Douglas

WikiFX | 2024-11-26 17:20

Abstract：　　Douglas is a broker. The tradable instruments with a maximum leverage of 1:200 include forex straight pairs, forex cross pairs, gold, silver, index, and crude oil. The broker also provides three accounts, including standard accounts, professional accounts, and IB accounts. The minimum deposit is $1,000. Douglas is still risky due to its unregulated status.

Douglas Review Summary
Founded	2-5 years
Registered Country/Region	Hong Kong
Regulation	Unregulated
Market Instruments	Forex straight pairs/Forex cross pairs/Gold/Silver/Index/Crude oil
Demo Account	❌
Leverage	Up to 1:200
Spread	Tight spreads and deep liquidity
Trading Platform	MT5(Web/Desktop/Mobile/Windows)
Min Deposit	$1,000
Customer Support	Email: services@douglas-forex.com

Douglas Information

Douglas is a broker. The tradable instruments with a maximum leverage of 1:200 include forex straight pairs, forex cross pairs, gold, silver, index, and crude oil. The broker also provides three accounts, including standard accounts, professional accounts, and IB accounts. The minimum deposit is $1,000. Douglas is still risky due to its unregulated status.

Pros and Cons

Pros	Cons
MT5 available	Unregulated
Leverage up to 1:200	Demo account unavailable
Various tradable instruments	No 24/7 customer support
	Inaccessible office website
	Unspecific fees/payment information

Is Douglas Legit?

Douglas is not regulated, making it less safe than regulated brokers.

What Can I Trade on Douglas?

Traders can choose different investment directions because the broker provides traders with access to forex straight pairs, forex cross pairs, gold, silver, index, and crude oil.

Tradable Instruments	Supported
Forex straight pairs	✔
Forex cross pairs	✔
Gold	✔
Silver	✔
Index	✔
Crude oil	✔
Shares	❌
Cryptocurrencies	❌
Precious Metals	❌
Stocks	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

Douglas has three account types: standard account, professional account, and IB account.

Account Type	Supported
Standard Account	✔
Professional Account	✔
IB Account	✔

Leverage

The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.

Trading Platform

Douglas has an authoritative MT5 trading platform available inWeb, Desktop, Windows, and Mobile(iOS&Android)versions. Traders with rich experience are more suitable for using MT5.

Trading Platform	Supported	Available Devices
MT5	✔	Web/Desktop/Windows/Mobile(iOS&Android)

Deposit and Withdrawal

The minimum deposit is $1,000. Deposit and withdrawal can be made via bank transfer, and the cooperating banks include UBS, Goldman Sachs, DNP PARIBAS, CREDIT SUISSE, BARCLAYS, and J.P. Morgan.

Customer Support Options

Traders can communicate via email. However, more efficient contact methods such as phone calls and online chats are not provided. Besides, specific customer support schedules are unclear.

Contact Options	Details
Email	services@douglas-forex.com
Supported Language	English/Chinese
Website Language	English/Chinese
Physical Address	UNIT NO.A222,3F,HANG FUNG INDUSTRIAL BUILDING,PHASE2,NO.2G HOK YUEN STREET,HUNGHOM,HK