Douglas Forex Broker

Douglas Review Summary Founded2-5 years Registered Country/RegionHong Kong RegulationUnregulated Market InstrumentsForex straight pairs/Forex cross pairs/Gold/Silver/Index/Crude oil Demo Account❌ LeverageUp to 1:200 SpreadTight spreads and deep liquidity Trading PlatformMT5(Web/Desktop/Mobile/Windows) Min Deposit$1,000 Customer SupportEmail: services@douglas-forex.comDouglas Information Douglas is a broker. The tradable instruments with a maximum leverage of 1:200 include forex straight pairs, forex cross pairs, gold, silver, index, and crude oil. The broker also provides three accounts, including standard accounts, professional accounts, and IB accounts. The minimum deposit is $1,000. Douglas is still risky due to its unregulated status.Pros and Cons Pros Cons MT5 availableUnregulated Leverage up to 1:200Demo account unavailable Various tradable instrumentsNo 24/7 customer support Inaccessible office website Unspecific fees/payment informationIs Douglas Legit? Douglas is not regulated, making it less safe than regulated brokers.What Can I Trade on Douglas? Traders can choose different investment directions because the broker provides traders with access to forex straight pairs, forex cross pairs, gold, silver, index, and crude oil. Tradable Instruments Supported Forex straight pairs✔ Forex cross pairs✔ Gold✔ Silver✔ Index✔ Crude oil✔ Shares❌ Cryptocurrencies❌ Precious Metals❌ Stocks❌ ETFs❌ Bonds❌ Mutual Funds❌Account Type Douglas has three account types: standard account, professional account, and IB account. Account Type Supported Standard Account✔ Professional Account✔ IB Account✔Leverage The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.Trading Platform Douglas has an authoritative MT5 trading platform available inWeb, Desktop, Windows, and Mobile(iOS&Android)versions. Traders with rich experience are more suitable for using MT5. Trading PlatformSupported Available Devices MT5✔Web/Desktop/Windows/Mobile(iOS&Android)Deposit and Withdrawal The minimum deposit is $1,000. Deposit and withdrawal can be made via bank transfer, and the cooperating banks include UBS, Goldman Sachs, DNP PARIBAS, CREDIT SUISSE, BARCLAYS, and J.P. Morgan.Customer Support Options Traders can communicate via email. However, more efficient contact methods such as phone calls and online chats are not provided. Besides, specific customer support schedules are unclear. Contact Options Details Email services@douglas-forex.com Supported Language English/Chinese Website Language English/Chinese Physical Address UNIT NO.A222,3F,HANG FUNG INDUSTRIAL BUILDING,PHASE2,NO.2G HOK YUEN STREET,HUNGHOM,HK