DIF Broker Review

Alyaziah Hayat | May 19, 2022

DIF Broker is a Europe-based online brokerage firm that aspires to be different from other brokers – DIF means Different! They offer online trading and investing services to traders across Europe, Latin America, and any other region that allows trading with international brokers. With them, you can trade over 35,000 instruments across multiple asset classes, such as stocks, forex, bonds, indices, futures, options, ETFs, and CFDs, via their in-house multi-asset trading platform. You can compare them to other top brokers through our broker ratings.

Broker Pros / Cons
  • Multi-regulated broker
  • Proprietary multi-asset trading platform
  • A wide range of tradable assets
  • Investment advisory & portfolio management services
  • No educational resources
  • No MetaTrader platforms
  • No cryptocurrency trading
  • Limited account funding & withdrawal methods
  • Not the lowest commission or spreads
  • No online chat support
  • Video call required during account opening process
  • Minimum $500 deposit

Summary

Established in 1999, DIF Broker is an online brokerage firm that is based in Europe. They provide trading, investment advisory, and portfolio management services. I like their wide variety of trading instruments where they offer 35,000 instruments across multiple asset classes, such as stocks, forex, bonds, indices, futures, options, ETFs, and CFDs, through their in-house developed DIF Freedom trading platform.

The broker focuses their business model on growing with their clients and keeping them happy. They are readily available to help you plan your finances in the medium and long-term, with the purpose of achieving specific goals, such as retirement, university funding, getting a new house, or any goal whatsoever. To provide this unique service, they focus on customized relationships with clients and utilize the latest technology to find appropriate solutions.

I like how the broker is fully regulated in Portugal and Spain, and, via their MiFID II passport, they are registered with the financial regulators of many European countries.

Regulation

DIF Broker is the brokerage name of DIF BROKER SOCIEDAD FINANCIERA DE CORRETAGEM S.A. which is authorized to provide investment services and other related auxiliary services by the Comissão do Mercado de Valores Mobiliários (CMVM) in Portugal and Comisión Nacional del Mercado de Valores (CNMV) in Spain.

The broker is authorized to provide investment services and other auxiliary services in the financial markets, including online trading in foreign exchange, stocks, futures, and CFDs (Contracts for Difference). With their MiFID II passport, I like how the broker is able to provide their financial services in all the 28 European Union members, as well as other members of the European Economic Area (EEA), such as Liechtenstein and Norway.

DIF Broker is registered with the relevant regulators in the following countries:

  • Bulgaria, FSC: 19333/DIPR/2012/11067
  • Germany, BaFin: ID: 120502
  • Italy, Consob: No. 3663
  • Netherlands, AFM: 325663
  • Poland, KNF
  • Portugal, CMVM: 276
  • Romania, FSC
  • France, Bank France CIB: 72000
  • Spain, CNMV: Registry no. 36
  • UK. FCA: 434573

There is also a DIF Broker branch in Uruguay (DIF Markets Agente de Valores S.A.), which is regulated by the Central Bank of Uruguay 2005/215.

DIF Broker is a member of the Indemnity System for Investors (SII), which aims to guarantee that all customers’ claims are covered, in case of noncompliance.

DIF Broker offers its services primarily to residents of Portugal and Spain and, through MiFID II passport, to all residents of the European Economic Area. Though I appreciate that the broker also serves residents of Uruguay, as well as other international clients, provided the local laws in the country of residence allow you to trade with an international broker. They cannot accept US traders.

Platforms

DIF Freedom Platform

DIF Broker offers you their in-house developed multi-asset Freedom platform through which they can always gain fast and reliable access to the financial markets to trade over 35,000 instruments from any PC, Mac, tablet, or smartphone. The platform allows you to track and view specific price lists, assets, or stock exchanges.

I like that with its intuitive interface, the platform is easy to use. You can place trades, manage orders, and work from charts in few clicks, with streamlined navigation across a user-friendly workspace. The platform also provides access to financial news, relevant market data, and economic news to make informed investment decisions. I like how you can view detailed reports on your account, including profits and losses and the performance or history of your portfolio over any period of time, which can help you evaluate progress and adjust strategies at any time.

DIF Broker Trading Platform

DIF Broker Trading Platform

The platform is available in two versions: the web version and the downloadable version. The web version can run directly on any modern web browser, such as Safari, Firefox, Edge, and Chrome, so you can trade seamlessly on desktop, laptop, tablet, or mobile, with your settings and preferences automatically synced between devices.

For the downloadable version of the platform, you have to download and install it on your device/devices. Thus, you can distribute your investment modules and chart analysis across multiple monitors on your computer.

I would’ve liked to see them offer their services on the MT4, MT5 and cTrader platforms as well like other brokers such as Pepperstone.

