Dominion Markets Review – Why dominionmarkets.com Is A Big Liar?

Is Dominion Markets A Reputable Broker or a Scam?

Dominion Markets LLC is the name of the company that runs this brokerage. We found out that the company is based in Saint Vincent and the Grenadines, as per the Terms and Condition section of the website.

It is therefore an offshore entity, since SVG itself is an offshore domain. One problem is that the Financial Services Authority of SVG does not regulate Forex trading. This was explicitly stated on their website.

Therefore, Dominion Markets regulations are fake. There is no “governing law” this broker follows, so your funds won’t be safe.

We recommend that you locate a licensed broker. This should be preferably regulated by the FCA, ASIC, CySEC, BaFin, CNMV. You can be sure to choose a domain that falls under the European Securities and Markets Authority’s (ESMA) jurisdiction.

Dominion Markets, an SVG-based offshore brokerage without a trading licence, is Dominion Markets. Negative reviews have been received about the broker’s scamming of traders from Canada, United Kingdom, India and Pakistan.

Cautionary Warnings Issued By Financial Watchdogs

Dominion Markets seems to have been sneaking into areas it was not supposed to. Most offshore brokers don’t have the necessary permits to offer services onshore.

Dominion Markets was clearly in violation of this rule and was caught. The Bank of Russia issued a warning about fraud against the broker.

Dominion Markets Trading Instruments

In terms of trading assets, Dominion Markets offers the following:

• Forex pairs: EUR/USD, GBP/AUD, CHF/JPY…
• Indices: S&P500, NIKKEI225, AUS200…
• Commodities: gold, silver, crude oil…
• Shares: Apple, Tesla, Netflix…
• Crypto: BTC, ADA, XPR…

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – FinTech Platform, Clark Financial, Blink Trades.

Dominion Markets Accounts and Withdrawal

Dominion Markets offers two different account types:

• Standard: for discretionary traders.
• PRO: for scalpers and EAs.

There is only one difference between the two accounts: spreads and commissions. Each account type requires a minimum deposit in 100$ and offers leverage up to 1:500.

Remember that high leverage is very risky and can lead to loss. Retail clients were therefore limited to 1:30 by ESMA.

For crypto, the minimum deposit is 100$. Crypto requires 50$. Dominion Markets offers the following funding options:

• Credit/debit cards;
• Wire transfers;
• Crypto.

This broker’s scammy side is that all card payments are processed through a third-party processor. The name of the processor was not disclosed. Dominion Markets withdraws can take up to 24 hours, but traders claimed they were having withdrawal problems.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Dominion Markets: Video

Below you will find a short video about Dominion Markets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Dominion Markets!