Discovery FX Review 10
"Discovery FX is amazing! They offer a wide range of market instruments and flexible payment methods. Super convenient and easy to use.
Love their low spreads on the Nano Spread Account and the MT5 platform is crisp and efficient.
I have not yet been able to withdraw 72,000 yen of my profits, which I applied for withdrawal on November 13th, more than two months ago. Originally, this company seemed to have a habit of delaying withdrawals, and it was initially reported that it would take 5 business days for the money to arrive, but it gradually increased to 10 business days, then 30 business days (it is abnormal in itself that it takes 30 business days). I went. Until now, I have been able to withdraw money, albeit with a delay, but it has already been 30 business days since I withdrew money in November, and I have contacted them many times. The response I receive is always a standard message that says, "I'm checking with the department in charge." Although there are few cases due to the truth being disclosed, is there anyone who has suffered similar damage? The IB called FX Selection, which introduced me to this broker, can no longer be contacted. Maybe it's a guru. This time, I am applying for a small withdrawal of my profits, but I have deposited about 3.6 million yen here. I'm afraid that I won't get my money back. Does anyone with knowledge of the industry have a solution? Thank you.
Discovery FX has its quirks. First off, the lack of regulation raises some serious red flags. Not being under the watchful eye of financial authorities like the SFC in Hong Kong or others is a risky game. The website is a bit vague, and there's not much info about the trading instruments. The minimum deposit is kinda high, and I'm not feeling the limited educational resources – a bit disappointing. And what's up with not disclosing withdrawal fees and processing times? It's like they're keeping you in the dark. I'm thinking twice about sticking around for the long haul.
Discovery FX is where I started my trading journey, and I've gotta say, it's been a solid experience. The variety of trading platforms, especially having both MT4 and MT5, gives me the flexibility I need. The high leverage of 1:1000 is a game-changer for me – I'm all about maximizing those potential returns. The spreads are decent, starting from 0.3 pips, and I appreciate the multilingual customer support – they've got my back. Copy trading apps are a nice touch too. It's a good spot for those who know their way around the markets!
Trading with Discovery FX is really a torture. One needle that has pricked me is logging into my dashboard is my credentials that I enter is mostly. Although entered correctly, wrong and I have to reset my password every time which is time-consuming. That’s annoying at times. I do hope they could improve this part.
The Account Manager at Discovery FX contacted me on Instagram, and I found someone who seemed to declare to have been scammed... When I asked this guy about it, he couldn't answer my question very well. I dare not invest here.
I want to officially denounce this supposedly financial endeavor that is taking advantage of people like me, investment was 2,500 Mexican pesos and after that I see my dashboard and it has not been accredited, and to date neither, they scammed me and they didn't even let me operate.
