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DIRECT FX

Australia|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

http://directfx.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
DirectFX-Demo MT4
Server Location United States

Contact

4006001129
cncs@directfx.com
http://directfx.com/en
https://www.facebook.com/share.php?u=https%3A%2F%2Fdirectfx.com
Warning: Low score, please stay away! 3
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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Expose

DIRECT FX · Company Summary

General Information

Established in 2019, DirectFX is a forex broker with headquarters in St. Vincent and the Grenadines. The broker follows a straight-through processing (STP) model, rather than direct market access (DMA). As a result, Direct FX has price quotes in real-time, though less depth and traders cannot deal directly with liquidity providers.

Regulation

DirectFX was regulated by the Australian Securities and Investments Commission (ASIC) with the regulatory license number of 305539.

Market Instruments

DirectFX offers a range of tradeable instruments, including 68 forex pairs, of which 7 are majors, 21 are minors and 40 are exotic. Clients can also trade futures, 24 global indices, 7 precious metals and 140 stock CFDs from the US, UK, French and German markets.

Spreads & Commissions

The spreads offered by Direct FX are not very competitive. The Standard account has variable spreads that average 2.39 pips for GBP/USD, 1.58 pips for EUR/USD and 1.74 pips for EUR/GBP.

The Premium account offers fixed spreads that are the minimum possible value of the Standard accounts spreads. These are 1.6 pips for GBP/USD, 1.4 pips for EUR/USD and 1.3 pips for EUR/GBP. Commissions aren't charged, but the broker isn't transparent about additional trading fees, so its worth checking with the customer support team when registering for an account.

Leverage

Leverage rates for DirectFX clients reach a maximum of 1:400. However, the top cap does not need to be applied and traders should fully understand the risks that come with using leverage in forex trading.

Deposit & Withdrawal

DirectFX gives no information regarding the payment options that can be used to fund and empty trading accounts.

Trading Platform

When it comes to trading platform supported, DirectFX offers the famous MetaTrader 4 Platform. This trading platform is quite powerful, equipped with a lot of advanced features, helping traders to hold favorable position in their trading environment.

Trading Hours

Forex markets are open 24 hours a day, 5 days a week. They open at 09:00 GMT on Mondays and close at 21:00 GMT on Fridays. Other instruments have different trading hours, especially stocks and indices, which follow local market opening times.

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FX1340248504
more than one year
Direct FX’s mt4 trading platform is lagging and i was given the bad signal all the time. Too much slippage during the news time. Anyway, it is a frustrating platform and I would not recommend it to anyone.
2023-03-13 12:02
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