DOYOS Forex Broker

Overview of DOYOS

　　DOYOS Global Ltd is an unregulated company based in Mauritius that has been established for 1-2 years, providing trading opportunities in Forex, Cryptos, Stocks, Indices, and Commodities through the MT5 trading platform. They offer a range of account types, including Classic, Standard, VIP, ECN, ECN PRO, RAW, and an Islamic account type. Each account type varies in terms of minimum deposit requirements, the lowest being $100 and leverage ratios up to 1:500.

　　Their office is located at Shelton Street, Covent Garden, London, United Kingdom. DOYOS Global Ltd supports various deposit and withdrawal methods, including Perfect Money, Bank Transfer, Visa, Mastercard, and Tether. They offer customer support through email and phone (in English). Additionally, the company provides educational content such as Insight Article Page, Economic Newsletter, and DOYOS Forex Academy.

Regulation

　　DOYOS Global Ltd operates without any regulatory oversight and is an unregulated broker. As a result, the company's activities lack supervision from any official regulatory authority. The absence of regulation means that there are no established guidelines or requirements that DOYOS Global Ltd must adhere to in its operations. This lack of oversight may leave investors without the added layer of protection and assurance that is typically provided by regulated brokers. Clients who choose to trade with an unregulated broker should be aware that they are assuming a higher level of risk, as there are no external entities monitoring the broker's practices or ensuring compliance with industry standards.

Pros and Cons

　　DOYOS Global Ltd offers a variety of account types, catering to different trading preferences and capital levels. Traders can choose from Classic, Standard, VIP, ECN, ECN PRO, RAW, and Islamic accounts, each with distinct features and leverage ratios of up to 1:500 for all market instruments. The availability of multiple deposit and withdrawal methods, including Perfect Money, Bank Transfer, Visa, Mastercard, and Tether, provides clients with convenient options for managing their funds. The company also supports the widely-used MT5 trading platform, known for its advanced features and user-friendly interface. Additionally, DOYOS Global Ltd offers educational resources such as Insight Article Page, Economic Newsletter, and DOYOS Forex Academy, which may be beneficial for traders seeking to enhance their knowledge and skills.

　　One of the significant drawbacks of DOYOS Global Ltd is its lack of regulation. As an unregulated broker, the company operates without oversight from any official regulatory authority. This absence of supervision may raise concerns about the level of investor protection and accountability for the broker's practices. Clients who choose to trade with an unregulated broker should carefully consider the higher risks involved, as there are no external entities ensuring compliance with industry standards or safeguarding their interests. Furthermore, while DOYOS Global Ltd provides customer support through email and phone (in English), the absence of additional communication channels like live chat or localized language support may limit accessibility for some clients, potentially affecting the overall customer experience.

Market Instruments

　　The market instruments offered by DOYOS Global Ltd include Forex, Cryptos, Stocks, Indices, and Commodities. Specifcs are as follows:

　　Forex: DOYOS Global Ltd provides access to the foreign exchange market, commonly known as Forex, where traders can buy and sell different currency pairs. For example, traders can speculate on the exchange rate fluctuations between major currency pairs like EURUSD (Euro against US Dollar), AUDUSD (Australian Dollar against US Dollar), and USDJPY (US Dollar against Japanese Yen).

　　Cryptos: Traders can engage in cryptocurrency trading with DOYOS Global Ltd, offering popular digital currencies such as BTC (Bitcoin), ETH (Ethereum), and DOGE (Dogecoin). Cryptocurrencies are decentralized digital assets that use cryptographic technology for secure financial transactions.

　　Stocks: The company allows trading in various stocks, providing investors with the opportunity to trade shares of well-known companies. For instance, traders can buy and sell stocks of companies like AAPL (Apple Inc.), TSLA (Tesla Inc.), and AMD (Advanced Micro Devices Inc.).

　　Indices: DOYOS Global Ltd offers the chance to trade popular stock market indices, which are benchmarks that represent the overall performance of specific groups of stocks. Some examples include Dow 30 (Dow Jones Industrial Average - an index of 30 major US companies), US 100 (NASDAQ-100 Index - representing the performance of the top 100 non-financial companies listed on NASDAQ), and S&P 500 (Standard & Poor's 500 - comprising 500 large US companies).

　　Commodities: Clients can trade commodities such as Metals, Corn, Soybean, and Wheat through DOYOS Global Ltd, allowing participation in the commodities market. Commodities are raw materials or primary agricultural products that are tradable in the market.

　　The following is a table that compares DOYOS Global Ltd to competing brokerages:

Account Types

　　DOYOS offers 6 different account types, including classic, standard, VIP, ECN, ECN PRO, and RAW. All of such accounts are also able to be Islamic Accounts. Specifics are as follows:

　　Classic Account: The Classic Account caters to traders with a minimum deposit requirement of $100, providing leverage of up to 1:100. Scalping is not allowed, and the account offers 24/7 customer support. Traders can use the MT5 trading platform for trading Forex, Cryptos, Stocks, Indices, and Commodities.

