https://www.dcfx.com/
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DCFX
DCFX
Indonesia
Pyramid scheme complaint
Expose
Benchmark | -- |
---|---|
Maximum Leverage | 100:1 |
Minimum Deposit | $200 |
Minimum Spread | Raw spread* from 0 pips on Forex |
Products | Forex, Metals, Futures, Stock |
Currency | -- |
---|---|
Minimum Position | 0.1 lot (10,000 units of base currency) |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | Forex, Metals $7 per lot; Futures $1 per lot |
Benchmark | -- |
---|---|
Maximum Leverage | 100:1 |
Minimum Deposit | $200 |
Minimum Spread | 0.1 lot (10,000 units of base currency) |
Products | Forex, Metals, Futures, Stock |
Currency | -- |
---|---|
Minimum Position | 0.1 lot (10,000 units of base currency) |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | $1 per lot |
Capital
$(USD)
Risk Warning
Online trading involves significant 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.
General Information & Regulation
Feature | Information |
Registered Country/Region | Indonesia |
Regulation | FCA/JFX/BAPPEBTI/MAS |
Market Instrument | stocks, indices, forex, commodities and cryptocurrencies |
Account Type | Standard and Zero |
Demo Account | yes |
Maximum Leverage | 1000:1 |
Spread | Vary on the account type |
Commission | Vary on the account type |
Trading Platform | MT5 |
Minimum Deposit | $30 |
Deposit & Withdrawal Method | N/A |
DCFX is allegedly a forex broker based and regulated in Indonesia that provides its clients with the industry-standard MetaTrader5 trading platform, leverage up to 1000:1, variable spreads on rich tradable assets, as well as a choice of two different account types and 24/5 customer support service.
Here is the home page of this brokers official site:
As for regulation, DCFX is regulated by the Financial Conduct Authority (FCA), Financial Conduct Authority (JFX), Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI), and Monetary Authority of Singapore (MAS). That is why its regulatory status on WikiFX is listed as “Regulated” and receives a relatively high score of 7.13/10.
Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
DCFX advertises that it mainly offers five different asset classes in global financial markets, including stocks, indices, forex, commodities and cryptocurrencies.
Account Types
There are two real trading accounts offered by DCFX, namely Standard and Zero accounts. To open a Standard account, you need to fund at least $30. While traders who want to try Zero accounts need to fund at least $3,000. The broker also offers demo accounts.
Leverage
The maximum leverage ratio provided by DCFX is much higher than most brokers, up to 1000:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Spreads are influenced by what type of accounts traders are holding. The Standard account offers spreads from 1.2 pips, with no commissions charged on forex, commodities, and indices, 0.4% per lot on stocks and crypto trading. The Zero Accounts provides raw spread from 0 pips on forex, with a commission of $7 per lot on forex and commodities, indices, and 0.4% per lot on stock and crypto trading.
Trading Platform
When it comes to trading platforms available, DCFX gives traders two choices: DCFX Mobile App and MetaTrader5. The MT5 is known as the most successful, efficient, and competent forex trading software, offering automated trading through the use of Expert Advisors and a selection of order types, allowing traders to execute trades on different financial markets through a single account and there is a hedging option. While with the mobile app, trading can be done on the go through the right terminals.
Deposit & Withdrawal
The minimum deposit requirement is only $30, yet we cant find any specific information about the deposit and withdrawal payment methods on its official website.
Customer Support
DCFXs customer support can be reached by email: cs@dcfx.com or live chat. Besides, you can also follow this broker on some social media platforms like Facebook and YouTube.
Pros & Cons
Pros | Cons |
• Multi-regulation | • No educational tools |
• Wide range of trading assets | • No info on payment methods |
• Demo accounts available | |
• Low minimum deposit ($30) | |
• MT5 trading platform supported |
Frequently Asked Questions (FAQs)
Q 1: | Is DCFX regulated? |
A 1: | Yes. It is regulated by FCA/JFX/BAPPEBTI/MAS. |
Q 2: | Does DCFX offer demo accounts? |
A 2: | Yes. |
Q 3: | Does DCFX offer the industry-standard MT4 & MT5? |
A 3: | Yes. DCFX supports MT5. |
Q 4: | What is the minimum deposit for DCFX? |
A 4: | The minimum deposit to trade with DCFX is $30, which is quite friendly to most regular traders. |
Q 5: | Is DCFX a good broker for beginners? |
A 5: | Yes. DCFX is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT5 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
The prediction for gold today hasn't seen significant changes yet, perhaps it will be observed in the afternoon or evening, as it seems to be awaiting news releases or updates related to the USD.
The prediction for this week is that Gold is likely to continue its upward trend. This is due to the influence of lower interest rates, which reduce the opportunity cost of buying gold with zero yield.
Let's look at the market review for 18th September.
This week, increased attention was placed on the data emerging from Australia and China, contributing to the advancements experienced by Asian shares.
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