DbFX Forex Trade Platform and Broker Review

DbFX Forex Trade Platform and Broker Review

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DBFX Forex Review

DbFX is an offshore forex trade platform and forex broker which offers traders from around the world with access to global financial markets. DbFX’s primary services surround the provision of tradable financial instruments at competitive rates.

DbFX has between 50 and 100 employees and is headquartered in Port Vila, Vanuatu.

Is DbFX Regulated?

Yes, DbFX is a Vanuatu-based forex broker under the brand name DBFX Ltd, a registered, regulated and authorized company. DbFX has regulation through the Vanuatu Financial Services Commission (VFSC).

In addition, DbFX is also a subsidiary of Belight Capital Group, which is a Cyprus-based investment firm that has regulation through the Cyprus Securities and Exchange Commission (CySEC).

 

Is DbFX Regulated in the United States?

No, DbFX is not regulated in Virginia or any other US state. 

Is DbFX Regulated in Europe?

No, DbFX is not regulated by any entities in Europe.

Is DbFX regulated in a Tier-1 Jurisdiction?

Tier-1 Jurisdiction provides DbFX with the license to provide financial services in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official DbFX website, DbFX is regulated in Tier-1 jurisdiction.

Is DbFX regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction provides DbFX with the license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, DbFX is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in DbFX?

DbFX offers traders access to a range of trading software, including MetaTrader 4, DbFX Sirix Web, DbFX Active8, DbFX Sirix Station, and the DbFX mobile app.

  1. MetaTrader 4 is the most popular trading platform in the industry that is used by millions of traders. With the DbFX MetaTrader 4 suite, forex traders have access to intuitive charting, a variety of trading tools, and comprehensive analysis.
  2. DbFX Sirix Web is the web trading platform for DbFX, which offers forex traders the opportunity to execute trades without needing to install the software. With this application, traders can use one-click trading, black and white in HTML5, advanced charting, and more.
  3. DbFX Active8 and DbFX Sirix Station provide forex traders with advanced, sophisticated trading opportunities, including social trading, access to a range of markets, direct encryption, and a secure trading environment.
  4. DbFX mobile – the DbFX mobile app can be downloaded on either iOS or Android devices, allowing traders with access to a range of markets from anywhere in the world.

Does DbFX Have a News Blog for Forex News?

Yes. DbFX offers a free news blog for forex news on its official website. DbFX offers traders updated market news and insights, real-time quotes on all financial instruments, technical analysis, and market overviews that have a variety of investing ideas.

Does DbFX Have a Traders Dashboard?

Yes, DbFX has a Traders Dashboard in the form of an analytics platform that can be accessed for free from the official DbFX website.

DBFX Traders Dashboard

Does DbFX Have an Educational Section?

No, DbFX does not have an educational section. The official website contains a “Trading Academy” section which has a few topics, including:

  1. Analytics Platform
  2. Forex Trading Signals
  3. Forex Trading Basics
  4. US Stock Analysis
  5. News Factory
  6. Trading Central

Despite these categories, there is no educational material, sources, or tools provided to guide beginner forex traders or to help advanced forex traders improve and refine their forex trading.

 

What is the content of DbFX Forex Education?

Under the trading academy, DbFX provides only a few categories, and these do not have comprehensive information that will be useful to forex traders.

Is DbFX Legit?

Yes, DbFX is a legit Forex Broker and Trade Platform that has regulation through the Vanuatu Financial Services Commission (VFSC).

DbFX is also a subsidiary of Belight Capital Group, which is a Cyprus-based investment firm that has regulation through the Cyprus Securities and Exchange Commission (CySEC).

Is DbFX Safe?

Yes, DbFX is a reliable and safe Forex Trade platform where regulation and stringent safety protocols are concerned. DbFX is regulated by the Vanuatu Financial Services Commission (VFSC). As a subsidiary of Belight Capital Group, DbFX also has the backing of regulation through CySEC.

DbFX is obliged to keep all client funds in segregated accounts, separate from operational funds. These funds may not be used for anything except towards trading activities.

