General Information
Dominion Markets Is An Online Trading Platform That Provides Access To Global Financial Marekts, Including Forex, Stocks, Commodities And Cryptocurrencies. The Company Is Headquartered In Saint Vincent And The Grenadines, With Offices Located In Room 305 Of The Beachmont Griffith Corporate Center. Dominion Markets Offers Clients A Range Of Trading Tools, Educational Resources And Customer Support Services To Help Them Make Informed Trading Decisions. Focused On Security, Reliability And Transparency, Dominion Markets Aims To Provide Clients With A Seamless Trading Experience.
Advantages And Disadvantages
Advantages:
- A Wide Range Of Financial Instruments Are Available For Trading, Including Forex, Indices, Metals, Cryptocurrencies, And Stocks.
- Competitive Maximum Leverage Settings, Up To 1:500 For Forex Trading.
- Convenient And Fast Deposit Options, Including Cryptocurrencies And Credit/debit Card Payments.
- Withdraw Cryptocurrencies On The Same Day And There Are No Withdrawal Restrictions.
CONS
- Limited Customer Support Options
- Relatively High Minimum Deposit Requirements Compared To Other Online Brokers.
Market Tools
Dominion Markets Offers A Wide Range Of Trading Instruments, Including 55 Forex Currency Pairs, 35 Cryptocurrency Pairs, 64 Stocks, 11 Indices, Metals And Commodities. Such Instruments Offer Traders The Opportunity To Diversify Their Portfolio And Potentially Increase Their Returns. Traders Have Access To Major And Exotic Currency Pairs, Popular Cryptocurrencies, A Range Of Global Stocks, Major Indices, Metals And Commodities. However, It Is Important To Note That Dominion Markets Is An Unregulated Broker With No Effective Supervision, Which Can Be Disadvantageous For Some Traders Who Prefer A More Regulated Trading Environment. Additionally, The Broker Does Not Offer Many Educational Resources Or Analytical Tools, Which Can Be A Drawback For Beginners.
Spreads And Commissions
Standard STP Accounts: No Commissions, Spreads From 1.0 Pips
Professional Accounts: Commission: $3.50 Per Lot * One Way; Spreads From 0.0 Pips
Trading Accounts
Dominion Markets Offers Two Types Of Accounts, Standard STP Accounts And PRO Accounts, Catering To Both Novice And Experienced Traders. The Standard STP Account Is Designed For Novice Traders Who Need Simple And Direct Market Access, No Commissions And Low Fees With An Initial Deposit Of 100 Dollars. Spreads Start From 1.0 Pips And Leverage Up To 500:1, The Account Is Available For All Trading Methods And Allows Expert Advisors And Hedging. The PRO Account, On The Other Hand, Is Designed For Experienced Traders Who Need Deep Liquidity And Low Spreads, With Commissions Of $3.50 Per 1 Lot (one Way) And Spreads Starting From 0.0 Pips. Both Accounts Have A Minimum Trade Size Of 0.01 And Offer Access To Over 200 Currencies, Pairs And Major, Indices, And Meta-traders 5 Platforms And One-click, Trading. However, Dominion Markets Account Options And Payment Methods Are Limited And Are Not Regulated By Any Major Authority.
Trading Platform
Dominion Markets Offers Traders Two Platform Options - MT5 And The Web End Point Platform. The MT5 Platform Has Become A Popular Choice For Traders Due To Its Advanced Features And Ability To Support Algorithmic Trading Via Expert Advisors. The Platform Is Available On Multiple Devices, Making It Easy For Traders To Access The Market From Any Location. However, The Platform Has A Steep Learning Curve And May Not Be Suitable For Beginners. The Webterminal Platform Is A More Basic Version Of The MT5 Platform And May Be Missing Some Advanced Features. Also, It May Be Less Secure Compared To The Desktop Version Of The Platform.
Maximum Leverage
Maximum Leverage Is An Important Aspect Of Forex Trading And It Can Greatly Impact Your Trading Experience. Dominion Markets Offers Different Maximum Leverage Settings For Various Instruments, Ranging From 1:20 To 1:500. Maximum Leverage Is Provided For Forex Trading, Which Can Allow For Potentially Higher Returns And More Flexible Trading Strategies. However, It Also Comes With Higher Risks And Requires Careful Risk Management To Avoid Significant Losses, Margin Calls And Forced Position Squaring. The High Leverage Provided May Benefit Experienced Traders With Good Risk Management Skills, But May Create Potential Problems For Less Experienced Traders Who May Over-exploit Their Positions. In Addition, The Higher Leverage May Result In Larger Bid-ask Spreads, Thus Increasing Transaction Costs.
Deposit And Withdrawal
Dominion Markets Offers Its Clients A Variety Of Deposit And Withdrawal Options, Including Crypto, Credit/debit Cards, And Bank Transfers. The Minimum Deposit Amount Is Relatively Low, While There Is No Maximum Limit For Withdrawals. Same-day Cryptocurrency Withdrawals Are Also Offered, And Clients Can Cancel Withdrawal Requests While They Are Still Pending. However, There Are Fees For Crypto Deposits And There Are Minimum Deposit Amounts For Certain Payment Methods. Bitcoin Transactions May Also Take Some Time To Reach The Account, While Withdrawals May Be Delayed Due To Blockchain Traffic. Comprehensive, Dominion Markets Offers Customers A Convenient And Flexible Payment System.
Customer Support
Dominion Markets Offers Customers A Number Of Client Server Options. The Company Offers 24/5 Customer Support Via Email And Live Chat, Allowing Customers To Contact The Support Team For Assistance With Any Queries Or Issues They May Have. The Website Also Has A Comprehensive FAQ Section Covering Various Topics Such As Account Registration, Deposits And Withdrawals, And Trading Conditions. The Physical Address Of The Company Is Also Provided, Indicating Transparency And Accountability.
