Dragon Capital
Pros and Cons
Pros
- Regulated by CySEC with license number 112/10
- Offers a diverse range of financial instruments including stocks, derivatives, and forex
- Trading platforms: MetaTrader 4 and 5
- Comprehensive investment and custody solutions available
- Established company with over 15 years of operating history
Cons
- Regulated only by CySEC, limiting global oversight
- No demo accounts available for practice trading
- Lack of detailed information on trading platforms
- High withdrawal fees for foreign payments
- Some fees higher than international competitors
Basic Information
User Reviews
Dragon Capital Overview
Dragon Capital (Cyprus) Ltd, established in 2006 and headquartered in Nicosia, Cyprus, is a regulated forex broker under the supervision of the Cyprus Securities and Exchange Commission (CySEC) with license number 112/10. As a licensed investment firm, Dragon Capital offers a variety of services including order execution, trading, and investment advice, ensuring compliance with industry standards and providing a secure trading environment for its clients. The firm has built a reputation for its commitment to regulatory compliance and transparency in its operations, enhancing its credibility in the financial services sector.
Dragon Capital specializes in a diverse array of trading instruments, including forex, stocks, derivatives, and more, catering to a broad spectrum of investment needs. The broker offers advanced trading platforms like MetaTrader 4 and 5, featuring robust tools for technical analysis and charting. Customer support is available 24/5 through multiple channels, ensuring traders receive timely assistance. One of Dragon Capital’s unique advantages lies in its comprehensive investment and custody solutions, combined with competitive fees that align with international standards. This combination of features positions Dragon Capital as an attractive choice for traders seeking a reliable and versatile forex broker.
Is Dragon Capital Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Fund |
Is Dragon Capital Regulated and How Are Client Funds Protected?
Dragon Capital (Cyprus) Ltd is a regulated investment firm operating under the supervision of the Cyprus Securities and Exchange Commission (CySEC) with license number 112/10. This regulatory status ensures that the broker adheres to strict compliance standards aimed at protecting investors. Client funds are safeguarded through the use of segregated accounts, which separate clients’ funds from the broker’s operational capital. Additionally, Dragon Capital is a member of the Investor Compensation Fund, which provides further protection to clients in the event of insolvency. The firm offers a variety of investment services, including trading in financial instruments such as stocks, bonds, and derivatives, reflecting a commitment to client safety and regulatory compliance.
Trading Products and Services
What trading instruments does Dragon Capital offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Dragon Capital offers a diverse range of trading instruments, encompassing various asset categories such as Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to a wide spectrum of traders, from beginners to professionals. For instance, Forex traders can access major currency pairs for quick trades, while long-term investors can build portfolios with stocks and commodities. The inclusion of multiple asset classes not only enhances portfolio diversification but also accommodates different trading strategies, enabling users to adapt their approaches based on market conditions. Overall, the extensive product offering at Dragon Capital underlines its commitment to providing flexible trading solutions that meet the evolving needs of its clients.
Account Types and Trading Conditions
What Account Types and Fees Does Dragon Capital Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Low spreads, easy access to trading tools | Suitable for small-capital practice, no trading volume requirements |
| Professional Account | Experienced traders | Higher leverage, advanced trading features | Requires proof of trading experience and volume qualifications |
| Corporate Account | Corporate clients | Custom services, dedicated account manager | Requires corporate documentation and verification |
| Islamic Account | Traders adhering to Islamic finance principles | Swap-free trading | Must provide proof of adherence to Islamic finance |
| Demo Account | All traders | Practice trading with virtual funds | No minimum deposit required, ideal for beginners |
Account Opening Process
To open an account with Dragon Capital, prospective clients must follow a straightforward process. It begins with the submission of personal information, including full name, date of birth, and contact details. Next, applicants are required to provide employment details and financial information, including income sources and trading experience.
