DNA Markets Review

Is DNA Markets a Trusted Forex Broker?

In this comprehensive review, we will delve deeper into DNA Markets, evaluating the trustworthiness of the broker by examining a range of different factors, including fund safety, fees, educational features, promotions, online reputation and more. As an established online broker, DNA Markets has a strong presence in Australia, the country in which it was founded. To find out more about whether this brokerage is the right option for you, check out our comprehensive review below, which takes a deeper dive into all the key details you need to know about.

Introduction to DNA Markets: A Brief Overview

DNA Markets is a reputable broker with many years of experience in the forex and CFD trading industry. First established in Australia in 2013, it is renowned for being a safe and reliable broker offering excellent customer support, fast fund execution and highly competitive spreads on a wide range of tradable CFD instruments, including forex majors, forex minors, commodities, cryptocurrencies and more.

Trusted by traders in both Australia and elsewhere, DNA Markets presents the full MetaTrader platform suite along with the Signal Start copy trading platform, which features an easy-to-use interface accessible across multiple devices. Here, both signal followers and signal providers can use the platform’s simulator to test different signal setups and process data in real time, in order to anticipate how various trading strategies perform under differing conditions.

Is DNA Markets Safe?

Licensing and Regulation

DNA Markets is fully licensed and authorised by Australian Securities and Investment Commission (ASIC), ensuring it upholds a robust safety and security framework, which reinforces its credibility and reliability as a regulated entity. Alongside securing a licence with the top-tier Australian regulator, the broker also currently maintains an offshore entity registered in the Caribbean nation of Saint Vincent and the Grenadines. By adhering to the strict regulatory requirements of ASIC, DNA Markets, clients can be reassured that licensing forms an important part of the broker’s daily operations.

Security of Funds and Protection

DNA Markets employs a range of different security measures to make sure that client funds are securely protected. Firstly, any funds that are deposited with the broker, including any net running profits, are held separately from the company’s money in a client trust account with an ASIC approved authorised deposit-taking institution (ADI). Also, all funds held by DNA Markets are dealt with in accordance with the Australian Client Money Rules. Moreover, the broker provides negative balance protection, ensuring that traders are not held liable for any losses that exceed their account funds. This feature underlines DNA Markets’ commitment to responsible trading practices and their dedication to protecting their clients’ interests, while also offering a more secure trading environment.

DNA Markets Trading Platforms

DNA Markets offers access to a solid selection of trading platforms, giving clients a degree of flexibility in terms of their overall trading experience. The broker’s platform lineup features the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their comprehensive trading tools and advanced charting capabilities. Additionally, DNA Markets enhances its client offering with the Signal Start copy trading platform, with the innovative platform allowing beginner traders to mirror the trades of more experienced traders automatically. Signal Start removes the complexities of trading forex and CFDs by allowing traders to automatically find, follow and copy successful traders through MT4 and MT5.

DNA Markets’ Trading Assets

DNA Markets presents traders with a wide selection of tradable CFD instruments from a variety of asset classes, allowing traders to speculate on price movements from within the fast-moving global financial markets. The broker offers trading on more than 800 instruments, including 40+ major and minor FX pairs and commodities such as gold, silver and oil. Moreover, DNA Markets offers CFD trading on top global indices like the Dow Jones, S&P500, FTSE100, the DAX and many more. Clients can also begin trading the leading digital currencies, including Bitcoin, Ethereum, Ripple and Litecoin, as well as stock CFDs from some of the world’s largest and most successful companies.

Trading Conditions at DNA Markets

Spreads and Commissions

The exact rates offered by DNA Markets vary according to the instrument traded, but spreads on forex majors start from 1.0 pips on the Standard account and are from 0.0 pips on the Zero account. For indices, the exact same spreads quoted apply to both account types, ranging between 1.3 pips (AUS200) and 3.5 pips (US30). Additionally, the lowest spreads available on Brent crude oil and gold (XAUUSD) across both accounts is from 1.5 pips, while silver (XAGUSD) starts from 1.0 pips on both accounts. Meanwhile, the typical commission charged by the broker on shares across its Standard and Raw accounts is $4 per lot round turn.

