Score
Domino Forex
Malta|5-10 years| http://domino.bmgdemo.com/index.php?route=about&lang=1
Website
Rating Index
Contact
Licenses
Licensed Institution：DOMINO EUROPE LIMITED
License No.：C 59946
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Malta
Account Information
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Website
bmgdemo.com
Server Location
Hong Kong
Website Domain Name
bmgdemo.com
Website
WHOIS.ONLINENIC.COM
Company
ONLINENIC, INC.
Domain Effective Date
2013-10-16
Server IP
117.18.114.37
Company Summary
Basic Information & Regulators of Domino Forex
Domino Forex is an online Forex and CFD broker offering currency pairs, metals, and CFD trading services to retail and institutional users. Domino Forex is currently regulated by the Malta Financial Services Authority.
Safety Analysis of Domino Forex
Domino Forex is currently regulated by the Malta Financial Services Authority. This regulated platform is not a mainstream regulator and does not strictly regulate forex trading. Therefore investors are advised to avoid this trader when choosing a forex broker.
Market Instruments
Domino Forex offers investors a wide range of popular financial tradable instruments, including Forex, spot metals, energy products, stock indices, CFDs, and CFD expiry dates.
Leverage & Account of Domino Forex
Domino Forex offers three types of accounts to suit different investors' investment needs and trading experience, mainly the Standard Account (minimum deposit of $50), VIP Account (minimum deposit of $10,000), and Pro Account (minimum deposit of $20,000). The three types of accounts have trading leverage varying from 1:10 to 1:500.
Spreads & Commission Fees of Domino Forex
The spreads on Domino Forex Standard accounts are 2.4 pips on EURUSD and 2.5 pips on EURGBP. VIP accounts have a spread of 1.9 pips on EURUSD and 2 pips on EURGBP. For the Pro account, the EURUSD spread is 1.4 pips, and the EURGBP spread is 1.5 pips. Besides, on the Domino Forex platform, the spreads are 50 pips for gold, 4 pips for silver, 3 pips for Brent crude oil, 0.2 pips for natural gas, 1 pip for sugar, 4 pips for cotton, and 25 pips for the S&P 500.
Trading Platform Applied of Domino Forex
Domino Forex offers traders the popular MT4 trading platform for the Forex market. The MT4 trading platform enables traders to customize their trading strategies. And it also supports EA trading, able to be used in various automated trading applications such as placing and adjusting orders, setting alerts, executing trades, etc. Additionally, it has over 40 built-in technical indicators and is multilingual, allowing traders to trade with ease.
Deposit & Withdrawal
Domino Forex supports deposits via wire transfer (taking 2-5 business days to process) and China UnionPay (taking one day to process).
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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