Overview of DGCTC
DGCTC LTD is an Australia-based company offering trading services in various financial markets. However, it is important to note that the broker is not regulated by any authorized regulatory agency and lacks a valid trading software, making it a potentially risky choice for traders.
Despite its lack of regulation, DGCTC LTD provides access to trading instruments like Gold and Silver, crude oil varieties, and Global Stock Index CFDs. These assets may appeal to investors looking for opportunities in precious metals, energy resources, and global stock markets.
The platform offers a single trading account per customer and provides a leverage of 1:400. Traders should exercise caution due to the higher market risk associated with such leverage. DGCTC LTD utilizes the HT5 trading platform for both PC and mobile versions, offering real-time market data and analysis tools for trading on-the-go. Despite its offerings, potential clients should carefully consider the risks associated with trading with an unregulated broker like DGCTC LTD.
Pros and Cons
DGCTC offers a range of trading opportunities in precious metals, energy resources, and global stock indices, with the benefit of low spreads on select instruments such as the Hang Seng Index and crude oil. Moreover, the leverage of 1:400 provided by DGCTC can be advantageous for traders seeking increased exposure. The platform utilizes the widely used and versatile HT5 trading platform, offering a mobile version for on-the-go trading. Additionally, customer support is available through various channels. However, traders should exercise caution as DGCTC lacks regulatory oversight, potentially exposing them to additional risks. Furthermore, the limited types of accounts and funding options may hinder some traders, and the absence of trading software could restrict access to essential tools and features. Additionally, withdrawals may take up to 24 hours, and the high leverage ratio requires careful position management due to significant market risk. Lastly, while “Market News” provides timely updates, DGCTC offers limited educational resources, which may impede traders' knowledge and skill development.
Is DGCTC Legit？
DGCTC LTD is not regulated by any authorized regulatory agency. The broker possesses a Common Financial Service License, but it has been verified that they currently have no valid regulation. The regulatory status of DGCTC LTD is deemed abnormal, and they exceed the business scope regulated by the United States National Futures Association (NFA) with license number 0557214. Additionally, the broker lacks a trading software. Caution is advised when dealing with this unregulated entity due to potential risks.
Market Instruments
GOLD:
DGCTC LTD offers Gold and Silver as part of its metal market instruments. Gold and silver are highly sought-after metal varieties worldwide due to their commodity attributes, currency attributes, and financial attributes. These precious metals are favored by investors for asset preservation and hedging against market fluctuations.
OIL:
In the energy market, DGCTC LTD provides two authoritative varieties of crude oil - London Intercontinental Exchange Brent and New York Mercantile Exchange (WTI) crude oil. Crude oil holds significant importance as a crucial energy resource globally, often referred to as the “mother of commodities.”
STOCK:
DGCTC LTD presents Global Stock Index CFDs, encompassing prominent indices like Hong Kong Hang Seng, Nasdaq, Dow Jones, S&P 500, Frankfurt DAX, London Financial Times 100, and Paris, France, CAC40, among others. These stock indices represent the performance of major global stock markets and serve as essential indicators for investors.
Account Types
DGCTC provides a single trading account per customer, keeping the account structure simple.
How to Open an Account？
To open an account with DGCTC, follow these steps:
Click on the “Signup” button on the website.
Fill in the required information, including your name, email address, and mailbox verification code.
Verify your email address using the verification code sent to your mailbox.
Provide your mobile phone number.
Set a password and confirm it.
Choose a picture of the obverse side of your ID card, ensuring the file size is less than 10MB.
Select a picture of the reverse side of your ID card, also with a file size less than 10MB.
Finally, click “Register now” to complete the account registration process.
Leverage
DGCTC offers a leverage of 1:400. However, it is important to be aware of the relatively high market risk associated with such leverage and exercise caution in position usage.
Spreads
Traders can benefit from as low as 30 points spreads on the Hang Seng Index, both in the standard account and the original spread account. Moreover, the CFDs for AUS200 and UK100 demonstrate a narrow spread difference of merely 30 points. For those interested in crude oil products, DGCTC offers spreads as low as 30 points.