Tools

Most of the necessary trading tools are built into their multi-asset platform. However, DIF Broker offers you some investing tools that can help you achieve your different investing goals. Some of the investing aids include:

  • Invest with an Advisor: This offers you the help you need to pursue your financial goals by presenting you with some investment opportunities to address your needs and goals.
  • Invest with a Portfolio Manager: It offers discretionary management of a client’s financial assets. With this, your portfolio is customized and adapted to your needs, but, first, DIF Broker has to get a comprehensive analysis of your need, characteristics, and expectations to be able to offer the appropriate investment solutions.
  • Invest with DIF Protect: I like this tool as it allows you to use protective put options techniques to try and protect your portfolio from downside risk.

Education

DIF Broker does not offer you any educational resources at the moment, but that may change in the future. For a good variety of educational resources, I recommend checking out IronFX.

Markets

DIF Broker offers over 35,000 instruments across multiple asset classes. I really like how this offering is much more than most brokers. DIF Broker offers the following:

  • Stocks: Over 19,000 stocks trading on 36 exchanges
  • Bonds: Direct access to different types of global bonds
  • Forex: 182 forex currency pairs for Spot FX trading and 140 pairs as Forward Outrights
  • Options: Real-time trading in more than 1,000 options from a single account
  • Futures: Over 200 futures from 22 global exchanges with a diversity of categories, including commodities stock indices, interest rates, and currencies
  • ETFs: More than 1,000 ETFs available for trading
  • CFDs: There are over 9,000 CFD, including stocks, indexes, raw materials, and others
DIF Broker Instruments

DIF Broker Instruments

Accounts

DIF Broker offers different investing services. You can choose from three investing account options:

  • Brokerage Account
  • Advisory Account
  • Portfolio Management Account

For the Brokerage Account, the broker offers three account options, namely:

  • Individual Account: For one individual owner
  • Joint Account: This is an account with two individuals as the joint owners. Each owner has the power to operate the account without requiring authorization from the other. Both the individuals go through the digital form filling/signing independently. During the process, one person is defined as the primary owner, and the other person is linked to the primary.
  • Corporate Account: This is an account for a corporate/company

There are also demo trading accounts that you can use to practice your strategies and test the broker’s platform in a risk-free environment.

Support

DIF Broker has a dedicated customer service team that is readily available to answer your general, account-related, and technical questions. They can be reached during office hours, from 09:00 am to 06:00 pm local time. You can reach them via email, telephone, and call-back form. I would’ve liked to see them offer 24/7 customer support like other top brokers such as Trading 212.

Funding

I’m disappointed that the broker only accepts limited account funding and withdrawal methods. For account funding, the broker accepts cash deposits, wire transfer, or transfer of securities. I would’ve liked to see them offer crypto as a method of funding like other top brokers such as Hankotrade. They may take a few business days to be processed. DIF Broker will only accept wire transfers or securities in your own name. Wire transfers or securities received by DIF Broker from third parties will be rejected and returned. Withdrawals can only be processed via wire transfer, which takes some working days to get cleared.

Signup

To open an account with DIF Broker, you need to determine the type of investing you want — Investing by myself, Investing with an adviser, and Investing with a Portfolio Manager. Then, click on the “Open Account” button on the top left corner of the broker’s website and click on your preferred investing option.

DIF Broker Account Opening

DIF Broker Account Opening

Depending on your choice, you will either be taken to a page where you fill the account opening form or, if it is the investing by myself option, be directed to a page where you select the type of account you want — individual, joint, or corporate account. Select the account option and fill the form displayed.

DIF Broker Account Opening Form

DIF Broker Account Opening Form

You will be required to provide the following documents:

  • Proof of identification
  • Proof of address
  • Proof of taxpayer number if not included in the ID

Finally, the broker will call you for identity verification via a video call.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

DIF Broker is a Europe-based online brokerage firm that aspires to be different from others by offering unique trading and investing services to traders across Europe, Latin America, and any other region that allows trading with international brokers. The broker is fully regulated in Portugal and Spain, and via their MiFID II passport, they are registered with the financial regulators of many European countries. I like how they provide their clients with their in-house multi-asset trading platform and a wide range of instruments for trading online.

Despite the positives, there is a $500 minimum requirement to open an account with this broker and their commission is pretty high as compared to other brokers like CAPEX.

I don’t like how there are no MetaTrader platforms or cryptocurrency trading provided. Furthermore, I believe the broker could expand on their educational resources and offer online chat support. If DIF Broker does not meet your needs, you can check out the best trading platforms for alternatives.

Dif Broker Logo

Min $500 Deposit

DIF Broker offers online trading & investing services to traders across the globe with over 35,000 instruments across multiple asset classes to trade online including Stocks, Forex & CFDs.

80% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

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