DirectFX is an online financial services provider that offers direct access to the global financial markets. They provide traders with the MT4 trading platform for trading multiple financial products across different markets, including Forex, metals, shares, energies, futures, indices, and more. The broker also provides some learning tools, whilst there is a customer support team to assist traders. The minimum deposit required to begin trading is $100.
DirectFX Review, Pros & Cons
- User-friendly trading platform
- Educational resources
- Over 287 financial assets
- Located offshore
- Unregulated brokerage
- No standalone trading tools
- No USA traders
In this detailed DirectFX 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.
Operating from Kingstown, Saint Vincent and the Grenadines, DirectFX is a multi-asset brokerage firm that provides traders with a variety of resources — 24/7 customer support, educational resources, news, and analytics — for trading online. Traders get to trade over 287 financial instruments using the MT4 trading platform, which is available in desktop, web, and mobile versions. Interestingly, the broker offers several competitive trading conditions, including tight spreads, leverage of up to 1:400, zero commission, various account options, and more.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
DirectFX offer their services to traders from different parts of the globe where the use of such services would not be contrary to local laws or regulations. They cannot offer services in the USA.
Some DirectFX features and products mentioned within this DirectFX review may not be available to traders from certain countries because of legal restrictions.
At DirectFX, all trading activities are carried out via the popular MT4 trading platform. The platform is equipped with an impressive set of advanced trading and analytical features. With a user-friendly interface, the MT4 platform makes it easy for traders to find their way around the markets. The platform is designed for Forex and CFD trading, allowing traders to perform advanced trading operations, run trading robots (expert advisors), and copy the trades of other traders.
The platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is designed for mobile devices running on Android and iOS. The mobile app is best suited for traders who would want to get access to their trading accounts and place trades even while on the move.
DirectFX Trading Tools
There are no standalone trading tools on the broker’s website at the moment. Traders are expected to make do with the tools that were built into the MT4 trading platform.
There is a range of learning resources on the broker’s website, which are designed to improve clients’ trading knowledge. Some of the educational resources include learning articles, news &analytics, newsletters, advanced training courses, and more.
DirectFX offers the following financial markets: forex, metals, shares, energies, futures, and indices.
DirectFX Accounts & Fees
The broker provides traders with a choice of two live trading account options: Standard ($100) and Premium ($500) accounts. A demo account is available to help traders practice trading with virtual funds before opening a live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this DirectFX review. It is imperative to ensure that you check and understand all of the latest information before you open a DirectFX broker account for online trading.
DirectFX provides traders with a knowledgeable client support team who are available 24/7 and can be reached via telephone, email, and social media.
DirectFX Deposit & Withdrawal
Traders can deposit and withdraw funds using bank transfers and some online payment processors, such as Neteller, Skrill, Sofort, and more.
DirectFX Account Opening
To open a trading account with DirectFX, click on the “ Registration” button on the broker’s website and fill in the account application form and follow all the subsequent instructions.
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 with them.
Based in Kingstown, Saint Vincent and the Grenadines, DirectFX is an online broker that allows clients to trade several financial instruments on the MT4 trading platform. They provide traders with several competitive trading conditions to ensure seamless trading whilst offering them access to various educational resources and a 24/7 customer support team. The minimum deposit required to start trading is $100. However, there is no regulatory information on the broker’s website at the moment.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.