Direct FX Reviews and User Ratings

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  • Overview
  • Information
  • Video
  • Specification
  • Review score

Direct FX General Information


Broker Name
Direct FX
Established
2006
Country
Australia
Min Deposit
$250
Max Leverage
1:400
Regulation
ASIC, AFSL
Email
support@directfx.com
Telephone
+61 2 8038-5093
Fax
-
Website Language
English
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Wire Transfer, Skrill, Neteller
Withdraw Options
Wire Transfer, Skrill, Neteller

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Description


Direct FX Background

Direct FX is an Australian Forex broker founded in 2006 by a team of Forex professionals. The firm places a strong emphasis on technology and transparency, and is regulated by the Australian Securities and Investments Commission (ASIC).

Features of Direct FX

Direct FX offers one Forex account but three different trading platforms. The choice of platform is what determines deposit size. Traders who choose the Metatrader 4 or Tradable platform can start trading with zero commissions and a $250 deposit while traders using the CQG FX platform must deposit a minimum of $500. Applying for an account at Direct FX can be done in as little as a few minutes. However, the account will not go live for several days. The Direct FX new accounts division will send an email within 24 hours of the application being received to notify applicants of the remaining documents required to complete opening the account. A copy of recent utility bills, national ID or passport may be requested. Once the application process is complete, Direct FX sends traders information to download the trading platforms. Direct FX clients have access to wide variety of tools and educational material. The company provides market reviews, financial news and Forex guides as well as a complementary VPS (Virtual Private Service) powered by BeeksFX that allows clients to run automated strategies. Videos, an economic calendar and quick trade options are all easily accessible from the main website.

Conclusion

Direct FX is a competitive broker with a good reputation and plenty to offer any trader.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • Direct FX offers every customer a personal account manager.
  • Support is also available through their customer services department 24/7.
  • Representatives can be contacted by email, live chat or phone.
  • One of the unique advantages of Direct FX is their wide variety of trading platforms.
  • The company’s personal account managers and extensive educational tools are strong positives, as are their tight spreads.
CONS:
  • On the downside, Direct FX cannot take clients from the U.S.
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Account Type


  • Minimum Account Size: $250
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs
  • Trading Platforms: MT4, CQG FX, Iphone, Ipad, Windows & Android App
  • Margin Call Level: 30%
  • Stop-Out Level: 30%

  • Minimum Account Size: $500
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs
  • Trading Platforms: MT4, CQG FX, Iphone, Ipad, Windows & Android App
  • Margin Call Level: 30%
  • Stop-Out Level: 30%

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Direct FX Review Score


Direct FX Reviews and User Ratings
7.8 Total Score
5 reviews
Add your review
Web Design
8.0
Reliability
7.8
Platform
7.8
Customer Support
7.8
Withdrawal
7.8
Broker Name
Direct FX
Established
2006
Country
Australia
Min Deposit
$250
Max Leverage
1:400
Regulation
ASIC, AFSL
Email
support@directfx.com
Telephone
+61 2 8038-5093
Fax
-
Website Language
English
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Wire Transfer, Skrill, Neteller
Withdraw Options
Wire Transfer, Skrill, Neteller
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
Direct FX Reviews and User Ratings
7.8 Total Score
5 reviews
Add your review
Web Design
8.0
Reliability
7.8
Platform
7.8
Customer Support
7.8
Withdrawal
7.8

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Marmaduke23
    May 6, 2016 at 8:05 pm
    1.6
    Web Design
    40
    Reliability
    30
    Platform
    30
    Customer Support
    30
    Withdrawal
    30

    Being an Australian broker, you’d think that you could fund your account with Australian Dollars, the fact that they told you that you could was even more promising. The fact they immediately convert your money to US Dollars makes DirectFX a bunch of liars. I could have lived with that, but after I withdrew my money they converted it to Australian Dollars in an amazingly ridiculous conversion rate!

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Calvin Heinz
    July 13, 2015 at 9:26 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    Rarely do I find brokers with trading platforms that are both stable and reliable and in fact the number of brokers with unstable MT4 trading platforms has caused me worry. Good thing I found DirectFX which restored my faith in MT4 and MT Mobile. It’s good to know that MT4 is in fact stable and it was the servers of my previous brokers that were a problem.

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  3. Reply
    ThePrinceOfBelair
    July 11, 2015 at 8:34 am
    3
    Web Design
    60
    Reliability
    60
    Platform
    60
    Customer Support
    60
    Withdrawal
    60

    I just started with DirectFX and so far their services have been good but I haven’t really tried to withdraw my money yet so I will reserve my judgment until then; particularly since I’ve been hearing nasty rumors about this broker, still as I see it, guilty until proven otherwise.

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  4. Reply
    Leticia Gore
    November 10, 2014 at 10:53 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    One thing I just love about DirectFX are the amazingly tight spreads, I’ve seen spreads go as low as 0.4 pips which just makes trading a breeze and cost-efficient. As a trader, knowing in advance what I’ll be spending in a trade is just truly empowering.

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  5. Reply
    Mylene Gonzalez
    September 5, 2014 at 8:33 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    I have been with DirectFX for a good year now and I have to say that their customer support is just amazing. Not only are they professional and courteous, they also respond in a timely and repetitive manner. It’s good to know DirectFX really cares about their traders and it shows in their dedicated customer support.

    Helpful(0) Unhelpful(0)You have already voted this

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