umarkets vs Direct FX, 2024 Update
umarkets Rating
|
Direct FX Rating
|
Your capital is at risk |
Losses can exceed deposits |
umarkets vs Direct FX Guide |
Read our In-Depth umarkets vs Direct FX Review - Updated for 2024
This review comparing umarkets and Direct FX has been refreshed for 2024 by industry experts with years of expertise in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of umarkets vs Direct FX does not apply to all countries as follows:
umarkets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Direct FX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare umarkets vs Direct FX
All platforms for online trading feature certain advantages and disadvantages, and a complete analysis of umarkets vs Direct FX should not be complete without embracing a fair assessment.
Compare umarkets and Direct FX to get a better understanding of the way they stack up to each before you create an account. Conducting a comparative analysis will put things into perspective to ensure that you remain aware of what to expect.
So you are looking for a broker and are choosing between umarkets or Direct FX. Who should you choose?
Our umarkets vs Direct FX comparison contains the latest information so you can easily compare Direct FX against umarkets.
If you are a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will get adept at all of the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who'll be clear with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. umarkets and Direct FX are just two such platforms which will take you along with your investment to great heights. It's crucial to compare umarkets vs Direct FX before you trust them with your money.
Our umarkets vs Direct FX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust umarkets and Direct FX side by side.
Our full umarkets vs Direct FX Review covers all you will need to know about trading using either umarkets or Direct FX. A fantastic broker can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire method to ensure profits; thus, you must carefully assess your broker before you choose them. It is a frequent misconception that all agents will be the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
umarkets and Direct FX are both brokers which have forged their way successfully to the brokerage world. In this review, we have attempted to collate some of the important facets of both umarkets and Direct FX. This review will allow you to know whether either Direct FX or umarkets is a good match for your own investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Benefits of umarkets and Direct FX Compared
umarkets has a minimum deposit of $250 while Direct FX offers a $1 minimum deposit.
Why smaller minimum deposits are good and how umarkets and Direct FX compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
umarkets allows you to trade around 216 financial instruments whilst Direct FX allows you to trade around 216 financial instruments on their platform.
The more instruments you can trade on the umarkets and Direct FX trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of umarkets or Direct FX.
umarkets and Direct FX Contact Details
Being able to contact your broker through many ways is vital. umarkets and Direct FX have the following contact details and social medias that you can use.
Broker | umarkets | Direct FX |
---|---|---|
Telephone Number | ||
Address | ||
umarkets Twitter Account | Direct FX Twitter Account | |
umarkets Facebook Page | Direct FX Facebook Page | |
umarkets Instagram Account | Direct FX Instagram Account | |
umarkets LinkedIn Page | Direct FX LinkedIn Page | |
YouTube | umarkets YouTube Channel | Direct FX YouTube Channel |
Find Out More |
|
|
Direct FX and umarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of umarkets and Direct FX we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
umarkets vs Direct FX - Awards
umarkets vs Direct FX - Frequently Asked Questions
umarkets vs Direct FX - Headquarters And Year Of Founding
umarkets was founded in 2018 and has its head office in Bulgaria.
Direct FX was founded in 2006 and has its headquaters in New Zealand.
What is the minimum deposit for Direct FX or umarkets
The minimum deposit for umarkets is $250.
The minimum deposit for Direct FX is $1.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both umarkets and Direct FX are a good choice.
umarkets vs Direct FX - Regulation And Licencing In More Detail
umarkets is regulated by 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-F333.
Direct FX is regulated by Unregulated.
Direct FX is unregulated but umarkets has a strong collection of rules for ensuring fair trading onto its individual platforms. For data encryption purposes, they supply industry-standard secure socket layer (SSL).
As per their privacy policy, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare umarkets vs Direct FX Commission And Fees
umarkets and Direct FX are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled much better. That is, an online broker is not necessarily affected by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 different types of penalties for this objective.
The first sort of charges to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're spending a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They are charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither umarkets or Direct FX charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, for example daily or weekly trading.
However, non-trading fees billed by umarkets and Direct FX are comparatively competitive. As a result, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This umarkets vs Direct FX review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For umarkets And Direct FX
Broker | umarkets | Direct FX |
---|---|---|
Minimum Deposit | $250 | $1 |
Withdrawal Fees | Yes | No |
Inactivity Fees | Yes | No |
Deposit Fees | No | Yes |
CFD Fees | No | Yes |
Find Out More |
|
|
What Languages Do umarkets And Direct FX Support?
Being able to talk completely with your online broker is a key element when comparing online brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find the languages that both umarkets and Direct FX offer communication in.
How Many Clients Do umarkets and Direct FX Have?
Both umarkets and Direct FX are well known and trusted. It is important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients umarkets and Direct FX are active on their platform
Broker | umarkets | Direct FX |
---|---|---|
Clients / Users | 10,000+ | 10,000+ |
Find Out More |
|
|
What Payment Methods Do umarkets and Direct FX Accept?
umarkets and Direct FX both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at umarkets and Direct FX
Broker | umarkets | Direct FX |
---|---|---|
Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | No |
Skrill | Yes | No |
Payoneer | Yes | Yes |
Neteller | Yes | No |
Find Out More |
|
|
What Can You Trade With umarkets and Direct FX?
umarkets offers 216 trading instruments whilst Direct FX offers .
Below you will find a full breakdown of what both umarkets and Direct FX offer.
umarkets Review
umarkets vs Direct FX:
Table Of Contents
- Compare umarkets vs Direct FX
- Benefits of umarkets and Direct FX Compared
- Direct FX and umarkets Mobile App Comparison
- umarkets vs Direct FX - Awards
- umarkets vs Direct FX - Frequently Asked Questions
- What is the minimum deposit for Direct FX or umarkets
- umarkets vs Direct FX - Regulation And Licencing In More Detail
- Compare Broker Fees For umarkets And Direct FX
- What Languages Do umarkets And Direct FX Support?
- How Many Clients Do umarkets and Direct FX Have?
- What Payment Methods Do umarkets and Direct FX Accept?
- What Can You Trade With umarkets and Direct FX?