Dominion Markets Forex broker review — Everything you need to know

Dominion Markets is the company’s trade name, and the company behind the trading name is Dominion Markets LLC, which is registered in Mauritius. The broker offers a separate entity where it offers funded accounts as well. The Dominion Markets LLC is a Forex and CFDs broker that offers diverse account types and access to a wide range of markets.

In this unbiased review, we will assess the broker’s most important features to determine its safety and reliability according to its trading conditions and regulations.

Dominion Markets Overview of the website

The website of Dominion Markets broker is responsive despite the many menu buttons and information it offers. All the details are accessible on the website in a well-ordered manner, and traders can find all the crucial information to make informed decisions.

The one minor drawback is that the broker does not offer information about its available trading assets on its website, and traders have to search on the website, such as FAQs and help, to see what the broker has to offer. Otherwise, the website of Dominion Markets is professional, and everything is well-ordered.

Dominion Markets Accounts Reviewed

Dominion Markets has several account types available for traders: Standard STP, ECN, ECN Institutional, and Islamic. As a result, traders can select between STP and ECN accounts depending on their trading strategies, where STP is suited for general trading purposes and ECN is suitable for scalping methods. Let’s quickly review each of their specifications to define whether the broker is competitive in this aspect.

Dominion Markets Standard STP Account

The standard STP account is a general trading account that requires no trading commissions but has spreads. Here are its main specs:

• Minimum deposit – 50 USD
• Maximum leverage – 1:500
• Spreads from – 2.0 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

The broker allows all trading styles on this account, but it is not suited for scalping due to high spreads.

Dominion Markets ECN Account

The ECN account is for scalping as it allows for spreads from 0 pips, and there are commissions charged. Here are the main specs of the Dominion Markets ECN accounts:

• Minimum deposit – 100 USD
• Maximum leverage – 1:500
• Spreads from – 0.0 pips
• Commissions – 3.5 USD per side per lot
• Minimum lot size – 0.01 lots

All other specs are similar to the STP account, including all trading styles being allowed.

Dominion Markets ECN Institutional Account

This account is institutional-grade and offers better conditions and has lower commissions. The minimum required deposit is higher than the rest of the accounts. Here are its main specs:

• Minimum deposit – 10,000 USD
• Maximum leverage – 1:500
• Spreads from – 0.0 pips
• Commissions – 3 USD per side per lot
• Minimum lot size – 0.01 lots

As we can see, the minimum deposit requirement is higher than other accounts, but the commissions are still expensive for an institutional-grade account.

Dominion Markets Islamic Account

The Islamic account is for Sharia law followers and offers the following conditions:

• Minimum deposit – 50 USD
• Maximum leverage – 1:500
• Spreads from – 1.5 pips on STP
• Commissions – 3.5 USD per side per lot and spreads from 1 pip on ECN
• Minimum lot size – 0.01 lots

This account depends on the base account. If the trader selects an Islamic account on the STP account, then conditions similar to those of STP and ECN require both spreads and commissions.

Deposit and withdrawal options at Dominion Markets

When it comes to funding methods, the broker accepts wire transfers, bank cards like Visa and MasterCard, E-wallets (Skrill, Neteller, etc.), and several cryptocurrencies. Deposits are instant, and there are no fees charged. When it comes to withdrawals, the broker claims 24-hour processing times, and their fees are also zero.

Dominion Markets Assets — What can you trade?

Dominion Markets allows access to a diverse set of assets such as Forex pairs, commodities, indices, cryptos, and stocks. Here is what the broker offers in each asset class:

• Forex (55+ pairs)
• Crypto (35+ pairs)
• Stocks (60+ CFDs)
• Indices (10+ major ones)
• Metals & Commodities (gold, silver, oil, natural gas)

This is very competitive and allows traders to execute multi-asset trading strategies or even use portfolio management techniques to diversify across classes of trading assets. The leverage is up to 1:500, which is plenty for controlling a significant position size, but spreads are expensive on standard accounts starting at 2 pips.

Trading platforms of Dominion Markets

Dominion Markets provides access to various advanced platforms. This list includes advanced software like cTrader and MetaTrader 5 (MT5). These platforms are standalone software that allow traders to use custom indicators and Expert Advisors (EAs) for automated trading systems, and the broker allows traders to use any trading style. Mobile trading is available via mobile app versions of cTrader and MT5, accessible on both iOS and Android devices.

Education at Dominion Markets

Dominion Markets provides very few educational resources. There are only trading blogs and market news offered, which is not enough to replace a proper trading education. There is a market analysis provided daily, which could be useful for beginners, and the blog offers some learning materials, also very limited, as there are no video guides or trading courses.

Dominion Markets Customer Support

The customer support experience at Dominion Markets includes email and phone options. The broker does not offer a live chat support option, which is a serious drawback and red flag. Lack of live chat makes it a super difficult and time-consuming process to contact the broker and resolve issues. There is an online form that is an email support and not a live chat.

Dominion Markets bonuses and promotions

The broker does not offer any bonuses or promotions, which is a downside. There are no deposit bonuses or promotions offered to incentivize traders. There are no additional features or services to help traders increase their success rate.

Is Dominion Markets your broker? Final verdict

Dominion Markets is a Mauritius-based offshore broker that is also regulated there by the local FSC. It offers competitive platforms (MT5 and cTrader), high leverage, and multiple trading account types. While trading conditions are fair, the lack of live chat support, no bonuses, and minimal educational resources limit its appeal. Overall, the broker is more suitable for experienced traders, but beginners should be careful due to light regulation and limited support.

FAQs on Dominion Markets broker

Where is Dominion Markets based?

Dominion Markets is based in Mauritius and regulated by the Mauritius Financial Services Commission (MU FSC).

Can you withdraw from Dominion Markets?

Yes, Dominion Markets supports multiple payment methods like crypto, cards, and bank wires and promises 24-hour withdrawal processing.