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/10

Derby Forex

United Kingdom|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://derbyfx.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
DerbyForex-DEMO MT4
Server Location France

Contact

+44 1332 323020
info@derbyfx.com
https://derbyfx.com/en
The Hideout, 9-11, Market Place, Little Chester, Derby, England, United Kingdom

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

English

+44 1332 323020

Broker Information

More

Company Name

Derby Forex

Company Abbreviation

Derby Forex

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Derby Forex · Company Summary

Note: For some unknown reason, we cannot open Derby Forexs official site (https://derbyfx.com/en) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

General Information & Regulation

Derby Forex is allegedly a global online trading provider registered in the United Kingdom that claims to provide its clients with a variety of tradable financial instruments with flexible leverage up to 1:800 and variable spreads from 0.7 pips on the state-of-the-art MetaTrader4 trading platform, as well as a choice of three different live account types.

As for regulation, it has been verified that Derby Forex does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.28/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

The supposed available assets at Derby Forex are forex currency pairs, commodities (precious metals, energy), indices, stocks, cryptocurrencies, and probably other unrevealed CFDs.

Account Types

Apart from demo accounts, Derby Forex claims to offer three types of trading accounts, namely Standard, Silver and Gold. The minimum initial deposit amount is only $50 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $1,000 and $5,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can experience leverage of 1:400, the leverage on the Silver account can be stretched up to 1: 400 - 1: 600, while the Gold account can be stretched up to 1: 400 - 1: 800. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Derby Forex claims that different account types can enjoy quite different spreads. Specifically, the spread on the Standard account starts from 1.3 pips, the Silver account has spread from 0.9 pips, while only the Gold account holders can enjoy spreads from 0.7 pips.

Trading Platform Available

The platform available for trading at Derby Forex is the worlds most widely-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Deposit & Withdrawal

Derby Forex appears to accept bank transfers, credit/debit cards, Skrill, Neteller, PayPal, PayU, and Bitcoin. The minimum initial deposit requirement is said to be only $50.

Customer Support

Derby Forexs customer support can be reached by telephone: +44 1332 323020, email: info@derbyfx.com. Company address: The Hideout, 9-11, Market Place, Little Chester, Derby, England, United Kingdom; Office number 2731,27th floor, Main Tower, Neue Mainzer Str. 52-58, 60311 Frankfurt am Mai.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

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JakieZhao0061
more than one year
Derby Forex is pretty cool because they let you choose between MT4 and MT5 platforms, which is sweet because I like having options. Plus, they've got tons of trading tools and analysis resources, like charts and indicators, which is a huge plus. And they've got a great selection of trading products too, so you've got plenty to choose from. However, their customer service team isn't exactly the most professional or knowledgeable. They could really use some improvement in that department.
2023-04-04 09:30
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FX1460525824
more than one year
I gotta be honest, I didn't read the contract and agreement carefully when I first signed up with Derby Forex, and boy, did I regret it. Turns out they've got a whole bunch of hidden fees that they don't exactly advertise, and the spreads are sky high. I only realized this after I started trading with them. When I confronted their customer service about it, they basically told me it was my fault for not reading the fine print. Talk about frustrating!
2023-04-03 18:25
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