Score

1.09 /10
Danger

Doo Financial

Hong Kong

Within 1 year

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index3.74

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Doo Financial · Company summary
Doo FinancialBasic Information
Company NameDoo Financial
HeadquartersHongKong
RegulationsNo license
Customer Support+44 11 3733 5199, +852 2632 9557, +65 6011 1415, +86 400 8427 539support@doofinancial.com

Overview of Doo Financial

Doo Financial is a relatively new brokerage firm, situated in Hong Kong. Doo Financial is an online brokerage under Doo Group, which aims to provide professional investors with trading brokerage services for global securities, futures, CFDs and other financial products.

Overview of Doo Financial

Is Doo Financial Legit?

Doo Financial has no license, this means that Baltic International Bank operates without any official oversight to ensure fair practices, security, or investor protection. It's important to be aware of this lack of regulation before considering using their services. Unregulated institutions can expose users to higher risks, so it's crucial to conduct thorough research and carefully evaluate those risks before making any decisions.

Is Doo Financial Legit?

Pros and Cons

Doo Financial is an Internet brokerage brand of Doo Group, which provides one-stop global investment and financial trading services for high-net-worth clients through a global layout. However, the lack of regulatory oversight has raised concerns about transparency and investor protection. Additionally, Doo Financial may not offer as extensive a range of research tools and market analysis as some established brokers. While Doo Financial offers trading opportunities, traders should exercise caution due to lack of regulation and limited support resources.

ProsCons
  • The bank is led by a team of experienced professional
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Focus on high-net-worth clients
  • Lack of educational resources or transparency regarding company policies and procedures
  • Utilizes the popular MetaTrader 5 platform and InTrade platform
  • Doo Financial may not offer as extensive research tools and market analysis as some established brokers.

Trading Instruments

It offers three trading instruments includes: Securities, Futures and CFDs.

Securities: It is one of the most popular forms of investment. Doo Financial offers powerful stock trading tools and competitive stock trading commissions to help you access multiple markets and take advantage of global opportunities.

Trading Instruments

Future: As the most important derivative instrument for managing price risk, futures are a standardized contract in which buyers and sellers agree to buy and sell a specific instrument at a specified date and time, at a pre-confirmed price and other trading conditions.

Future

CFDs: A contract for Difference (CFD) is a type of contract trading that does not involve any physical commodity or stock exchange, but is simply settled in cash at the difference between the settlement price and the contract price

CFDs:

How to open an account with Doo Financial

  1. Begin by navigating to the official website of Doo Financial. Look for a prominent “Login” or “Register” button, usually located in the upper right corner. Click on this button to access the login page.
How to open an account with Doo Financial

2. On the login page, enter your registered username and your password. Double-check the information for accuracy before clicking the “Login” button.

How to open an account with Doo Financial

3. Once you're successfully logged in, you'll be directed to the trading platform. Locate the trading interface and select the asset you wish to trade.

Trading Platforms

Doo Financial utilizes MT5 and InTrade platforms to serve traders.

InTrade platform: A Mobile-centric, pioneering and transformative trading platform, with a large number of trading products, supporting tens of thousands of US stocks, Hong Kong stocks and futures products around the world, connecting global investment with one click.

Trading Platforms

MT5: MetaTrader 5 is a multi-asset platform that integrates multiple trading instruments such as forex, stocks and futures in the global financial markets through a single platform.

Trading Platforms

Customer Support

The company can be contacted at +44 11 3733 5199, +852 2632 9557, +65 6011 1415, +86 400 8427 539 by call or support@doofinancial.com by email for any inquiries or assistance.

Customer Support

Conclusion

Doo Financial, an online brokerage under Doo Group, offers trading services for global securities, futures, CFDs, and other financial products. While they provide a range of services and utilize popular platforms like MetaTrader 5 and InTrade, they operate without regulatory oversight. This lack of regulation raises concerns about transparency, security, and investor protection. While they cater to high-net-worth clients, potential users should exercise caution due to the absence of regulation and limited support resources. It's crucial to conduct thorough research and carefully weigh the risks before considering using their services. Prioritizing working with regulated institutions is generally recommended for a safer and more secure financial experience.

FAQs

Is Doo Financial regulated?

No, Doo Financial does not have a license and is not regulated by any established financial authority.

What trading platforms does Doo Financial offer?

Doo Financial utilizes the MetaTrader 5 (MT5) platform and the InTrade platform.

What assets can be traded through Doo Financial?

Doo Financial offers trading services for global securities, futures, CFDs, and other financial products.

How can I contact Doo Financial customer support?

Phone: +44 11 3733 5199, +852 2632 9557, +65 6011 1415, +86 400 8427 539

Email: support@doofinancial.com

Risk Warning

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.

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