Search

DCFX Forex Broker provides real users with 6 positive reviews, 2 neutral reviews and 9 exposure review!

DCFX Broker Review

1.44

WikiFX monitor

Business

Influence D

License

MAS Suspicious Clone

DCFX Review 17

Latest All(17) Positive(6) Neutral(2) Exposure(9)
Exposure

July 5, 2024. 19.30 WIB, the spread widened to swallow 34% of the $1000 balance. even though it had been set to SL148$. now in Indonesia it has become a dupoin ID. be careful during NFP and other news.

kaya makmur
2024-08-10
Positive
DCFX: Your Key to Diversified Trading with Top-Notch Support

DCFX is great for traders with a diverse portfolio! They offer a wide range of tradable assets, making it easy to diversify your investments. Plus, their customer support is top-notch and always ready to help with any questions or concerns.

Xray
2024-07-16
Exposure
Unable to withdraw funds. Account was closed.

I opened DCFX. In 2023, it's with an account balance of $104,005. I tried to withdraw $60,000 last July but was unsuccessful. They claimed they had financial difficulties and asked me to wait until April 2024. They only gave me $30,000 and closed my account and never responded again. This is a total scam broker.

christopher c
2024-05-30
Positive
Satisfied for Two Years: Efficient Broker with Tailored MT5 Platform for My Trading Strategies

Happy with this broker for two years running. Solid, swift service without unnecessary frills. Though lacking advanced offerings like MT4 or PAMM, their MT5 platform is a perfect match for my trading needs and EA. Here for the long haul!

KeaH
2024-04-30
Exposure

Unfair and detrimental, in the WTI/oil market. on December 29, 2023 at 14:49 The market stopped at 71.95. Even though the market in other places closed at 04.00 with a price of 71.21. Even though in the email from DCFX and in the application it was announced that WTI would close trading on December 30 Close 02:45.On January 2, 2024, at 01.00 the market suddenly opened and the price jumped briefly, opening at 71.68 and rising quickly to 72.16

attack
2024-01-03
Neutral
DCFX: Diverse Trading Instruments and Enhanced Learning Resources for Traders

DCFX offers a diverse range of tradable instruments, including forex, commodities, indices, stocks, and cryptocurrencies. The broker provides two account types – Standard and Zero – catering to different trading preferences. Educational resources such as an economic calendar and a YouTube channel enhance the trading experience. The copy trading feature adds convenience.

Prunella Willoughby
2023-12-06
Neutral
Dubious DCFX: Hidden Deposit Methods, Dangerous Leverage, and Regulatory Shadows

DCFX's got issues, man. No info on deposit and withdrawal methods – that's a red flag. And that 1:1000 leverage? That's just asking for trouble, especially for new traders. Plus, no details on regulations in Indonesia? Shady. The website's not transparent about the company's background – too many unknowns. Traders need to be careful dealing with these guys.

Drucilla Van Buren
2023-12-05
Exposure
Unable to withdraw funds

I tried to make a withdrawal of $60000 on 28 June from my DCFX account and my withdrawal still pending and never arrived. A legit broker will never take that long to process a withdrawal. It is a scammer.

Hung Wai Tung
2023-08-01

  

DCFX 2025 Review: Everything You Need to Know

  Summary: DCFX, a forex broker established in 2004, has garnered mixed reviews from users and experts alike. While it offers competitive trading conditions, including low minimum deposits and high leverage, there are significant concerns regarding its regulatory status and user experiences, particularly with withdrawals.

  Note: It is important to highlight that DCFX operates through different entities in various regions, which may impact the regulatory protections available to clients. This review aims to provide a fair and accurate assessment based on multiple sources.

  

Rating Overview

Category Rating (Out of 10)
Account Conditions 6
Tools and Resources 5
Customer Service and Support 4
Trading Setup (Experience) 5
Trustworthiness 3
User Experience 4
Additional Considerations 5

  How We Score Brokers: Our scoring is based on a combination of user feedback, expert analysis, and factual data regarding service offerings.

