Score

1.90 /10
Danger

Dollars Markets

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

High potential risk

Benchmark

AAA

Influence

B

Influence

E

Open Account
Website

Score

License Index0.00

Business Index5.86

Risk Management Index0.00

Software Index7.62

Regulatory Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

AAA

Influence

B

Influence

E

Website
Open Account

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open for free

Contact number

English

+257 70040034

Broker Information

More

Company Name

Dollar Markets Ltd

Company Abbreviation

Dollars Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Twitter

Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2022-10-03
  • It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months, please be aware of the risk!

WikiFX Verification

Dollars Markets · Benchmark
Average transaction speed(ms)
670.5 Poor
The highest transaction speed(ms)
2 Perfect
The highest speed of opening positions(ms)
2 Perfect
The highest speed of closing position(ms)
2 Perfect
The lowest speed of opening positions(ms)
1941
The lowest speed of closing position(ms)
1891
Ranking: 18 / 113
Test user 150
Transactions 2,259
Ocuppied margin $262,067 USD
Data Source WikiFX Data provide
Updated: 2022-09-30 00:09:00
Pyramid scheme complaint
Expose
Unable to withdraw

Account disable

how to proceed regarding my trading account problem in the name of GURUH GARINDRA with trading account number 1060123 . Has my total deposit been returned to BANK BCA account number 1030642721 in the name of GURUH GARINDRA? I've been waiting for a long time no answer at all. I want to report it to the authorities if it is not immediately transferred to my BANK BCA account number. reply to my chat on email rindra28072000@gmail.com ID Klien 66118

2021-11-22 16:29
Unable to withdraw

DollarsMarkets is scammer not real broker.

Every day they have a smarter way and seem to have carried out procedures and audits. But this is just a scam. If you have just created an account, initially you can trade as with a normal broker. However, when you have made a profit and want to withdraw funds greater than the deposit you have made, then what happens is: - Dollars Market locks your account, arguing: "your account is currently under review as part of a larger investigation involving multiple accounts conducting market abuse." - Helpdesk continues to serve your complaint well but persists for the reasons above. - You can still trade with Metratrader but you will most likely experience a margin call. - A week later you will receive an email with the content: "It seems that your account has been found to be in violation of our trading rules, section 8.1 classified under 'Abusive Trading'. As such, your account has been disabled." - You have been accused of cheating and your account has been disabled. Can't login anymore -Act like a swindler, the email also offers you to withdraw on condition that the deposit value is greater than the withdrawal value. But it's actually done. You begin to understand that so far you have only traded with Dollarsmarkets not the market.

2022-08-23 14:00

News

NewsWIKIFX REPORT: Gold Holds its Own After Wrecker-Ball of U.S. Jobs Report, Dropping Just 1%

While those in the gold market began Friday’s trading, the ominous question was whether the yellow metal’s prices will survive another wrecker-ball of a U.S. jobs report?

WikiFX
2022-08-16 13:40
WIKIFX REPORT: Gold Holds its Own After Wrecker-Ball of U.S. Jobs Report, Dropping Just 1%

NewsWIKIFX REPORT: Fed’s Bowman: more 75 basis-point hikes should be on the table

The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more regulatory clarity.”

WikiFX
2022-08-16 12:23
WIKIFX REPORT: Fed’s Bowman: more 75 basis-point hikes should be on the table

NewsWIKIFX REPORT: China expedites local govt debt issuance to bolster capital of smaller banks

In order to speed up the issuance of special local government bonds to help boost the capital of small and medium-sized banks, China's banking regulator worked with the finance ministry and central bank, according to China Banking and Insurance News.

WikiFX
2022-08-16 12:16
WIKIFX REPORT: China expedites local govt debt issuance to bolster capital of smaller banks

NewsWikiFX 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.

WikiFX
2022-06-30 17:05
WikiFX Review: Is Dollars Markets a trustworthy broker or just another scam?

NewsThe Rand is bleeding as the dollar's stretch continues.

The rand remains weak versus the dollar, which is strengthening due to fears about slowing global economic growth, increasing interest rates, and conflict threats, resulting in greater market volatility.

WikiFX
2022-05-29 12:00
The Rand is bleeding as the dollar's stretch continues.

NewsSouth Africa's rand drops in the middle of development concerns, power cuts

At 0610 GMT, the rand traded at 16.2270 against the dollar, around 0.45% weaker than its previous close.

WikiFX
2022-05-26 17:08
South Africa's rand drops in the middle of development concerns, power cuts

NewsMajor sources of Capital Traded in the Forex Market

Very often many traders get curious when they hear that the forex market has the largest amount of capital investment in the world with over 6.2 Trillion dollars invested and roughly 1.5 Trillion dollars traded daily. Some pause to argue where these large capitals come from. To this end, we have discussed extensively in the article, the major sources of the Capital traded in the forex market today.

WikiFX
2022-05-25 15:43
Major sources of Capital Traded in the Forex Market

NewsTaking Your Trading to the Next Level with MetaTrader 5 (MT5)

Dollars Markets boasts having the two platforms of MetaTrader 4 (MT4) and MetaTrader 5 (MT5); however, there is much confusion between the two platforms. Is the new platform really all that new? How is it in any way better than the tried, tested, and trusted ‘Old Reliable’ MT4? All these questions will be answered, and perhaps you will find the right platform for you.

WikiFX
2021-12-15 17:03
Taking Your Trading to the Next Level with MetaTrader 5 (MT5)
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