Is DbFX a Good Broker?

Yes. According to the Forex Suggest review, DbFX is a good broker for security, trading speed, online support, and cryptocurrencies. 

DbFX’s exact trading speed is not known but according to reliable sources, but the forex broker guarantees that orders are executed quickly, with minimal slippage.

Where security is concerned, DbFX uses some of the best SSL technology to ensure that client information and data are kept secure.

DbFX offers online support to forex traders through a live chat option which is available on the official website.

In terms of cryptocurrencies, DbFX offers most crypto pairs such as Bitcoin, Litecoin, Ethereum, and others.

What is the Offering of Investment in DbFX?

Offerings of DbFX can be found below.

Feature DbFX
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does DbFX have Nasdaq?

Yes, DbFX claims to offer forex traders with access to Nasdaq.

Nasdaq, known as the US Tech 100 or the Nasdaq composite, is the second-largest stock exchange by market capitalization. Nasdaq tracks the top technology stocks in the US.

What are the Awards of DbFX?

The official website of DbFX does not indicate any awards or recognition.

How to Use DbFX for Forex trading?

To use DbFX, a forex trader should have the necessities below:

  1. Traders must have a copy of their identity document along with proof of their residential address for DbFX’s “Know Your Client” or KYC process.
  2. Traders must be 18 years old or older to register an account.
  3. Traders must be able to pay the $200 minimum deposit on the Basic Accounts.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of DbFX.

How to open a Forex trading account with DbFX?

To open a Forex Trading account with DbFX, a trader should follow the steps below.

  1. Forex traders can visit the official DbFX website and select “Real Account” from the main toolbar.
  2. The forex trader must provide their first and last name, a user-selected password, email address, country of residence, mobile number, and date of birth. 
  3. Next, the forex trader can select their account currency, trading platform, and account type. 
  4. Lastly, the forex trader can enter the security code provided to prove that they are human before selecting “start trading.”
  5. The forex trader will receive a verification link to the email address they provided. The forex trader must click the embedded link to complete their registration.
  6. The registration will require additional personal, financial, employment, and forex trading information.
  7. Lastly, the forex trader must provide proof of their identity and residential address to verify their trading account.

What is the Forex Trader Account Types with DbFX?

Forex Trading Platform and Financial Asset Management Institution DbFX have eight different account types that are offered.

DbFX Account Types are listed below. 

  1. Demo Account
  2. Basic Account
  3. Discovery Account
  4. Silver Account
  5. Gold Account
  6. Premium Account
  7. VIP Account
  8. VIP+ Account

1. Demo Account

DbFX offers a free demo account that can be used to practice trading, develop strategies, and explore what DbFX has to offer. 

2. Basic Account

The DbFX Basic Account is an entry-level account that provides forex traders with some basic trading conditions. This account type is perfect for beginner traders who are still learning to trade forex. The features of this account are:

  • Minimum Account Equity from $200 to a maximum of $1,999
  • Free eBook and training
  • Personal Account Manager
  • Trading Insider
  • One-click trading
  • Pop-up alerts

3. Discovery Account

The DbFX Discovery Account is for more advanced traders who are familiar with forex trading. The features on this account type are:

  • Minimum Account Equity from $2,000 to a maximum amount of $4,999
  • Free eBook and training
  • Personal Account Manager
  • Trading Insider
  • One-click trading
  • Pop-up alerts
  • Price discounts of up to 10%

4. Silver Account

The DbFX Silver Account provides more advanced traders with some of the best trading conditions and added benefits, including:

  • Minimum Account Equity from $5,000 up to maximum $9,999
  • Free eBook and training
  • Personal Account Manager
  • Trading Insider
  • One-click trading
  • Pop-up alerts
  • Access to AutoChartist
  • Price discount up to 20%

5. Gold Account

The DbFX Gold Account is a popular option for many forex traders who want unlimited access to financial markets at best possible prices. The Gold Account has the following features:

