DCFX Review

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In the ever-evolving landscape of online trading, selecting the right broker is a pivotal decision for both novice and seasoned traders alike. One such broker that has been gaining attention in the trading community is DCFX. In this comprehensive review, we delve into the various facets of DCFX, examining its strengths, weaknesses, and overall performance in the financial markets. From regulatory compliance to the user experience, we aim to provide an unbiased evaluation that will assist you in making an informed choice about this broker’s suitability for your trading needs. So, without further ado, let’s navigate the world of DCFX and see what it has to offer.

Summary

DCFX Review

DCFX is a forex and stock trading platform that operates under PT DEU Calion Futures (DC), a company that claims to be authorized and regulated by several authorities in Indonesia, such as the Indonesia Commodity Futures Trading Regulatory Agency (BAPPEBTI), the Jakarta Futures Exchange (JFX), and the Indonesian Derivatives Clearing House (KBI). DCFX offers access to more than 70 types of financial assets worldwide, including forex, commodities, indices, and cryptocurrencies. DCFX also provides educational materials, trading signals, and customer support for its users.

DCFX has two types of trading accounts: Standard and Zero. The Standard account benefits from industrial-leading entry prices, fixed spreads starting from 1.2 pips, and zero commission per lot. The Zero account receives raw spreads starting from 0.0 pips, lower commission, and market execution. Both accounts have a maximum leverage of 1000:1 and a minimum deposit of $30 and $3000 respectively.

DCFX has a user-friendly interface that allows traders to trade at a rapid pace and secure their needs. DCFX also invests in new technology to empower clients with institutional-grade execution and powerful features on its independent platforms. DCFX has a live chat feature that supports multiple languages, such as English, Chinese, Thai, Vietnamese, Indonesian, Malay, and Korean.

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Regulation

DCFX is an online trading broker that operates under PT DEU Calion Futures (DC), a company that claims to be authorized and regulated by several authorities in Indonesia, such as the Indonesia Commodity Futures Trading Regulatory Agency (BAPPEBTI), the Jakarta Futures Exchange (JFX), and the Indonesian Derivatives Clearing House (KBI). DCFX offers access to more than 70 types of financial assets worldwide, including forex, commodities, indices, and cryptocurrencies. DCFX has the following licenses and memberships:

• BAPPEBTI: PT Deu Calion Futures is authorized and regulated by the BAPPEBTI with License Number: 423/BAPPEBTI/SI/I/VII/2004. BAPPEBTI is a government institution that is under the auspices of the Ministry of Trade of the Republic of Indonesia and is tasked with carrying out guidance, regulation, and supervision of futures trading activities and physical markets.
• BBJ/JFX: PT Deu Calion Futures is a futures brokerage company with a Membership Number: SPAB-064/BBJ/04/04. PT Bursa Berjangka Jakarta (BBJ) is the first commodity futures exchange in Indonesia which is tasked with providing facilities for members to carry out futures contract transactions. BBJ was established on August 19, 1999, in Jakarta by 29 companies in the form of Limited Liability Company (PT) in accordance with Government Regulation No. 9/99, and has started its initial trade since December 15, 2000.
• KBI: PT Deu Calion Futures is also a member of Indonesian Futures Clearing with Number: 26/AK-KBI/IX/2004. Indonesian Derivatives Clearing House (KBI) is a Government-Owned Enterprise (BUMN) company that functions as a Clearing and Guarantee Institution based on the decision of BAPPEBTI number No. 128/BAPPEBTI/IX/2001. All settlement of futures contract transactions registered by clearing members are carried out by KBI.
• ASPEBTINDO: PT Deu Callion Futures is a member of the Indonesian Commodity Futures Trading Association with Number: 0013/ASPEBTINDO/ANG-B/2/2015. The Indonesian Commodity Futures Trading Association (ASPEBTINDO) was established based on law No. 10 Tahun 2011 concerning Amendments to No. 32 Tahun 1997 concerning commodity Futures Trading and its implementation regulations, namely The Head regulation of BAPPEBTI No. 111/BAPPEBTI/PER/01/2014.

DCFX also has a branch in Europe, called DCFX Europe, which is authorized and regulated in the UK by the Financial Conduct Authority (FCA) with FRN 622574 and is registered in the UK with number 08909079. The FCA is an independent Private Body given statutory powers by the Financial Services and Markets Act 2000, regulating the conduct of both retail and wholesale financial services firms in the UK.

Platforms & Tools

DCFX provides its clients with innovative technology and powerful features on its independent platforms. DCFX has two types of platforms: DCFX App and MetaTrader 5. DCFX App is a mobile trading platform that is designed for traders who value speed, convenience, and diversity.

DCFX App

DCFX App allows traders to trade at a rapid pace and secure their needs1. DCFX App has the following features:

• Stop limit / Stop loss / Trailing stop: These are order types that help traders manage their risk and lock in profits.
• Statistics on trading history: This feature helps traders analyze their performance and improve their trading strategies.
• Free email & push notifications on market: This feature helps traders stay updated on the market movements and opportunities.
• Language support: DCFX App supports multiple languages, such as English, Chinese, Thai, Vietnamese, Indonesian, Malay, and Korean.

