Note: For some unknown reason, we cannot open Dolce500s official site (https://dolce500.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Dolce500 is allegedly a forex and crypto broker registered in Seychelles that claims to provide its clients with various tradable financial instruments with leverage up to 1:200 and floating spreads around 3.2 pips on the web-based trading platform, as well as a choice of three different live account types and 24/7 customer support service.
As for regulation, it has been verified that Dolce500 does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.33/10. Please be aware of the risk.
Market Instruments
Dolce500 offers 7 asset classes in financial markets, including forex, commodities, indices, stocks, ETFs, bonds and cryptocurrencies.
Account Types
There are 3 different account types offered by Dolce500, namely Bronze, Silver and Gold. Dolce500 requires a minimum of $250 to start a Bronze account. While the other two accounts require a much higher minimum deposit of $5,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
In terms of trading leverage, Dolce500 offers maximum leverage of 1:200. Keep in mind that leverage can magnify gains as well as losses, and inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
From the information on the Internet, we found that Dolce500 appears to offer the EUR/USD spread floating around 3.2 pips.
Trading Platform Available
When it comes to trading platforms available,Dolce500 gives a web-based platform. Most traders will surely prefer the MetaTrader4 or MetaTrader5.
Deposit & Withdrawal
Dolce500 advertises that its deposit payment methods consist of credit card and Bitcoin, while withdrawal options include credit card and bank wire. The minimum initial deposit requirement is said to be $250. Withdrawal requests usually can be processed in 5 business days.
Customer Support
You can contact Dolce500 for free from Monday to Friday. It can be reached by telephone:+442080684339 and e-mail:support@dolce500.com. Company address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.
Pros & Cons
Reviews
Peter Fajván - Oct 26th, 2021
I tried to call my advisor and write to the contact e-mail address several times regarding my account. Unfortunately, there is no feedback from them, my account was blocked.
Jessica S. - Oct 24th, 2021
Definitely a fake platform that is only concerned with taking all you have for their selfish interests. I invested with them and was very enthusiastic about trading and making money here but that was not the case. They cleaned my account and left me with nothing. Even when I made it known to them they just ignored me. I sent countless messages with no response from them for almost 3 weeks. I had to get assistance from fraud detectors and they initiated a complete reimbursement which was how I was able to get back all the money taken from my trade account. Avoid dolce500 for your good. Don't say you weren't told.
Prince C. - Aug 1st, 2021
Do not trust them. I tried and got burned. I was lucky to get it all back with help of good people. Be alert.
FRANCIS - Jun 15th, 2021
Do not under any circumstances give this company any money. They will suck you in with false profits. Let you make a small withdrawal to gain your trust. PRESSURE YOU FOR MORE INVESTMENT. Then your money is removed after one reason or another. Getting information just dries up.
Ratika R. - November 11th, 2020
Joined Dolce500 after hearing from a colleague. The overall platform needs improvement. $250 is a lot for starting your account and the features that come with this money are limited. Customer support can be improved. The site is informative about forex trading. My progress is slow. Will update in a few months on how it went.