  • Minimum Account Equity from $10,000 up to $14,999
  • Free eBook and training
  • Personal Account Manager
  • Trading Insider
  • One-click trading
  • Pop-up alerts
  • Access to AutoChartist
  • Price discount up to 30%
  • Rollover Discount up to a maximum of 17%

6. Premium Account

As the name suggests, the DbFX Premium Account is for advanced traders who want premium trading conditions that are aligned with their forex trading objectives. The features on this account type are:

  • Minimum Account Equity from $15,000 up to $29,999
  • Free eBook and training
  • Personal Account Manager
  • Trading Insider
  • One-click trading
  • Pop-up alerts
  • Access to AutoChartist
  • Price discount up to 40%
  • Rollover Discount up to a maximum of 20%

7. VIP Account

The DbFX VIP Account is reserved for professional traders who have significant amounts of forex trading experience. The VIP Account has the following conditions and features:

  • Minimum Account Equity from $30,000 to a maximum of $49,999
  • Free eBook and training
  • Personal Account Manager
  • Trading Insider
  • One-click trading
  • Pop-up alerts
  • Access to AutoChartist
  • Price discount up to 50%
  • Rollover Discount up to a maximum of 33%

8. VIP+ Account

The DbFX VIP+ Account is designed for professional, corporate, and institutional clients who trade large volumes. This account type ensures that traders are given the best benefits, featuring:

  • Minimum Account Equity from $50,000 and more
  • Free eBook and training
  • Personal Account Manager
  • Trading Insider
  • One-click trading
  • Pop-up alerts
  • Access to AutoChartist
  • Price discount up to 60%, which is the best rate offered
  • Rollover Discount up to a maximum of 50%

How to Withdraw Money from DbFX?

To withdraw money from DbFX, the following should be done:

  • Traders can log into their personal area using their login credentials.
  • Forex traders can navigate to the area designated for withdrawals and select the forex trading account from which they wish to withdraw.
  • Once the form is completed, it is submitted to the DbFX support team, where it will be processed.
  • Processing time will depend on the payment method, which is used, with withdrawals typically processed within two business days.
  • There are no fees charged for withdrawals, but forex traders may pay transaction fees charged by their bank.

How many days do deposits take with DbFX?

This will depend on the deposit method that the forex trader uses. Some deposit methods may be instants, such as debit cards, credit cards, and electronic channels such as Neteller and Skrill. Other methods, such as bank wire transfers, may take a few business days.

What are the costs and fees with DbFX?

There are four types of costs with DbFX, namely spreads, rollover fees, and margin requirements. 

The spread is the difference between the bid and the asking price, which is indicated in pips.

Rollover fees are charged on certain positions that are held open overnight or over weekends after trading has concluded. Traders can either be debited or credited swaps depending on whether they hold a long or a short position. 

Margin requirements or calls are considered collateral, and they are fees that must be paid by the trader at the beginning of the trade. Leverage lowers these requirements significantly. However, leverage must be used wisely.

What are the Trading Fees with DbFX?

The Forex Trading Fees with DbFX are below. 

  1. Spreads: Variable spreads
  2. Rollover Fees: 0.015% of the overnight exposure
  3. Margin Call: from 1% up to 100% depending on the financial instrument being traded. The leverage offered varies from 1:50 up to 1:200.

What is the minimum deposit in DbFX?

The recommended minimum initial amount is 200 USD. 

What are the contract specifications in DbFX?

Feature DbFX
Forex Trading Yes
CFDs 300+
Forex Pairs 70+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 5+
Social Trading  Yes

Does DbFX have promotional offers?

Yes, DbFX Trade and Exchange platform has promotional offers for existing as well as new forex trading account holders. These promotional offers are as follows:

  1. Welcome Bonus – free eBook
  2. Deposit Bonus
  3. Free Risk Investment

Does DbFX have a welcome bonus?

Yes, DbFX offers a welcome bonus that gives forex traders a free forex trading eBook.

A welcome bonus is typically given in the form of either a cash bonus or trading credit. DbFX offers new forex traders who register for the first time with a free forex trading eBook to get them started.

