Dolphin Markets

Dolphin Markets is a forex and CFD brokerage registered in Mauritius, founded on 15 June 2023. The company's registered address is 12th Floor, Bank Street Cybercity, Ebene 72201, Mauritius, and it operates the website dolmarkets.com. The broker presents itself as a provider of online trading services with a focus on the MetaTrader 5 platform.

While the company is registered in Mauritius, our records indicate that it does not hold any regulatory licences from known financial authorities. However, the broker's website claims to be authorised by the Financial Services Commission (FSC) of Mauritius under license number GB22200637. This claim could not be independently verified by FXCanary at the time of this review. Traders are advised to exercise caution and conduct their own due diligence regarding regulatory status.

Dolphin Markets exclusively offers the MetaTrader 5 (MT5) platform, available for desktop, web, and mobile devices. According to the broker's website, MT5 provides advanced tools for price analysis, Expert Advisors (EAs), and copy trading. The platform supports one-click trading and offers over 50 charts and technical indicators.

The broker claims spreads start from 0.0 pips on major forex pairs, with variable spreads that depend on market liquidity. Traders can access over 60 currency pairs, as well as commodities, indices, and CFDs. No information is provided about non-forex instruments such as individual stocks or cryptocurrencies.

Dolphin Markets offers two live trading accounts and a demo account, but the specific features or naming of these accounts are not detailed on the website. The minimum opening balance is not clearly disclosed, which may be a concern for traders seeking transparent cost structures. The demo account is available for practice trading.

The broker states that all client funds are held in segregated accounts with top-tier banks. However, without direct regulatory oversight, the enforceability of such segregation is uncertain. Deposit and withdrawal methods are not specified on the site, but a contact form for call-back is provided.

Our independent research shows that Dolphin Markets is not listed on any major regulatory register for forex brokers. The broker's claim of FSC Mauritius regulation could not be confirmed through official channels. In FXCanary's assessment, the absence of verifiable regulation is a significant risk factor.

The broker's FXCanary Scam Risk Score is 49/100, indicating a 'Guarded' risk level. This score reflects the lack of regulatory oversight, limited disclosure of trading costs, and the relatively short operating history since 2023. Traders should be aware that unregulated brokers offer no recourse through external dispute resolution bodies.

Dolphin Markets has a social media presence on Facebook, Instagram, and LinkedIn. The company's registered office is in Cybercity, Ebene, Mauritius, a common jurisdiction for forex brokers. The website lists a physical address as 'Silicon Avenue, The Cyberati Lounge, Ground Floor, The Catalyst 40 Cybercity, Ebene 72201, Mauritius' for contact purposes.

The broker's customer support is available Monday to Friday from 07:00 to 18:00 MUT (GMT+4). No live chat or phone number is provided on the website, with email and a call-back request form as the primary contact methods.

This broker may appeal to traders who are comfortable with unregulated environments and are attracted by the promise of low spreads and MT5 platform. The demo account allows for risk-free testing. However, cautious traders, especially those from jurisdictions with strict regulatory requirements, may prefer brokers with clear and verified regulatory oversight.

Given the risk score and lack of independent regulatory confirmation, Dolphin Markets is not recommended for beginner traders or those who require a high level of account protection. Experienced traders who choose to engage should do so with a full understanding of the risks involved.