Direct FX Guide – Read our In-Depth Direct FX Review
Direct FX Rating: 2.63 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Direct FX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Direct FX review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and broker, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You will acquire adept at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan will generate hefty returns. Direct FX is just one such stage which will take you and your investment into great heights. It's important that you know all about Direct FX until you trust them with your money.
Direct FX Review – Brief Summary
Direct FX Telephone Number:
Direct FX Email Address:
Direct FX Address:
Number Of Clients:
10,000+ Direct FX users and traders
Direct FX LinkedIn:
Direct FX Facebook:
Direct FX Facebook Likes:
Direct FX Twitter:
Direct FX Twitter Followers:
Direct FX Instagram:
Direct FX Instagram Followers:
Direct FX Youtube:
Losses can exceed deposits
|Direct FX Telephone Number:|
|Direct FX Email Address:|
|Direct FX Address:|
|Number Of Clients:||10,000+ Direct FX users and traders|
|Direct FX LinkedIn:|
|Direct FX Facebook:|
|Direct FX Facebook Likes:||0|
|Direct FX Twitter:||@|
|Direct FX Twitter Followers:||0|
|Direct FX Instagram:|
|Direct FX Instagram Followers:||0|
|Direct FX Youtube:|
Losses can exceed deposits
Our full Direct FX Review covers all you will need to learn about trading with Direct FX. A good broker can multiply your initial investments and provide you favourable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully assess your agent before you choose them. It is a frequent misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
Direct FX is a broker that has paved its way successfully into the broker world. In this review, we have tried to collate a number of the vital aspects of Direct FX. This review will help you to know whether Direct FX is a good fit for your investments or not. We've attempted to breakdown all the features and charges for your convenience.
Direct FX Review, Table Of Contents
- Who are Direct FX?
- Benefits Of Trading With Direct FX
- Everything you should know about trading with Direct FX
- Is Direct FX Safe To Trade With?
- Direct FX Risk Disclaimer
- Pro's & Con's Of Trading With Direct FX
- Compare Brokers Similar To Direct FX
- Regulation And Licencing In More Detail
- Direct FX Awards
- Minimum Deposit Required For A Live Account With Direct FX
- Direct FX Commission And Fees Explained
- Compare broker fees against Direct FX
- Direct FX Withdrawal Fees Explained
- Direct FX Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Direct FX?
- Alternatives To Direct FX
- Frequently Asked Questions About Direct FX
Who are Direct FX?
Direct FX is a forex broker headquartered in New Zealand and provides a range of instruments for online trading. Since its inception in 2006, Direct FX has emerged as a top player in the field of online broker. Direct FX has a highly competitive and full-featured trading site that is focused on currency, indices, metals, sharesand commodities.
Over the past 15 years, Direct FX has grown into one of the leading online brokers.
After establishing in 2006, their client base is becoming as big as 10,000+ clients.
Direct FX is the favourite for many dealers.. Our Direct FX review discovered that they are an excellent choice for automated trading options. It's most appropriate for investors that are searching for an assortment of assets. Social and automated trading solutions are the heart at Direct FX.
Technology plays a substantial role at Direct FX. Direct FX features trading on . Direct FX is honest, transparent, and also a well-regulated broker by the Unregulated. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The educational section at Direct FX is very insightful for new dealers as it permits them to have a closer look at the financial markets. Direct FX caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
Direct FX Videos
If you feel that Direct FX is not right for you then at the bottom of this Direct FX review you wil find a lot of alternatives to Direct FX.
Everything you should know about trading using Direct FX
Direct FX is a lively platform that offers various procedures of trading. These instruments cover the monetary markets considerably. Most of the broker platforms provide less approaches than Direct FX
If you would like to exchange with Direct FX, you will need a minimum deposit of $1. This deposit is required if you want to begin trading using Direct FX. This 2021 Direct FX review will direct you clearly about trading with them.
