Direct FX Limited Review 2020

Direct FX Limited Rated 0/5
learn more Learn more about IC Markets. Losses can exceed deposits
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Direct FX Limited Guide - Read our In Depth Direct FX Limited Review

This Direct FX Limited review was written by industry experts with over 20 years of financial experience in Forex, CFDs.

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 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 breakdown 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

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 Direct FX Limited 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 review
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.


Direct FX Limited review
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 not regulated. This means Direct FX Limited are not supervised by any regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Direct FX Limited, this will be honored.

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.

How Direct FX Limited as a Company Compare Against Other Brokers

Broker Direct FX Limited IC Markets XTB City Index
Year Established 2006 2007 2002 1983
Head Office New Zealand Australia Poland UK
Regulation Unregulated Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
Used By 10,000+ 60,000+ 200,000+ 14,000+
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Direct FX Limited Visit IC Markets Visit XTB Visit City Index
Risk Warning Losses can exceed deposits Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

Direct FX Limited review
Direct FX Limited Pros and Cons

What we like about Direct FX Limited

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

What we don't like about Direct FX Limited

Direct FX Limited review
Direct FX Limited Regulation and Licensing 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 review
Direct FX Limited Fees Explained

  • Direct FX Limited withdrawal fees varies on payment method
  • Direct FX Limited does charge a fee for inactive accounts.
  • Direct FX Limited does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Direct FX Limited Fees Compare Against Other Brokers

Broker Direct FX Limited IC Markets XTB City Index
Min Deposit 1 200 0 25
Withdrawal Fees No varies Varies
Inactivity Fees No No Yes
Deposit Fees Varies No Varies
CFD Commission Fees Yes Yes 0.0015

Direct FX Limited review
Direct FX Limited Minimum Deposit

Direct FX Limited require a minimum desposit of 1 GBP/USD when opening an Direct FX Limited trading account.

A minimum deposit is the minimum amount of money required by Direct FX Limited to open a new online brokerage account with them.

Dont be scared off by brokers like Direct FX Limited charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Direct FX Limited review
Direct FX Limited Withdrawal Fees

Direct FX Limited withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Direct FX Limited for example allow you to withdraw your funds to

Direct FX Limited review
Direct FX Limited Inactivity Fees

Direct FX Limited does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Direct FX Limited review
Direct FX Limited Desposit Fees

Direct FX Limited does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Direct FX Limited review
Direct FX Limited Commission Fees

Direct FX Limited does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Direct FX Limited review
What can you trade with Direct FX Limited?

Be aware that Different entities under Direct FX Limited Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 IC Markets and XTB below.

Losses can exceed deposits

How Direct FX Limited Trading Options Compare Against Other Brokers

Broker Direct FX Limited IC Markets XTB City Index
Instruments Available 232 1,500 12,500
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 65 50 100
Major Forex pairs Yes Yes Yes
Minor Forex pairs Yes Yes Yes
Exotic Forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 19 21 26
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 100 1696 4500
UK Shares No Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
Risk Warning Visit Direct FX Limited
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% 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.
Visit City Index
74% of retail investor accounts lose money when trading CFDs with this provider

Direct FX Limited review
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

Losses can exceed deposits

Direct FX Limited withdrawal and funding methods.

Please note that the list of payment methods below depend on the Direct FX Limited Entity and the Clients Country of Residence.

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

Broker Direct FX Limited IC Markets XTB City Index
Bank transfer Yes Yes Yes
Credit Cards Yes Yes Yes
Paypal Yes Yes Yes
Skrill Yes Yes No
Payoneer No Yes Yes
Neteller Yes Yes No

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.

Losses can exceed deposits

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 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 Direct FX Limited 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 IC Markets XTB City Index
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, German, Arabic, Polish, and Chinese
Learn More Visit Direct FX Limited Visit IC Markets Visit XTB Visit City Index
Risk Warning Losses can exceed deposits Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Direct FX Limited Brand may be different.

  • 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 3 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 the Direct FX Limited trading platform 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.

Direct FX Limited review
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 14 years.
  • Direct FX Limited has a reasonable sized customer support 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 review
Direct FX Limited not quite right?

If after reading this Direct FX Limited review, Direct FX Limited does not fulfill your needs check out these Direct FX Limited Alternatives.

Click here to view the best 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.

Direct FX Limited review
Related Direct FX Limited Vs Comparisons

We have covered allot in this Direct FX Limited review, If you want to see how Direct FX Limited compares side by side with other brokers check out our Direct FX Limited Vs pages.

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 our indepth Direct FX Limited VS pages below.

Direct FX Limited review
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?

Please note that the list of payment methods below depend on the Direct FX Limited Entity and the Clients Country of Residence.

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?

Direct FX Limited is considered good and reputable to trade with. Direct FX LimitedDirect 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 1.

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 overseen by the top tier financial regulators Unregulated so can be considered a good broker. 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 a fee for inactive accounts. 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. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

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