DBFX Review

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Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

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DBFX Trades Video Review

Investor Protection & Regulations

“DBFX Trades is a brand name of DBFX Limited which is authorised and regulated by the Vanuatu Financial Services Commission (VFSC). DBFX is a subsidiary of the Belight Capital Group which is regulated by Cyprus Securities and Exchange Commission (CySEC).”

DBFX Trades is a brand name of DBFX Limited which is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), as confirmed below:

DBFX is a subsidiary of the Belight Capital Group which is regulated by the Cyprus Securities and Exchange Commission. However, accounts that are opened at DBFX Tradeswill fall under the Vanuatu regulation.

The broker offers the segregation of client funds which are held with top tier banks as well advanced SSL encryption, as shown below:

Tradable Products

“DBFX Trades offers users the ability to trade on more than 450+ instruments covering Forex, Commodities, Stocks, Crypto and Index CFDS.”

DBFX Trades offers users the ability to trade on more than 450+ instruments covering Forex, Commodities, Stocks, Crypto and Index CFDS.

Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the DBFX Trades website and trading platform and are correct at the time of this review.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the instrument being traded and the account type opened.

Account Opening

“DBFX Trades provides users with a choice of 5 different trading accounts called Discover, Silver, Gold, Premium and VIP. The broker also offers free demo trading accounts.”

DBFX Trades provides users with a choice of 5 different trading accounts called Discover, Silver, Gold, Premium and VIP. The broker also offers free demo trading accounts.

Each account comes with different features and benefits which are listed above and on the broker’s website. Generally speaking, the higher the deposit amount the more services you get and lower spreads you receive.

Users can simply click on Open Account to redirect to the account opening page as shown below:

Once this is done, users are then automatically logged into the DBFX Trades Traders Room dashboard. Here, you can manage accounts, deposit and withdraw funds, as well as access Trading Signal services (depending on account type opened), an economic calendar and more, as shown below:

To start depositing and withdrawing funds users will need to upload proof of identity and proof of residence documents, as shown below:

Deposit & Withdrawals options

“DBFX Trades offers a wide variety of deposit and withdrawal methods which include bank wire transfer, debit and credit cards, Neteller, Skrill, Trustly, PaySafeCard, Paysec, AstroPay, Western Union, Payvalida and Cryptos.”

DBFX Trades offers a wide variety of deposit and withdrawal methods which include bank wire transfer, debit and credit cards, Neteller, Skrill, Trustly, PaySafeCard, Paysec, AstroPay, Western Union, Payvalida and Cryptos.

This methods can be found when logged into the Traders Room and selecting deposit on the left-side tab, as shown below:

The broker advertises fee-free deposit and withdrawals. However, the withdrawal methods are more limited and include bank wire transfer, debit and credit cards and Skrill. This is shown in the withdrawal section of the Traders Room:

Withdrawals can only be processed once all the KYC documents and identity has been verified.

Web & Desktop Trading Platforms

“DBFX Trades offers users the ability to trade on the globally recognised MetaTrader 4 trading platform as well as their own HTML5 browser-based DBFX Trades Web Sirix platform.”

DBFX Trades offers users the ability to trade on their own HTML5 browser-based trading platform called the DBFX Trades Web Sirix platform. This means no download is necessary. The platform provides additional features such as one-click trading, advanced charting and social trading.

Below is a screenshot of the DBFX Trades Sirix Web platform:

Trading on this platform is covered in more detail in the video review.

Users can also download the MetaTrader 4 trading platform which provides multiple order execution types, on chart trading and more.

Mobile Trading Platforms

“DBFX Trades allows users to trade on their own native DBFX Sirix Mobile trading app for Android and iOS.”

DBFX Trades allows users to trade on their own native DBFX Sirix Mobile trading app for Android and iOS. The app can be downloaded from the broker’s website or from the Apple App Store or Google PlayStore.

With the DBFX Sirix mobile trading app, users can:

• Access social trading services.
• Trade on the go, across multiple asset classes.
• Manage trades and accounts from the app.

Below is a screenshot of the DBFX Trades Sirix mobile trading app:

Trading Features

“DBFX Trades provides a range of additional trading features such as access to trading signals, analysis from Trading Central (for accounts with at least 1,000 USD/EUR), the ability to join their social trading community and copy other traders and protected positions.”

DBFX Trades provides a range of additional trading features. Users can access the ability to have their first few trades protected through protection insurance. The broker will give you your money back if you lose your first 5-10 positions but you get to keep any profits made, subject to the Terms and Conditions.

Once logged into the DBFX Trades Web Sirix platform, users can gain access to a social trading community.

This then allows users to follow other traders and build their own profile, as shown below when logged in to the trading platform:

Users can also access daily trading signals and features from Trading Central but the latter requires a minimum 1,000 EUR/USD funded account.

Commissions & Spreads

“DBFX Trades offers commission-free trading on Currencies with varying and fixed spreads on different asset classes depending on the market and account type opened.”

DBFX Trades offers commission-free trading on Currencies with fixed spreads. Other markets have variable spreads. Different account types provide spread discounts so will vary depending on which account is chosen.

