Dominion Markets Review: A Bogus Scam

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Dominion Markets Review
  • Fund Safety
  • Regulation
  • Contact Details
0.5

Summary

It appears that the venture is operating from St Vincent and the Grenadines. We continue to emphasize the island does not have a regulatory body supervising forex trading activities on any other online investment activities.

Dominion Markets is a scheme that is not safe for traders. The venture claims it educates investors helping them to manage their risks. It is hard to identify the red flags with this scheme as it hides its shadiness perfectly.

We review these kinds of ventures daily. The entity uses deceptive rules to steal from innocent people. There is no hope for the investors that test the waters with Dominionmarkets.com. The fraudsters will soon leave their customers devastated.

Dominion Markets Review, Dominion Markets Company

The trading conditions of Dominion Markets are not appealing to investors. Nonetheless, the offshore entity has an MT5. Investors can trade commodities, forex, metals, cryptocurrencies, and shares. The terms and conditions of the scheme will not protect you when they start stealing from you.

You may have clicked on an advert that promised to revolutionize your financial status. This is just one technique that fraudsters use to manipulate investors into giving them funds. The scheme uses fake information to steal from investors.

Invest with the best forex trading brokers that are reputable. You will generate desirable returns when you trust the right scheme. The safety of your funds should be your main concern. Offshore ventures tend to let down their clients.

Dominionmarkets.com Review

Dominion Markets is a shady platform. The account managers and financial analysts that are behind this entity are anonymous. The company mainly targets scalpers and active day traders. They promise to help investors manage their risks.

However, we don’t see the superior liquidity that the scheme promises. Ironically, the broker claims that it is guided by the core values of reliability, transparency, integrity, and trust. However, they do not provide their trading results to display how they have been fairing in the market.

Dominionmarkets.com also allegedly provides the latest trending news in the market. They want to keep their customers informed of the activities taking place. So long as a broker is not licensed, we do not recommend investors waste their time.

The only positive thing worth mentioning is that the entity has a superior trading interface. However, it does not serve any good since the venture is dangerous. Therefore, you need to be careful with this venture and avoid trusting blindly.

Once you educate yourself on the matter of trading, scammers will never steal from you. You only need to perform research and utilize online resources.

Trading Conditions of Dominion Markets

The entity has an MT5 interface. The EURUSD provides a spread of 2.6, which is unprofitable to investors. You will be subjected to paying more, and these kinds of spread are only helpful to the con artists. The leverage that traders can get is that of 1:500.

The limit is beyond what the financial regulatory bodies permit. Therefore, this is enough evidence that this is an unregulated scheme. The entity offers commission to its clients. Nonetheless, we don’t deem them genuine.

Dominionmarkets.com Review, Dominionmarkets.com Conditions

The venture provides educational materials that aim to provide knowledge to investors on the best time to trade and the best pairs. It is a great thing that they are educating clients. However, this does not change the fact that the broker is dangerous.

They are providing incentives to clients. If you are not aware, there are usually tough requirements that traders must meet for them to be able to withdraw. Avoid opening an account with this firm.

The Withdrawal and Deposit

Dominion Markets allegedly accepts funds via wire transfers, debit and credit cards, and cryptocurrency wallets. The least acceptable amount that traders can deposit is $100. The venture assures clients the withdrawal process is handled within 48 hours.

The broker does not disclose if investors need to pay fees. Scammers deliberately leave out this critical data so that they can exploit traders. They will overcharge clients without having second thoughts.  Certainly, traders who trade with this entity will only lose funds.

Dominion Markets Regulation and Registration

It appears that the venture is operating from St Vincent and the Grenadines. We continue to emphasize the island does not have a regulatory body supervising forex trading activities on any other online investment activities.

Hence, your safety is prone to high threats. Dominion Markets is an unregulated venture. They also ask their clients to ensure that their local jurisdiction permits them to trade with the broker. It is the responsibility of an investment scheme to adhere to the rules of the financial watchdogs. It is about time Ponzi schemes stopped misleading traders.

Unregulated companies make bold claims promising to better the returns of investors. They do this knowing very well they will exit the market without notice. The venture does segregate funds. They also have not deposited the huge capital that regulatory bodies require.

Hence, Dominion Markets can face bankruptcy at any time. They can also choose to steal from their clients without being subjected to facing any consequences. Invest with brokers that have a license from the FCA, NFA, or CySEC.

Contact Details and Customer Support

The one way you can determine if an entity is right for you is by treating their clients. Dominion Markets does not have a professional customer support team. The only way that you can get hold of the platform is by filling a contact form or emailing them.

Reputable ventures will have a phone number accessible to all their customers. Investors can call whenever they face challenges. The reason that traders cannot reach the platform is that they are involved in illegal activities. Therefore, they should remain discreet.

Legit companies have methods available for their clients. Investors can even engage with them on social media platforms. They get to know of any upcoming event. Dominion Markets is an unethical firm. They will leave the market unceremoniously.

Dominion Markets Trading Accounts

The company has two trading accounts. There is a Standard and a Pro account that is meant for rookie and expert traders. Dominion Markets does not discuss the perks that investors will get from selecting either of the accounts.

For the sake of your sanity, it will be best to avoid this investment scheme. The entity claims that traders are protected against negative account balances. However, it would help if you did not take the word of an offshore firm seriously. They tend to violate their terms to meet their greedy needs.

The Domain Insight

Dominionmarkets.com is a company that has been in the market since December 2020. The domain name is only registered for a period of one year. The people behind this venture are unknown to the public. Nonetheless, the broker is getting big traffic.

Alexa ranks them at 176,487. The majority of their clients are from the United States. The scheme is primarily targeting investors from here without having a license from the NFA.

Final Verdict

Dominion Markets is an offshore investment company that is operating as it, please. The venture is unworthy of traders’ time and funds. The spread that the entity offers is unprofitable to investors. The leverage also pushes investors to risky limits. The firm is also based in the SVG, an infamous area for all the wrong reasons.

We suggest you check out some forex trading companies that are reputable and regulated. You will trade with peace of mind knowing that your money is safe. These are ventures that have verified trading results. Investors can also access the reviews of their clients online.

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