info Icon

Advertising Disclosure

Is Dominion Markets Scam or Legit Broker?

No, Dominion Markets cannot be considered a trustworthy broker due to its lack of serious regulation. Dominion Markets LLC is a limited liability company incorporated and registered under the laws of Comoros Union, with company number HY00723020. However, the regulatory oversight and protection offered by the jurisdiction are limited.

  • Dominion Markets, like many other offshore or unregulated brokers, presents quite attractive offers and trading conditions. However, it lacks proper regulatory oversight, making investments with it potentially risky. To steer clear of financial scams and avoid unpleasant surprises, it is always advisable to choose a regulated broker with top-tier regulations and a strong reputation in the market.

About Dominion Markets
🏢 Registered inComoros Union
🗺️ Type of LicenseOffshore
🛡️ Is Dominion Markets safe to trade?No
🗺️ Recommended LicensesFCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Dominion Markets?

Dominion Markets is an internet-based ECN Forex broker. The broker was founded by a team of professional traders in 2020. It boasts of its favorable offerings, such as low spreads, flexible leverage, low forex commissions, segregated clients’ accounts, etc. 

Upon further research, we assess the reliability and trustworthiness of the broker by analyzing it from various critical aspects. Here is what we discovered:

  • Lack of regulation: This is one of the critical aspects of Forex trading. The lack of proper regulation is a red flag that traders need to take seriously. Licenses from top-tier and respected authorities provide an essential guarantee that your investments are secure, and trading won’t result in significant financial losses. In the case of unregulated or offshore brokers, such guarantees are absent. Regarding Dominion Markets, the broker does not hold a substantial license. Instead, it is incorporated and registered under the laws of the Comoros Union, with company number HY00723020.
  • Withdrawal issues: Withdrawal issues are quite common for unregulated or offshore brokers. This is serious, as withdrawal problems mean the inability to withdraw your investments and profits. The broker seems to have issues in this respect, which means to be very cautious while signing with the broker. 
  • Traders’ feedback: Considering feedback from real traders is essential. Clients share their own experiences with different brokers, enabling others to avoid the same mistakes. In fact, many traders have issued warnings about Dominion Markets, sharing their negative experiences with the broker, particularly regarding aspects such as withdrawals and customer support.

Overall Dominion Markets Ranking

After conducting extensive research, we have uncovered substantial concerns regarding the reliability of Dominion Markets and its compliance with regulatory standards. Therefore, we are unable to provide a favorable ranking for Dominion Markets.

  • Dominion Markets Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers. See Our Ranking below compared to other popular and industry-leading Brokers.
RankingDominion MarketsFXGTEightcap
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading InstrumentsTrading Platforms

Dominion Markets Alternative Brokers

Considering the concerns surrounding Dominion Markets’ reliability and security, we highly recommend traders to explore alternative options that provide more stringent regulations and enhanced trading conditions. Below is a list of reputable brokers offering trustworthy choices and a secure trading environment for your consideration:

  • Eightcap– Competitive Trading Conditions
  • FXGT– Low Pricing
  • CMC Markets – Wide Range of Trading Instruments

Deposits and Withdrawals

With Dominion Markets crypto is the main option for deposits. It offers a wide range of crypto options such as BTC, ETH, LTC, DASH, BCH, XMR, NEO, XRP, and ADA. Also, clients can deposit funds using a credit or debit card through a third-party payment processor. Dominion Markets minimum deposit using Crypto Payments is $50. The minimum deposit for other payment methods is $100.

  • There is a  same-day Crypto withdrawal for all clients. The withdrawal request will be fulfilled within 24 hours of submission, and the funds will then be sent directly to the client’s Crypto wallet. 
  • The minimum amount for withdrawals is $50. It is possible to cancel a withdrawal request while it is still pending, by contacting the broker’s Support Team.
  • We strongly recommend exercising extra caution, as many clients share their negative experiences regarding the withdrawal process with Dominion Markets. 

Account Types

Dominion Markets Login to account offers several account types: ECN, Standard STP, ECN Plus, and Islamic. Each account offers different features and conditions that will suit traders with different trading expectations.

  • ECN account is designed for professional traders, with tight spreads and deep liquidity.
  • On the other hand, Standard STP account is suitable for beginner traders, who are looking for simple and direct market access with no commissions along with DOminion Markets leverage offers highest rates, which is typical practice of unregulated and offshore brokers. 

Dominion Markets Review Conclusion

Based on the information we have compiled regarding Dominion Markets Forex Trading, there are notable concerns regarding the broker’s reliability and trustworthiness. While the broker offers attractive features and services, its registration in an offshore jurisdiction is a significant ground for concerns. Besides, there are many negative reviews from clients that shouldn’t be overlooked.

This is why we recommend choosing a reliable broker that holds licenses from reputable authorities like FCAASIC, or CySEC. There are many regulated brokers that are both reliable and have exceptional offerings. Some of them are but not limited to BlackBull Markets, HFM, and Eightcap.

  • Overall ranking and experience for Dominion Markets is Negative

No news available.

One response to “Dominion Markets”

  1. In begining I belive in this broker but I must colose all position two times and lost 5k
    Now thay don’t use mt5 so it is total scam
    Only Raga make mone from us but it is not money with alal it is money with negative energy
    alah agbar

Leave a Reply

Your email address will not be published. Required fields are marked *