Dizicx ReviewCategory: Reviews | Author: Trading Brokers | Date: January 1, 2024
Diving into the world of forex trading? You might have come across Dizicx, a regulated Forex CFD provider that’s been on the scene since 2016. Known for its transparency and top-notch service, Dizicx offers a range of trading platforms. They’ve also got a pretty diverse selection of markets, from forex and commodities to indices and cryptocurrencies. Whether you’re just starting or an old hand at trading, Dizicx has an account type that’ll fit your needs. In this review, we’re going to unpack all the features, pros, and cons of Dizicx to help you figure out if it’s the right broker for you. So, let’s jump right in!
Pros & Cons
- Dizicx has a blog that serves as an educational resource for traders
- They offer a demo account for practice
- Dizicx offers a wide range of trading platforms, including MT5 and a proprietary mobile platform
- They provide a diverse selection of markets, including forex, commodities, indices, and cryptocurrencies
- Regulatory Concerns
- Market execution is not available on the Standard account
- The spreads on the Standard account are higher compared to other brokers
- The selection of CFDs is not extensive
- The broker doesn't offer cent accounts
Founded in 2016, Dizicx is a regulated Forex CFD provider that focuses on transparency and superior service for its clients. It is located on the First floor of the 1st St.Vincent Bank Ltd. building on James Street, Kingstown St. Vincent and the Grenadines. They offer a variety of trading platforms, including MetaTrader 5, cTrader, and a proprietary mobile platform, catering to different trading preferences.
With a diverse selection of markets, including forex, commodities, indices, and cryptocurrencies, Dizicx provides a comprehensive trading environment for traders. They also offer a range of account types, such as Standard Cent, Standard, and Pro accounts, to suit different trading needs and preferences. To make it easy for traders to manage their accounts, Dizicx provides a variety of convenient funding methods, including bank transfer, credit/debit card, e-wallets, and crypto. However, it’s important to note that Dizicx Limited does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan.
Dizicx is a regulated Forex and CFD provider, which means they are subject to rules and regulations that help protect traders and maintain a fair trading environment. This is an important aspect to consider when choosing a broker, as it helps to ensure that there’s no price manipulation, and no requotes on their main and most famous account type.
The key regulatory body that Dizicx is registered with is the Financial Services Commission (FSC) in Mauritius and it has license number: GB23201694. The FSC is responsible for the licensing, supervision, and regulation of non-banking financial services in Mauritius. By being registered with the FSC, Dizicx demonstrates its commitment to maintaining a high level of transparency and adhering to strict regulatory standards.
This registration provides an extra layer of safety for all clients’ funds, as the FSC requires brokers to maintain segregated accounts for client funds, ensuring that they are separate from the company’s operational funds.
However, the FSC Mauritius, or the Financial Services Commission of Mauritius, appears to be an obscure offshore regulatory body with questionable authority. Dizicx does not seem to have legitimate regulatory oversight from reputable agencies that provide adequate client protection. The contradictions over licensing, combined with incorporation in an offshore tax haven, create too much risk for traders.
If you’re considering trading with Dizicx, it’s crucial to understand these risks and to consider whether this is the right platform for you. If you’re unsure or would like to explore other options, please see a list of regulated brokers for some alternative choices.
Platforms & Tools
When it comes to platforms and tools, Dizicx has got you covered. They offer a variety of platforms to suit different trading styles and preferences.
Their supported platforms include;
- MT5 Desktop, Mobile, and Web Trader: This is a comprehensive trading platform that’s widely used in the forex trading community. It offers advanced charting tools, multiple order types, and a customizable interface. With the MT5 platform, you can trade from your desktop, or mobile device, or directly from your web browser, giving you the flexibility to trade wherever and whenever you want.
- Trade Interceptor: This is Dizicx’s proprietary mobile-first trading platform. Designed with the modern trader in mind, Trade Interceptor offers a user-friendly interface, advanced charting capabilities, and a range of trading tools. It’s perfect for traders who prefer to manage their trades on the go.
- cTrader: Known for its speed and reliability, cTrader is another platform offered by Dizicx. It provides a seamless trading experience with a clean, intuitive interface, and a range of advanced trading tools. It’s a great choice for both beginner and experienced traders.
In terms of trading tools, Dizicx offers:
- Market Analysis: This tool provides insights into market trends and movements. It can help you understand the current market conditions and make informed trading decisions.
- Economic Calendar: The Economic Calendar is a useful tool for keeping track of major economic events that could impact the markets. It can help you plan your trades and strategies based on upcoming economic data releases and events.
- Forex News: Stay updated with the latest news and developments in the forex market with Dizicx’s Forex News tool. This can help you understand the factors that are driving the market and potentially influencing your trades.
- Trading Calculator and Profit Calculator: These calculators can help you estimate potential profits and losses from your trades. They can be a useful tool for risk management, helping you to understand the potential outcomes of your trades before you place them.
When it comes to education, Dizicx keeps it simple. They offer a blog that serves as their main educational resource. This blog is a treasure trove of information, covering a wide range of topics related to forex trading.
