Based in Port Villa, Vanuatu, DBFX is an online trading broker that has been in existence for over a decade. They provide traders with the MetaTrader 4 trading platform for trading several financial instruments, such as forex, commodities, stocks, indices, and CFDs. The broker offers competitive trading conditions, including tight spreads, zero commission, and leverage of up to 1:200. The minimum deposit required to operate a live trading account is $200.
DBFX Review, Pros & Cons
- User-friendly MetaTrader 4 trading platform
- Educational resources
- Trading Central & other useful trading tools
- Multiple financial instruments
- Range of account funding options
- No USA clients
- No MetaTrader 5 trading platform
- Minimum $200 deposit
- Not the tightest spreads
- Located offshore
In this detailed DBFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2007, DBFX is a regulated multi-asset brokerage firm that operates out of Port Vila, Vanuatu. They provide traders with some useful trading and learning tools, and there is also a client support team to assist them. Many different financial instruments can be traded on the offered trading platforms. The broker operates the STP/ECN brokerage model with no dealing desk intervention. There are multiple trading account options to choose from.
DBFX is a brand name of DBFX LIMITED, a registered company that is authorised, and regulated company by Vanuatu Financial Services Commission with license 40133. DBFX is a subsidiary of Belight Capital Group, a Cyprus Investment Firm licensed and regulated by the Cyprus Securities and Exchange Commissions (CySEC) license 364/18.
DBFX does not provide investment services to citizens and residents of the EU, USA, Canada, Iran, Iraq, Armenia, Azerbaijan, UK.
Some DBFX features and products mentioned within this DBFX review may not be available to traders from certain countries because of legal restrictions.
DBFX provides traders with different advanced trading platforms for trading the available financial instruments, including the MetaTrader 4 trading platform. The MT4 trading platform is widely used globally due to its simple interface, security, customization ability, reliability, and feature-rich environment. The platform allows its users to develop and add their customized tools. It is available on the desktop, web, and mobile versions.
The broker also makes available the DBFX Trades Sirix Web Trader platform that can run directly on most modern web browsers and a mobile trading app that allows users to join a social trading community.
DBFX Trading Tools
Traders are also provided with some useful trading tools, such as Trading Signals, Trading Central, AutoChartist, and more.
The broker’s website contains a Trading Academy, which is parked with several educational materials, such as eBooks, free training courses, trading articles, trading guides, and financial market news.
The broker offers the following financial assets: forex, commodities, stocks, indices, and CFDs.
DBFX Accounts & Fees
The broker provides traders with a choice of five different trading account options: Basic, Discovery, Silver, Gold, Premium, VIP, and VIP Plus Accounts. They have minimum deposit requirements of $200 and charge zero commission on trades. Demo accounts are also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this DBFX review. It is imperative to ensure that you check and understand all of the latest information before you open a DBFX broker account for online trading.
The broker provides traders with a customer support team that is polite and prompt in response. They can be reached via the following contact channels: telephone, email, Live Chat, social media.
DBFX Deposit & Withdrawal
Account deposit and withdrawal requests are processed via the following payment methods: bank wire transfer, credit/debit cards, online payments.
DBFX Account Opening
To open an account, click on the ‘Real Account’ button on the homepage of the broker’s website and fill in the registration form properly.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
DBFX is a regulated retail broker that offers multiple trading instruments for trading online via different trading platforms. The broker provides traders with educational resources, trading tools, and a customer support team. Traders get access to a range of trading conditions, including fast trade execution with no dealing desk intervention, multiple account options, flexible leverage, and spreads from 0.0 pips
Trading in financial instruments may result in losses as well as profits. Past performance does not guarantee future results. trading in derivatives (e.g. options, futures, and swap contracts) could result in the loss of the whole capital invested. forex, CFDs, and derivatives are leveraged products and involve a high level of risk. . You should not risk more than you are prepared to lose.