The Forex market took off in the last decade and provided the ultimate chance to people to make a small (or big) fortune through online predictions of the currency value movements. The market counts one of the largest customer bases and seems to be unable to run out of clientele and service providers. Hundreds of Forex companies compete to surpass the competition by offering more and more sophisticated trading tools and innovations in the industry. If you are also one of those people who cannot resist the home-based Wall Street game, then you should read the following DF Markets review to see what this broker has to offer to its global customer network and how it manages to stand out from the masses in this industry where one broker looks like the other.
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Background Info
DF Markets was established right after the financial crisis that hit the world and global economy in 2007/2008. The broker opened its doors in 2010 when the financial crisis began to fade away. The broker comes from the UK and is under the supervision of the one and only FCA. The Financial Conduct Authority takes great care of Forex traders and imposes legal provisions to keep the capital market a secure place for investments. Forex companies have to behave in accordance with the FCA rules if they do not want to get suspended or completely banned from the market. This additionally fosters the trust of traders in the DF Markets broker company, and traders are sure that their funds are in good hands with this broker. DF Markets offers a far lot more to their traders than their FCA license and enable a safe and efficient trading environment. Check out other features of this broker below.
DF Markets Trading Platform
It seems that finding a broker without the Meta Trader 4 is like finding a needle in the haystack. DF Markets is also offering the multi-awarded trading platform which marked the online Forex market as its integral part. Very few trading platforms speak to masses like the MT 4 does. Traders mostly appreciate the easy navigation, sophisticated tools, and smooth performance. Nevertheless, the broker gives traders an alternative by offering its own independent platform, the DF Markets Trader, an intuitive browser platform designed to meet the needs of traders. Both of the platforms are, of course, accompanied by the corresponding DF Markets mobile apps for a full and around-the-clock trading experience. With the DF Markets mobile apps, you can access your trading account within seconds.
Trading Accounts
DF Markets really made an effort to cover all the different levels of traders’ experiences with its five trading accounts:
- Free demo account for the newbies who have never had a trading account.
- The Mini account with a mini deposit requirement of $50 with a maximum leverage of 1:300.
- DF Markets Standard account with a minimum deposit of $750 and a minimum trade volume of 0.1 lots. The leverage is the same as for the Mini account.
- The Premium account is for all those who already developed a genuine passion for Forex trading and do not mind to deposit $2,500 to open a trading account with more possibilities. Whereas the leverage does not change, the minimum trade volume is lifted to 1 standard lot with this account.
- Pro account is aimed at big investors who trade large volumes.The Pro account is only for ECN services and requires a minimum deposit of $5,000 with a leverage of 1:200. This type of account requires a commission, and in return; traders are linked to the most competitive market quotes.
DF Markets Bonus
Luckily, DF Markets does not belong to the no-bonus Forex brokers and tries to cheer up and support its clients once in a while with a bonus. The DF Markets provides seasonal bonuses like the spread betting DF Markets bonus for opening a spread betting account which ensures 10% of trading credit up to $1000. Please note that this money strictly refers to trading credit and cannot be withdrawn. It is also not available throughout the year. CFD and Forex traders who are still practicing on the demo account can actually win 600 GBP in the popular demo contest which is held on a monthly basis. Also, DF Markets runs promotions like Refer a Friend which can earn traders additional 50 GBP per friend who deposit a minimum of 300 GBP and place five non-equity trades.
Banking Options
Even if DF Markets is one of the Forex industry leaders, they accept only a limited number of payment methods. Credit cards and wire transfers are the available payment methods, and they charge a fee of 2% for credit card payments. The minimum deposit that can be made is $10, while the minimum withdrawal requirement has to correspond to the deposit amount made via the same payment method. With international bank transfers, the minimum withdrawal amount is 50 GBP. We see that DF Markets lacks e-wallet payments which are cheaper and faster and preferred by Forex traders. This indicates that this broker could upgrade its banking options policy.
Customer Support
If you happen to have questions or concerns after reading the DF Markets educational materials and this review, you can look for further assistance from the lovely DF Markets support team via phone, e-mail, live chat, or online contact form. The DF Markets broker also runs a blog where useful information can be found concerning trading and price values and much more.