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For more information about Doo Clearing Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Competitive rebate program that can lower trading costs.
Offers a variety of trading instruments including forex, commodities, and precious metals.
Regulated by the UK FCA, providing a level of security for client funds.

Cons

Low overall user rating of 2.6 out of 5, indicating potential issues with customer satisfaction.
Limited customer support options, which may affect traders needing assistance.
Lack of advanced trading features compared to other brokers, which may not meet the needs of experienced traders.

Doo Clearing Company

Doo Clearing Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Doo Clearing Limited was established in 2014 as part of the Doo Group, a financial technology organization dedicated to providing innovative financial services. The company was founded to cater to the growing demand for liquidity access and clearing services in the forex and CFD markets.

Parent Company/Ownership Structure

Doo Clearing Limited operates under the Doo Group, which encompasses various regulated entities across multiple jurisdictions. The Doo Group is structured to provide a diverse range of financial services, leveraging its extensive technological capabilities.

Headquarters Location

The headquarters of Doo Clearing Limited is located at Berkeley Suite, 35 Berkeley Square, Mayfair, London, England, W1J 5BF. This strategic location positions the company within one of the world's leading financial hubs.

Global Business Scope

Doo Clearing has a global presence, providing services to clients in various regions, including Europe, Asia, and North America. The company aims to build a comprehensive financial ecosystem, serving over 200,000 clients worldwide.

Main Regulatory Bodies

Doo Clearing Limited is regulated by several key authorities, including:

  • Financial Conduct Authority (FCA) in the United Kingdom
  • Securities and Exchange Commission (SEC) in the United States
  • Financial Industry Regulatory Authority (FINRA)
  • Mauritius Financial Services Commission
  • Vanuatu Financial Services Commission

2. Company History and Development

Key Milestones

Since its inception in 2014, Doo Clearing has achieved several significant milestones:

  • 2014: Establishment of Doo Group and launch of Doo Clearing.
  • 2016: Received regulatory approval from the FCA in the UK.
  • 2018: Expanded services to Mauritius and Vanuatu, obtaining necessary licenses.
  • 2020: Acquired Peter Elish Investments Securities, enhancing its brokerage capabilities.

Business Expansion Journey

Doo Clearing has systematically expanded its operations by establishing offices in key financial centers, including Hong Kong, Singapore, and Australia. This expansion has allowed the company to enhance its service offerings and reach a broader client base.

Customer Base Growth

The company has experienced significant growth in its customer base, reaching over 200,000 clients globally. This growth can be attributed to its commitment to providing high-quality liquidity access and exceptional customer service.

Platform Development History

Doo Clearing has continuously invested in technology to improve its trading platforms. The company offers MetaTrader 4 and MetaTrader 5 platforms, providing clients with robust trading tools and resources.

Important Awards or Recognitions Received

While specific awards are not detailed, Doo Clearing has been recognized within the industry for its innovative approach to liquidity provision and customer service.

3. Trading Services Offered

Forex Trading Options

Doo Clearing offers a comprehensive range of forex trading options, providing access to over 50 currency pairs. This extensive selection allows traders to diversify their portfolios and capitalize on global market movements.

Stock Trading Options

The company facilitates stock trading through its regulated entities, enabling clients to invest in a wide array of equities from various global markets.

CFD Trading Products

Doo Clearing provides a diverse range of Contracts for Difference (CFDs), allowing clients to trade on various underlying assets, including indices, commodities, and cryptocurrencies.

Other Financial Instruments

In addition to forex and CFDs, Doo Clearing offers trading in commodities and cryptocurrencies. This broad spectrum of financial instruments caters to the diverse needs of its clients.

Special Services or Unique Advantages

Doo Clearing distinguishes itself by offering tailored prime brokerage liquidity solutions. The company provides direct market access (DMA), a client and back office management system, and professional technical support, enhancing the trading experience for its clients.

Detailed Regulatory Information

Doo Clearing is regulated by multiple authorities, ensuring compliance with local and international laws:

  • United Kingdom: Financial Conduct Authority (FCA)
  • United States: Securities and Exchange Commission (SEC) and FINRA
  • Mauritius: Financial Services Commission (FSC)
  • Vanuatu: Financial Services Commission (FSC)

Doo Clearing operates through various legal entities, each regulated by the relevant authorities in their respective jurisdictions. This structure allows the company to provide localized services while maintaining compliance with international standards.

Client Fund Protection Measures

Doo Clearing prioritizes client fund protection by adhering to strict regulatory requirements. Client funds are held in segregated accounts, ensuring they are protected from operational risks.

Countries/Regions Served

Doo Clearing serves clients globally, with specific restrictions on certain jurisdictions where services may not be available, including the United States, Canada, and several countries under international sanctions.

Compliance History

The company maintains a strong compliance history, regularly undergoing audits and assessments by regulatory bodies to ensure adherence to financial regulations and standards.

5. Competitive Landscape

3-5 Main Competitors

Doo Clearing faces competition from several key players in the financial services industry, including:

  • IG Group: A leading online trading platform offering a wide range of trading options.
  • OANDA: Known for its forex trading services and robust trading platforms.
  • FXCM: A global online forex and CFD broker providing diverse trading solutions.

Positioning in the Industry

Doo Clearing positions itself as a premier liquidity provider and clearing broker, focusing on high-quality service and technological innovation. The company's commitment to customer success differentiates it from competitors.

Market Differentiation Factors

Doo Clearing's unique advantages include its comprehensive liquidity solutions, advanced trading platforms, and strong regulatory framework. The company's focus on technology and customer service further enhances its market position.

For more information on Doo Clearing Company and its offerings, please visit Doo Clearing.

If you have further questions or would like to explore specific services, feel free to reach out through their official website.

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