About Douglas
Company Overview
Douglas is a forex and CFD broker registered in Hong Kong, established on 27 September 2021. The company's registered address is UNIT NO.A222, 3F, HANG FUNG INDUSTRIAL BUILDING, PHASE 2, NO.2G HOK YUEN STREET, HUNGHOM, HK. The broker operates under the domain douglas-forex.com.
Regulatory Status
Douglas is not regulated by any recognized financial authority. Our research indicates no valid regulatory licences on file, which means the broker is not subject to oversight by major regulators such as the FCA, ASIC, or CySEC. This lack of regulation introduces significant counterparty risk for traders.
Trading Conditions
The broker states that it offers trading in forex pairs (straight and cross), precious metals (gold, silver), indices, and crude oil. Maximum leverage is advertised at 1:200. A minimum deposit of $1,000 is required to open an account, which is relatively high compared to industry standards.
Account Types
Douglas provides three account options: standard accounts, professional accounts, and IB (Introducing Broker) accounts. The specific features of each account type, such as spreads, commissions, or additional benefits, are not detailed in available public information.
Risk Considerations
Given the absence of regulation and the high minimum deposit, Douglas carries elevated risk. Traders should be aware that unregulated brokers offer limited recourse in the event of disputes or financial loss. The broker's FXCanary Scam Risk Score is 49 out of 100, indicating a guarded level of safety.
Overview compiled by FXCanary from regulatory records and public data. full Douglas review