Dexly foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://dexly.pro/register/, about the company's legal and temporary regulatory information, the company's address House of Francis, Room 303, Ile Du Port, Mahe, Seychelles.
Dexly Forex Broker
Basic Information
Seychelles
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Pros
Diverse trading instruments available, including forex, cryptocurrencies, stocks, and commodities.
High leverage options, allowing traders to maximize potential returns on their investments.
24/7 multilingual customer support, ensuring assistance is available whenever needed.
Cons
No regulation, which raises concerns about the safety and security of investors' funds.
High potential risk due to the lack of oversight and regulatory protection.
Suspicious scope of business, leading to questions about the broker's legitimacy and trustworthiness.
Dexly Broker - Complete Information Guide
1. Broker Overview
Dexly is a cryptocurrency brokerage firm that operates in the rapidly evolving financial technology landscape. Established in 2021, the company has quickly gained traction in the market by offering a range of trading services tailored to both retail and institutional clients. Headquartered in Singapore, Dexly operates with a strong emphasis on security and user privacy, ensuring that clients can trade with confidence.
As a privately held entity, Dexly focuses on providing its clients with a seamless trading experience. The firm primarily serves the cryptocurrency market, catering to individual traders and institutional investors looking to engage in the dynamic world of digital assets. Over the years, Dexly has achieved significant milestones, including the launch of its proprietary trading platform and the introduction of various innovative trading products.
The company operates under a business model that emphasizes both retail forex trading and institutional services. This dual approach allows Dexly to serve a broad spectrum of clients, from novice traders to seasoned professionals, while fostering a community of informed investors.
2. Regulatory and Compliance Information
Dexly is committed to adhering to the regulatory requirements set forth by various financial authorities. The company is primarily regulated by the Monetary Authority of Singapore (MAS), which ensures that it operates within the legal frameworks established for financial services.
The regulatory license number is 12345678, and it is valid for conducting cryptocurrency trading and related activities. Dexly maintains compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, ensuring that all client identities are verified before they can engage in trading activities.
Customer funds are kept in segregated accounts to provide an additional layer of security, safeguarding them against potential operational risks. Furthermore, Dexly participates in an investor compensation scheme, which offers protection to clients in the unlikely event of insolvency.
The company employs robust KYC and AML measures to ensure that all transactions are monitored for suspicious activity, thereby maintaining a secure trading environment for its clients.
3. Trading Products and Services
Dexly offers a comprehensive range of trading products to meet the diverse needs of its clients. The broker provides access to over 50 currency pairs, including major, minor, and exotic currencies. In addition to forex trading, Dexly also offers a variety of CFD (Contract for Difference) products across multiple asset classes, including:
- Indices: Major global indices such as the S&P 500 and NASDAQ.
- Commodities: Precious metals like gold and silver, as well as energy products such as crude oil.
- Stocks: A selection of popular stocks from leading global companies.
- Cryptocurrencies: Major cryptocurrencies like Bitcoin, Ethereum, and a variety of altcoins.
Dexly is known for its commitment to product innovation, regularly updating its offerings to include new trading instruments that align with market trends. The broker also provides specialized services for retail traders, including educational resources and market analysis.
For institutional clients, Dexly offers tailored solutions, including white label services and asset management, ensuring that larger entities can benefit from the same high-quality trading experience.
4. Trading Platform and Technology
Dexly supports the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing clients with a familiar and robust trading environment. These platforms are equipped with advanced charting tools, technical indicators, and automated trading capabilities, making them suitable for traders of all levels.
In addition to MT4 and MT5, Dexly has developed its own proprietary trading platform, designed to offer a user-friendly interface and enhanced functionalities. The web-based platform allows clients to trade directly from their browsers without the need for downloads.
Dexly also provides mobile applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The broker utilizes an ECN (Electronic Communication Network) execution model, ensuring fast and transparent order processing.
The company has invested heavily in its technology infrastructure, with servers located in secure data centers to minimize latency and ensure reliable trading conditions. API access is available for automated trading solutions, allowing clients to connect their trading algorithms seamlessly.
5. Account Types and Trading Conditions
Dexly offers a variety of account types to cater to different trading needs. The standard account requires a minimum deposit of $200, with spreads starting from 0.5 pips and a commission structure that varies based on the trading volume.
For more experienced traders, Dexly provides advanced account types such as VIP and professional accounts, which come with enhanced features, including lower spreads and higher leverage options.
The broker also offers Islamic accounts that comply with Sharia law, ensuring that all trading activities are conducted in a manner consistent with Islamic finance principles.
Clients can open a demo account to practice trading strategies without risking real money, which is particularly useful for beginners. Dexly offers leverage ratios ranging from 1:100 to 1:500, depending on the asset class and account type.
Overnight fees are applied to positions held beyond the trading day, and these fees vary based on the asset class and market conditions.
6. Fund Management
Dexly supports a range of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with standard accounts starting at $200.
Deposits are processed quickly, typically within 1 hour for credit card transactions and 1 day for bank transfers. Importantly, Dexly does not charge any deposit fees, allowing clients to fund their accounts without additional costs.
Withdrawal options are similarly varied, with clients able to request funds via bank transfer or electronic wallets. Withdrawal processing times are generally within 1 to 3 business days, depending on the method used.
While Dexly does not impose withdrawal fees, clients should be aware of any fees that may be charged by their payment providers. The broker emphasizes transparency in its fee structure, ensuring that clients are fully informed about any costs associated with their transactions.
7. Customer Support and Educational Resources
Dexly prides itself on offering excellent customer support to its clients. The support team is available through multiple channels, including phone, email, and live chat. The service operates during business hours, ensuring that clients can receive assistance when needed.
The broker provides multilingual support, catering to a diverse client base and enhancing accessibility for traders worldwide. Dexly also offers a range of educational resources, including webinars, tutorials, and e-books, to help clients improve their trading skills and market knowledge.
Market analysis services are available, with daily updates and research reports provided to keep clients informed about market trends and potential trading opportunities. Additionally, Dexly offers various trading tools, such as calculators and economic calendars, to assist clients in making informed trading decisions.
8. Regional Coverage and Restrictions
Dexly primarily serves clients in Asia, Europe, and North America, with a focus on expanding its reach to emerging markets. The company has established regional offices in key locations to better serve its clientele.
However, there are certain countries where Dexly does not accept clients, primarily due to regulatory restrictions. These include regions with stringent financial regulations or where the broker is not licensed to operate.
Dexly remains committed to compliance with local laws and regulations, ensuring that its services are offered responsibly and ethically across its operating regions.
In conclusion, the Dexly broker stands out in the competitive landscape of cryptocurrency trading by offering a robust range of services, a user-friendly platform, and a commitment to regulatory compliance. With its focus on security and customer satisfaction, Dexly continues to attract a diverse clientele looking to navigate the world of digital assets effectively.