Company Profile
Company Profile
Review summary
| Douglas Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Hong Kong |
| Regulation | Unregulated |
| Market Instruments | Forex straight pairs/Forex cross pairs/Gold/Silver/Index/Crude oil |
| Demo Account | ❌ |
| Leverage | Up to 1:200 |
| Spread | Tight spreads and deep liquidity |
| Trading Platform | MT5(Web/Desktop/Mobile/Windows) |
| Min Deposit | $1,000 |
| Customer Support | Email: services@douglas-forex.com |
Douglas 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 available | Unregulated |
| Leverage up to 1:200 | Demo account unavailable |
| Various tradable instruments | No 24/7 customer support |
| Inaccessible office website | |
| Unspecific fees/payment information |
Is 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 Platform | Supported | 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 |
| 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 |
