DIF Broker Review
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.
DIF Broker Review, 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
In this detailed DIF Broker 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.
DIF Broker Overview
Established in 1999, DIF Broker is an online brokerage firm that is based in Europe. They provide trading, investment advisory, and portfolio management services, offering over 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 their clients plan their 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 utilise the latest technology to find appropriate solutions.
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. Over the years, they have won multiple awards, including the Best Online Broker Western Europe 2017 and the Best Multi-Asset Provider Latin America 2017, from the Global Banking & Finance Review Awards.
DIF Broker 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, the broker provides 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 Countries
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. The broker also serves residents of Uruguay, as well as other international clients, provided the local laws in the country of residence allows the trader to trade with an international broker. They cannot accept US traders.
Some DIF Broker features and products mentioned within this DIF Broker review may not be available to traders from specific countries due to legal restrictions.
DIF Broker Platforms
DIF Freedom Platform
DIF Broker offers clients 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 them to track and view specific price lists, assets, or stock exchanges.
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. 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.
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.
DIF Broker Trading Tools
Most of the necessary trading tools are built into their multi-asset platform. However, DIF Broker offers investors some investing tools that can help them achieve their 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: This allows you to use protective put options techniques to try and protect your portfolio from downside risk.
DIF Broker Education
DIF Broker does not offer their clients any educational resources at the moment, but that may change in the future.
DIF Broker Instruments
DIF Broker offers over 35,000 instruments across multiple asset classes including 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 Accounts & Fees
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 which clients can use to practice their strategies and test the broker’s platform in a risk-free environment.
As broker fees can vary and change, there may be additional fees that are not listed in this DIF Broker review. It is imperative to ensure that you check and understand all of the latest information before you open a DIF Broker brokerage account for online trading.
DIF Broker Support
DIF Broker has a dedicated customer service team that is readily available to answer clients’ 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.
DIF Broker Deposit & Withdrawal
The broker accepts limited account funding and withdrawal methods. For account funding, the broker accepts cash deposits, wire transfer, or transfer of securities. They may take a few business days to be processed. DIF Broker will only accept wire transfers or securities in the client’s 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.
DIF Broker Account Opening
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.
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.
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.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
DIF Broker Summary
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. 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 they do not have the lowest commission fees and spread that the trading brokers review team have seen when compared to some of the best brokers.
There are no MetaTrader platforms or cryptocurrency trading provided. Furthermore, the broker could expand on their educational resources and offer online chat support.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.