  

Broker Overview

  Founded in 2004, DCFX is a forex broker that claims to operate under various regulatory bodies, including the Financial Conduct Authority (FCA) in the UK and the Monetary Authority of Singapore (MAS). The broker primarily utilizes the MetaTrader 5 platform, offering access to a range of financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies. However, its mixed regulatory status raises concerns about client protection.

  

Detailed Analysis

  •   Regulatory Regions: DCFX claims to be regulated by the FCA, MAS, and Bappebti in Indonesia. However, there are reports of it being flagged as suspicious by the FCA and MAS, which raises doubts about the legitimacy of its claims. Users have reported issues with fund withdrawals, suggesting that the broker may not adhere to the expected regulatory standards.

  •   Deposit/Withdrawal Options: DCFX allows deposits in USD, EUR, and GBP, with a minimum deposit requirement of just $30. However, the withdrawal process has been criticized, with users reporting difficulties in accessing their funds. This has led to a significant trust deficit among clients.

  •   Bonuses/Promotions: The broker offers a 50% welcome bonus for new clients, which can be an attractive feature for traders looking to maximize their initial investments. However, such bonuses often come with stringent withdrawal conditions, which may not be favorable for all clients.

  •   Tradable Asset Classes: DCFX provides a variety of trading instruments, including over 25 forex pairs, commodities like gold and silver, indices, and cryptocurrencies. This diverse offering allows traders to diversify their portfolios, but the quality of execution and spreads may vary.

  •   Cost Structure: The cost of trading with DCFX includes spreads starting from 1.2 pips for standard accounts, with a commission of $7 per lot for zero accounts. While these costs are competitive, the lack of transparency regarding additional fees and commissions has been a point of contention among users.

  •   Leverage: DCFX offers leverage up to 1:1000 for its global entity, which is significantly higher than many regulated brokers. This can be appealing for experienced traders but poses substantial risks for inexperienced ones.

  •   Trading Platforms: DCFX primarily uses the MetaTrader 5 platform, known for its advanced trading features and user-friendly interface. However, some users have reported issues with the platform's performance, particularly on mobile devices, indicating a need for improvement in this area.

  •   Restricted Regions: DCFX does not offer services to residents of the US, Canada, the EU, Australia, or Japan. This limitation may affect its global reach and client base.

  •   Customer Service Languages: Customer support is available in multiple languages, including English, Chinese, Thai, Vietnamese, Malay, and Korean. However, the quality of support has been criticized, with users reporting slow response times and a lack of effective communication.

      

  •   

    Repeated Rating Overview

    Category Rating (Out of 10)
    Account Conditions 6
    Tools and Resources 5
    Customer Service and Support 4
    Trading Setup (Experience) 5
    Trustworthiness 3
    User Experience 4
    Additional Considerations 5

      

    Detailed Breakdown

    •   Account Conditions: DCFX offers two account types: a standard account with fixed spreads starting from 1.2 pips and a zero account with raw spreads from 0 pips. The minimum deposit requirement is low, making it accessible to new traders. However, the high leverage offered may not be suitable for all.

    •   Tools and Resources: While DCFX provides access to the MT5 platform, it lacks comprehensive educational resources and trading tools, which could benefit novice traders.

    •   Customer Service and Support: Users have reported difficulties in reaching customer support and delays in responses, which can be frustrating, especially when dealing with withdrawal issues.

    •   Trading Setup: The trading experience on DCFX can be inconsistent, with reports of platform performance issues, particularly on mobile devices. This inconsistency can impact user satisfaction.

    •   Trustworthiness: Given the mixed reviews and regulatory concerns, trust in DCFX is low. Users have reported withdrawal issues, leading to skepticism about the broker's reliability.

    •   User Experience: Overall user experience has been rated poorly due to the aforementioned issues with customer support and platform performance. Many users express dissatisfaction with their trading experience on DCFX.

    •   In conclusion, while DCFX offers some attractive features, including low minimum deposits and high leverage, significant concerns regarding its regulatory status, customer support, and withdrawal processes warrant caution. Potential clients should carefully consider these factors before engaging with the broker.

DCFX review