WikiFX Review: Is Dollars Markets a trustworthy broker or just another scam?

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WikiFX Review: Is Dollars Markets a trustworthy broker or just another scam?

Dollar Markets is an online forex broker offering a wide range of market instruments to its clients. However, recently the WikiFX score of this broker has been reduced due to many complaints. Is this broker trustworthy? WikiFX analyzes this broker from specific information, regulation, exposure, etc to help you better understand the reliability of this broker. Let’s get into it.

  About Dollars Markets

  Dollar Markets is a St. Vincent and the Grenadines registered online Forex and CFD broker. It is owned and operated within the Dollars Markets Group of companies.The physical address for this broker is Suite 305, Grifth Corporate Center P.O. Box 1510, Beachmont, Kingstown St. Vincent and the Grenadines

  Market Instruments

  Investors can trade Forex currency pairs, commodities, indices, and cryptocurrencies on the Dollar Markets platform.

  Trading Platforms

  Dollar Markets offers MT4 and MT5 as its main trading platforms.

  Account Types & Minimum Deposit

  This broker offers clients two different types of accounts. They are the Standard account and PRO account. The minimum deposit for the Standard account is $15, while the minimum deposit for the PRO account is $50.

  Spreads & Commissions

  Dollar Markets' official website only shows the spreads for some cryptocurrencies, such as Bitcoin USD with a minimum spread of -17.53 pips, Ether USD with a minimum spread of -673.972 pips, and Litecoin USD with a minimum spread of -6.39 pips. Additionally, the spreads for other financial instruments are not provided.

  Leverage

  The maximum leverage level offered by Dollar Markets reaches up to 1:1000. Since leverage can amplify both profits as well as losses, inexperienced traders and newbies, are not advised to use high trading leverage.

  Deposits and Withdrawals

  What is WikiFX?

WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry.WikiFX is able to evaluate the safety and reliability of more than 36,000 global forex brokers.WikiFX gives you a huge advantage while seeking the best forex brokers.

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