Direct FX is as versatile as any other broker platform. Direct FX is ideal for traders who want a manageable assortment of low-cost services. The platforms offered by Direct FX are third party, white-label offerings. All traders may choose from .
Along with everything, Direct FX has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction has to be kept open. The agents offer premium client service which rewards customers with advantages.
Many unprofessional brokers try to pressurise users into bigger funding for premium services. Direct FX, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the further advantages will become available.
Direct FX accounts are available globally and provides excellent service everywhere they have customers. There are only a select few countries where Direct FX accounts are not available. Traders in the following countries cannot open or use a Direct FX account:
BR, KR, IR, IQ, SY, JP, US
Is Direct FX Safe To Trade With?
Established in 2006, Direct FX has been in operation for 15 years, they have a head office in New Zealand.
Direct FX is regulated by Unregulated. These figures have rules that mandate that trading platforms have ploicies in place to keep investor's assets procured. This means that Direct FX users do not need to worry about their money as it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's private information also.
You are able to make use of a choice for 2 Factor Authentications (2FA) with Direct FX for increased security. An SMS with the verification code will be sent to a mobile phone. You will be required to input this code to log into your account.
Another concern with fiscal brokers is in respect to safety might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more widespread in the case of Market Maker brokers who compete with users on the stage.
Direct FX Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With Direct FX
Every online trading platform will have a few pros and cons Direct FX review would be complete without showing both sides. This Direct FX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Direct FX Pro's
- Direct FX is trusted by 10,000+ clients
- Direct FX has low minimum deposit requirements
- Direct FX doesn't charge withdrawal fees
- Direct FX doesn't charge inactivity fees
- Direct FX offers social trading
- Direct FX offers copy trading
- Direct FX offer trading on
- Direct FX offer trading instruments
- Direct FX can communicate in English, and Chinese
Direct FX Con's
- Direct FX does not offer Negative Balance Protection
- Direct FX does not offer Guaranteed Stop Loss
- Direct FX charge deposit fees
- Direct FX doesn't trade major forex pairs
- Direct FX doesn't trade minor forex pairs
- Direct FX doesn't trade exotic forex pairs
- Direct FX doesn't offer trading on cryptocurrencies
- Direct FX charge CFD fees
- Direct FX doesn't offer trailing stop
Direct FX Review - Compare Brokers Similar To Direct FX
|Direct FX||City Index||taylor collison limited||WIT Invest|
|Rating||2.63 / 10||4.23 / 10||5.85 / 10||2.91 / 10|
|Headquarters||New Zealand||UK||Cyprus||Saint Vincent and the Grenadines|
|Regulated By||Unregulated||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F318||Unregulated|
|Find Out More|
|Risk Warning||Losses can exceed deposits||74% of retail investor accounts lose money when trading CFDs with this provider||Your capital is at risk||Your capital is at risk|
Direct FX Review - Regulation And Licencing In More Detail
Direct FX is regulated by Unregulated.
Direct FX, as a company, has a strong collection of rules for ensuring fair trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
Direct FX Review - AwardsAt the time of writing this Direct FX review, and despite Direct FX’s impressive offering, the company has surprisingly not garnered any other awards to date.
Direct FX Trading Platforms
Direct FX are a professional trading platform that has been open for over 15 years. They offer a wide range of options in their user accounts.
In the following table we take the main parts of any great broker and compare Direct FX with City Index, taylor collison limited, and WIT Invest
Direct FX Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on Direct FX is $1. This is an adequate amount for people just starting out. It's possible to make more advanced deposits as you cooperate. But, ensure you understand how to make the most of your cash before investing in larger sums.
Direct FX Review - Commission And Fees Explained
Direct FX is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 different types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are spending a spread, funding speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those who are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for things like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Direct FX does not charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees charged by Direct FX are comparatively competitive. As a result, you are billed more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of assets.
This Direct FX review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against Direct FX
Direct FX Review - Withdrawal Fees ExplainedDirect FX doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Direct FX account. You can withdraw sums up to the amount of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't always have to have any cash in your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. Direct FX will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to withdraw in.
