direktbroker-FX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.direktbroker-fx.de/register, about the company's legal and temporary regulatory information, the company's address 88, Agias Fylaxeos, Zavos City Center - 4th Floor, P. O. Box 56943, Post Code 3311, Limassol, Cyprus.
Direktbroker FX, established in 2011, is a trading brand operated by Leverate Financial Services Ltd., a Cyprus-based investment firm. The company is headquartered in Limassol, Cyprus, with additional offices in Berlin, Germany. As a private entity, direktbroker FX aims to provide comprehensive trading services to both retail and institutional clients, focusing primarily on the European market.
Since its inception, direktbroker FX has developed a reputation for offering competitive trading conditions and a wide array of financial instruments. The firm has achieved several milestones, including the establishment of a fully digital account opening process and the introduction of multiple account types tailored to different trader needs. Leverate Financial Services Ltd. is also recognized for its innovative technology solutions in the forex industry, having received multiple awards for its services.
The business model of direktbroker FX encompasses retail forex trading, contract for differences (CFDs), and other financial instruments, aiming to cater to a diverse clientele ranging from novice traders to experienced investors.
Direktbroker FX operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC), holding license number 160/11. This regulatory framework ensures that the broker adheres to strict guidelines aimed at protecting clients and maintaining market integrity. The license is valid for providing investment services across the European Economic Area (EEA), excluding Belgium.
The broker maintains a commitment to client fund protection by implementing a segregated accounts policy, which ensures that client funds are kept separate from the company's operational funds. Furthermore, direktbroker FX is a member of the Investor Compensation Fund, which provides compensation to clients in the event of insolvency.
To comply with international standards, direktbroker FX adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities and ensuring the legitimacy of funds.
Direktbroker FX offers an extensive range of trading products, including:
The broker focuses on providing retail trading services, allowing clients to engage in forex trading and CFD transactions. Additionally, direktbroker FX may offer white-label solutions for institutional clients looking to leverage its trading technology.
Direktbroker FX supports the widely popular MetaTrader 4 (MT4) trading platform, which is available for download on Windows, Mac, and mobile devices. MT4 is known for its user-friendly interface and robust functionality, including advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs).
In addition to MT4, direktbroker FX provides its own web-based trading platform, which is designed to be intuitive and accessible for traders of all levels. The broker's infrastructure includes servers located in key financial hubs, ensuring reliable and fast execution of trades.
The broker also supports API access for automated trading, allowing clients to implement their trading strategies seamlessly.
Direktbroker FX offers several account types to cater to different trading needs:
The leverage ratios vary by account type, with retail accounts capped at 1:30 in accordance with CySEC regulations. The broker allows trading in micro lots, with the minimum trade size set at 0.01 lots. Additionally, overnight fees apply based on the positions held.
Direktbroker FX supports a variety of deposit methods, making it convenient for clients to fund their accounts. Accepted methods include:
The minimum deposit requirement varies by account type, starting at €500 for the Silver account. Deposits are typically processed within one business day, with minimal fees involved. However, a 1.5% fee is charged for credit/debit card withdrawals.
Withdrawals can be made through the same method used for deposits, with a minimum withdrawal amount set at €5. The processing time for withdrawals may vary based on the method chosen, and clients should be aware of potential banking fees that may apply.
Direktbroker FX offers multiple channels for customer support, including:
Customer service is available during standard business hours, from 09:00 to 17:00 GMT+2, Monday through Friday. The broker provides support in English, catering primarily to clients in the European region.
In terms of educational resources, direktbroker FX offers various materials such as webinars, tutorials, and market analysis reports. Clients can access daily analysis, news updates, and research reports to enhance their trading knowledge and strategies.
Direktbroker FX primarily serves clients in Germany, Austria, Switzerland, and several other EU member states. The broker has established a strong presence in these markets, providing tailored services to meet local trading needs.
However, direktbroker FX does not accept clients from certain jurisdictions, including the United Kingdom and the United States, due to regulatory restrictions. The broker emphasizes compliance with local laws and regulations, ensuring a secure trading environment for its clients.
In summary, direktbroker FX is a regulated broker offering a wide range of trading products and services, robust trading platforms, and dedicated customer support, making it a viable choice for traders looking to engage in the forex and CFD markets.
-lyn
Australia
On the one hand, their spreads are low, and there's no requoting. On the other hand, their deposit requirements are quite high, and the leverage on the Silver account is too low. To get higher leverage, you need to upgrade to a professional account, but the deposit threshold is too steep. Overall, I'd say they're worth considering if you're willing to meet their high deposit requirements.
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2023-03-30