Dalzell Markets Ltd

Overview of Dalzell Markets Ltd

Dalzell Markets Ltd is an online brokerage firm that was established in 2020 and is headquartered in China. The company currently operates without regulation, as it is not authorized or regulated by any financial authority. Dalzell Markets offers trading in forex, Contracts for Difference (CFDs), stocks, indices, commodities, and cryptocurrencies through its proprietary web-based trading platforms and mobile apps.

The broker caters to both beginner and experienced traders by providing multiple account types including a standard account, an ECN account with direct market access, and an Islamic account that complies with Sharia principles. Traders can open an account with a minimum deposit of $100 and can trade in over 300 financial instruments. Dalzell Markets provides competitive spreads, fast execution, and 24/5 multilingual customer support. The company utilizes secure encryption technology and segregates client funds in top-tier banks to ensure the safety of client deposits and personal data.

Overall, Dalzell Markets aims to provide clients with a transparent, reliable, and innovative trading experience.

Regulatory Information

A significant point of concern for potential investors is the broker's unregulated status. It lacks oversight from major financial regulatory bodies. This absence of regulation can pose substantial risks to traders, as unregulated brokers often lack the stringent compliance and transparency standards set by established regulatory authorities. Investors dealing with unregulated entities may face challenges in seeking recourse in case of disputes or malpractices.

Thus, it's imperative for traders to exercise caution and conduct comprehensive due diligence before engaging with such brokers

Pros and Cons

Pros

1. High Leverage up to 1:500: This allows traders to open significantly larger positions with a smaller amount of capital, offering increased exposure and potential for higher profits. However, it's important to note that high leverage also amplifies potential losses, making risk management essential.

2. Competitive Spreads from 0 pips: Offering spreads as low as 0 pips on major currency pairs reduces transaction costs, enhancing profitability, particularly in trades with minor price movements.

3. Diverse Trading Platforms: Includes popular options like MT4 and MT5 for algorithmic trading, as well as user-friendly Web Trader, catering to a variety of trading styles and preferences.

4. Multiple Account Options: Ranging from ECN for direct market access to Islamic-compliant accounts, these options accommodate various experience levels, strategies, and beliefs.

5. Wide Range of Tradable Assets: Covers major forex pairs, cryptocurrencies, global stocks, indices, and commodities, allowing for extensive trading and portfolio diversification opportunities.

Cons

1. No Regulation: The absence of regulatory oversight raises the risk for traders and lacks compensation fund protection in case of broker default or mismanagement.

2. Limited Educational Resources and Analysis Tools: This shortfall forces traders to seek market insights and skill development from external sources.

3. Lacking Advanced Trading Products: The absence of options, futures, and exotic forex pairs limits asset choices for experienced traders compared to other brokers.

4. High Minimum Deposit ($100): This requirement could be a barrier for new retail traders operating with a limited budget.

5. Swap Fees on Islamic Accounts: The imposition of overnight swap fees contradicts the principles of Sharia law, which prohibits interest-based fees.

Market Instruments

Dalzell Markets offers trading in a range of markets including forex, contracts for difference (CFDs), and shares/stocks. For forex, Dalzell provides access to major, minor, and exotic currency pairs. Its CFD offerings cover indices, commodities, and major cryptocurrencies. For share trading, Dalzell offers stocks from leading exchanges like the US, UK, Germany, and China.

However, the broker does not offer any trading in futures, options, bonds, or ETFs which limits its product range compared to some competitors. Overall, Dalzell provides traders access to trade the most popular financial instruments across forex, CFDs, and share markets.

Account Types

Dalzell Markets provides traders with 3 main account options to suit different experience levels, trading styles, and religious beliefs. The account types offered are the Standard, ECN, and Islamic accounts.

The Standard account has a minimum deposit of $100, variable spreads from 1.2 pips, leverage up to 1:500, and access to all trading products.The ECN account requires a $5,000 minimum deposit, has ultra-tight spreads from 0 pips, leverages up to 1:100, and offers direct market access for advanced traders. Finally, the Islamic account follows Sharia principles with a $100 minimum deposit, competitive spreads from 1.7 pips, swap-free trading and leverage up to 1:500.

How to Open an Account？

Opening a trading account with Dalzell Markets is a straightforward process that can be completed online in a few steps.

Step 1: Visit their website and click on “Open Live Account” to access the new account registration form.

Step 2: Fill in your personal details, contact information, and choose your preferred account type. Review and agree to the applicable terms and conditions.

Step 3: Make your minimum deposit and submit all your verified ID and proof of address documents. Your account will then be activated within 1 business day.

The online registration and approval process allows new clients to readily open a Dalzell Markets trading account through their user-friendly website.

