DCNForex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.dcnfex.com/register/fast, about the company's legal and temporary regulatory information, the company's address One World Trade Center 285 Fulton St 77th Floor, New York, NY 10007 United States.
DCNForex Forex Broker
Basic information
United States
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
DCNForex Information
DCNForex, headquartered in the United States, is a newly-established unregulated broker, claiming to offer 500+ trading instruments across Forex, Commodities, Bonds, Metals, Energies, Shares, and Indices with leverage up to 1:100, spread from 0.001 pips and no commissions. Demo accounts are available and there is no minimum deposit requirement to open a live account. Instead of the leading MT4 and MT5 trading platforms, trading platforms available are only a web-based platform and DCNForex App.
Pros & Cons
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Is DCNForex Legit?
DCNForex currently has no valid regulations. Please be aware of the risk!
Market Instruments
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Bonds | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
DCNForex offers three account types. All of the accounts require no minimum deposits and are swap-free.
Cent Account: The Cent Account is tailored for traders who prefer to trade in smaller volumes. It allows trading in cents
Pro Account: The Pro Account is suited for experienced traders who prioritize low spreads and competitive trading conditions.
Premium Account: The Premium Account comes with additional benefits or perks tailored to high-volume traders or those with specific trading preferences.
Leverage
DCNForex advertises leverage of up to 1:100.
Leverage allows you to control a larger position size than your initial deposit. For example, with 1:100 leverage, a $100 deposit would allow you to control a $10,000 position.
If the market moves in your favor, leverage can amplify your potential returns. A small profitable move on a large position can translate to significant gains.
However, the flip side of magnified profits is magnified losses. A small move against your position can lead to substantial losses that could wipe out your entire account balance.
Spread & Commission
The spread represents the difference between the bid price (the price at which a trader can sell an asset) and the ask price (the price at which a trader can buy an asset).
On DCNForex, you can benefit from spreads starting from as low as 0.001 pips.
In addition to competitive spreads, DCNForex advertises to charge no commission fees across all account types.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Web | / |
| DCNForex App | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Rating Index
DCNForex Similarly Rated Brokers
Latest Reviews
FX1479526564
United States
Excited by DCNForex's broad offerings and zero minimum deposit, I dove in, hoping for a robust trading platform. However, the joy was short-lived when I discovered their NFA regulation was unauthorized, casting doubt on their reliability. In short, while DCNForex has attractive features, the regulatory red flags are concerning. Proceed with caution or explore safer options.
Neutral
2024-06-04
Linglay
Belarus
DCNForex is by far the best in the Business. DCNForex provides a great trading facility, free quality education, good client service where withdrawing your profits are always fast and easy. The year end DCNForex was fantastic to attend with many prizes e.g.1st prize a car, VW GTI.
Positive
2024-07-09