DIVO Forex Broker

Divo Forex Broker - Complete Information Guide

1. Broker Overview

　　Divo, officially known as IC Markets Divo, was established in 2007. The broker is headquartered in Sydney, Australia, and operates under the ownership of IC Markets, a well-known name in the forex trading industry. As a private company, Divo primarily caters to retail and institutional clients, providing a wide range of trading services.

　　Over the years, Divo has made significant strides in the financial trading sector, marked by various milestones such as the introduction of advanced trading platforms and the expansion of its product offerings. The company has established itself as a trusted broker, particularly among high-volume traders, scalpers, and algorithmic traders, thanks to its competitive trading conditions and robust execution capabilities.

　　Divo operates under the umbrella of IC Markets, which is recognized for its commitment to providing a superior trading experience. The business model focuses on offering raw spreads, low commissions, and rapid order execution, making Divo broker a preferred choice for traders seeking efficiency and reliability in their trading activities.

2. Regulatory and Compliance Information

　　Divo is regulated by several prominent financial authorities, ensuring a high level of compliance and investor protection. The primary regulatory bodies overseeing Divo include:

• Australian Securities and Investments Commission (ASIC): License Number 335692
• Cyprus Securities and Exchange Commission (CySEC): License Number 247/14

　　These regulatory licenses underscore Divo's commitment to adhering to strict financial standards and practices. The licenses are valid as long as the broker meets the ongoing requirements set by these regulatory bodies.

　　Divo maintains separate accounts for client funds, ensuring that traders' deposits are safeguarded and not used for operational purposes. This segregation of funds is a critical aspect of the brokers commitment to client security.

　　Additionally, Divo participates in investor compensation schemes, providing an extra layer of protection for clients in the event of unforeseen circumstances. The broker also implements stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, ensuring compliance with international regulations and promoting a secure trading environment.

3. Trading Products and Services

　　Divo offers an extensive range of trading products and services, catering to diverse trading needs. The broker provides access to:

• 　　Forex Currency Pairs: Divo offers over 60 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on various market movements.

• 　　CFD Products: The broker also provides Contracts for Difference (CFDs) across multiple asset classes, including:

• 　　Indices: Access to major global indices.

• 　　Commodities: Trading opportunities in gold, oil, and other commodities.

• 　　Stocks: A selection of stocks from top global companies.

• 　　Cryptocurrencies: Trading options in popular cryptocurrencies.

　　Divo regularly updates its product offerings, ensuring that traders have access to the latest market instruments. The broker also provides retail trading services and extends its offerings to institutional clients, including white-label solutions and asset management services.

4. Trading Platforms and Technology

　　Divo supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are known for their user-friendly interface and comprehensive trading tools. These platforms enable traders to execute trades, conduct technical analysis, and utilize automated trading strategies effectively.

　　In addition to the MT4 and MT5 platforms, Divo offers a web-based trading platform that allows traders to access their accounts from any device with internet connectivity. This flexibility enhances the trading experience, making it convenient for traders on the go.

　　Divo also provides a mobile application compatible with iOS and Android devices, ensuring that traders can manage their accounts and execute trades from anywhere.

　　The broker operates on an ECN (Electronic Communication Network) execution model, providing direct access to liquidity providers and ensuring tight spreads and fast order execution. The trading infrastructure is supported by advanced technology, including servers located in Equinix NY4, which contributes to low latency and high-speed order processing.

　　Divo also offers API access for automated trading, allowing traders to connect their trading algorithms directly to the broker's trading environment.

5. Account Types and Trading Conditions

　　Divo provides various account types to cater to different trading preferences and strategies. The standard account conditions include:

• Minimum Deposit: The minimum deposit requirement varies by account type, with options starting from $100.
• Spreads: Divo offers competitive spreads starting from 0.0 pips on major currency pairs.
• Commission: The broker operates with a 0% commission model on standard accounts, while commission-based accounts may have different fee structures.

　　In addition to standard accounts, Divo offers advanced account types, including:

• VIP Accounts: Tailored for high-net-worth individuals and professional traders, offering enhanced trading conditions.
• Islamic Accounts: Compliant with Sharia law, providing swap-free trading options.

　　Divo also provides a demo account for traders to practice their strategies without risking real capital. The leverage offered by Divo varies by asset class, with a maximum leverage of 1:500 available on forex trading.

　　The minimum trading lot size is 0.01, allowing traders to manage their risk effectively. Divo has a clear overnight fees policy, ensuring transparency in trading costs.

6. Fund Management

　　Divo supports a variety of deposit methods, making it easy for clients to fund their accounts. Accepted deposit methods include:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets (such as PayPal, Skrill, and Neteller)

　　The minimum deposit requirement varies based on the account type, with standard accounts starting at $100. Divo processes deposits quickly, typically within 1-3 business days, depending on the method used.

　　Divo does not charge deposit fees, making it cost-effective for traders to add funds to their accounts.

　　For withdrawals, Divo offers multiple options, and the processing time usually takes 1-5 business days, depending on the method chosen. The broker has a transparent withdrawal fee structure, with no hidden charges, ensuring clients are informed about any potential costs associated with their withdrawals.

7. Customer Support and Educational Resources

　　Divo provides robust customer support through various channels, including:

• Phone Support
• Email Support
• Live Chat
• Social Media Platforms

　　The support team is available during trading hours, ensuring timely assistance for traders' inquiries. Divo offers multilingual support, catering to clients from diverse backgrounds.

　　In addition to customer support, Divo provides a wealth of educational resources, including:

• Webinars: Regularly scheduled sessions on various trading topics.
• Tutorials: Comprehensive guides for both novice and experienced traders.
• E-books: Informative materials on trading strategies and market analysis.

　　Divo also offers market analysis services, including daily market updates, news, and research reports to keep clients informed about market trends. Traders can access a range of trading tools, such as calculators and economic calendars, to enhance their trading experience.

8. Regional Coverage and Restrictions

　　Divo primarily serves clients in Australia, Europe, and Asia, with a strong presence in the global forex market. The broker has regional offices in key financial hubs, ensuring local support and services.

　　However, Divo does not accept clients from certain jurisdictions, including:

• United States
• Canada
• Iran
• North Korea

　　These restrictions are in place to comply with international regulations and ensure the broker operates within legal frameworks.

　　In conclusion, Divo broker stands out as a reputable choice for traders seeking competitive trading conditions, a wide range of products, and robust support services. With its commitment to regulatory compliance, innovative technology, and client-focused approach, Divo continues to attract traders from around the world.