Leverage

DNA Markets offers differing leverage depending on the trader’s location and the type of instrument traded. For traders operating under the global entity, DNA Markets provides a maximum leverage of up to 1:500 for forex trading, while under the Australian entity, the leverage is restricted to 1:30 on forex majors and 1:20 on forex minors. For other instruments, the leverage varies significantly, with cryptocurrencies (1:2), shares (1:5), commodities (1:10), gold (1:20), major indices (1:20) and minor indices (1:10). These leverage options provide traders with the flexibility to choose their risk level and investment strategy according to their trading style and the regulatory requirements of their region.

DNA Markets’ Customer Support

As a professional and responsible broker, DNA Markets ensures there are numerous channels in which clients can contact a company representative. The live chat feature allows for real time responses and is available 24/5 to align with global Forex market hours, enabling traders to resolve issues during trading sessions. For less urgent queries, email support is also available, while the broker provides multiple contact phone numbers, which vary depending on geographical region. Alternatively, the DNA Markets’ 24/7 chatbot service is on hand to offer non-urgent assistance to clients, which is easy-to-use and accessible from any page of the broker’s website.

Educational Resources for DNA Markets Traders

The broker does not offer any educational tools or technical analysis, but there are other ways traders can enhance their overall trading skills. Firstly, DNA Markets offers a demo account that clients can use to test out their trading strategies in a risk-free environment, safe in the knowledge that any wrong moves will not lead to real life losses. Additionally, clients can also test different trading signal setups via the Signal Start copy trading platform. The simulator processes the data in real time, providing exact hypothetical performance outcomes, allowing users to anticipate how different trading strategies might perform under various conditions.

DNA Markets’ Reputation: What Traders are Saying

DNA Markets is viewed favourably among traders, garnering largely positive feedback from clients who value the diversity of markets and trading instruments on offer. Meanwhile, traders are mostly complimentary about the competitive trading conditions provided by DNA Markets, especially with regards to spreads, commissions and fund execution. Also, clients value the fact that, unlike many competitor brokerages, there are no fees charged for inactive trading accounts at DNA Markets. Lastly, the Signal Start copy trading service is another positive feature not often found at other brokers.

How to Open an Account

Open an account with DNA Markets by following these simple steps:

1. Visit the DNA Markets homepage and click the Sign Up Button.
2. Fill in your personal details and click Create Account.
3. If you need assistance, you may use the Live Chat facility.
4. You will be sent an email prompting you to Verifiy your Email account. 
5. You will be taken to the DNA Markets Client Area to add further details and complete the account registration process.
6. Your account will be created and you can access the secure client area where you can view and create your Trading Accounts.
7. Your account will have to be KYC-Verified before you can fully utilise your trading account.

Featured Promotions

DNA Markets does not list its promotions online but clients can access exclusive bonuses by contacting their account manager once they open an account. However, there is an exclusive offer available to all new clients who sign up to the Signal Start copy trading service.

• Signal Start Free Trial: Clients can get a three-month subscription to the Signal Start copy trading platform for free, offering a potential saving of up to $300. This promotion can be redeemed by all new clients, who by signing up can get instant access to a curated list of professional signal providers.

The FXTS Verdict: Is DNA Markets a Trusted Broker?

As a reliable and regulated broker, DNA Markets stands out as a good choice for traders who may be looking for a dependable option to facilitate the diversification of their trading portfolios. It caters to all levels with its user-friendly interfaces and extensive support services, while its reputation as a trusted broker in the trading community further reinforces its appeal, ensuring that clients can trade with confidence and peace of mind. While the broker’s website does not feature any educational resources, technical or fundamental analysis, the Signal Start copy trading service more than makes up for these shortcomings. In conclusion, DNA Markets is a very good choice for traders who are looking for highly competitive trading conditions with responsive support and reliable trading platforms.