Dominion Markets Forex Review

Read our full Dominion Markets review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased Dominion Markets opinion allows our readers to decide whether Dominion Markets is a reliable broker.

Dominion Markets Forex Broker History

Dominion Markets LLC is an offshore Forex and CFDs broker, offering its services to a global audience. The broker has been around since 2020, making it relatively young but still an experienced brokerage firm. The broker offers multiple trading accounts, access to advanced trading platforms, and more than enough leverage. Traders can access a wide range of assets, and the website is professionally developed. Let’s review all the critical details about this broker to define whether you can trust it.

Dominion Markets broker safety

Dominion Markets is a regulated Forex and securities dealer, overseen by the Mauritius Financial Services Commission (MU FSC). As a regulated broker, Dominion Markets keeps traders’ funds in segregated bank accounts, separating its own operational funds from client funds. This is a crucial safety policy for traders.

Dominion Markets does not offer true negative balance protection, despite marketing claims, which is a red flag. Lack of NBP policy is a serious downside for beginner traders, as the broker offers up to 1:500 leverage, meaning traders can easily go into the minus as a result of unnecessary risks.

Dominion Markets Broker Review of Accounts

Dominion Markets offers a wide selection of different account types. Standard STP, ECN, ECN Institutional, and Islamic accounts are offered, and each of them has different offerings.

Dominion Markets Standard STP Account has the following trading conditions:

• Minimum deposit – $50
• Maximum leverage – 500:1
• Spreads from – 2.0 pips
• Commissions – $0
• Minimum lot size – 0.01 lots

Dominion Markets ECN Account offers low spreads with no commissions:

• Minimum deposit – $100
• Maximum leverage – 500:1
• Spreads from – 0.0 pips
• Commissions – $3.5 per side per lot
• Minimum lot size – 0.01 lots

Dominion Markets ECN Institutional Account specifications are as follows:

• Minimum deposit – $10,000
• Maximum leverage – 500:1
• Spreads from – 0.0 pips
• Commissions – $3 per side per lot
• Minimum lot size – 0.01 lots

Dominion Markets Islamic Account is for Sharia law followers and it offers:

• Minimum deposit – $50
• Maximum leverage – 500:1
• Spreads from – 1.5 pips on STP
• Commissions – $3.5 per side per lot and spreads from 1 pip on ECN
• Minimum lot size – 0.01 lots

Overall, Dominion Markets offers a wide range of accounts, but its standard trading account is very expensive, offering spreads from 2 pips.

Dominion Markets instruments

Dominion Markets offers a wide range of different asset types:

• Forex (55+ pairs)
• Crypto (35+ pairs)
• Stocks (60+ CFDs)
• Indices (10+ major ones)
• Metals & Commodities (gold, silver, oil, natural gas)

The leverage is high at 1:500, but spreads are expensive. Traders can access many different assets, which is flexible.

Dominion Markets Reviews of Trading Platforms

Dominion Markets offers cTrader and MetaTrader 5 advanced trading platforms. The broker allows traders to use both custom indicators and EAs (automated trading systems). Mobile trading is available via mobile MT5 and cTrader apps and is available on all mobile devices and systems.

Dominion Markets Forex Review of Extra Features

The broker does not offer many extra features, as there is only a trading blog and market analysis. The blog offers some interesting read posts, and market analysis allows traders to get market updates daily. However, there is no video content or trading courses available, which is a downside. Boker also offers limited learning materials, like a trading blog and daily market analysis. The analysis is just a technical overview of popular major pairs and can provide some useful insights, but not enough for profitable trading. The blog lacks video guides and trading courses.

Dominion Markets Reviews of Customer Support

Dominion Markets has a fatal flaw in customer support: it does not provide a live chat support channel, which is a red flag for its legitimacy. There are email and phone support options provided, but they are not as fast or as comfortable as the live chat. The broker is multilingual, as both the support and website are available in many different languages.

Dominion Markets Deposit and Withdrawal

Dominion Markets deposits and withdrawals allow users to use a wide range of methods, such as wire transfers, bank cards like Visa and MasterCard, E-wallets (Skrill, Neteller, etc.), and several cryptocurrencies like USDT. The broker claims super-fast withdrawals under 24 hours, which is very competitive if true. Deposits are instant and fee-free, and it is unclear whether withdrawals are also fee-free, which is unfortunate.

Dominion Markets Review Conclusion – Can You Trust Dominion Markets?

Dominion Markets is a Mauritius-based and regulated FX and CFDs broker offering access to cTrader and MT5 advanced platforms, multiple trading accounts including STP and ECN types, and broad asset coverage. While the trading environment is flexible, high spreads on the standard STP accounts and a lack of true negative balance protection, coupled with no live chat support, weaken the broker’s appeal big time. The broker is more suited for experienced traders who prioritize platform diversity and access to a multitude of different markets. However, the lack of proper educational materials and live chat makes it difficult to recommend Dominion markets to anyone.

FAQs on Dominion Markets

Is Dominion Markets a scam?

Dominion Markets scam is still a possibility as the broker is regulated but lacks negative balance protection, and there is no live chat support provided.

What is the Dominion Markets minimum deposit?

The minimum deposit starts from $50 for the Standard and Islamic accounts. Other account types require higher minimum deposit amounts.

Is Dominion Markets a cheap broker?

ECN accounts offer cheap spreads but charge commissions, while STP accounts have expensive spreads from 2 pips.