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The Dollar -

Score

1.24 /10
Danger

The Dollar

India

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://thedollar.in

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Regulatory Index0.00

Business Index4.90

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

The Dollar · Company summary
The DollarReview Summary
Found2001
Registered Country/RegionIndia
RegulationNo regulation
Market InstrumentsCurrencies, Metals, Commodities, Spots, Shares, Indices
Demo Account❌
LeverageUp to 1:1000
Trading PlatformMT4, MT5
Account TypeSTD, PRO, ECN
Min Deposit$100
Deposit & WithdrawalUPI QR, Netbanking, Bank Card, Online Bank Transfer, Offline Bank Transfer, Wire Transfer
Customer SupportPhone: +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.

The Dollar Information

Pros and Cons

Pros Cons
Wide range of trading assets (20,000+)No regulation
Variety of payment methods availableHigh 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.

Is The Dollar Legit?
Is The Dollar Legit?

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❌
What Can I Trade on The Dollar?

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 TypeMinimum DepositLeverageSuitable for
STD$100Up to 1:1000Beginner
PRO$1000Up to 1:1000Traders who looks for zero commissions, tight spreads and instant execution
ECN$5000Up to 1:1000Traders who are looking for raw spreads and instant execution
Account Types

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 PlatformSupported Available Devices
MT5✔Web, Mobile
MT4✔Web, Mobile
A mobile app✔Mobile
Trading Platform

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.

Deposit and Withdrawal

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‭28891
more than one year
The mobile and web terminals are running smoothly, with fast execution speeds and decent spreads. Deposits and withdrawals are acceptable but could be improved (UPI method isn't functioning). There's occasional inconvenience due to rare mismatches between tools and transaction views within shorter timeframes, but otherwise, it's one of the best brokers I've used so far.
The mobile and web terminals are running smoothly, with fast execution speeds and decent spreads. Deposits and withdrawals are acceptable but could be improved (UPI method isn't functioning). There's occasional inconvenience due to rare mismatches between tools and transaction views within shorter timeframes, but otherwise, it's one of the best brokers I've used so far.
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2024-03-22 18:02
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