　　Standard Account: With a minimum deposit of $10,000, the Standard Account offers leverage of up to 1:50. It comes with 24/7 customer support and does not permit scalping. Traders can access the MT5 trading platform for trading various instruments.

　　VIP Account: The VIP Account requires a substantial minimum deposit of $100,000, offering more favorable leverage of up to 1:30. Like other accounts, scalping is restricted, and traders receive 24/7 customer support. The MT5 trading platform is available for trading.

　　ECN Account: Aimed at institutional and professional traders, the ECN Account demands a minimum deposit of $1,000,000. It offers leverage of up to 1:20 and dedicated 24/7 customer support through a Relationship Manager. Scalping is not allowed, and the MT5 trading platform is used.

　　ECN PRO Account: Designed for elite traders, the ECN PRO Account requires a substantial minimum deposit of $5,000,000. It provides the highest leverage of up to 1:10 and offers dedicated 24/7 customer support through a Relationship Manager. Scalping is restricted, and the MT5 trading platform is available.

　　RAW Account: The RAW Account is designed for corporate investors, with a minimum deposit of $10,000,000. It offers unique features with leverage of up to 1:5 and dedicated 24/7 customer support through a Relationship Manager. Scalping is not allowed, and it supports the MT5 trading platform.

　　Islamic Account: In addition to the standard account types, DOYOS Global Ltd offers the Islamic Account type option for each of the account available, which is suitable for clients seeking Sharia-compliant trading and therefore have no swap costs.

　　The specifics of the account types are as follows:

　　Scalping Account Types

　　DOYOS Global Ltd offers several Scalping Accounts (RAW C-5, RAW C-4, and RAW C-3), designed for traders who prefer the scalping trading strategy. Scalping is a trading strategy characterized by making multiple trades throughout the day to capitalize on small price movements. Traders who use scalping accounts aim to generate profits by quickly entering and exiting positions, often within seconds or minutes, rather than holding positions for an extended period. Specifics of these account types are as follows:

　　RAW C-5 Scalping Account: The RAW C-5 account type is designed for traders who prefer scalping as their trading strategy. With a minimum deposit of $5,000, traders can access a RAW spread and pay a commission of $5 each side per Lot. Leverage of up to 1:10 and the account supports 24/7 customer support through email are provided for each type of proceeding account type.

　　RAW C-4 Scalping Account: The RAW C-4 account is suitable for traders who prefer scalping as their trading approach. Traders need a minimum deposit of $50,000 to open this account, and they receive a RAW spread and pay a commission of $4 each side per Lot.

　　RAW C-3 Scalping Account: The RAW C-3 account caters to traders who prefer scalping strategies. With a minimum deposit of $500,000, traders can access a RAW spread and pay a commission of $3 each side per Lot.

How to open an account？

1. 　　First, the user should navigate to the top right side of the page and find the “Create Account” button located next to the “Login” button.

2. 　　Next, general information about the user needs to be filled out to create an account. This includes a full name with a valid email address.

3. 　　If the user has an Affliate Code, this is the place to input it.

4. 　　After inputting the user information, the user needs to input a valid phone number, country and city of residency.

5. 　　After this, the phone number will be sent a text message, which will include a verification code that should be input into the last section.

6. 　　Press the “Signup Now” button at the bottom of the page to continue to the Account Type selection page to finish the account creation process.

Minimum Deposit

　　DOYOS Global Ltd offers a diverse range of minimum deposit rates for its account types, ensuring accessibility to traders with various capital levels. The Classic Account requires a minimum deposit of $100, while the Standard Account demands $10,000. For more exclusive features, the VIP Account sets the minimum deposit at $100,000. The ECN Account necessitates a substantial deposit of $1,000,000, and the ECN PRO Account raises it to $5,000,000. For corporate investors, the RAW Account sets the minimum deposit at $10,000,000.

Leverage

　　DOYOS Global Ltd offers a range of leverage options for its account types, providing traders with the opportunity to select leverage ratios that suit their risk appetite and trading strategies. The leverage ratios start from 1:100 for the Classic Account and go up to 1:5 for the RAW Account. The VIP Account offers leverage of up to 1:30, while the ECN and ECN PRO Accounts provide leverage of up to 1:20 and 1:10, respectively. Additionally, the company offers a maximum leverage of 1:500 for all market instruments in the Islamic Account. It's important for traders to carefully consider their leverage choices as it can significantly impact the level of risk and potential returns in their trading activities.

