DNA Markets Review

Unique Selling Points

1. IB/Affiliate Program: DNA Markets offers global clients a competitive commission model for its IB/Affiliate program, tailored to individual needs. There are zero sign-up fees, and setting up is a straightforward process. Affiliates can start marketing immediately with their referral link and receive highly competitive, volume-based payments. Multiple payment options are available for convenient access to earned commissions. Affiliates can monitor their referral commissions in real-time and benefit from 24/5 multilingual partner support.

2. Fast Execution Spreads: The platform prioritizes efficiency and transparency, providing users with a seamless and user-friendly trading experience. Traders can expect extremely fast and reliable trade execution, enabling them to capitalize promptly on market opportunities.

3. Exceptional Support: DNA Markets is dedicated to delivering top-notch customer support, evident from numerous positive reviews praising this aspect of the brokerage firm. Clients have various means to connect with support, and the team demonstrates technical proficiency in assisting clients with issue resolution.

4. Signal Start: Signal Start offers global clients the ability to select from a list of signal providers ranked by a proprietary formula based on consistency and return-to-risk ratio. It offers a turnkey solution for signal providers and followers, featuring trade copying technology, industry-standard account analytics, a multi-broker platform, and a user-friendly interface. New Global subscribers can enjoy three months of free subscriptions, saving up to $300. Gain access to professional signal providers and explore their percentage gains, drawdowns, profits, advanced statistics, and activity analysis.

Introduction

DNA Markets, founded in June 2023, operates as a forex and CFD broker.  It's a trading name of Focus Markets Pty Ltd and is regulated by the Australian Securities and Investment Commission. Focus Markets Pty Ltd trading as DNA Markets also has a license with St Vincent and Grenadines for global clients.

With over 250 markets available, DNA Markets offers standard accounts that are probably the most beginner friendly and raw accounts are generally used by experienced traders.. All traders can utilize the MetaTrader 4 and MetaTrader 5 platforms, and for global clients they also have access to Signal Start.  DNA Markets also provides a decent range of financial instruments besides being a trading platform. Forex, shares, commodities, indices, and cryptocurrencies are all tradable across MT4 and MT5 platforms.

According to its mission statement, this forex broker claims to be more than just a place to trade; it's a gateway to the world's leading financial markets. With expert support, fast execution, and competitive spreads, DNA Markets ensures a comprehensive trading experience.

Navigating the DNA Markets interface is simple: investors search for their desired asset and enter order details like price or volume. Orders are then submitted and filled based on current market conditions. This review discusses the features of DNA Markets, highlighting its uniqueness among other brokers.

Supported Countries

DNA Markets is a global CFD forex broker that extends a warm welcome to clients from diverse countries. Please be aware that the list of accepted countries may undergo updates periodically. To obtain the most up-to-date information, we recommend reaching out to DNA Markets directly for further details.

Customer Service Rating

DNA Markets maintains a presence on Trustpilot, a well-known review platform. With 14 Reviews garnered so far, it holds a TrustScore of Great, boasting a 4.2-star rating out of 5. Numerous reviewers lauded the platform for its satisfactory Customer experience, noting prompt responses to inquiries and a smooth withdrawal process.

Users found the account creation process hassle-free, and many praised the competitive spreads and commissions offered by DNA Markets, along with the professionalism and expertise demonstrated by its team.

However, not all feedback was positive. One reviewer expressed dissatisfaction with the slow response times via email support, citing delays or, in some cases, no response.

DNA Markets Trading Platforms

DNA Markets Broker provides its clients with two powerful trading platforms: the widely used MT4 trading platform and the more advanced option, MT5.

• MetaTrader 4 (MT4): This platform caters to beginners and experienced traders, offering an easy-to-use interface. It includes a comprehensive charting package with various indicators and allows users to customize chart layouts to suit their preferences. MT4 also supports Expert Advisor (EA) strategies for automated order placements, including integrating EA signals for auto trading. Traders can set up three layers of bracket orders and utilize the One-Cancels-the-Other (OCO) capability to manage profit and loss objectives. The platform supports market, limit, and stop orders and is accessible on iPhones, iPads, and Android devices.
• MetaTrader 5 (MT5): This platform builds upon MT4's foundation, retaining its functionality while introducing new features such as global stocks, additional chart timeframes, various order types, more technical indicators, and depth of market (DOM) Level II pricing. MT5 offers 21 different trading timeframes and various technical indicators for flexible trading system design. Forex traders can combine trading robots and technical analysis to execute strategies effectively, even during market news events. MT5 provides access to additional analysis tools, hedging capabilities, partial order filling, more order types, and full level 2 market depth.

Type of Trading Accounts on DNA Markets

DNA Markets, a forex brokerage firm, offers clients the choice between two account types and a demo account, allowing them to select a trading environment that suits their needs.

