Donghai

Donghai presents significant reliability concerns. The broker operates without valid retail forex regulatory oversight, which is a critical factor for trader safety. This is reflected in its low WikiFX score of 1.62. While its associated securities company is licensed in Hong Kong, this license does not cover its forex trading activities with retail clients. Consequently, client funds are not protected under standard regulatory schemes, and there is no formal dispute resolution mechanism in place, representing a high-risk profile for traders.

Donghai does not hold any valid regulatory licenses for retail forex and CFD trading. The entity 'Donghai International Financial Holdings Co., Ltd.' has no direct regulatory authorization for its brokerage operations. While a related entity, Donghai International Securities (Hong Kong) Limited, holds an active Securities Trading License (SFC: BGV506), this does not extend to its forex business. A separate Derivatives Trading License (SFC: BGW612) held by another related entity has been revoked. Therefore, for the purposes of forex trading, Donghai operates as an unregulated entity.

Due to the temporary lack of publicly available data, it is not possible to directly confirm Donghai's specific minimum deposit requirements. To evaluate this, you can check the broker's official website for account specifications or contact its customer service directly. It is also recommended to follow WikiFX for updates on account terms and trading conditions as they become available.

Donghai exhibits a moderate software index score of 4.0. However, specific data confirming support for the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms is not currently available. To verify which trading platforms are offered, you should consult the broker's official website or reach out to their support team directly.