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
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
Frequently Asked Questions (FAQs)
WikiFX
