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FAQ

The Trading Platform

Is Domino Forex licensed and regulated?

Domino Forex is a fully licensed and regulated forex and CFD’s broker, regulated under the Malta Financial Services Authority (MFSA) Category 3 Investment Services Licence Number IS/59946. As Malta is a member of the EU, Domino Forex is in complete compliance with the European Markets in Financial Instruments Directive (MiFID) and is authorized to offer financial services throughout the European Union.

Licensing and regulation are important when selecting a broker because the protections they afford are critical to ensuring the privacy and security of your trading account.

 

I have no prior experience. Is Domino Forex the right platform for me?

Whether you are a novice or an experienced forex trader, Domino Forex offers an online trading experience suited to your needs. Our team offers 24 hour a day expert multi-language support to help new traders every step of the way, and a robust platform packed with the sophisticated charts and tools to meet the requirements of professional traders.

 

When can I make a trade at Domino Forex?

At Domino Forex, you can trade the global forex market 24 hours a day 5 days a week. Take advantage of market activity from when the Asian markets open on Sunday at 21:00 GMT to when the US market closes on Friday at 21:00 GMT.

 

What instruments can I trade on the Domino Forex platform?

On the Domino Forex platform you can trade a vast array of instruments, including currency pairs, precious metals, energy commodities, agricultural commodities and currency futures.

 

What leverage does Domino Forex offer?

Domino Forex offers flexible leverage ranging from 50:1 to 500:1 on a broad selection of financial instruments.

 

Does Domino Forex use margin calls?

The Domino Forex margin call is set at 100%.

 A margin call is an alert from the platform, warning you that your account does not have the required equity. At Domino Forex, you will be alerted when your margin reaches 100%. This means that the balance in your account equals 100% of your margin, and therefore no further trades can be opened until additional funds have been deposited.


Does Domino Forex use a stop out level?

The Domino Forex stop out level is set at 20%. This means that if your account balance has dropped to 20% of your margin, then Domino Forex will automatically start to close your open trades, beginning with the least profitable position. This process will continue, until the margin level requirement of at least 20% has been reached again.

The stop out level serves to lessen the risk of your account incurring losses that result in a negative balance.

 

My Account

How do I open a trading account?

The process of opening a trading account with Domino Forex is simple. To register, just fill out the brief form in the open an account page. When you have created your account you then need to email, or fax us your verification documents to complete the registration process. Once your documents have been approved, you can deposit funds and start trading immediately.

 

What is the minimum deposit amount required to open an account?

The minimum first time deposit amount is $/€/£ 50

 

How do I make a deposit?

Depositing funds with Domino Forex, is safe and simple.  You can choose from a wide selection of payment methods, including credit card, debit card, wire transfer, and web money, in addition to a range of local payment methods.

To see the full list of ways you can make a deposit, please view our payment methods page.

 

How do I make a withdrawal?

Withdrawing funds from your Domino Forex account is fast, safe and seamless. Once your withdrawal request has been approved, your funds will be sent via wire transfer to the account from which they were originally debited.

 

What conditions do I need to meet in order to withdraw my bonus?

To withdraw your bonus, you need to execute a minimum trading volume of $/€/£ 100,000 for every $/€/£ 1 bonus amount. For example, if you received a $100 bonus, you would be required to have a minimum trading volume of $10,000,000 in order to withdraw your bonus. Please note that you can withdraw funds from your account without having met the minimum trading volume; however, by doing so, you forfeit your bonus.

 

At the end of the trading day, what happens to my open positions?

At the end of each trading day all open positions are swapped, or rolled over to the next business day. A debit or credit is then charged or awarded to your account based on the difference in interest rate between the two currencies involved in the trade.

 

 

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Risk Warning: Forex and CFDs are leveraged products. Forex and CFD Trading is highly speculative and carries a high level of risk that may not be suitable for all type of investors. You may go to Risk Warning Page for detailed information. Trading on margin and leveraged products increase your exposure to risk. You may potentially lose some or all of your investment.

Disclaimer: Any information contained above is provided for general information purposes only and does not constitute and shall not be deemed to constitute advice or an offer or solicitation. Such information and any opinion expressed therein reflects and represents the views of Domino Europe Ltd at the time of writing and, accordingly, may be subject to change without notice and cannot be relied on to any extent by any person seeking to execute any transaction or as a basis for any investment decision. Such information has been prepared without regard to the specific investment objectives, financial situation and requirements of any particular person. Whilst we believe that the information contained herein was accurate at the time of writing, we do not guarantee such accuracy or, for that matter, completeness in addition, we do not assume any liability for any direct, indirect or consequential loss that may result from the use by any person of any such information contained herein. Translations of the Website/Agreement and /or any other documents pertaining to the Services are made available by Domino Fore Ltd for the customer’s convenience. In the event of any conflict and/ or discrepancy whatsoever between the original English text and any translation thereof, and for any international purposes, the English version shall prevail.

Domino Forex is the trade name of Domino Europe Ltd. A limited Liability Company registered in Malta C59946 and licenced under the MFSA Category 3 Investment Services Licence Number IS/59946
Apartment 12, Regent House, Bisazza Street Sliema SLM 1640 MALTA
Phone: +356 274 00 577-8     Fax: +356 274 00 579     E-mail: forex@dominoforex.com

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