DCFX App is available for both Android and iOS devices.

MT5 Trading Platform

MetaTrader 5 is a desktop trading platform that is suitable for beginners and advanced traders alike. MetaTrader 5 creates a powerful and flexible trading environment that offers automated trading through the use of Expert Advisors and a selection of order types. MetaTrader 5 has the following features:

• Forex, Commodities, Indices, Stock CFDs and Cryptos: These are the financial instruments that traders can access through MetaTrader 5.
• Online News & Market Report: This feature helps traders get the latest news and analysis from the financial markets.
• User-friendly and highly customisable interface: This feature helps traders create a comfortable and personalized trading experience.
• Sophisticated order management tools: These are tools that help traders control their positions quickly and efficiently.

MetaTrader 5 is available for both Windows and MacOS devices.

DCFX also offers various tools that can help traders enhance their trading experience and performance. DCFX’s tools include the following categories:

• Technical Indicators: DCFX supports over 80 technical indicators on its MetaTrader 5 platform, such as moving averages, Bollinger bands, MACD, RSI, Stochastic, Ichimoku, and more. DCFX also supports custom indicators that can be created by users or downloaded from third-party sources.
• Trading Signals: DCFX offers free trading signals to its clients through its app and website. DCFX’s trading signals are updated daily and cover various instruments, such as forex, commodities, indices, stocks, and cryptocurrencies.
• Order Types: DCFX supports various order types on its platforms, such as market orders, limit orders, stop orders, trailing stop orders, and pending orders. DCFX also supports one-click and automated trading through Expert Advisors on its MetaTrader 5 platform.

Education

DCFX also offers educational materials, trading signals, and customer support for its users. DCFX has a section on its website called “Education” that contains various resources and information for traders of different levels and backgrounds. DCFX’s education section includes the following:

• Forex Basics: This section covers the fundamental concepts and terms of forex trading, such as currency pairs, pips, lots, leverage, margin, spread, bid/ask, order types, and more.
• Technical Analysis: This section explains the use of technical indicators and tools to analyze the price movements and trends of the market, such as support/resistance, trend lines, moving averages, oscillators, Fibonacci retracements, and more.
• Fundamental Analysis: This section discusses the impact of economic, political, and social factors on the supply and demand of currencies, such as interest rates, inflation, GDP, trade balance, unemployment, news events, and more.
• Trading Psychology: This section explores the psychological aspects of trading and how to overcome the common emotional pitfalls that traders face, such as fear, greed, overconfidence, revenge trading, and more.
• Trading Strategies: This section provides some examples of trading strategies that traders can use or modify according to their own preferences and goals, such as scalping, swing trading, trend following, breakout trading, and more.

DCFX also offers free trading signals to its clients through its app and website. DCFX’s trading signals include the following information:

• Instrument: The name of the financial asset that is being traded.
• Direction: The direction of the trade (buy or sell).
• Entry Price: The price at which the trade should be opened.
• Stop Loss: The price at which the trade should be closed if it goes against the expected direction.
• Take Profit: The price at which the trade should be closed if it reaches the desired profit level.

Markets

DCFX offers a variety of financial products and services, such as forex, commodities, indices, stocks, and cryptocurrencies. DCFX provides its clients with access to more than 70 types of financial assets worldwide through its independent platforms.

DCFX’s markets include the following categories:

• Forex: DCFX offers over 25 major and minor currency pairs with ultra-competitive spreads that start from 0.0 pips. Some of the currency pairs that DCFX offers are EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, NZD/USD, USD/CHF, EUR/GBP, EUR/JPY, GBP/JPY, and more. Forex trading allows traders to profit from the fluctuations of exchange rates between different currencies.
• Commodities: DCFX offers access to various commodities with low margin requirements and high leverage. Some of the commodities that DCFX offers are gold, silver, oil, gas, wheat, coffee, sugar, cotton, cocoa, and more. Commodity trading allows traders to speculate on the price movements of raw materials and natural resources that are essential for the global economy.
• Indices: DCFX offers access to major international stock indices with competitive spreads and low margin requirements. Some of the indices that DCFX offers are S&P 500, NASDAQ 100, FTSE 100, Nikkei 225, and more. Index trading allows traders to trade on the performance of a group of stocks that represent a specific sector or country.
• Stocks: DCFX offers access to international stocks with low commissions and high leverage. Some of the stocks that DCFX offers are Facebook, Amazon, Apple, Tesla, and more. Stock trading allows traders to buy and sell shares of publicly listed companies that have a significant impact on the global market.
• Cryptocurrencies: DCFX offers access to popular cryptocurrencies with low spreads and high leverage. Some of the cryptocurrencies that DCFX offers are Bitcoin, Ethereum, Litecoin, Ripple, and more. Cryptocurrency trading allows traders to buy and sell digital currencies that use cryptography to secure transactions and control the creation of new units.