Direct FX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind when open an account with Direct FX. An inactivity fee is an amount charged to registered dealers that have not engaged in buying or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee also differs from one agent to another and is not standardized. If a dealers account doesn't have a purchasing or selling transaction, it's maintained by the agent as an inactivity fee. The traders have to pay this commission under terms and conditions they had consented while enrolling.
Direct FX doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are indicated by Direct FX, it is better for you to close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is exposed to a lot of circumstances and should be revealed clearly by the broker beforehand.
Direct FX Review - Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this particular operation.
Direct FX charges a deposit fee for transferring money into your trading account.
Depositing cash on the Direct FX trading platform is simple. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity evidence and evidence of residency to deposit large amounts.
Direct FX Review - Compare Broker Deposit Methods
What Can You Trade With Direct FX?
Note: Direct FX provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can differ based on the country of residence of the client.
Direct FX has a wide variety of over instruments available for you to trade with.
If trading currency pairs is of interest to you then Direct FX offer over currency pairs.
Compare Direct FX, City Index, taylor collison limited & WIT Invest below.
Reviewing The Direct FX Mobile App
Note: Direct FX's mobile app has a lot of functions and is being constantly improved. The table below was accurate at the time of writing this Direct FX review.
Understand the capabilities of the mobile apps of Direct FX, City Index, taylor collison limited & WIT Invest below.
Alternatives To Direct FX
If, after studying this Direct FX review, they do not fulfill your requirements check out these Direct FX alternatives.
We have scoured the web to find the best alternatives to Direct FX. Click the links below to learn more.
Frequently Asked Questions about Direct FX
Can I try Direct FX before I buy?
Yes, you can most definitely try Direct FX before you buy. Direct FX provides demo accounts for the ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account on Direct FX, you may set out using a decent amount of virtual money. It's to establish a sense of safety and confidence in you before you decide to invest your own money.
With this digital Direct FXdemo account, you are able to experiment in any way, to whatever period you wish. You can even start positions, test different trading approaches, and more.
Direct FX specifies on its official website that you can exchange real time stocks in a demo account.
Is Direct FX safe?
It is possible to drop all of your worries because we believe that Direct FX is completely safe to use. It is in compliance with all the principles of Unregulated.
Even so, Direct FX doesn't provide assured stop-loss protection.
Why does Direct FX ask for my passport?
The reason that Direct FX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Direct FX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Direct FX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Direct FX?
The process to start trading withDirect FX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Direct FX website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Direct FX is $1. You should have a good understanding of the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Direct FX.
The best way to kickstart your trading career with Direct FX is to open a demo account facility before risking any real money
What funding methods do Direct FX accept?
There are multiple methods to finance your accounts with Direct FX. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal isn't available in all country. The currencies Direct FX
Is my money safe with Direct FX?
Yes, your cash is safe and secure with Direct FX. As you know, Direct FX operates with good conformation to. It's established lots of steps to guard all of its own investors.
Direct FX safeguards its clients' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS confirmation that you get your account.
Is Direct FX trading good?
Yes, trading via Direct FX is a pleasant and good experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you can also obtain access to a huge selection of educational tools and assistive material to kickstart your trading expertise.
If you remain skeptical, you can open a eToro demo account and assess the credibility of the platform on your own.
Which Countries does Direct FX support?
Direct FX operates around the world. However, due to regulations there are some countries that Direct FX does not accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is Direct FX legit?
Direct FX is a legit company headquarted in New Zealand since 2006. They are regulated by Unregulated. Direct FX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Direct FX a good broker?
Direct FX is an excellent agent, and its own users can vouch for it. The highlight of this platform is its fast order execution on trades.
You'll discover the clean layout of this platform along with the admirable features that a pleasure to work with.
Is Direct FX a trustworthy broker?
Yes, Direct FX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Direct FX?
