DMA Capitals Forex Broker

DMA CapitalsReview SummaryFounded2021Registered Country/RegionSaint LuciaRegulationNo regulationMarket InstrumentsForex, Commodities, Indices, Stocks and CryptosDemo Account✅LeverageUp to 1:500SpreadFrom 0.2 pips (Executive Account, Corporate Account)From 0.3 pips (Standard Account)Trading PlatformMT5, web traderMinimum Deposit$10Copy Trading✅Customer SupportContact form, live chatTel: +971 (438) 84268 (9 AM - 5 PM, Monday - Friday)Email: support@dmacapitals.comAddress: Office Number 202, Blue Tower, Sheikh Zayed Road, U.A.E.Social media: Instagram, YouTube, Twitter, FacebookRegional RestrictionsCanada, China, Labuan, Romania, Singapore, the United States DMA Capitals was registered in 2021 in Saint Lucia, specializing in forex, commodities, indices, stocks, and crypto markets. It provides three types of account, with a minimum deposit of $10 and a maximum leverage of 1:500. Besides, it also offers copy trading services. However, this company is not regulated and it does not provide services to certain regions.Pros and ConsPros Cons Low minimum depositLack of regulationMT5 supportedRegional restrictionsMultiple channels for customer supportNo commission feesDemo accounts availableCopy trading offeredTight spreadsIs DMA Capitals Legit? No, DMA Capitals is not regulated by financial regulatory authorities in Saint Lucia, which means the company lacks regulation from its registration site. Therefore, please be aware of the potential risks!What Can I Trade on DMA Capitals? DMA Capitals provides several types of products, including forex, commodities, indices, stocks, and cryptos.Tradable Instruments Supported Forex✔Commodities✔Indices✔Stocks✔Cryptos✔Bonds❌Options❌ETFs❌Futures❌Account Type & Fees DMA Capitals offers three types of accounts: Standard Account, Executive Account, and Corporate Account. Besides, it does not charge any commission fees and it offers demo accounts.Account TypeMinimum DepositMaximum LeverageSpreadCommissionStandard Account$101:500From 0.3 pips❌Executive Account$5001:500From 0.2 pips❌Corporate Account$1,0001:500From 0.2 pips❌Leverage The leverage can be up to 1:500, which is not low. Careful considerations are recommended, since high leverage is likely to bring high potential risks.Trading Platform DMA Capitals uses MT5 and web trader as its trading platforms. MT5 is a commonly used trading platform, and it is suitable for experienced traders. However, web traders are likely to be unstable, and traders need to be aware of the risks.Trading PlatformSupported Available Devices Suitable forMT5✔PC, web, mobile, macExperienced tradersWeb Trader✔web/MT4❌/BeginnersCopy Trading DMA Capitals provides a copy trading platform, which enables clients to follow top traders and learn from their trading strategies.Deposit and Withdrawal DMA Capitals supports several types of payment options, including Tether, Perfect Money, wire transfer, and bitcoin. However, other details such as the accepted currencies, commission fees, and the processing time are not clear.