However, the broker does provide some information regarding spreads for different asset classes in a downloadable PDF on its website, as shown below:

DBFX Trades Stocks Trading

DBFX Trades Forex Trading

DBFX Trades Commodities Trading

Bonus & Promotions

“Due to its offshore regulation DBFX Trades does provide bonus and promotional offerings in the form of deposit bonuses, spread discounts and protection insurance.”

Due to its offshore regulation DBFX Trades does provide bonus and promotional offerings. Users can access the broker’s deposit bonus and access a free ebook:

Users can also access the broker’s protection insurance which covers the losses of the first 5-10 trades, subject to terms and conditions:

Spread discounts are also offered with the higher minimum deposit accounts as shown below:

Customer Support

“DBFX Trades offers customer support in the form of email, telephone, WhatsApp messenger and an online contact form.’’

DBFX Trades offers customer support in the form of email, telephone, WhatsApp messenger and an online contact form.

The broker also has a live chat option but it was not working at the time of this review.

Contact Information:

• Address: 1276 Kumul Hwy, 1st Floor Govant Building, 1276, Port Vila, Vanuatu.
• Email: cs@dbfxtrades.com
• Phone: +44 7438319277
• WhatsApp: +44 7448322030

There are no social links available to connect with DBFX Trades.

Research

“The broker only provides research from the client portal area once logged in. This includes a news ticker, market news, an economic calendar, trading calculators and other types of analysis.”

DBFX Trades provides research from the client portal area once users are logged in. This includes a news ticker and market news section as shown below:

The broker also provides access to an economic calendar as shown below:

There are also options to access research from Trading Central. However, users require a minimum account of 1,000 EUR/USD to access it. The broker also provides a stock analysis section but this was not working at the time of review. However, they also provide video chart analysis, as shown below:

Trader Education

“DBFX Trades offers a wide range of educational video tutorials in the client portal area once logged in.’’

DBFX Trades offers a wide range of educational video tutorials in the client portal area once logged in. The contents cover a wide range of topics such as cryptocurrencies, trading tools, commodities, trading strategies, economics and more.

Each video section then offers further videos for the topic which are easy to play.

Trading Experience

“DBFX Trades provides a simple trading offering most suited for beginner traders. Users have access to five different types of trading accounts with more add-on services and higher spread discounts available for higher minimum deposit accounts but all with access to a social trading community.”

From our observations, DBFX Trades provides a simple trading offering most suited for beginner traders. Users have access to five different types of trading accounts to trade on Forex, Commodities, Stocks, Crypto and Indices on the MetaTrader 4 trading platform or the broker’s Sirix Web Trader platform.

The DBFX Trades Sirix Web Trader platform comes with unique features such as a social trading community where users can copy other traders. The broker also offers daily signals, news, video analysis and education through the client portal. More services, such as analytics from Trading Central, can be accessed for those with a minimum 1,000 USD/EUR in their account.

FAQ

Is DBFX Trades regulated?

Yes, by the Vanuatu Financial Services Commission (VFSC).

Where is DBFX Trades based?

DBFX Trades is based at 1276 Kumul Hwy, 1st Floor Govant Building, 1276, Port Vila, Vanuatu.

How does DBFX Trades make money?

DBFX Trades makes money mainly through spreads, swaps and commissions on certain tradable asset classes.

How do I deposit in DBFX Trades account?

Funds can be deposited into a trading account via bank wire transfer, debit and credit cards, Neteller, Skrill, Trustly, PaySafeCard, Paysec, AstroPay, Western Union, Payvalida and Cryptos.

What is the min. deposit for DBFX Trades ?

The minimum deposit for DBFX Trades is 200 USD/EUR.

How do I withdraw money from DBFX Trades ?

Withdrawals can be made from DBFX Trades via bank wire transfer, debit and credit cards and Skrill.

What is the max leverage in DBFX Trades ?

The maximum leverage offered by DBFX Trades is 1:200.

How do I open an account with DBFX Trades ?

An account can be opened at the click of a button on the DBFX Trades website and can be done in just a few steps.

Does DBFX Trades use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“DBFX Trades is regulated by the Cyprus Securities and Exchange Commission (CySEC), offering 6 different account types to trade CFDs on Currencies, Indices, Stocks, ETFs and Commodities and the broker’s own proprietary web-based trading platform, as well as on MetaTrader 5.”

DBFX Trades is a brand name of DBFX Limited which is authorised and regulated by the Vanuatu Financial Services Commission (VFSC). DBFX is a subsidiary of Belight Capital Group which is regulated by the Cyprus Securities and Exchange Commission.

The broker offers five different account types called Discovery, Silver, Gold, Premium and VIP. Each account comes with different features and benefits such as spread discounts, access to Trading Central services and more.

Users can trade on multiple asset classes such as Forex, Commodities, Stocks, Crypto and Index CFDs on the MetaTrader 4 trading platform for Desktop, Web, Android and iOS systems, as well as access trading signals, an economic calendar and a Trading Academy. The broker also offers their own DBFX Trades Sirix Web Trader platform and mobile trading app which allows users to join a social trading community.

• Commission-free trading available.
• Social trading platform.
• Can trade on MetaTrader 4.
• Wide range of asset classes available.