Direct FX Limited Review 2020

Direct FX Limited Rated 0/5
Direct FX Limited have a low rating. We recommend you look at one of their alternative brokers.
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Direct FX Limited Guide

Direct FX Limited are an online broker founded in 2006 offering Forex trading, and CFDs trading.

Direct FX Limited are a global broker and have multiple offices around the world including a head office in New Zealand.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Direct FX Limited we break down the pros and cons. What Direct FX Limited are able to offer, what countries Direct FX Limited are available in. Who Direct FX Limited are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Direct FX Limited

  • Regulated by: Unregulated
  • Headquarters Country : New Zealand
  • Foundation year 2006
  • Min Deposit : 1
  • Used by over 10,000 traders
  • Direct FX Limited is not available in the following countries :
Open Direct FX Limited's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to Direct FX Limited

With this review we hope to help you see if Direct FX Limited is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Direct FX Limited that will help you get off to a good start in the world of online trading.

Direct FX Limited Review Table of Contents

Direct FX Limited what you should know

Direct FX Limited offer two ways to trade: Forex, CFDs.

With Direct FX Limited you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with Direct FX Limited platform.

Direct FX Limited are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Direct FX Limited safe?

When choosing a broker like Direct FX Limited the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2006, and in operation for 14 years Direct FX Limited have a head office in New Zealand.

Direct FX Limited is regulated. This means Direct FX Limited are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Direct FX Limited, this will be honored. If Direct FX Limited violate any regulatory rules their regulated status could be stripped.

Any payments funded to Direct FX Limited accounts by traders are held in a segregated bank account.

For added security Direct FX Limited use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Direct FX Limited. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Direct FX Limited

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker Direct FX Limited XTB eToro Pepperstone
Year Established 2006 2002 2006 2010
Head Office New Zealand Poland Cyprus, UK Australia
Regulation Unregulated Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes No Yes
Guaranteed Stop Loss Yes No No
Learn More Visit Direct FX Limited Visit XTB Visit eToro Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Direct FX Limited Pros and Cons

What we like about Direct FX Limited

  • Used by over 10,000 traders
  • Established in 2006
  • Regulated by Unregulated
  • Min. deposit from $1

What we don't like about Direct FX Limited

Direct FX Limited Financial Regulation and Supervision in more detail

Direct FX Limited are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Direct FX Limited that are not regulated yet appear to be legitimate.

Direct FX Limited maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Direct FX Limited you are not guarenteed help in a difficult situation.

  • Unregulated

Direct FX Limited General Fees

  • Direct FX Limited withdrawal fees varies on payment method
  • Direct FX Limited does charge inactivity fees
  • Direct FX Limited does charge deposit fees
Broker Direct FX Limited XTB eToro Pepperstone
Min Deposit 1 0 200 200
Withdrawl Fees varies Yes No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes No Yes

Direct FX Limited Commissions

  • Direct FX Limited does charge commission on CFD instruments.

What can you trade with Direct FX Limited?

You can trade a wide variety of instruments with Direct FX Limited over instruments infact.

If you are looking at trading currency pairs Direct FX Limited offer over currency pairs.

Compare Direct FX Limited with XTB and eToro below.

Losses can exceed deposits

Broker Direct FX Limited XTB eToro Pepperstone
Instruments Available 1,500 100 100
Platforms MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Direct FX Limited Visit XTB Visit eToro Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Visit Direct FX Limited Visit XTB Visit eToro Visit Pepperstone
Commodities Offered 0 21 0 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes No
Indiced & Stock CFDs Visit Direct FX Limited Visit XTB Visit eToro Visit Pepperstone
Stocks Offered 1696 957 60
UK Shares Yes Yes No
US Shares Yes Yes No
German Shares Yes Yes Yes
Japanese Shares Yes Yes No

Trading on Direct FX Limited web platforms and other applications

Direct FX Limited also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Direct FX Limited's platforms

Direct FX Limited Trading benefits :

  • Low min deposit

Direct FX Limited Trading Accounts Offered :

Can I try Direct FX Limited before I buy?

Direct FX Limited offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Direct FX Limited withdrawl and funding methods.

Direct FX Limited offer the below funding payment methods. learn more about Direct FX Limited

Broker Direct FX Limited XTB eToro Pepperstone
Bank transfer Yes Yes Yes
Credit Cards Yes Yes Yes
Paypal Yes Yes Yes
Skrill Yes Yes Yes
Payoneer Yes Yes Yes
Neteller Yes Yes Yes

How can I start trading with Direct FX Limited?

When opening a trading account with Direct FX Limited, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Direct FX Limited trading platforms here.

Performing trades with Direct FX Limited

Direct FX Limited allow you to execute a minimum of trade of . This may vary depending on the account you open. Direct FX Limited allow you to execute a maxium trade of .

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Direct FX Limited

To trade effectively with Direct FX Limited, it's important to get a have a good understanding of the XTB trading tools and the markets.

Direct FX Limited offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Direct FX Limited.

Take time to look around the Direct FX Limited platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Direct FX Limited

Direct FX Limited support a limited number including

Direct FX Limited have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Direct FX Limited less customer support features compared to other brokers like live chat, phone and email support.

Livechat Support at Direct FX Limited

Direct FX Limited does not offer LiveChat Support.

Email Support at Direct FX Limited

Direct FX Limited does not offer Email Support.

Phone Support at Direct FX Limited

Direct FX Limited does not offer Phone Support.