In addition, DbFX also offers new forex trading account holders with 5 free risk investments on forex pairs. Any profit made from this initiative will be transferred to the trading account and can be withdrawn by the forex trader.

Does DbFX have a deposit bonus?

Yes, DbFX offers three different deposit bonuses between 50% up to 100%.

The deposit bonus that forex traders will receive will depend on their deposit amount. The minimum deposit that forex traders must deposit to qualify is $500, giving them a 50% deposit bonus or trading credit.

Forex traders who deposit $1,000 will get a deposit bonus of 70%, and those who deposit $5,000 will get a 100% deposit bonus, which means that they will have $5,000 in trading credit to use towards forex trading.

Is there a commission-free trade bonus in DbFX?

No, DbFX does not offer forex traders with a commission-free trade bonus.  

Is there a VIP bonus in DbFX?

No, DbFX does not offer forex traders with a VIP bonus.

Can you start trading with no money at DbFX?

No, you cannot start trading with no money at DbFX. To start trading, traders must pay a minimum deposit of $200.

How does leverage work with DbFX?

DbFX offers leverage as a useful tool that allows traders to open larger positions by lowering the margin requirement or call that is needed at the start of each trade as collateral. 

DbFX offers three different leverage levels, which depend on the status of the forex trader, whether they are a beginner forex trader or a professional.

The default leverage offered is 1:50, while beginners have access to 1:100 and professionals to 1:200.

Where are the headquarters of DbFX?

DbFX is headquartered in Port Vila, Vanuatu.

Who is DbFX’s CEO?

According to trusted sources and the official DbFX website, the CEO for the forex broker is information that cannot be disclosed to unaffiliated parties.

What are the social media accounts of DbFX?

Traders can follow DbFX on the following social media accounts:

  • Facebook
  • LinkedIn
  • Twitter
  • Instagram
  • Pinterest
  • Skype

How many employees do work for DbFX?

The official number of DbFX employees is not given by official sources. However, judging by the size of operations, DbFX has between 50 and 100 employees.

What are your opinions about DbFX?

According to testimonials on the official DbFX website, the forex broker is a reliable provider of trading opportunities. There are many accounts that reflect the investment opportunities that DbFX offers, along with the competitive trading conditions given.

What are DbFX Contests?

DbFX does not run any contests.

DbFX does not currently have any contests, and there are no announcements on the official websites that indicate whether there will be contests held in the future.

Does DbFX have online support?

Yes, DbFX offers online support to all forex traders through a live chat function which is available on the official website 24/5.

Does DbFX offer demo accounts for Forex trading?

Yes, DbFX offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Forex traders can navigate to the official DbFX website and select “Real Account” from the top toolbar.
  2. This will open an online application, and the forex trader can toggle the switch to “Demo” at the top of the form.
  3. To register, the forex trader must complete the required fields and provide their contact information such as telephone and email.
  4. A verification link will be sent to the forex trader’s email address, and they can click the embedded link to complete their registration.
  5. Once verified, the forex trader will receive the login credentials that they can use to access their DbFX demo account.

Does DbFX have a mobile app for Forex trading?

Yes, DbFX offers the Direct App for Android and iOS. 

The DbFX mobile app offers forex traders a sophisticated, user-friendly online forex trading experience. The DbFX mobile app has endless usability and provides forex traders with social charts, a secure environment, direct encryption, and more.

DbFX mobile app

Does DbFX publish an economic calendar?

No, DbFX does not publish its own economic calendar.

DbFX offers an economic calendar through the powerful MetaTrader 4 trading platform.

An economic calendar is a crucial trading tool that provides traders with the ability to view relevant economic information which is scheduled to be released. Such events could impact the financial markets and, subsequently, the trader’s trading.

What is the communication information of DbFX?

DbFX has two different contact numbers and one main business address.

DbFX can be contacted telephonically on either +44 744 832 2030 or +44 743 831 9277.

The main business address is 1276 Kumul Key, Port Villa, Vanuatu.

Alternatively, forex traders can use the online contact form to contact DbFX. This contact form can be found under the “Contact Us” section on the official website.

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