Direct FX Review – is Direct FX Scam or Legit Broker?

DirectFX

3.1

Rating

3.1/5

Pros

  • ASIC Licensing
  • Demo trading system
  • MetaTrader 4, MetaTrader 4 Mobile, CQG FX

Cons

  • Not accepting new customers
  • No Bonuses
  • Limited financial tools

DirectFX is an regulated forex brokerage offering Forex, CFD, gold and silver coins, and futures trading for customers across the globe. It sports that the CQG 1 trading platform and next-gen MetaTrader 4 stage. Registered traders must earn a minimum deposit of $250 to delight in trading 4 dozen money pairs and commodities, and with leverage as large as 400:1. Among the others, the profit of trading in DirectFX is competitive pricing about heaps of financial tools, tight spreads, very low latency online trades, and also advanced trading tools, graphs, charts and investigation.
DirectFX offers traders a vast variety of tools to reinforce their internet trading actions. These generally include comprehensive training, and financial calendar, and also an wide assortment of FAQs. This brokerage is totally governed by ASIC (Australian Securities and Investment Commission) with #120189424. The participating banks include Morgan Stanley, UBS, Deutsche bank, JPMorgan, Citibank, and Barclays amongst other people. An important note was recently issued by DirectFX into this consequence that the provider isn’t currently accepting clients. Existing traders are simply permitted to trade to the scope essential to close their own rankings.

Overview/ desktop

DirectFX Was founded with a group of results-oriented financial pros, technical professionals and Forex aficionados. The Business is owned by Direct FX Trading Pty Ltd. By delivering a potent state of trading resources and tools, DirectFX has put itself among many marketplace leaders within Forex trading. The higher echelons of this provider ‘s management team possess collective experience of 40 years at the match, plus so they ‘ve attracted out of their expertise to set market-leading firm in the shape of DirectFX.The company’s headquarters are in Sydney, New South Wales, Australia. As the firm was usable after all 2006, Direct FX Principle Partners has already been used for 40 decades.

Account Types

Forex customers can very quickly complete an internet registration form to delight in demo trading activity. The complete download of this computer software is necessary to obtain going with the demonstration stage, however, no fees are demanded from traders with this particular profit. Customers may just have use of this demonstration trading platform for 1 month during 60 days, sometimes prior to that. Traders even provide the option of preparing an account. The minimum processing period of just one is necessary to prepare a live trading accounts. When customers don’t complete the form accurately, more hours may be necessary to check and confirm your accounts. Both account types provide customers real marketplace trading requirements with a vast selection of financial tools.

Read another review  FXDD Review - is FXDD Scam or Legit Broker?

Trading Platform/ applications

assorted trading programs and applications are used in DirectFX. Included in these are MT4 (MetaTrader 4), CQG FX, Multi-Account Manager, VPS Solution, CQG1, MT4 phone, and stage partners.

MetaTrader 4 – is available to customers within a live accounts format or perhaps a demo account arrangement. It features the entire selection of financial tools such as stocks, stocks, stocks, safeties, and money pairs. Customers may enjoy tight spreads onto the broad selection of options, EAs have been encouraged, and also portable trading is totally encouraged too. The minimum deposit requirement with this particular trading platform is 100, and in addition, it supports both multi-account robots, supervisors, and multilingual support.

CQG FX – that trading platform is for sale in a live accounts or perhaps a demo accounts. Traders can get numerous purposes including stop limit orders and stop orders and limit orders, and marketplace orders. Other options contain mount orders, OCO, tracking stops, and tracking limitations. That really is most effective for trading forex pairs all over the plank, also it’s also well suited for spot metals. With real-world marketplace data and advanced charting capabilities, CQG FX is aimed towards quick click automated and trading functionality too.

CQG 1 – that this trading platform is for sale in a live account and also a demo account. It’s aimed at futures and Forex trading. Together with stocks, you will find prices of $5.98 each round turn and exchange prices. Prospective exchange prices are $15 a month. The forex market doesn’t need some commissions. Considering that the apparatus HTML 5 harmonious, both the mobile and desktop phones are totally supported by CQG 1.

Read another review  EVERFX Review - is EVERFX Scam or Legit Broker?

Multi-Account Manager – traders that are managing numerous account will probably come across the MAM platform especially helpful. It supports all type s and also an infinite selection of subaccounts too. The trading activity occurs through MetaTrader 4 and also works using Android, iOS, PC and Mac. VPS solutions are also available for traders. The user interface enables for master account direction of various subaccounts.

Deposit options

Various deposit options are available for DirectFX. These include UAE Exchange, Skrill Moneybookers, bank wire, and NETELLER. Dropdown menus are offered with each deposit option, directing traders towards enrollment together with all these payment processing options. All residue options are fully guaranteed secure and safe, and secure from SSL encryption (secure socket layer) and anti-virus security.

Markets

An estimated 4-8 financial tools are obtainable for trading purposes. All these are recorded under these services and products category on surface of the screen. The key categories include: Forex, CFDs, gold and silver coins, and futures contracts.

Forex – 4-8 money pairs are available for example currencies that are significant, minor pairs along with currency pairs that are exotic. Popular options like USD/GBP, GBP/EUR, USD/JPY, USD/EUR yet many others abound.

Contracts for Difference – CFDs are very popular trading options available for forex. Also, they are ideally suitable for trading bonds like US Treasuries, German government bonds, Italian bonds and UK bonds. Customers can also utilize this CFD is to get indices and commodities. Be aware that gold and silver coins may be traded with CFD contracts and location contracts.

Precious Metals – as a result of MT4, traders may delight in some CFD contracts or location contracts, without any physical delivery of gold and silver coins will become necessary. Popular training options include things like XAG/USD, also XAU/USD. Be informed that gold and silver coins might be traded in demonstration mode or real money style.

Read another review  UFX Review - is UFX Scam or Legit Broker?

Futures – futures markets open multiple worldwide shares including commodities, ones and indices. With futures, customers can go short or long, with $1, 000 gross profits there’s substantially more leverage compared to stocks. A couple dozen futures stores are available.

Bonuses

During writing, we Couldn’t affirm any bonuses in this forex broker

Customer Support

traders may get customer care by clicking the ‘Contact Us’ tab. This sends customers to this contact us form. Various service options are available including telephone assistance ( 61-2-8488-0991), email ([emailprotected], [emailprotected], and [emailprotected]). The Business ‘s documented mailing address is your next:

DirectFX

Level XI

Suite 2 – 10 Bridge Street

Sydney, NSW 2000

Australia

Customer Support Companies operate medially GMT GMT and 10 PM GMT Sunday through Friday.

Safety

Safety and security is ensured at DirectFX, due to full law and licensing with all an Australian Financial Services, especially ASIC with ACN Number 120189-424. The Australian Financial Services Licence #is Number 305539. This regulation and licensing is appropriate to Australian traders just. In addition, DirectFX works together with reputable worldwide banks for calculating purposes, for example: JPMorgan, Citibank, UBS, Deutsche Bank, Barclays, CreditSuisse, Goldman Sachs, along with others.

Ease of Use

It is relatively simple to make use of the services supplied by DirectFX. A live accounts and also a demo account option is available for traders. Multiple trading platforms have been tailored to forex, commodities, shares, futures, bonds etc. Customers may pick their favorite platform and trade because of demo or real, on PC, Mac or cellular telephone.

Final Thoughts

Were it not for the simple fact DirectFX just isn’t accepting new clients, but this is a recommended FX brokerage. It assesses all of the boxes also will be offering heaps of financial tools on worldwide platforms.