The blog posts are written in a way that’s easy to understand, making them suitable for both beginners and experienced traders. They cover a variety of topics, from basic concepts and trading strategies to market analysis and trading psychology. This means you can learn a lot just by spending some time reading through the posts.
One of the great things about the Dizicx blog is that it’s regularly updated. This means you can always find fresh content and stay up-to-date with the latest trends and developments in the forex market.
So, if you’re looking to expand your knowledge and improve your trading skills, the Dizicx blog is a great place to start. Whether you’re a newbie looking to learn the basics or an experienced trader wanting to refine your strategies, there’s something for everyone.
Dizicx offers a variety of markets for traders to explore. They provide access to up to 6 instruments, which means you have plenty of options when it comes to trading;
- Forex: Dizicx offers over 55 currency pairs for trading. This includes major pairs like EUR/USD and GBP/USD, as well as a variety of minor and exotic pairs. This wide selection gives you the flexibility to trade in the markets that best suit your trading strategy and risk tolerance.
- Commodities: If you’re interested in trading commodities, Dizicx has got you covered. They offer a range of commodities including oil, gas, and various agricultural products. Trading commodities can be a good way to diversify your portfolio and potentially profit from changes in supply and demand.
- Indices: Dizicx provides access to 9 global indices. This allows you to speculate on the performance of a group of stocks from a specific country or region. Trading indices can be a good way to gain exposure to a specific country’s stock market without having to trade individual stocks.
- Cryptocurrencies: For those interested in the exciting world of digital currencies, Dizicx offers a broad range of cryptocurrencies for trading. This includes popular cryptocurrencies like Bitcoin and Ethereum. Trading cryptocurrencies can be volatile, but it can also offer significant profit potential.
- Metals: Dizicx also offers trading in precious metals like gold, silver, platinum, and copper. Trading metals can be a good way to hedge against inflation and currency fluctuations.
- CFDs on Shares: With over 1200 shares to choose from, you can trade Contracts for Difference (CFDs) on a wide variety of companies. Trading CFDs allows you to speculate on the price movement of a company’s shares without actually owning the shares.
With such a diverse range of markets, Dizicx caters to different trading interests and strategies. Whether you’re into forex, commodities, or cryptocurrencies, there’s something for everyone.
Dizicx offers a variety of account types to cater to different trading needs and preferences:
- Standard Cent Account: This account is perfect for those who are new to trading or want to test out strategies without risking too much capital. The minimum deposit is just $1, and you can trade with leverage up to 1:1000. Spreads start from 1 pip, and there’s no commission on trades. You can trade forex and metals on this account, and hedging is allowed. The order execution is instant, and there’s no swap. Scalping is also allowed, making it a flexible option for different trading strategies.
- Standard Account: With a slightly higher minimum deposit of $25, the Standard Account offers the same leverage, spreads, and trading instruments as the Standard Cent Account. The order execution is also instant, and there’s no swap. Scalping is allowed, and hedging is also permitted.
- Pro Account: For more experienced traders, the Pro Account might be a better fit. The minimum deposit is $500, and the leverage is lower at 1:200, which can help manage risk. Spreads start from just 0.1 pips, and there’s a commission of $3 on both sides of the trade. You can trade forex, CFDs, and metals on this account, and hedging is allowed. The order execution is market execution, there’s a swap, and scalping is allowed.
In addition to these live accounts, Dizicx also offers a demo account. This is a great option for beginners who want to practice trading without risking real money, or for more experienced traders who want to test out new strategies
Dizicx offers a variety of funding methods to make it easy for traders to deposit and withdraw funds from their accounts:
- USDT (TRC20 and ERC20): These are types of Tether, a cryptocurrency that’s pegged to the US dollar. Deposits and withdrawals using USDT are instant, which means you can quickly move funds in and out of your trading account.
- Wire Transfer: This is a traditional method of transferring funds. It’s secure and can handle large amounts, but it can take 3-5 working days for the funds to appear in your account.
- Bank Card Payment: If you prefer to use your bank card, Dizicx has you covered. Deposits are processed within 30 minutes, so you can start trading almost immediately.
- Perfect Money: This is a popular online payment service. Deposits using Perfect Money are instant.
- Local Bank Transfer: If you prefer to transfer funds from your local bank, this option is available. It takes up to 60 minutes for the funds to appear in your account.
- UPI Payment and UPI QR Code: These are popular payment methods in India. They’re fast and convenient, with deposits processed within 30 minutes.
- Local Cash: If you prefer to deposit cash, Dizicx offers this option as well. It takes up to 60 minutes for the funds to appear in your account.
Remember, the time it takes for funds to appear in your account can vary depending on the method you choose. Always make sure to check the processing times and any potential fees before making a deposit or withdrawal
In conclusion, Dizicx offers a wide range of features that cater to different types of traders. From a variety of trading platforms and educational resources to a diverse selection of markets and account types, Dizicx provides a comprehensive trading environment. Their funding methods are also varied and convenient, making it easy for traders to manage their accounts.
Overall, Dizicx appears to be a solid choice for traders looking for a regulated broker with a wide range of offerings. However, it’s worth noting that while Dizicx offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews.