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Is Dollars Markets a scam?
Wikilix independent safety report
74%Scam risk
Likely scamConfidence: HIGH
2.0/5Safety rating 2 out of 5
Dollars Markets shows the hallmarks of a withdrawal trap, and we rate it a likely scam rather than a safe place to trade. It holds only a weak offshore licence, the Securities Commission of Malaysia…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation7/10 · HighIdentity & transparency7/10 · HighWithdrawals & conduct9/10 · CriticalReputation9/10 · CriticalWebsite claims6/10 · HighOperational history4/10 · Moderate
Editorial review
Broker Summary
What Wikilix has recorded about Dollars Markets: its history, the licences it holds, its trading conditions and its fees.
Introduction
Dollars Markets is a broker that has made waves in the finance sector with its offshore operations and wide array of trading products. In addition to trading on Forex, Energy CFDs, and Stock CFDs, their reputation is mixed due to both favorable trading conditions and major regulatory issues. Today's article will cover everything you need to know about Dollar Markets, including their history and background, product offerings, regulatory environment, trading conditions, fees, user experience, and current developments.
There is little direct information available from the official Dollars Markets website. Therefore, most of the information I use to write my analysis relies heavily on independent reviews and industry reports. Potential traders should use caution before trading with Dollars Markets, especially considering the broker's Poor regulatory standing and reported user experiences. The purpose of this blog post is to express a balanced, professional point of view so that you can make informed decisions.
Dollar Markets Background
There is very little available regarding the founding year, the founders, or the headquarters of Dollars Markets. The company operates through two separate offshore entities: Dollars Markets SVG, registered in St. Vincent and the Grenadines, and Dollars Markets MU, which is registered with the Financial Services Commission of Mauritius. Neither of these Entities is particularly open about its Corporate Structure or its background.
Because of the nature of offshore brokers and the common practice of brokers seeking international customers, there is insufficient background information available on Dollars Markets to determine its Stability or long-term corporate governance.
Key Offerings and Features
Dollars Markets offers several Trading Products and account types to appeal to the widest range of traders. The broker currently has two Basic Account Types, Standard and Pro, for traders with varying Trading Volume and Experience levels.
Trading Instruments
Clients of the broker can trade several forex pairs, Energy CFD products such as Brent and WTI Crude Oil, and over 150 Stock CFD products from several of the largest Markets in the World, including the United States, the United Kingdom, and the European Union. This wide selection of Instruments allows traders to build a diversified portfolio of assets.
Educational Resources
Dollars Markets has a Trading blog designed to educate traders on Market Trends, Trading Strategies, and how to use the Trading Platforms. Although this is a useful resource and is an important feature of the broker, it is not well documented in terms of the quality and Depth of Educational Material available.
Regulatory Compliance and Licensing
Regulatory Oversight is one of the most important factors in choosing a broker. Dollars Markets claims to have Regulatory Oversight from the FSC of Mauritius through its Dollars Markets MU entity; however, we did not find any license numbers or verifiable documentation to support this claim. Therefore, we do not know if it is legitimate.
In addition, Dollars MarketsSVG, registered in St. Vincent and the Grenadines, trades without Regulatory Oversight and is blacklisted by the SC of Malaysia. Additionally, Dollars Markets is not authorised by any of the World’s Top-Tier Regulatory Authorities, including the FCA (UK), ASIC (Australia), or the SEC (USA), nor does it accept clients from the USA, Malaysia, Indonesia, or Any Country subject to U.S. OFAC Sanctions.
Entity | Regulator | License Number | Status |
|---|---|---|---|
Dollars Markets MU | Financial Services Commission (Mauritius) | Not Provided | Claimed, Not Verified |
Dollars Markets SVG | None (Unregulated) | N/A | Unregulated |
Malaysia Securities Commission | Regulatory Authority | N/A | Blacklisted |
Trading Conditions and Platform Technology
Dollars Markets offers low entry points and flexible leverage for its traders. The broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as popular trading platforms, available on Desktop, Web, and Mobile Devices. These platforms provide traders with advanced Charting Tools, Technical Indicators, EA (Expert Advisors), and high-speed execution speeds.
Dollars Markets offers trading conditions such as Spreads starting at 0.0 pips, Low Commissions, and the ability to trade with extremely high leverage due to its Offshore status. The broker sets its minimum deposit at $15; however, for traders seeking greater flexibility, it recommends a minimum deposit of $200.
Feature | Details |
|---|---|
Platforms Supported | MT4, MT5 (Desktop, Web, Mobile) |
Spreads | From 0.0 pips |
Leverage | High leverage (offshore-enabled) |
Minimum Deposit | $15 (Recommended $200) |
Execution Speed | Fast execution claimed |
Fee Structure
While exact fee details are not publicly disclosed on the official website, external reviews indicate that Dollars Markets offers a low commission structure. Payment methods include bank transfers, cryptocurrency, and Mastercard. There are no clear indications of deposit, withdrawal, or inactivity fees, which suggests a potentially cost-effective trading environment.
Fee Type | Details |
|---|---|
Deposit Fees | Not Specified / No Fees Reported |
Withdrawal Fees | Not Specified / No Fees Reported |
Commission | Low Commission Structure |
Inactivity Fees | Not Specified |
User Experience and Market Reputation
Dollars Markets' image among Traders and the Financial Services Community is poor; it suffers from numerous complaints about Account Suspensions, Withdrawals, and Poor Client Support, resulting in a low Trust Factor of approximately Two (2) of Five (5) from Traders and Black Lists from some of the Regulatory Authorities.
While the broker offers 24/7 Customer Support via phone, email, or Live Chat, many former customers report receiving poor Service. Additionally, Traders will not have the opportunity to test the Platform or Learn to Trade before risking their Capital.
New Developments
Recently, in September 2024, Dollars Markets was awarded the "Best Trade Execution - Global" Award at the Global Forex Awards, in an effort to further improve its image in the community. In conjunction with this accomplishment, they completed a rebranding, including a New Logo that represents "Innovation and Transparency." Due to the continued controversies that Dollars Markets faced throughout 2025 (including ongoing withdrawals, continued allegations of being a scam, and continued Sanctions), all of the positive momentum created by the previous two statements is overshadowed.
Complicating things even further, there were additional reports linking this broker to illegal gambling activity. For this Reason, Customers should strongly consider all of the concerns associated with using Dollars Markets.
Conclusion
In summary, the Dollar Markets Profile is Inconsistent. On the one hand, they offer a wide array of products, coupled with competitive trading conditions, and use popular platforms (MetaTrader 4 and 5) to operate their trading platform.
On the other hand, from a Regulatory Standpoint, it is clear that there are Significant Risks associated with using this Broker, due to the Lack of Verified Licensing and the Continued Allegations of being a Scam and Blacklisted by Several Jurisdictions.
Individuals interested in performing Trading Services through Dollars Markets should first verify the legitimacy of this Broker Independently, and conduct a Risk Assessment of the various products offered. Dollars Markets is located Offshore, and there is very little Transparency associated with this type of operation. Therefore, the operational structure of Dollars Markets is Highly Risky in the current State of The Financial Services Market.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Dollars Markets. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Dollars Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
2 account types on record. Minimum deposit from USD 15. Leverage up to 1:2000.
2 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Standard | USD 15 | 1:2000 | Not specified |
| Standard | USD 50 | 1:2000 | Not specified |
Deposits & withdrawals
Funding Methods
6 ways to fund an account.
6 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank Wire (SWIFT)Wire TransferProcessing times vary by source; fees inconsistently reported; no official fee schedule available. | Not recorded | Not recorded | USD 15 | Not recordedNot recorded | Up to 1 day |
| VisaCredit Card1 | Not recorded | Not recorded | USD 5 | Not recordedNot recorded | Not recorded |
| MastercardCredit Card1 | Not recorded | Not recorded | USD 5 | Not recordedNot recorded | Not recorded |
| NetellerE-Wallet2 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
| SkrillE-Wallet2 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
| CryptocurrenciesCryptocurrency2 | Not recorded | Not recorded | USD 100 | Not recordedNot recorded | Up to 1 hour |
Broker's notes on these methods
- Withdrawal processing times vary from instant to a few days depending on provider; fees not uniformly disclosed. · applies to 2 methods
- Fees and exact processing times inconsistently reported; no official fee schedule available. · applies to 3 methods
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 4 and MetaTrader 5.
2 platforms
MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
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Websites
Global Domains
3 domains on record. All active and served over HTTPS.
3 domains
Company registry check
Company Registration
The operating company is Dollars Markets Ltd. Registered in Mauritius. Registration number 179703.
Confirmed on licence register
- Legal entity
- Dollars Markets Ltd
- Registration number
- 179703
- Jurisdiction
- Mauritius
- Registry
- Financial Services Commission (Mauritius), Register of Licensees
- Registered address
- 33 Edith Cavell Street, c/o IQ EQ Fund Services (Mauritius) Ltd, Port-Louis 11324, Mauritius
Peer comparison
Brokers worth comparing
3 other brokers on the record share what Dollars Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
Dollars Markets
This recordMauritius · since 2020· Dollars Markets LimitedWikilix score 20.0RegulationNo RegulationMax leverage1:1000Platforms2LicencesNot recordedUltima Markets
Mauritius · since 2016· Ultima Markets (Mauritius) LtdWikilix score 20.0RegulationRegulatedFCAMax leverage1:2000Platforms3Licences3IC
Seychelles · since 2007· IC Markets GlobalWikilix score 20.0RegulationRegulatedFSAMax leverage1:5000Platforms5Licences4Bancara
Comoros· Bancara LTDWikilix score 20.0RegulationOffshoreMISAMax leverage1:200Platforms1Licences4
Frequently Asked Questions
Frequently Asked Questions
Common questions about Dollars Markets
Most Popular Questions
According to the Financial Services Commission regulation, Dollars Markets is prohibited from serving clients in North Korea and other UN-sanctioned countries. The broker covers most countries worldwide with some exceptions. Specific restrictions beyond these are not detailed in the context.
Dollars Markets provides customer support through live chat available during business hours. Other contact details such as phone numbers or email addresses for support are not specified. The broker does not list additional support channels.
Dollars Markets offers a maximum leverage of 1000. This high leverage level allows traders to control larger positions with smaller amounts of capital. Such leverage carries increased risk and is subject to regulatory and broker-specific conditions.
Dollars Markets does not charge commissions on trades according to the provided data. However, specific details about spreads or other fees are not specified in the context. Deposit and withdrawal fees are inconsistently reported and no official fee schedule is available.
Dollars Markets accepts deposits via Bank Wire (SWIFT), Visa, Mastercard, Neteller, Skrill, and Cryptocurrencies. The minimum deposit amounts vary by method, with $15 for bank wire, $5 for credit cards, and $100 for cryptocurrencies. Processing times range from minutes to several days depending on the method.
Dollars Markets provides access to MetaTrader 4 and MetaTrader 5 platforms. Both platforms support desktop use and offer advanced charting, automated trading, and multi-asset trading capabilities. These platforms are developed by MetaQuotes Software Corp.
Dollars Markets Limited holds a retail forex license issued by the Financial Services Commission (FSC) of Mauritius, which is an offshore regulator. The broker is classified as having no onshore regulation and does not provide client fund insurance. According to WIKILIX, the FSC is a tier 3 global regulator with medium transparency.
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