Dominion Markets Review - What Is the Minimum Deposit? Can I Trade Forex? - WikiFX
Abstract：Curious about Dominion Markets? It has diverse accounts, low spreads, quick execution, and helpful resources for trading.
| Dominion Markets Review Summary | |
| Founded | 2020-12-07 |
| Registered Country/Region | Mauritius |
| Regulation | Regulated by FSC in Mauritius |
| Market Instruments | Forex, Indices, Cryptos, Shares |
| Demo Account | / |
| Leverage | Up to 500:1 |
| Spread | Start from 0.0 pips |
| Trading Platform | cTrader, MT5 |
| Min Deposit | $50 |
| Customer Support | Tel: +(971) 4570 4324(Hours: 10 am - 6 pm GMT +4) |
| Email: info@dominionmarkets.com | |
| Social media:Twitter: https://twitter.com/DominionMktsLLCInstagram: https://www.instagram.com/dominionmarkets/YouTube: https://www.youtube.com/@DominionMarkets/featured | |
| Company address:Management Office: Office-4f-B-04 345-Sh. Zayed Road Dubai, UAERegistered Office: Misa Building, B.P. 724, Fomboni, Island of Mohéli, Comoros Union | |
Dominion Markets was registered in Mauritius in 2020. It uses cTrader and MT5 as its trading platforms, and it claims to offer trading services on Forex, Indices, Cryptos, and Shares. This company is regulated by FSC. The leverage is 500:1, and the minimum deposit is $50.
Pros and Cons
| Pros | Cons |
| Multiple account types | Wide spreads |
| Various trading products | |
| MT5 support | |
| Multiple Contacts | |
| Popular payment options | |
| Regulated by FSC |
Is Dominion Markets Legit?
Dominion Markets is regulated by the Financial Services Commission of Mauritius. It holds a Retail Forex License under offshore regulation, with the license number GB24203525.
What Can I Trade on Dominion Markets?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| ETFs | ❌ |
Account Type
| Account | Mini Deposit |
| Standard STP | $50 |
| ECN | $100 |
| Islamic | / |
Dominion Markets Fees
| Account | Spread | Commission |
| Standard STP | Spread from 2.0 pip | $0.00 |
| ECN | Spread from 0.0 pip | $3.5(one way) |
| Islamic | Spread from 1.0 pip | $3.5(one way) |
Leverage
While leverage can make your potential gains look bigger, it can also make your potential losses look bigger. Leverage magnifies the returns from favorable movements in a currency's exchange rate. Forex traders must learn how to manage leverage and employ risk management strategies to mitigate forex losses.
| Account | Leverage |
|---|---|
| Standard STP | 500:1 |
| ECN | / |
| Islamic | / |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | IOS, Android, MacOS, Windows, Web, Amazon | / |
| MT4 | ❌ | Beginners | |
| MT5 | ✔ | Experienced trader |
Deposit and Withdrawal
| Payment Methods | Supported |
| VISA | ✔ |
| MasterCard | ✔ |
| Apple Pay | ✔ |
| Google Pay | ✔ |
| Skrill | ✔ |
| NETELLER | ✔ |
| UPI | ✔ |
| Crypto | ✔ |
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