DF Markets Review 2024
Website: www.dfmarkets.co.uk
Min. Deposit: US$ 1
Leverage: 1:30
Trading Platforms: DFTrader
Regulation: FCA
Headquarters: UK
Founded: 2011
Regulatory Licenses:
- Delta Financial Markets Limited - authorized by FCA (UK) registration no. 534027 - not active
Updated on April 2, 2024
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At Broker Insight, our review methodology for evaluating brokers is comprehensive and multi-faceted, ensuring a well-rounded analysis. We start by examining the broker's regulatory compliance and background, assessing the security and reliability of their operations. This is followed by a thorough evaluation of the range and diversity of trading instruments and markets offered, as well as the variety and suitability of account types available for different trader profiles. We delve into the trading platforms and tools provided, focusing on user experience, functionality, and technological robustness. Fees, spreads, and overall cost structure are scrutinized for transparency and competitiveness. A key component of our review involves testing the effectiveness and responsiveness of customer support. Additionally, we consider the ease and efficiency of the deposit and withdrawal processes. Finally, we incorporate real user feedback and the broker’s community reputation into our assessment to present a holistic and unbiased review that serves as a valuable resource for traders seeking reliable and insightful broker evaluations.
DF Markets offers a competitive trading environment with the choice between fixed or variable spreads, alongside educational resources and a selection of trading platforms. However, the educational content provided may be considered elementary for some traders, and the range of instruments is primarily limited to Forex and CFDs.
Pros
Competitive trading conditions with fixed or variable spreads
Broad selection of trading platforms
Cons
Basic educational resources
Limited range of instruments
Is DF Markets Safe or a Scam? ▲
No, DF Markets is not a scam. This broker operates under the trading name of Delta Financial Markets Limited, which is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. This regulatory oversight implies adherence to stringent FCA guidelines, including the commitment to treating customers fairly and maintaining transparent operational standards. Additionally, client funds are kept in segregated accounts at top-tier banks, ensuring safety. Moreover, DF Markets participates in the FSCS scheme, offering protection for retail client funds up to £50,000. The broker is also obligated to submit monthly Client Money and Assets Returns to the FCA, further safeguarding client interests through rigorous compliance monitoring.
Headquarters: UK
Regulation and License: FCA
Instruments: Access to trade thousands of CFDs on 50 popular markets across FX, Indices, Shares, ETFs, Commodities, and Cryptocurrencies
Platforms: DFTrader
Costs: Spreads from 0.8 pips
Demo Account: Available
Base currencies: EUR, USD, GBP
Minimum deposit: $10
Education: Offers education for traders of various levels, alongside research
Customer Support: Available 24/5
DF Markets grants access to thousands of CFDs across a wide spectrum of 50 popular markets, including FX, Indices, Shares, ETFs, Commodities, and Cryptocurrencies. The broker provides competitive trading conditions, featuring no minimum deposit requirements, a no re-quotes policy with instant order execution, and attractive spreads starting from 0.8 pips for EUR/USD and 1.2 pips for USD/JPY.
Similar to many Forex brokers, DF Markets offers the use of leverage, which can amplify potential profits by allowing traders to multiply their initial account balance. The levels of leverage available vary depending on the specific instrument being traded, in addition to being influenced by regulatory restrictions and the trader’s level of expertise. Following FCA guidelines, the maximum leverage available to retail traders includes 1:30 for major currency pairs, 1:20 for minor pairs, and 1:10 for commodities. It is crucial for traders to understand how to utilize leverage correctly, as it not only increases the potential for gains but also the potential for losses, varying significantly across different instruments.
When engaging in forex trading, it's crucial to understand the fees involved. Trading fees can come in various forms including spreads, commissions, and overnight fees (also known as rollover rates). Spreads are the difference between the buying price and the selling price of a currency pair and can vary depending on the broker's policy. Commissions are charged by some brokers for each trade executed, while others incorporate all costs into the spread. Rollover rates are charged when a position is held open overnight, reflecting the cost of borrowing one currency to buy another.
DF Markets offers traders a choice between accounts with variable or fixed spreads, ensuring that traders can select the option that best suits their trading strategy. The broker does not charge a commission per trade, integrating all trading costs into the spread. This approach simplifies the trading cost structure, making it easier for traders to manage their trading expenses. Upon account activation, traders have the flexibility to choose their preferred spread type, enhancing their ability to tailor their trading experience to their individual needs.
An essential aspect to consider when trading with DF Markets is the overnight fee, also known as the rollover rate. This fee is charged on positions that are held open for more than one day. The rollover rate varies for each instrument and can either work in your favor as a refund or be deducted from your account as a fee. Understanding the specific rollover rates for the instruments you trade is crucial for effective cost management in forex trading.
DF Markets distinguishes itself in the forex trading community by not imposing commissions on trades, with all costs incorporated into a notably narrow spread. Upon initializing the trading account, traders have the flexibility to select between variable or fixed spread configurations, empowering them to align their trading strategy with the most advantageous cost structure.
DF Markets rollover fees are an additional consideration, levied on positions that remain open for more than a day. The rollover fees vary by instrument, potentially resulting in a credit or a charge depending on the specifics of the position.
The benchmark or variable spread, representing the minimum spread DF Markets offers, stands at approximately 0.8 pips for the EUR/USD currency pair. For traders who favor predictability in their trading expenses, DF Markets provides a fixed spread option. This option sets the spread for the EUR/USD pair at a wider margin of 2 pips, ensuring consistent trading costs irrespective of market fluctuations.
DF Markets prides itself on offering straightforward and secure deposit methods, including widely accepted Credit/Debit Cards and Bank Wire transfers. Although the selection may appear limited, these methods are among the most popular and convenient for traders.
The broker sets a low entry threshold with a minimum deposit requirement of just 10 USD, and does not impose any transaction fees on deposits, presenting an attractive proposition for traders to commence trading activities. It is important to note, however, that trading conditions and margin requirements may vary across different instruments.
In terms of withdrawals, DF Markets processes them via the same methods used for deposits, adhering to regulatory guidelines. The broker facilitates credit card withdrawals with a nominal fee of 2% and a 0.45 USD charge for Debit Card withdrawals. While Bank transfers within the UK are exempt from fees, international wire transfers may incur bank charges, which are borne by the client.
Conclusively, DF Markets establishes itself as a reputable trading provider based and regulated in the UK. Offering a diverse array of markets and the option for spread betting, the broker accommodates both variable and fixed spread preferences, catering to a wide range of trading strategies. With no commission fees and spreads that are competitive within the industry, DF Markets presents a compelling choice for traders. The absence of a minimum deposit requirement and the availability of proprietary trading platforms further enhance its appeal.
Recent updates have indicated that DF Market's website is currently inaccessible, suggesting a temporary cessation of its trading services. It is advisable for prospective traders to conduct thorough research should the website become operational again or if trading opportunities are presented. It is not uncommon for scam operators to leverage the established names of regulated entities to attract unsuspecting clients.