Identity verification is critical, necessitating the submission of a government-issued ID and proof of address, such as a utility bill or bank statement. This ensures compliance with regulatory requirements. Dragon Capital also offers account flexibility, allowing clients to upgrade from a retail to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing for GBP pairs |
| CFDs (Stocks) | 0.2% | $10 per lot | Varied spreads depending on the stock |
| CFDs (Indices) | 0.5% | $5 per lot | Major indices available for trading |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, clients should be aware of other potential costs associated with their accounts. These include deposit and withdrawal fees, which may vary based on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Platform usage fees are typically not charged, but clients should verify this based on their account type. Additionally, overnight interest (swap rates) may be applicable on positions held overnight, and currency conversion fees may be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Dragon Capital Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, Market search, Multiple order types, Price alerts, Technical indicators | Demo account, VPS, API interface |
| MT5 | Windows, macOS, iOS, Android | Encryption, Symbol lookup, One-click trading, Push notifications, Economic calendar | Demo account, VPS, API interface |
| Web Version | Any device with a browser | Biometrics, Market search, Multiple order types, Price alerts | Demo account, VPS |
| Mobile App | iOS, Android | 2FA, Symbol lookup, One-click trading, Push notifications | Demo account |
The MT4 platform is widely recognized for its user-friendly interface and extensive analytical tools, making it suitable for both beginners and experienced traders. MT5 offers advanced features, including support for multiple asset classes, appealing to more sophisticated trading strategies. The mobile app facilitates trading on the go, enabling users to manage their accounts and receive real-time alerts. Dragon Capital prioritizes security with login features such as 2FA and encryption, ensuring safe access to trading accounts. Overall, the platforms support efficient trading operations and provide essential tools for market analysis.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1–2 business days | No platform fee, 0.5% for transfers below €1,000 | Min €50, Max €20,000/day | EUR, USD |
| SPEI | Instant | No fees | Min $500 MXN, Max $100,000 MXN/day | MXN |
| GrabPay | Instant | No platform fee, 2% charge for amounts over $1,000 | Min $10, Max $2,000/day | SGD, MYR |
| Bank Wire Transfer | 3–5 business days | No platform fee, $30 for international wires | Min $100, Max $50,000/day | USD, EUR |
Minimum Deposit
Dragon Capital requires a minimum deposit of $100 for standard accounts. This amount may vary based on the payment method, with e-wallets allowing deposits as low as $10. For VIP accounts, the minimum deposit is $10,000 to qualify for additional benefits.
How to Withdraw
To withdraw funds from your Dragon Capital account, follow these steps:
- Log in to your Dragon Capital account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw and confirm your details.
- Submit your withdrawal request.
- You will receive a confirmation email regarding your withdrawal.
- Funds will be processed according to the selected method’s processing time.
Customer Support
Dragon Capital Customer Support Overview
Support Channels
Dragon Capital offers multiple contact methods for customer support, ensuring that clients can easily reach out for assistance. The primary support channels include:
- Email: Clients can contact support through email at oleksandr.fedorov@dragon-capital.com.
- Live Chat: Quick support is available via live chat on the Dragon Capital website, providing instant assistance.
- Telephone: For immediate help, customers can call +357 25 376 300.
- Social Media: Dragon Capital maintains a presence on various social media platforms for updates and support.
Service Availability
Dragon Capital’s customer support operates 24/5, ensuring assistance is available during all trading hours. The support team is multilingual, offering help in several languages, including English and Russian, to cater to a diverse clientele.
Additional Resources
To enhance the trading experience, Dragon Capital provides various educational resources, including:
- Video tutorials covering trading basics and platform navigation.
- Webinars focused on market trends and investment strategies.
- Regular market analysis to keep clients informed.
- Trading signals to assist in decision-making.
Overall, Dragon Capital is dedicated to providing high-quality support and resources to empower its customers in their trading journey.
Frequently Asked Questions
Yes, Dragon Capital (Cyprus) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 112/10. This regulation ensures that the firm adheres to strict compliance standards aimed at protecting investors.
Dragon Capital offers a range of trading conditions including competitive spreads and access to various financial instruments such as stocks, bonds, derivatives, and forex. Specific trading conditions may vary based on the account type and market conditions.
Dragon Capital implements strict security measures including segregated accounts for client funds, which ensures that client assets are kept separate from the company’s operational funds. Additionally, the firm adheres to all regulatory requirements regarding fund protection.
Dragon Capital offers comprehensive customer support via phone at +357 25 376 300 and email at oleksandr.fedorov@dragon-capital.com. Their team is dedicated to assisting clients with inquiries related to trading, account management, and other services.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.