• Demo Account: The Demo Account provides a risk-free environment for clients to practice using MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It's ideal for beginners getting acquainted with the platforms and experienced traders testing new strategies. DNA Markets offers 5 demo accounts, not unlimited, however they can reset demo accounts for clients should they need it
• Standard Account: For most beginners, the Standard Account is often preferred. It features competitive spreads starting from 1.0 pips on popular forex pairs and no commissions, simplifying pricing for those new to trading. With a minimum deposit requirement of USD 100, clients can start trading with trade sizes from 0.01 lots. The Standard Account also supports Expert Advisors (EAs).
• Raw Account: Conversely, the Raw Account caters to more experienced traders. It offers tight spreads from 0.0 pips and low commissions from $3 per side. Like the Standard Account, it requires a minimum deposit of USD 100 and supports trade sizes from 0.01 lots. Margin Call and Stop Out Levels are 100% and 50%, respectively. Day traders interested in employing sophisticated strategies and setups will appreciate that scalping and Expert Advisors (EAs) are permitted on this account type.

Trading Denominations on DNA Markets

DNA Markets offers accounts denominated in various currencies, making it accessible to a wide range of clients worldwide. Clients can choose from currencies, including AUD, USD, EUR, GBP, NZD, CAD, and SGD, for their trading accounts. This feature allows clients to operate in their preferred currency, enhancing convenience.

While DNA Markets provides this currency flexibility, it's worth noting that some platforms offer even more account-based currencies, exceeding 12 options. However, DNA Markets' selection still provides ample choice for traders seeking a suitable trading environment.

Company Structure

DNA Markets is a forex trading platform that strongly focuses on client satisfaction. Established in June 2023 and headquartered in Australia, DNA Markets also maintains offices in various countries, including Bulgaria and the Philippines.

Operating as a trading name and registered business name of Focus Markets Pty Ltd (ABN 96 167 517 544), which is regulated by the Australian Securities and Investments Commission (AFSL 514425). Focus Markets LLC registered with Saint Vincent and the Grenadines (number 356 LLC 2020)

The platform enables clients to trade CFDs in Forex, Shares, Commodities, Indices, and Cryptocurrencies across its MT4 and MT5 platforms.  DNA Markets has made a notable entry into the forex CFD market with its user-friendly interface. While the broker's website is initially in English, it can be translated into other languages.

DNA Markets claims to provide top-level service through expert support, rapid trade execution, and a wide range of products at competitive prices. Traders can customize their experience by tailoring trading strategies, focusing on specific markets or products, and utilizing advanced features like automated trading systems and customizable charts.

Considered a reliable trading platform, DNA Markets meets essential criteria such as having a good reputation and possessing a global presence being registered with SVG. Although the platform is new and lacks awards or recognitions displayed on its website, it shows promise in delivering a comprehensive trading experience for its users.

DNA Markets Licenses and Regulatory Compliance

Focus Markets Pty Ltd, operating as DNA Markets, falls under the Australian Securities and Investments Commission (ASIC) regulation with license number (AFSL 514425), ensuring oversight for Australian clients. ASIC holds DNA Markets to high international standards as a tier-one regulatory body.

In addition, Focus Markets LLC conducts business under the trading name of DNA Markets, a company incorporated in Saint Vincent and the Grenadines with registration number 356 LLC 2020. All non-Australian based clients are onboarded under this entity. It’s important to note that this entity is unregulated, meaning users have limited regulatory protection compared to those under the ASIC-regulated entity

DNA Markets Forex Customer Protection

Considering that ASIC is a highly esteemed Australian regulator, it is expected that DNA Markets will offer fundamental and standard protection, in line with the typical practices within the forex industry.

Customer Service

DNA Markets offers clients several options for contacting support. Clients can rely on the broker's team of professionals who can assist them in their preferred language. The broker operates 24/5, and clients can submit their queries via a contact form on their website.

Alternatively, clients can email [email protected] or speak with a customer representative by calling +442070825200 at the phone for instant assistance. Additionally, a live chat feature is available on the website to help clients troubleshoot issues efficiently. However, it's important to note that the website has no FAQ page for reference.

Trading Information

DNA Markets emphasizes a transparent and competitive fee structure, where trading costs vary based on the instrument traded and the account type. The broker caters well to short-term traders aiming to minimize expenses with over 1600 tradable symbols. 

On the Standard account, spreads on the EUR/USD typically start at 1.0 pips while on the Raw account, spreads during peak hours start at 0.0, accompanied by a $3 commission per side. Non-trading fees remain low, with no hidden costs, aside from potential fees from third-party providers. There are no inactivity fees, and deposits and withdrawals are free on the broker's side.