The minimum deposit to open a live account with Direct FX is $1
How long do Direct FX withdrawals take?
Normally, withdrawal of money from Direct FX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Direct FX to show in your bank account.
Are Direct FX regulated?
Direct FX are regulated by Unregulated
Is Direct FX a market leading broker?
Direct FX is indisputably among the industry leaders. It supports over 10,000+ registered customers and over 15 years of expertise on its record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide selection of resources plus tools so you may invest in capital markets.
Is Direct FX a con?
No, Direct FX is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Direct FX is not a scam.
Can you make money with Direct FX?
Through Direct FX, many traders earn a lot of cash. However, on average, through consistent trading, you also can create between 2% - 10% profit a month.
This can look like a little number, but within the entire year, this adds to a significant number of gains. While Direct FX supply you all of the tools to make money, they cannot guarantee that you will gain.
Does Direct FX have fees?
Yes. To start trading with Direct FX, you need to deposit $1. Particular commissions while trading additionally apply. Any processing fees from your bank might need to be incurred by you.
When was Direct FX founded?
Direct FX was founded in 2006 in New Zealand. Direct FX is regulated by Unregulated.
How many people use Direct FX?
Direct FX is a worldwide recognised broker with 10,000+ clients.
Where is the Direct FX head office?
Direct FX has its head office in New Zealand
Does Direct FX offer negative balance protection?
No. Direct FX doesn't provide negative balance protection. If your balance is negative, Direct FX suggests you contact customer services. With this, you are able to correct any imbalances within your account.
Does Direct FX offer guaranteed stop loss?Direct FX regrettably, does not provide guaranteed stop loss. Direct FX gives an opportunity to its traders to close their trades at their specified price. Aside from that, Direct FX doesn't provide guaranteed stop loss.
Does Direct FX allow scalping?Yes, Direct FX do allow scalping. Several traders across the world choose Direct FX due to their services that are trading. They offer trading on which let this.
Does Direct FX allow hedging?
Yes, Direct FX does allow hedging.
Can you trade energies with Direct FX?
No, unfortunately you cannot trade energy stock with Direct FX
Can you trade agricultural shares with Direct FX?
No, unfortunately you cannot trade agricultural stock with Direct FX
Can you trade cryptocurrency with Direct FX?
No, unfortunately you cannot trade cryptocurrency with Direct FX
Can you trade metals with Direct FX?
No, unfortunately you cannot trade metals with Direct FX
Can you trade UK Shares with Direct FX?
No, unfortunately you cannot trade UK shares with Direct FX
Can you trade US Shares with Direct FX?
No, unfortunately you cannot trade US shares with Direct FX
Can you trade Japanese Shares with Direct FX?
No, unfortunately you cannot trade Japanese shares with Direct FX
Can you trade German Shares with Direct FX?
No, unfortunately you cannot trade German shares with Direct FX
Does Direct FX accept bank transfers?
Yes, Direct FX accepts bank transfers for depositing money.
Does Direct FX accept credit cards?
Yes, Direct FX accepts credit cards for depositing money.
Does Direct FX accept PayPal?
No, Direct FX does not accept PayPal.
Does Direct FX accept Skrill?
No, Direct FX does not accept Skrill.
Does Direct FX accept Payoneer?
Yes, Direct FX accepts Payoneer for depositing money.
Does Direct FX accept Neteller?
No, Direct FX does not accept Neteller.
Does Direct FX offer Live Chat customer support?
Yes, Direct FX offers customer support through live chat.
Does Direct FX offer phone customer support?
Yes, Direct FX offers customer support over the telephone.
Does Direct FX offer email customer support?
Yes, Direct FX offers customer support through email.
What languages can Direct FX communicate in?
Direct FX has the ability to communicate and support customers who speak: English, and Chinese
Does Direct FX have a wikipedia page?
No, Direct FX does not have an official wikipedia page.
Does Direct FX offer demo accounts?
Yes, Direct FX offers virtual portfolio accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.