　　Table comparing maximum leverage:

Deposit & Withdrawal

　　DOYOS Global Ltd offers a selection of deposit and withdrawal methods to facilitate efficient financial transactions for its clients. The available methods include Perfect Money, Bank Transfer, Visa, Mastercard, and Tether. The specifics of each type are explained below.

　　Perfect Money: DOYOS Global Ltd supports Perfect Money as one of the deposit and withdrawal methods. Perfect Money is a widely used online payment system that offers a secure and convenient way for traders to transfer funds to and from their trading accounts.

　　Bank Transfer: Traders can utilize Bank Transfer as a deposit and withdrawal method with DOYOS Global Ltd. Bank Transfer provides a traditional option for transferring funds, allowing traders to securely move money between their bank accounts and trading accounts.

　　Visa and Mastercard: DOYOS Global Ltd accepts Visa and Mastercard as payment options, providing clients with the ease of using card payments like debit or credit for deposits and withdrawals.

　　Tether: The company supports Tether, a popular cryptocurrency, as a deposit and withdrawal method. Tether allows clients to use digital assets for their financial transactions, providing an alternative way to fund their trading accounts.

Trading Platforms

　　DOYOS Global Ltd offers the MT5 trading platform for all its account types. MetaTrader 5 (MT5) is a popular and advanced trading platform that provides a wide range of features and tools for traders. With MT5, traders can access real-time market data, execute trades, use technical indicators, and implement automated trading strategies.

　　Comparison of Trading Platforms to Competitors:

Customer Support

　　DOYOS Global Ltd offers multiple customer support options, including email support and phone support in English. Additionally, ECN and ECN PRO account holders benefit from dedicated Relationship Manager support, and all clients receive 24/7 assistance.

　　Email Support: Traders can reach customer support through email at contact@doyos.com. This option allows clients to send inquiries and receive responses via email for various account-related queries or assistance.

　　Phone Support (English): DOYOS Global Ltd offers phone support in English, and traders can reach customer support at +971 551153124. This channel provides direct communication with support representatives to address urgent issues or concerns.

　　Relationship Manager Support: For ECN and ECN PRO account holders, dedicated Relationship Manager support is available. Traders can contact their assigned Relationship Manager for personalized assistance and priority support.

Educational Resources

　　DOYOS Global Ltd provides diverse educational content for traders, including an Insight Article Page, an Economic Newsletter, and a DOYOS Forex Academy.

　　Insight Article Page: DOYOS Global Ltd provides an Insight Article Page as part of its educational content. Traders can access articles that offer valuable insights and analysis on various financial markets and trading strategies.

　　Economic Newsletter: The company offers an Economic Newsletter to keep traders updated with the latest economic news and events that may impact the financial markets. This newsletter can be a helpful resource for making informed trading decisions.

　　DOYOS Forex Academy: DOYOS Global Ltd offers the DOYOS Forex Academy, which is available for purchase. This educational resource likely provides comprehensive courses and materials to help traders enhance their knowledge and skills in Forex trading. This content includes video tutorials, webinars, trading forums, and trading guides for a comprehensive coverage of trading concepts.

Conclusion

　　DOYOS Global Ltd is an unregulated brokerage company which offers market access to Forex, Cryptos, Stocks, Indices, and Commodities, allowing traders to explore various financial instruments. It offers a variety of account types, including Classic, Standard, VIP, ECN, ECN PRO, and RAW, accommodating traders with different preferences and capital levels as well as an Islamic option for each of said accounts. Each account type comes with specific features such as leverage ratios, minimum deposits, and customer support options.

　　The trading platform offered for all accounts is the popular MT5 platform, providing traders with advanced tools for efficient trading. Clients can fund their accounts and withdraw funds through multiple methods, including Perfect Money, Bank Transfer, Visa, Mastercard, and Tether. It should be noted, that as an unregulated broker, DOYOS does no necessarily abide by any regulatory laws, and therefore traders are potentially at risk from a lack of the protection regulations bring.

FAQs

　　Q: What types of accounts does DOYOS Global Ltd offer？

　　A: DOYOS Global Ltd provides various account types, including Classic, Standard, VIP, ECN, ECN PRO, and RAW.

　　Q: What trading platform is available for clients？

　　A: The trading platform offered by DOYOS Global Ltd is MetaTrader 5 (MT5).

　　Q: How can traders contact customer support？

　　A: Traders can reach customer support through email, phone (English), and Relationship Manager support.

　　Q: What market instruments can clients trade？

　　A: DOYOS Global Ltd offers trading opportunities in Forex, Cryptos, Stocks, Indices, and Commodities.

　　Q: Does the company offer educational resources？

　　A: Yes, DOYOS Global Ltd provides educational content such as an Insight Article Page, Economic Newsletter, and a DOYOS Forex Academy (purchased).

　　Q: Is DOYOS Global Ltd regulated？

　　A: No, DOYOS Global Ltd is an unregulated brokerage company.