Leverage

Dalzell Markets provides high leverage up to 1:500 for forex and 1:100 for other trading products. This allows traders to open much larger positions with less capital. However, leverage also amplifies losses so proper risk management is vital. The maximum leverage varies based on the account type. The ECN account has a maximum leverage of 1:100 across all assets. The Standard and Islamic accounts offer up to 1:500 leverage on forex and 1:100 leverage on other trading products like indices, commodities, shares, and cryptocurrencies.

Spreads and Commissions

Dalzell Markets offers competitive spreads starting from 0 pips on certain assets depending on the account type. The ECN account has the tightest spreads from 0 pips on major currency pairs. The Standard account spreads start from 1.2 pips on forex and 0.1 pips on indices and commodities. There are no additional commissions charged on trades for any accounts. The Islamic account spreads begin at 1.7 pips due to the lack of swap fees.

Overall, Dalzell Markets provides tight spreads across multiple assets to keep trading costs low.

Trading Platform

Dalzell Markets provides traders with access to MetaTrader 4, MetaTrader 5, and its own custom web-based Web Trader platform. These platforms offer advanced charting capabilities, trading tools, and the ability to execute trades across different device types including desktop, web, and mobile. Key features include customizable layouts, technical indicators, automation through EAs, and embedded market data tools. The platform selection allows clients to choose the interface that best matches their trading style and requirements.

MetaTrader 4 (MT4)

• Popular trading platform for forex and CFDs

• Advanced charting tools and technical indicators

• Supports EAs, robots and automated trading

• Mobile and web-based versions available

• Advanced order types like pending orders, stop loss and take profit

MetaTrader 5 (MT5)

• Multi-asset platform for forex, stocks, futures and indices

• Additional indicators, more timeframes and order types than MT4

• Built-in economic calendar and market depth information

• Algorithmic trading via MQL5 programming language

• Available on desktop, web and mobile

Proprietary Web Trader

• User-friendly web-based trading platform

• Real-time streaming quotes and simple order execution

• Customizable layouts and charting

• Monitor multiple assets and create watch lists

• Built-in news and market data widgets

Deposit and Withdrawal

Dalzell Markets offers a range of deposit and withdrawal options including bank wire, credit/debit cards, and e-wallets like Skrill and Neteller. The platform stands out by not charging any fees for deposits or withdrawals. Deposits are processed instantly when using cards and within one business day for wire transfers. Withdrawals are also efficient, with e-wallets processing within 24 hours and bank wires taking up to 5 business days. This setup allows traders to quickly and cost-effectively manage their funds.

Customer Support

Dalzell Markets provides email support for customers facing various issues. You can contact them at info@dmltop.comfor assistance with any trading or account-related inquiries. Their dedicated support team is committed to delivering prompt and reliable assistance, ensuring a seamless trading experience for all users.

Educational Resources

Dalzell Markets lacks comprehensive educational content or trading analysis resources. Beginner traders may find the basic articles useful but experienced traders will likely have to rely on external sources for market news, technical analysis and developing trading skills. The education offering is quite limited compared to other leading brokers.

Comparison with Similar Brokers

Compared to leading brokers XTB and IC Markets, Dalzell Markets offers competitive spreads but has more limited trading platforms and educational resources. Dalzell provides tight spreads starting from 0 pips on certain assets but has a smaller selection of platforms than XTB and IC Markets. All three brokers offer popular platforms like MT4/MT5 but XTB and IC Markets provide more advanced proprietary platforms as well. While spreads are competitive, Dalzell lacks the comprehensive educational tools, market research and social trading features offered by the other brokers.

Conclusion

In conclusion, Dalzell Markets is an unregulated online broker that provides trading access across forex, CFDs, stocks, indices, and commodities through MetaTrader and proprietary web platforms. Leverage up to 1:500 and tight spreads create potential for profits but lack of licensing raises risks for traders.

While Dalzell offers multi-language support and Islamic accounts, educational resources are scarce and advanced traders may find limited products. Compared to regulated brokers, Dalzell provides a basic trading experience but falls short on transparency, protections, and value-added offerings. Traders should carefully weigh the opportunities and limitations Dalzell presents in order to determine if its services match their requirements and risk tolerance. More visible client feedback would aid in evaluating this relatively new and lesser-known broker.

FAQs

Q: What is the maximum leverage available for trading forex？

A: The maximum leverage offered on forex pairs is up to 1:500 on the Standard and Islamic accounts.

Q: Does Dalzell Markets offer guaranteed stop loss orders？

A: No, Dalzell Markets does not offer any guaranteed stop loss order functionality.

Q: How do I use an Expert Advisor on the MT4 platform？

A: You can use EAs on MT4 by dragging the EA file onto a chart which will launch the robot for automated trading.

Q: Does Dalzell Markets provide swap-free Islamic accounts？

A: Yes, Islamic accounts have zero swap or rollover fees in adherence with Islamic financial principles.

Q: What is the minimum trade size for forex and gold at Dalzell Markets？

A: The minimum trade size is 0.01 lots for forex and gold, which is equal to 1000 units.