DNA Markets offers a few extra tools to enhance the user experience, including basic profit, margin, pip, and currency conversion calculators. Additionally, global clients can access Signal Start, a feature allowing them to receive and act upon trading signals. The tool incorporates a signal simulator for testing various setups.

Tradable Instruments

DNA Markets boasts an extensive selection of over 800 financial instruments for trading. Traders can access various tradable assets, such as

• Forex
• Commodities
• Shares
• Indices
• Cryptocurrencies

While some may view this selection as substantial, others might find the available tradable instruments rather limited in diversity.

DNA Markets Leverage

Leverage at DNA Markets varies depending on the entity with which you register. Global clients (those registered under the Saint Vincent and Grenadines entity) can access a maximum leverage of 1:500, whereas the Australian entity is limited to 1:30 in compliance with regulations. It's important to note that while high leverage can increase potential profits, it also amplifies potential losses, making it a critical aspect to consider when trading.

Deposits and Withdrawals

The broker assures clients of smooth deposit and withdrawal procedures. They support a variety of currencies and maintain clear fees to ensure an easy financial experience for users.

Deposits

DNA Markets aims to cater to its global customer base by offering a variety of payment methods. Their straightforward payment system completes transactions with just a few clicks. Clients can deposit funds using Visa/Mastercard, Wire Transfer, Skrill, Neteller, QR Code, Crypto, Bpay, Local Bank Transfer, Bitwallet, and Astropay. Some payment methods may be unavailable depending on your country of residence. 

While DNA Markets doesn't impose internal fees for deposits or withdrawals, it's important to note that the provider used may charge transaction or international processing fees. Withdrawals are reviewed by the Finance team, typically taking 1-2 business days.

Withdrawals

For withdrawals, clients can utilize methods similar to those used for deposits, with the same conditions applied to withdraw funds.

OCTAFX Trading Education and Training

DNA Markets lacks comprehensive trading education resources, which is a notable drawback. No materials are available for beginners or advanced traders seeking opportunities for skill development.

Unlike many top brokers, DNA Markets doesn't provide trading courses, platform guides, ebooks, or webinars to help traders learn and enhance their skills. If access to educational resources is essential for you, exploring alternatives to DNA Markets might be advisable.

Conclusion

This DNA Markets forex broker review has shown that the platform offers comprehensive services for traders interested in the forex market. With various trading accounts tailored to different needs, including Standard and Raw accounts, clients have flexibility in their trading approach.

The platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing traders with advanced tools and features to execute their strategies effectively. DNA Markets caters to clients from numerous countries worldwide, offering diverse tradable instruments such as Forex, Shares, Commodities, Indices, and Cryptocurrencies.

With competitive leverage options and straightforward deposit and withdrawal processes, DNA Markets strives to offer a seamless trading experience for its clients. While the broker may lack comprehensive educational resources compared to some competitors, its user-friendly interface and access to expert support contribute to a positive trading environment.

DNA Markets is a reliable option for traders seeking a transparent and competitive forex trading platform. As with any investment decision, traders must conduct thorough research and consider their individual trading goals and preferences before choosing a brokerage firm.

FAQs

Is DNA Markets a Scam?

DNA Markets is a legitimate broker registered in Australia, St Vincent, and the Grenadines. For Australian-based clients, DNA Markets is regulated by the Australian Securities and Investments Commission (ASIC), a reputable regulatory authority known for its stringent oversight of financial services firms. On Trustpilot, a popular review platform, DNA Markets has received mixed user feedback. While some reviewers have praised aspects of the platform, such as its customer service and ease of use, others have expressed concerns about slow response times.

How do I open a DNA Markets trading account?

To open a trading account with DNA Markets, you typically follow a straightforward process:

• Go to the official DNA Markets website to begin the account opening process.
• Click on "Open Account": Look for the "Open Account" or "Sign Up" button on the website's homepage or designated section for account creation.
• You'll be prompted to provide personal information such as your name, email address, phone number, and country of residence.
• Depending on regulatory requirements, you may need to complete a verification process. This often involves providing proof of identity (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).
• DNA Markets offers different trading accounts, such as Standard and Raw. Choose the account type that best suits your trading preferences and needs.
• Once your account is verified and approved, you must deposit funds into your trading account. DNA Markets offers various deposit methods, including bank transfers, credit/debit cards, and electronic payment methods like Skrill or Neteller.
• Once your account is funded, you can start trading on the DNA Markets platform using the available financial instruments and trading tools.

It's essential to carefully read and understand the terms and conditions and any associated fees or charges before opening a trading account with DNA Markets or any other brokerage firm. Additionally, you can contact DNA Markets' customer support for assistance if you have any questions or concerns during the account opening process.