Dominion Markets-Overview of Minimum Deposit, Spreads & Leverage

GENERAL INFORMATION AND REGULATION

Founded in 2020, Dominion Markets is an online ECN Forex broker that was established to provide trading environments on MetaTrader 5 for traders across the globe. The firm was organized by a team of traders and educators to provide a competitive and fair environment for its clients to trade in. The broker provides traders with various competitive trading conditions, such as leverage of up to 1:500, rapid trade execution speeds, tight spreads, low commissions, hedging, and more.

There is no regulatory information on the brokers website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Dominion Markets LLC does not accept applications from residents of the U.S., Canada, the United Kingdom, and the Islamic Republic of Iran.

It appears that the venture is operating from St Vincent and the Grenadines. We continue to emphasize the island does not have a regulatory body supervising forex trading activities on any other online investment activities.

Hence, your safety is prone to high threats. Dominion Markets is an unregulated venture. They also ask their clients to ensure that their local jurisdiction permits them to trade with the broker. It is the responsibility of an investment scheme to adhere to the rules of the financial watchdogs. It is about time Ponzi schemes stopped misleading traders.

MARKET INSTRUMENT

The broker offers over 200 forex pairs, major indices, and other financial instruments.

ACCOUNT AND LEVERAGE

Dominion Markets allows traders to choose the account type that meets their trading needs from a choice of two live trading account options: Standard STP and Pro accounts. The minimum deposit required to start trading is $100. PRO accounts offer spreads from 0.0 pips with a commission charge of $3.50 per 100K traded based on the USD notional value. Standard accounts offer spreads from 1 pip with no additional commission charges. Additionally, a demo account is available for practice purposes.

The broker provides access to leverage of up to 1:500. Note that such levels are overly risky for retail investors, which is why restrictions apply in many jurisdictions. If you are willing to take the risk, youd better take your business with a trusted broker

TRADE SIZE

There are no limits or restrictions on trade sizes, you can place trades as small as one micro lot (0.01). Their flexible lot sizing allows you to manage your trades sizes in accordance with your account balance.

SPREADS AND COMMISSIONS

PRO accounts offer spreads from 0.0 pips with a commission charge of $3.50 per 100K traded based on the USD notional value. Standard accounts offer spreads from 1 pip with no additional commission charges. Additionally, a demo account is available for practice purposes.

TRADING PLATFORM AVAILABLE

The broker‘s clients can buy and sell the various available financial assets using the popular MT5 trading platform. It is undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature-rich environment, and automated trading. Some of the essential features of the MT5 trading platform include:

• DOM access

• Economic calendar integrated

• Instant execution

• Six pending order types

• Multiple timeframes

• EA bot trading

• MQL5 programming

• Many indicators installed

• Trading signals and copying

The MT5 trading platform is available in desktop, web, and mobile versions.

DEPOSIT AND WITHDRAWAL

Dominion Markets allow traders to deposit and withdraw funds to and from their trading accounts using cryptocurrency and major credit/debit cards and AMEX.

Crypto Deposits

As crypto currencies have become main stream in the financial landscape, at Dominion Markets traders now have the option to deposit via crypto currencies. You can choose Bitcoin, Ethereum, Ripple, Dash, BitcoinCash, Litecoin and many more, as your deposit methods.

CUSTOMER SERVICE

The broker‘s client support team is available to respond to clients’ trading inquiries. The support team can be reached through email, online form, and social media, but no phone or Telephone number were available at their website.

Email: info@dominionmarkets.com

Address :

Suite 305, Griffith Corporate Centre

Beachmont, Kingstown

Saint Vincent and The Grenadines