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Doto group includes 3 related companies.
Doto CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Doto SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Doto MU - located in Mauritius, regulated by the Financial Services Commission (FSC).
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Doto group accepts clients from all over the world, excluding USA, UK, Australia, Belgium, Brazil, Canada, Congo, Eritrea, Guam, Hong Kong, Iran, Iraq, Israel, Japan, Lebanon, Liberia, Libya, Mali, Mauritius, Myanmar, New Zealand, North Korea, Puerto Rico, Russia, Somalia, Sudan, Syria, Yemen and some other countries.
Forex broker offers the following underlying assets for trading.
| 80+ Currency Pairs | Based on major and minor world currencies. |
| 19 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, EOS, Ripple, Uniswap, Matic, Chainlink, BNB, Avax, Stellar, Polkadot, Golem, Cardano, Kusama, Solana, Tezos, Litecoin. |
| 12 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 14 Metal CFDs | Based on Gold, Silver, Platinum, Palladium, Plumbum, Nickel, Aluminium, Zinc. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
Doto is a forex broker brand consisting of three companies and two separate websites, all under the same umbrella. The companies are registered and regulated in Cyprus, South Africa and Mauritius, respectively, and the broker operates with one website for EU-based clients (Doto.eu) and another website for all other clients (Doto.com).
As usual, the branch of the forex broker that is registered in the EU must follow strict regulations from the European Securities and Markets Authority (ESMA). Among other things, this means that trading leverage is limited to just 1:30 on even the most liquid instruments, while things like deposit bonuses and promotions are unavailable.
It's worth noting that at the time of writing, Doto's website states that it is not accepting new clients for its EU-based branch. It is unknown when or if it will start accepting new clients in the EU again.
To start trading with Doto's non-EU branches, clients can deposit money using bank transfer, Visa, MasterCard, Momo, or with the stablecoin Tether (USDT).
All of the payment methods are accepted free of charge by the broker, and there is a minimum deposit amount of $15 to start trading.
For the EU-based branch, only bank transfers are supported at the moment. Bank wire transfers should be sent to the broker's account in Cyprus, and transfers can be made in either EUR or USD. Payments via bank transfer can take up to 3 days, and account ID and full name of the client should be used as a reference for the payment.
Unlike most other forex brokers, Doto does not offer different account types depending on trading style or available capital. Instead, the broker has chosen to keep things simple, offering only one live trading account and one demo account for practice purposes.
As far as trading instruments go, Doto has something to offer for most traders, and perhaps especially for forex traders. The broker offers more than 80 forex pairs, which in fact is far more than most other forex brokers offer. In addition, it is possible to trade 19 crypto pairs, as well as major stock indices, metals and energy commodities.
What is missing from the list of trading instruments, however, is single stocks and bonds. Adding these assets would, in our view, make this broker even more attractive for a greater number of traders.
All of the assets offered for trading by Doto can be traded on desktop and web via the platforms MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5).
Besides those two platforms, Doto also has its own trading platform developed for mobile devices. The platform is known for making the whole trading experience extremely simple and intuitive, and it is therefore perfect for new and young traders looking to learn how the financial markets work.
To reach Doto's support team, clients can reach out via live chat on the broker's website. Unfortunately, this appears to be the only method to contact the broker as of this writing, with no phone number or email addresses provided anywhere on the website. There is also no information about the support team's working hours, which makes us doubt that 24 hour support is really offered here.
In conclusion, we see Doto as an interesting choice for traders looking to trade on a large selection of forex pairs with high leverage. Thanks to the extremely simple-to-use trading app, this broker could also be considered for new traders or those who just want to experience the thrill of trading without having to learn all of the technicalities of financial markets.
Doto is really a fine broker. So very easy to use and navigate.
The broker is quite good and offers convenient conditions for trading. I like that Doto forex pairs have affordable leverage, but spreads could be lower.
I like it. The possibilities offered by that broker's trading app are excellent. Nicely done, Doto.
I don't have any serious gripes at the brokerage platform because it's a licensed broker with a great set of tradable assets, nice minimum depo requirements and tight spreads. That's everything I need.
