank transfers, and crypto wallets are available for withdrawals;
Withdrawal requests are processed within 1-5 minutes for an instant bank transfer, 5-10 minutes for Mastercard, and 10-45 minutes for crypto wallets.
Investment Options
Dollars Markets does not offer MAM or PAMM accounts. However, the company allows the use of third-party signal copying services. The broker’s clients can connect to the trades of successful traders and automate trading. To do this, find a platform, such as MQL5, select successful traders, and subscribe to them. All their operations will be copied into the trading platform on the subscriber's account. Clients can deposit and withdraw funds at any time, as well as intervene in trading processes, for example, close orders if there are doubts about their profitability.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from Dollars Markets:
Introducing Broker (IB) is a three-level partnership program. Junior IBs are partners who have less than 30 active referrals. Sub-IBs are partners who have more than 30 attracted clients. At this level, the reward is up to $6 per lot. The Introducing Broker status is awarded to partners with more than 100 referrals. Their reward is up to $8 per lot.
Introducing Brokers can access statistics on referrals and their trading volumes in their user accounts. The reward is accrued monthly and is available for withdrawal by any method provided on the website.
Customer support
Dollars Markets’ support is available 24/7.
Advantages
- Technical support is available 24/7
- Non-clients of the broker can contact support
Disadvantages
- No call back option
- Managers often do not respond quickly due to heavy workload
You can contact support operators in one of four ways:
telephone;
feedback form;
email;
live chat.
The broker has profiles on Facebook, X (formerly Twitter), and Instagram, where you can learn the latest news and ask questions in comments to posts or by writing direct messages.
Contacts
| Foundation date | 2022 |
|---|---|
| Registration address | Dollars Markets Ltd., Suite 215 22, St Georges Street, Port-Louis, 11324, Mauritius |
| Regulation | FSC of Mauritius |
| Official site | https://dollarsmarkets.com/ |
| Contacts |
+230 214 3371
|
Education
The Dollars Markets website has an educational and news section with useful information. The company's clients have access to analytics, instructions, internal news, and articles about financial markets.
Dollars Markets does not have cent accounts, so it is recommended for novice traders to start trading on a demo account, and switch to live accounts after mastering the basic skills.
Comparison of Dollars Markets with other Brokers
| Dollars Markets | RoboForex | Exness | TeleTrade | Deriv | Libertex | |
| Trading platform |
cTrader, MT4, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | Deriv Trader, MetaTrader5 | Libertex, MT5, MT4 |
| Min deposit | $15 | $10 | $10 | $10 | $5 | 100 |
| Leverage |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:30 for retail clients |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | 1.00% | No |
| Spread | From 0.1 points | From 0 points | From 1 point | From 0.8 points | From 0.4 points | From 0.1 points |
| Level of margin call / stop out |
50% / 30% | 60% / 40% | No / 60% | 70% / 20% | 100% / 50% | 50% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Dollars Markets
Dollars Markets is client-oriented; therefore, it cares about the best quotes, fast execution, and convenient functionality of the trading platform. The company's clients have access to leverage up to 1:2000, two live account types, and a demo account for learning how to trade and test trading strategies. Dollars Markets allows automated trading, advisors, and various trading strategies, such as hedging and scalping.
Dollars Markets by the numbers:
400+ financial instruments;
2 live account types;
Market execution in less than 10 milliseconds.
Dollars Markets is a broker for comfortable trading
Dollars Markets provides two standard account types, which are suitable for both novice and professional traders. The company offers hundreds of financial assets, such as currencies, CFDs on stocks, indices, precious metals, energies, cryptocurrencies, and ETFs. Passive investors can use social trading platforms to connect to signals of professionals and earn without experience or understanding of financial markets.
Dollars Markets allows trading from computers and mobile devices due to multifunctional MetaTrader 4, MetaTrader 5. The company also offers cTrader which provides for algorithmic and one-click trading.
Useful services offered by Dollars Markets:
Economic calendar. It publishes events that may affect financial markets;
Trading calculator. It helps to calculate the possible profit while taking into account the lot volume, leverage, and financial asset;
FAQs. This is a section with the most common questions and answers on registration, trading, and platforms;
Guides. These are educational videos on registration, verification, opening a trading account, and making a deposit.
Advantages:
There are no deposit or withdrawal fees;
Many bonus offers for new and existing clients;
A three-level partnership program for Introducing Brokers;
Large educational section with guides and other useful materials;
The broker publishes important political and economic news that may affect stock prices.
The company does not prohibit the use of advisors and trading automation, but it is better to obtain permission to use third-party software in advance.
User Satisfaction i