Douglas Spreads, leverage, minimum deposit Revealed

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

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.

Account Type

　　Douglas has three account types: standard account, professional account, and 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.

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.