DGCX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.dgcx.ae/, about the company's legal and temporary regulatory information, the company's address Floor 37, Gold Tower, Cluster I, Jumeirah Lake Towers, Dubai, UAE.
The Dubai Gold and Commodities Exchange (DGCX), established in 2005, is the first derivatives exchange in the Middle East. Located in Dubai, United Arab Emirates, DGCX operates under the regulatory framework of the Dubai Multi Commodities Centre (DMCC). As a private entity, it serves a diverse clientele, including retail traders, institutional investors, and corporations seeking to trade in commodities and currency derivatives.
Since its inception, DGCX has made significant strides in expanding its product offerings and enhancing trading infrastructure. The exchange has introduced various innovative products, including Sharia-compliant contracts, and has become a pivotal player in the MENA region's financial landscape. The exchange aims to provide a secure and efficient trading environment, facilitating access to global markets for its members.
DGCX operates as a clearing house, ensuring that all trades are settled efficiently and securely. Its business model encompasses both retail forex trading and institutional services, catering to a wide array of market participants. As a DGCX broker, firms can access a range of trading instruments, including precious metals, base metals, energy products, and currency pairs.
DGCX is regulated by the Securities and Commodities Authority (SCA) of the UAE, ensuring compliance with strict regulatory standards. The registration number for DGCX is F003059, and it holds various licenses that allow it to operate as a derivatives exchange. The regulatory framework is designed to protect investors and maintain market integrity.
The exchange ensures that client funds are kept in segregated accounts, providing an additional layer of security for investors. Moreover, DGCX participates in investor compensation schemes, offering protection to clients in case of broker insolvency.
To comply with international standards, DGCX implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. These protocols are essential for maintaining transparency and preventing illicit activities within the trading environment.
DGCX offers a wide variety of trading products, catering to the diverse needs of its clients. The exchange provides access to:
The frequency of product updates is consistent, with new instruments being introduced based on market demand and feedback from members. Retail trading services are complemented by institutional offerings, allowing for a comprehensive trading experience.
Additionally, DGCX brokers can leverage white-label solutions and asset management services, enhancing their service portfolio and enabling them to cater to a broader client base.
DGCX supports the widely-used MetaTrader 5 (MT5) platform, providing traders with advanced tools for analysis and execution. The platform is known for its user-friendly interface and robust functionality, allowing traders to engage in various trading strategies effectively.
In addition to MT5, DGCX may offer proprietary trading platforms that cater to specific trading needs. The exchange's web-based trading platform is accessible from multiple devices, ensuring traders can manage their accounts and execute trades seamlessly.
Mobile applications for both iOS and Android devices are also available, providing traders with the flexibility to trade on the go. DGCX operates on an Electronic Communications Network (ECN) model, ensuring fast execution and competitive pricing.
The exchange's infrastructure is supported by state-of-the-art technology, including high-speed servers located in strategic locations to minimize latency. Furthermore, DGCX offers API access for automated trading, enabling clients to develop and deploy trading algorithms efficiently.
DGCX provides various account types to cater to the needs of different traders. Standard accounts typically require a minimum deposit, with competitive spreads and commissions. Advanced account types, such as VIP and professional accounts, offer enhanced trading conditions, including lower spreads and higher leverage.
Islamic accounts are available for traders seeking Sharia-compliant options, ensuring that all trading practices adhere to Islamic finance principles. Additionally, DGCX offers demo accounts for traders to practice and familiarize themselves with the trading environment before committing real funds.
Leverage ratios can vary based on the asset class, allowing traders to maximize their trading potential while managing risk effectively. The minimum trade size and overnight fees are clearly outlined, ensuring transparency in trading conditions.
DGCX brokers offer a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary by account type, ensuring accessibility for all traders.
Deposit processing times are typically swift, allowing traders to fund their accounts without significant delays. Importantly, DGCX brokers do not impose fees on deposits, enhancing the overall trading experience.
Withdrawal methods are equally diverse, with clear limitations and processing times communicated to clients. The fee structure for withdrawals is transparent, ensuring that traders are aware of any potential costs associated with their transactions.
DGCX brokers provide multiple support channels, including telephone, email, live chat, and social media platforms. Customer service is available during trading hours, accommodating clients across different time zones.
Multilingual support is offered, catering to the diverse client base of DGCX. Educational resources, such as webinars, tutorials, and e-books, are available to help traders enhance their knowledge and skills.
Market analysis services are also provided, including daily updates, news, and research reports. DGCX brokers equip their clients with various trading tools, such as calculators, economic calendars, and signal services, to support informed trading decisions.
DGCX primarily serves clients in the Middle East, with a strong focus on the UAE market. The exchange has established regional offices to facilitate local operations and enhance client support.
While DGCX welcomes clients from various jurisdictions, certain countries may be restricted due to regulatory compliance. It is essential for potential clients to verify their eligibility before engaging with DGCX brokers.
Overall, DGCX stands as a leading player in the derivatives trading landscape, offering a robust platform for traders looking to access a diverse range of products and services. As a DGCX broker, firms can leverage the exchange's infrastructure and regulatory framework to provide their clients with a secure and efficient trading experience.
FX2363479909
Hong Kong
Now, 2 million members are unable to make withdrawals despite their efforts.
Exposure
06-28
FX1664205062
Hong Kong
Unable to withdraw, requesting the exchange to process the withdrawal to my address.
Exposure
06-28