Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

DomiFX

Cyprus|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

http://www.domifx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
ForexTime-MT5 MT5
Server Location Cyprus

Contact

+44 20 5658 3882
info@domifx.com
http://www.domifx.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 20 5658 3882

Chinese (Simplified)

442056583882

Broker Information

More

Company Name

DomiFX

Company Abbreviation

DomiFX

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 14824) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed DomiFX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

GTC

8.15
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4/5 full license
Official website

LonghornFX

7.58
Score
2-5 yearsRegulated in United KingdomCommon Business RegistrationMT4/5 full license
Official website

CPT Markets

8.20
Score
5-10 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website

DomiFX · Company Summary

General Information & Regulation

DomiFX is a broker offering forex and spot metals trading with a focus on the Chinese market and “social trading”, a website offering social trading solutions similar to ZuluTrade (an online social and replication trading platform that allows traders to replicate the investment strategies of “experts” in the forex market). DomiFX is currently regulated by the Vanuatu Financial Services Commission, however, this license is suspected to be a clone one.

Market Instruments

DomiFX offers investors access to the most popular currency pairs in the financial markets, spot metals, indices, CFDs, stocks, and commodities.

Minimum Deposit

DomiFX offers two types of trading accounts: Standard (minimum deposit of $25) and VIP (minimum deposit of $5,000). Although it should be obvious that no serious trading can be done with $25, this measure is applied in order to attract a bigger number of clients.

DomiFX Leverage

Leverage at DomiFX is capped at 1:100. This is basically the standard, or some will say even conservative level, when it comes to forex trading.

Spreads & Commissions

The spreads on the DomiFX website start at 1 pip for standard accounts and 0.5 pips for VIP accounts, but after testing the demo account, we learned that the spreads for EURUSD start at 2 pips, which is clearly higher than the industry standard.

Trading Platform

DomiFX offers traders the market-leading and highly popular MT4 trading platform, which is currently the most popular forex trading platform in the world and is highly respected by many technical traders, with top-notch MT4 charting tools, the ability to create multiple custom technical indicators, and an automated trading system (Expert Advisor).

Deposit & Withdrawal

DomiFX only supports China UnionPay, as DomiFX is focused on the Chinese market and does not accept clients from the Eurozone, USA, Japan, British Columbia, and Iran.

DomiFX Pros & cons

Domifx advantages Include:

1. Availability of MT4 trading platform

2. Two types of trading accounts available

3. Low minimum deposit requirement

Domifx disadvantages include:

1. Offshore regulation by VFSC

2. High spreads, different from spreads shown on the official website

3. Not accept many clients from e.g. Eurozone, USA, Japan

4. Only one way of deposit & withdrawal only

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

MR.Lee
more than one year
I was extremely disappointed with my experience with DomiFX. The company used false trading signals to deceive customers into investing more money, and I was unfortunately one of their victims. I ended up losing a lot of money due to their deceptive practices. The worst part was that when I tried to reach out to their customer service for assistance, I was met with nothing but unhelpful and rude representatives who refused to take responsibility for their actions.
2023-03-20 18:08
Reply
0
0
Sara.
more than one year
DomiFX is nothing but pure fraud, stay away from them if you don't want to throw your money in the hands of scammers. Everything about them is a lie. This should be a ZERO Star rating.
2023-03-06 17:55
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;+44-7517747077
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com