DF Markets Review
Clients of DF Markets are offered a single forex trading account type with 2 options – fixed & variable spreads. You should keep in mind that the variable spreads are known to widen during major news releases but this apart, the broker’s execution is flawless. Slippage occurs on very rare occasions, and positive price corrections (e.g. positive slippage) happen as well.
DF Markets’s single trading account is a commission-free one with leverage up to 1:200 and micro lots are available for trade.
The Company. Security of Funds
Company Country Regulation
Delta Financial Markets Ltd. UK FCA
Established and located in London, DF Markets provides online CFD trading and spread betting services through its in-house platform. The broker offers a wide range of financial instruments – from Forex, Gold and Silver, to a variety of CFDs on different asset classes.
The company behind the brand, Delta Financial Markets Ltd., is authorized and regulated by the most reliable EU financial regulator – the Financial Conduct Authority (FCA) since 2011.
All FCA-regulated companies are required to observe the stringent rules and procedures set by the UK financial watchdog: they must keep all client money separated from the company`s own funds into segregated accounts; they must regularly report to FCA; they are obliged to hold net tangible assets amounting to at least €730 000 at all times in order to prove their financial stability.
Besides, what is probably most important regarding the safety of funds invested in FCA-regulated companies is the coverage provided by Financial Services Compensation Scheme (FSCS). In the event of a shortfall, FSCS is able to cover your investment loss (or the funds held in your trading account) up to a maximum of £50,000.
Minimum Initial Deposit
With any DF Markets account, there is no minimum deposit requirement, so you can start with as little as £1, however, you should keep in mind that at a maximum leverage of 1:200 you won’t be able to open any sensible positions with such a small amount.
Average spreads & Commissions
DF Markets offers commission free-trading and both its fixed and variable spreads are average for the forex market, amounting to 2.0 pips (fixed) and from 0.8 pips (variable) on EUR/USD. Of course, other UK-based brokerages offer better spreads – for instance, IG’s average spread for this pair is 0.8 pips and no commission applies. For further information, you may look up real-time spreads of 15 leading brokers may be viewed here.
The maximum leverage rates at DF Markets are up to 1:200. Such leverage is considered standard, although a number of brokers offer leverage equal to or exceeding 1:500.
As most of you probably know, leverage is a double-edged sword. It may multiply your profits on a small deposit, but it can also lead to heavy losses, exceeding initial investments. That is why limitations on leverage rates are set in some jurisdictions, and most recently the FCA also proposed maximum leverage levels offered by brokerages to be set to 1:50.
If you are looking for the industry’s standard MT4 platform, you are not going to find it with this broker.
Trading with DF Markets is possible only via the broker’s own platform DFTrader, which is available in three versions – desktop, web and mobile.
Packed with powerful trading tools, a professional charting package with over 80 technical indicators and intuitive functionality, the DFTrader platform allows you to trade wide range of financial markets with confidence and ease. The platform is easy to use by a novice trader but it is also comprehensive enough to meet the needs of more experienced users as well. It is mostly standard but there are some peculiar features such as conditional orders – a tool for semi-automated trading, which allows you to build trading strategies.
DF Markets’s web-based platform. Click to see a larger image.
Methods of Payment
You can use bank transfer and DF Markets’ online debit/credit card payment facility. It cannot accept any other payments, since it complies with anti-money laundering rules.
The broker’s bank, Barclays Commercial Bank, does not charge deposits within the UK but will charge £6 for receiving payments from outside the UK. It also charges transfer fees for some withdrawals.
DF Markets is a reliable FCA Regulated CFD and Spread Betting Provider that offers wide range of financial assets for trade on its proprietary platform under competitive conditions.
DF Markets Review Conclusion
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