See how Direct FX Limited Support Compares Against Other Brokers

Broker Direct FX Limited XTB eToro Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, and Italian English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Direct FX Limited Visit XTB Visit eToro Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Direct FX Limited

As Direct FX Limited is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Direct FX Limited's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Direct FX Limited you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.directfx.co.nz/ on 12th August 2018.

Is Direct FX Limited A Good Broker?

We spent over 3 months examining Direct FX Limited in depth. Although we found some very useful aspects of the Direct FX Limited platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Direct FX Limited broker.

  • Direct FX Limited have a good track record of offering Forex, CFDs.
  • Direct FX Limited has a history of over 6 years.
  • Direct FX Limited has a reasonable sized client support call center of at least 10.
  • Direct FX Limited are regulated by Unregulated. This means Direct FX Limited fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Direct FX Limited have regulation from a Tier 1 reputable country.
  • Direct FX Limited has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Direct FX Limited have an international presence in multiple countries. This includes local Direct FX Limited seminars and training.
  • Direct FX Limited are able to hire people from various locations in the world who can better communicate in your local language.

Direct FX Limited Risk Disclaimer

Losses can exceed deposits

Direct FX Limited not quite right?

Check out these Direct FX Limited Alternatives

We have spent years researching the best alternatives to Direct FX Limited. Click the links below to learn more.

If you feel some of the above Direct FX Limited are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Direct FX Limited alternatives below.

Related Direct FX Limited Comparisons

If you would like to see how Direct FX Limited stands up against other brokers you can read some of our Direct FX Limited comparisons below. We compare side by side some of our top rated Direct FX Limited versus comparisons. Read some indepth Direct FX Limited VS pages below.

DIRECT FX LIMITED Frequently Asked Questions

Can I try Direct FX Limited before I buy?

Direct FX Limited do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Direct FX Limited accept?

Direct FX Limited offer the following funding payment methods among other payment methods.
Learn more here

Losses can exceed deposits

Is Direct FX Limited safe?

While Direct FX Limited may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Direct FX Limited accounts by traders are held in a segregated bank account. For added security Direct FX Limited use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Direct FX Limited trading good?

While Direct FX Limited may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.Direct FX Limited is used by over Direct FX Limited active traders. Direct FX Limited offers Forex trading, and CFDs trading. Minimum deposit with Direct FX Limited is mindeposit.

Is Direct FX Limited trading Legit?

Direct FX Limited was founded in New Zealand in 2006. Direct FX Limited has been facilitating trade on the financial markets for over 14 years. Direct FX Limited offers clients Forex trading, and CFDs trading. All funds deposited to Direct FX Limited are held in segregated tier 1 bank accounts for security. Direct FX Limited is not regulated. Although this doesnt mean Direct FX Limited are awful, we recommend trading with regulated brokers.

Is Direct FX Limited a good broker?

Direct FX Limited is not regulated by a top tier financial regulator. While many traders may still find trading with Direct FX Limited useful, we recommend only trading with a broker that has regulation.Direct FX Limited allows Forex trading, and CFDs trading.

Is Direct FX Limited trustworthy broker?

While having many plus points because Direct FX Limited is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for Direct FX Limited?

The minimum deposit to trade with Direct FX Limited is 1.

How long do Direct FX Limited withdrawals take?

Withdrawing money from Direct FX Limited processing time varies but averages 2-5 days.

Is Direct FX Limited regulated?

Direct FX Limited is not regulated by a top tier financial regulator.

Is Direct FX Limited a market maker?

Direct FX Limited is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Direct FX Limited?

When opening a trading account with Direct FX Limited, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Direct FX Limited trading platforms here.

Is my money safe with Direct FX Limited?

Direct FX Limited is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Direct FX Limited is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Direct FX Limited, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Direct FX Limited a con?

While we would noy say that Direct FX Limited is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with Direct FX Limited?

Although traders have had great success with Direct FX Limited. Trading on the financial markets with Direct FX Limited is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Direct FX Limited have fees?

Direct FX Limited withdrawal fees varies on payment method. Direct FX Limited does charge inactivity fees. Direct FX Limited does charge deposit fees.

When was Direct FX Limited founded?

Direct FX Limited was founded in 2006.

How many people use Direct FX Limited?

Direct FX Limited is used by over 10000 registered traders.

What is Direct FX Limited Headquarters country?

Direct FX Limited has its head quarters office in New Zealand.

Does Direct FX Limited offer negative balance protection?

Direct FX Limited does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Direct FX Limited offer guaranteed stop loss?

Direct FX Limited does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does Direct FX Limited allow scalping?

Direct FX Limited does not offer scalping.

Does Direct FX Limited allow hedging?

Direct FX Limited does not offer hedging.

Does Direct FX Limited offer CFD trading?

Direct FX Limited does not offer CFD trading.

Does Direct FX Limited offer STP?

Direct FX Limited does not offer STP trading.

How many people use Direct FX Limited?

Direct FX Limited is used by over 10000 traders.

Is Direct FX Limited an ECN broker?

Direct FX Limited does not offer ECN trading.

Does Direct FX Limited offer a demo account?

Direct FX Limited does not offer demo account.

Does Direct FX Limited offer an Islamic account?

Direct FX Limited does not offer Islamic accounts.

What are the funding methods for Direct FX Limited?

Direct FX Limited accept the following funding methods :

Direct FX Limited review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Direct FX Limited brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Direct FX Limited review written by Mark Hansen of Comparebrokers.co