Dolphin Markets

Dolphin Markets Information

Dolphin Markets is an unregulated brokerage company registered in Mauritius. This firm provides a swath of investment options with its popular MT5 trading platform. There are two live trading accounts and a demo account available with Dolphin Markets. However, this firm does not provide managed portfolio services. And there is limited information about trading fees on some investments.

Pros and Cons

Is Dolphin Markets Legit?

Dolphin Markets operates without regulation from any recognized financial authority. Engaging with an unregulated broker like Dolphin Markets carries substantial risks, and investors should be aware of the potential consequences before depositing funds.

What Can I Trade on Dolphin Markets?

More investment choices are a good thing for promoting diversification. The more diverse your portfolio is, the easier it is to manage risk. When you open a brokerage account with Dolphin Markets, you can invest in 7 asset classes, including forex, commodities, metals, cryptocurrencies, ETFs, Share CFDs, and indices. If you're looking for future trades or bond trades, you won't find them here.

Overall, you have a good mix of investment options.

Managed portfolios can make investing easier and less time-consuming. With a managed portfolio, you're relying on someone else's expertise to oversee your investments. Dolphin Markets doesn't provide this option. It's geared toward the investors who're comfortable taking the reins themselves.

Account Types

Some online brokerages tier their accounts. Tiers are based on your account balance. The higher your balance, the lower the fee you might pay. Dolphin Markets provides two live accounts (Standard and Raw accounts) and a demo account.

Dolphin Markets does not charge a commission on Standard Accounts; instead, it marks up the spread above the pricing rate received from its pricing providers. The Dolphin Markets Raw Spread Account shows the raw interbank spread received from its pricing providers. On this account, Dolphin Markets charge commission of $3.5 per standard lot. The minimum opening balance is $100.

Dolphin Markets Fees

Fees matter when building a portfolio. The more you pay in fees, the bigger the dent in your returns.

Most instruments on this platform can be traded 24/5. You can trade forex, and metal CFDs 24 hours a day, 5 days a week with a spread from 0.0 pips and leverage up to 1:500. For commodities, the leverage is up to 1:100 on the same trading hours.

Trading Platform

MT5 (MetaTrader 5) is available with Dolphin Markets. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform allowing foreign exchange, stocks, and futures trading. It provides automated trading systems and excellent tools for various price analyses, algorithmic trading applications, and copy trading.

Customer Support Options

If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to Dolphin Markets's customer support. You have multiple choices, including email (info@dolmarkets.com), phone (+230 4642668), an online chat feature, and a message box on its website. Working hours are 8:00 - 17:00 Monday - Friday and 9:00 - 13:00 on Saturday.

The Bottom Line

Dolphin Markets could be an option if you're an active trader who's focused on forex trading. It also provides raw spreads accounts with a spread from 0.0 pips. On the other hand, you might want to look elsewhere if you want some professional guidance or prefer investing in a hands-off approach. The lack of transparency about trading fees is an obvious drawback and there are certain disadvantages of unregulated brokerages. As you compare online brokerages, remember to consider cost and potential risks.

FAQs

Is Dolphin Markets safe?

Dolphin Markets al is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

Is Dolphin Markets good for beginners?

No, potential investors should be aware that this firm has no valid regulatory certificates.

Does Dolphin Markets offer a managed portfolio service?No, there is no managed portfolio service available with this firm.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for everyone.