Dragon Capital
Basic Information
Pros and Cons
Pros
- Regulated by CySEC
- Offers a wide range of financial instruments
- Comprehensive investment solutions
- Nearly 20 years of operational experience
Cons
- Mixed reputation regarding withdrawals
- High fees for certain services
- No demo accounts available
- Customer support response times vary
Is Dragon Capital Safe and Legit?
Dragon Capital (Cyprus) Limited is registered in Cyprus since 2006, with nearly 20 years of operational experience. The broker offers a range of investment services, including trading in stocks, derivatives, and forex, with leverage options and competitive spreads on platforms such as MT4 and MT5.
Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 112/10, Dragon Capital is considered a legal entity operating within its jurisdiction, ensuring a level of safety for its clients.
In the market, Dragon Capital has a mixed reputation; while some users praise the professionalism and market knowledge of customer service, others report issues with withdrawal processes and transparency. Complaints about high fees for certain services have also been noted, indicating areas for improvement in user satisfaction.
Is Dragon Capital a Regulated Broker?
What Are the Regulatory Licenses Held by Dragon Capital?
Dragon Capital (Cyprus) Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 112/10. This regulatory framework provides a level of assurance to clients, as the broker operates within a recognized jurisdiction. Dragon Capital holds a legitimate license that is aligned with mainstream regulatory standards, ensuring compliance with the necessary legal requirements to offer investment services. Clients can feel secure knowing that the broker adheres to the regulations set forth by CySEC.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Dragon Capital (Cyprus) Limited prioritizes the security of client funds by holding them in independently regulated bank accounts, separate from the broker’s own assets. This practice is in accordance with the rules set forth by the Cyprus Securities and Exchange Commission (CySEC) to ensure proper fund segregation and client protection.
Dragon Capital Leverage
Dragon Capital offers competitive leverage options tailored to different account types, specifically standard and professional accounts. The broker adheres to the maximum leverage limits mandated by CySEC, ensuring compliance with local regulatory requirements while providing services to both retail and professional clients.
Dragon Capital Withdrawal Review
How to Contact Dragon Capital?
Does Dragon Capital Have Withdrawal Issues?
Dragon Capital has received a mixed volume of complaints, with a notable focus on withdrawal issues. Some users have reported difficulties in the withdrawal process, indicating a need for improvement. Complaints primarily stem from credible sources, including online forums and review platforms. The broker has been noted for its customer service response times, though they may vary. While there are reports of repetitive concerns regarding withdrawals, there is no indication of regulatory penalties or warnings linked to these issues. Overall, there are areas for improvement, but no significant public complaints have been documented.
Frequently Asked Questions
A1: Yes, Dragon Capital (Cyprus) Limited is a legitimate broker, regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 112/10. This regulatory oversight provides assurance to clients regarding the broker’s compliance with legal standards and operational integrity.
A2: Dragon Capital prioritizes the security of client funds by holding them in independently regulated bank accounts that are separate from the broker’s own assets. This practice is in line with CySEC regulations, ensuring proper fund segregation and client protection.
A3: Some users have reported difficulties with the withdrawal process at Dragon Capital, indicating a need for improvement in this area. While there are complaints regarding withdrawals, there is no evidence of regulatory penalties associated with these issues.
A4: Clients can contact Dragon Capital for support by phone at +357 25 376 300 or via email at oleksandr.fedorov@dragon-capital.com. It is advisable to check their official website for additional contact information and resources.
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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.