Deposit & Withdrawal
As of different time periods in 2018, DGCTC LTD provides funding options for trading accounts. The platform theoretically supports all banks, and the capital injection limit is determined by the individual's bank, so traders need to check with their banks for specific limits and standards. If the limit set by the bank is too low, it can be adjusted by consulting with the bank. For withdrawals, traders can log in to the official website, select the “Export” menu, choose the withdrawal option, fill in the necessary amount and bank account information, and then submit the request. The funding process may vary depending on the method chosen: online payment usually takes a few minutes, while bank wire transfers typically take 3-5 business days, depending on the bank. In some cases, withdrawals may take up to 24 hours, depending on the bank's processing procedures. Funding the trading account is done by logging in to the official website after registration and following the instructions provided under the “Adding Gold” option in the top menu.
Trading Platforms
PC Version:
HT5 is a highly regarded CFD and FOREX trading platform widely used by traders around the world. It encompasses real-time market data, trading functionalities, and a variety of tools. The platform provides 18 line drawing tools, 9 trading time chart options, and 30 popular international technical indicators, complemented by sound alerts for prompt notifications. Users have the option to create intelligent trading programs and custom indicators. HT5 utilizes minimal computer resources, and supports automated transactions. Its versatility extends to multiple terminals, accommodating both PCs and APPs. This platform is well-liked by international investment institutions and investors, with more than 70% of brokerage firms and banks from over 30 countries adopting HT5 as their preferred online trading software. It has a significant presence in the global retail trading market, being utilized in over 90% of such transactions.
Mobile Version:
HT5 also offers a mobile trading platform in collaboration with MetaQuotes, designed for both iOS and Android devices. This mobile platform enables investors to manage their trading accounts from their smartphones or tablets. In addition to comprehensive order trading and account management functionalities, the HT5 mobile platform provides robust analysis options. Irrespective of their location, investors can utilize the HT5 mobile platform to access real-time market trends and execute trades at any moment, enabling continuous control over investment opportunities through WiFi or mobile networks.
Educational Tools
DGCTC offers an educational tool known as “Market News” that provides traders with timely and relevant information. The tool delivers daily market updates, covering various financial instruments, including forex and precious metals.
Customer Support
DGCTC provides customer support through various channels. For assistance, individuals can reach out to them via email at info@dgctcfx.com or through the online message option on their website. Additionally, they can contact the company directly through the provided telephone number: +[specific number] or via fax at +61 02 9231 0279.
Conclusion
In conclusion, DGCTC LTD offers certain features and limitations. On one hand, it presents a straightforward account structure, with relatively narrow spreads on specific instruments. The HT5 trading platform, widely used in the industry, is available on both PC and mobile devices for managing trading accounts. However, the broker lacks proper regulation, which may raise concerns about fund safety and trading practices. Also, the high leverage of 1:400 poses substantial market risks, requiring cautious position usage. Prospective clients should carefully evaluate these aspects before deciding to trade with DGCTC LTD.
FAQs
Q: Is DGCTC a legitimate company？
A: DGCTC LTD is not regulated by any authorized regulatory agency, and its current regulatory status is considered abnormal. Caution is advised due to potential risks associated with dealing with an unregulated entity.
Q: What market instruments does DGCTC offer？
A: DGCTC offers Gold and Silver in the metal market, London Intercontinental Exchange Brent and New York Mercantile Exchange (WTI) crude oil in the energy market, and Global Stock Index CFDs representing major global stock markets.
Q: What leverage does DGCTC offer？
A: DGCTC offers a leverage of 1:400, but caution is advised due to the high market risk associated with such leverage.
Q: What are the spreads offered by DGCTC？
A: DGCTC offers as low as 30 points spreads on the Hang Seng Index, AUS200, UK100, and crude oil products.
Q: What are the funding options for trading accounts with DGCTC？
A: DGCTC supports various funding methods, including bank deposits and online payments. Withdrawals can be made through the official website, with processing times varying based on the chosen method.
Q: What trading platforms does DGCTC offer？
A: DGCTC provides the HT5 platform for PC and mobile devices, offering real-time market data, trading tools, and analysis options.
Q: Does DGCTC offer educational tools？
A: Yes, DGCTC offers the “Market News” tool providing traders with timely updates and information on financial instruments.
Q: How can I contact DGCTC's customer support？
A: You can contact DGCTC's customer support via email, online message, telephone, or fax, using the provided contact details on their website.
2024-07-08 17:59
2024-06-14 11:31
