DOP Markets Information
Dop Markets was registered in the United Kingdom in 2010 with the registration number 15912554 and its office address is located on the 77th floor of One World Trade Center, 285 Fulton Street, New York, NY 10007 USA. The brokerage says it offers more than 500 trading instruments. It holds FCA's Common Business Registration type, but is currently operating out of range and traders need to be careful and stay safe.
Pros and Cons
Is DOP Markets Legit?
DOP Markets holds a regulatory license of the FCA's Common Business Registration type, license No.:15912554. However, it has been verified that the current regulatory status of the broker is beyond the scope of operation. Traders need to pay attention to trading and capital security.
What Can I Trade on DOP Markets?
DOP Markets boasts of offering 500+trading instruments. Specific can trade category with forex, metals, energies, indices, commodities and cryptocurrencies.
The broker's trading platform allows traders to trade foreign exchange or precious metals such as gold, silver, platinum and palladium based on spot prices, diversifying their portfolios. Traders can also choose between spot and futures contracts, taking advantage of CFDS and the best trading conditions in the industry to trade in the crude oil market.
In addition, soft and hard commodities, such as cocoa, coffee and copper, can be traded either as standalone products or added to individual portfolios, depending on the trader's preference. Traders can also trade CFDS in cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin.
Trading Platform
Customer Service
There are two ways for traders to access Dop Markets customer service: through the email and physical address provided. In addition, Dop Markets does not disclose any social media platforms or contact numbers, nor does it say whether it provides 24/7 customer support.
The Bottom Line
Dop Markets offers more than 500 trading instruments, which are attractive for traders who like to diversify their trading products. However, the abnormal regulatory status of the broker, lack of support for the use of the popular platform MT4/5 and poor customer service may result in traders not liking and choosing it, and need to guard against risks.
FAQs
Is DOP Markets safe?
No, it's not safe. DOP Markets claims to hold an FCA General Business registration licence, but currently operates outside the regulatory scope. There are concerns about its safety and reliability.
Is DOP Markets good for beginners?
No, the DOP market may not be for beginners. Because it has some factors that can be barriers to learning for beginners, including abnormal regulatory status, lack of MT4/5 platform commonly used by beginners, and poor customer service.
Is DOP Markets suitable for day trading?
No, DOP Markets is a broker that is not suitable for day trading. Although DOP Markets offers more than 500 tradable instruments, abnormal regulatory conditions and the absence of a popular trading platform have prevented it from providing sufficient support for intraday trading.