Accounts

DCFX has two types of trading accounts: Standard and Zero. Both accounts have a maximum leverage of 1000:1 and a minimum trade size of 0.01 lot. The main differences between the two accounts are the minimum deposit, the spread, the commission, and the execution type.

• Standard Account: The Standard account benefits from industrial-leading entry prices, fixed spreads starting from 1.2 pips, and zero commission per lot. The Standard account has a minimum deposit of $30 and a market execution type. The Standard account is suitable for traders who prefer stability and consistency in their trading costs. The Standard account offers over 25 major and minor currency pairs, such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, NZD/USD, USD/CHF, EUR/GBP, EUR/JPY, GBP/JPY, and more. The Standard account also offers access to various commodities, such as gold, silver, oil, gas, wheat, coffee, sugar, cotton, cocoa, and more. The Standard account allows traders to use both DCFX App and MetaTrader 5 platforms to trade on their mobile or desktop devices. The Standard account also provides traders with free trading signals, educational materials, and customer support.
• Zero Account: The Zero account receives raw spreads starting from 0.0 pips, lower commission ($3 per lot per side), and market execution. The Zero account has a minimum deposit of $3000 and an instant execution type. The Zero account is suitable for traders who seek the lowest possible spreads and faster execution speed. The Zero account offers the same instruments as the Standard account, but with lower spreads and higher commissions. The Zero account also offers access to major international stock indices, such as S&P 500, NASDAQ 100, FTSE 100, Nikkei 225, and more. The Zero account also offers access to international stocks, such as Facebook, Amazon, Apple, Tesla, and more. The Zero account allows traders to use both the DCFX App and MetaTrader 5 platforms to trade on their mobile or desktop devices. The Zero account also provides traders with free trading signals, educational materials, and customer support.

Funding

DCFX offers various methods for funding and withdrawing from its trading accounts, such as bank transfers, credit/debit card, e-wallets, and cryptocurrencies. DCFX supports multiple currencies, such as USD, EUR, GBP, AUD, JPY, and more. DCFX does not charge any fees for deposits or withdrawals, but some third-party providers may apply their own fees or commissions.

• Bank Transfer: Bank transfer is one of the most secure and reliable methods of funding and withdrawing from DCFX accounts. Bank transfer usually takes 2-5 business days to process, depending on the bank and the country involved. Bank transfer requires traders to provide their bank details, such as account number, SWIFT code, IBAN number, and beneficiary name. Bank transfer has no minimum or maximum limit for deposits or withdrawals.
• Credit/Debit Card: Credit/debit card is one of the most convenient and fast methods of funding and withdrawing from DCFX accounts. Credit/debit cards usually take a few minutes to process, but it may take up to 24 hours for the funds to appear in the account. Credit/debit cards require traders to provide their card details, such as card number, expiry date, CVV code, and cardholder name. Credit/debit cards have a minimum limit of $30 and a maximum limit of $5000 for deposits or withdrawals.
• E-Wallets: E-wallets are one of the most popular and flexible methods of funding and withdrawing from DCFX accounts. E-wallets usually take a few minutes to process, but it may take up to 24 hours for the funds to appear in the account. E-wallets require traders to have an account with the e-wallet provider and provide their e-wallet ID or email address. E-wallets have different minimum and maximum limits for deposits or withdrawals depending on the e-wallet provider. Some of the e-wallets that DCFX supports are Skrill, Neteller, Perfect Money, WebMoney, FasaPay, PayTrust88, NganLuong.vn, Help2Pay, DragonPay.ph, PaySec.th.
• Cryptocurrencies: Cryptocurrencies are one of the most innovative and volatile methods of funding and withdrawing from DCFX accounts. Cryptocurrencies usually take a few minutes to process, but it may take longer depending on the network congestion and confirmation time. Cryptocurrencies require traders to have a wallet address that can receive and send the cryptocurrency. Cryptocurrencies have no minimum or maximum limit for deposits or withdrawals. Some of the cryptocurrencies that DCFX supports are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether (USDT), Bitcoin Cash (BCH), Dash (DASH), Dogecoin (DOGE), Monero (XMR), Zcash (ZEC).

Conclusion

In conclusion, our examination of DCFX has shed light on its various aspects, from regulation to educational resources, funding options, and more. While DCFX undoubtedly offers some robust features and tools for traders, it’s essential to remember that the world of online brokerage is vast and diverse. As such, alternative options with longer track records also merit consideration. For those seeking a broader spectrum of choices or wishing to explore other established brokers, we encourage you to peruse our comprehensive trading broker reviews. These resources can provide you with additional insights and alternatives that may align more closely with your specific trading preferences and objectives as making an informed decision when selecting a broker is paramount, and we hope our review has contributed to your knowledge in this regard.

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DCFX is an online trading broker that offers access to more than 70 types of financial assets worldwide, such as forex, commodities, indices, stocks, and cryptocurrencies. DCFX provides its clients with innovative technology and powerful features on its independent platforms, such as DCFX App and MetaTrader 5. DCFX also offers educational materials, trading signals, and customer support for its users.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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