Score
Indonesia
|
2-5 years
| https://www.dcfx.com/
Website
Rating Index
Influence
D
Influence index NO.1
Argentina 2.63 Indonesia
dcfx.co.uk
dcfx.co.id dcfx.com
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Note: DCFXs official website - https://www.dcfx.com/ is currently inaccessible normally.
| DCFX Review Summary | |
| Founded | 1997 |
| Registered Country/Region | Indonesia |
| Regulation | JFX |
| Market Instruments | Forex pairs, Commodities, Shares, Indices, and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | 1:1000 |
| EUR/USD Spread | From 1.2 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $30 |
| Customer Support | Live chat |
| Email: cs@dcfx.com | |
| Facebook and YouTube | |
| Physical address: Noble House, Level 38, Unit 38.01, Mega Kuningan No. 2, Jl. Dr. Ide Anak Agung Gde Agung Kav. E 4.2, Kuningan Timur, Setiabudi, Jakarta Selatan, DKI Jakarta - 12950 | |
DCFX is a financial broker registered in Indonesia in 1997. It offers access to a wide range of products, including Forex pairs, Commodities, Shares, Indices, and Cryptocurrencies. It has a minimum deposit requirement of $30, with leverage capped at 1:1000. Additionally, DCFX holds a regulated license from JFX (Indonesia) and possesses three cloned licenses from other regulatory bodies.
| Pros | Cons |
| Long history of operation | Unavailable website |
| Regulated by Jakarta Futures Exchange (JFX) | Suspicious clone licenses |
| Various trading choices | Unknown payment options |
| Demo accounts | Limited contact channels |
| Commission-free accounts offered | |
| MT5 support | |
| Low minimum deposit ($30) |
DCFX claims to hold four regulatory licenses. However, upon investigation, we found that only one of these licenses is legal and official, while the other three are suspicious clones of other legitimate companies' licenses.
The legitimate license issued by the Jakarta Futures Exchange (JFX) is a retail forex license with the license number SPAB-064/BBJ/04/04.
| Regulated Country | Current Status | Regulated Authority | Regulated Entity | License Type | License Number |
 | Regulated | Jakarta Futures Exchange (JFX) | PT DEU CALION FUTURES | Retail Forex License | SPAB-064/BBJ/04/04 |
The other three licenses are all cloned from other companies: the Straight Through Processing (STP) license issued by the Financial Conduct Authority is cloned from Dupoin UK Ltd., the Retail Forex License issued by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan is cloned from PT DUPOIN FUTURES INDONESIA, and the last license from the Monetary Authority of Singapore is cloned from DUPOIN SINGAPORE PTE. LTD.
In conclusion, the regulatory status of DCFX is quite suspicious, and caution should be exercised.
| Regulatory Status | Suspicious Clone |
| Regulated by | Financial Conduct Authority (FCA) |
| Licensed Institution | Dupoin UK Ltd |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | 622574 |
| Regulatory Status | Suspicious Clone |
| Regulated by | Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) |
| Licensed Institution | PT DUPOIN FUTURES INDONESIA d/h PT DEU CALION FUTURES d/h PT. KRESNA OPTIMUS FUTURES d/h PT. OPTIMUS GLOBAL BERJANGKA |
| Licensed Type | Retail Forex License |
| Licensed Number | 423/BAPPEBTI/SI/VII/2004 |
| Regulatory Status | Suspicious Clone |
| Regulated by | Monetary Authority of Singapore (MAS) |
| Licensed Institution | DUPOIN SINGAPORE PTE. LTD. |
| Licensed Type | Retail Forex License |
| Licensed Number | CMS101227 |
DCFX offers various types of tradable instruments, including stocks, indices, forex, commodities, and cryptocurrencies. DCFX provides opportunities to trade over 25 major and minor currency pairs, commodities like gold and silver, international stocks such as Facebook, Amazon, and Apple, as well as CFDs on Bitcoin, Ethereum, and other leading cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
There are two real trading accounts offered by DCFX, namely Standard and Zero accounts. To open a Standard account, you need to fund at least $30. While traders who want to try Zero accounts need to fund at least $3,000. The broker also offers demo accounts.
| Account Type | Min Deposit |
| Standard | $30 |
| Zero | $3,000 |
The leverage offered by DCFX is limited to a maximum of 1:1000 for both account types, which is considered quite high and poses a significant risk to you. Many countries have already banned such high levels of leverage due to the associated risks.
Spreads are influenced by what type of accounts traders are holding. The Standard account offers spreads from 1.2 pips, with no commissions charged on forex, commodities, and indices, 0.4% per lot on stocks and cryptos trading. The Zero Accounts provides raw spread from 0 pips on forex, with a commission of $7 per lot on forex and commodities, indices, and 0.4% per lot on stock and cryptos trading.
| Account Type | Spread | Commission (forex/commodities/indices) | Commission (stocks/cryptos) |
| Standard | From 1.2 pips | ❌ | 0.4% per lot |
| Zero | From 0 pips | $7 per lot |
When it comes to trading platforms available, DCFX gives traders two choices: DCFX Mobile App and MetaTrader5. The MT5 is known as the most successful, efficient, and competent forex trading software, offering automated trading through the use of Expert Advisors and a selection of order types, allowing traders to execute trades on different financial markets through a single account and there is a hedging option. While with the mobile app, trading can be done on the go through the right terminals.
| Trading Platform | Supported | Available Devices | Suitable for |
| DCFX Mobile App | ✔ | Mobile | / |
| MT5 | ✔ | Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
The prediction for gold today hasn't seen significant changes yet, perhaps it will be observed in the afternoon or evening, as it seems to be awaiting news releases or updates related to the USD.
The prediction for this week is that Gold is likely to continue its upward trend. This is due to the influence of lower interest rates, which reduce the opportunity cost of buying gold with zero yield.
Let's look at the market review for 18th September.
This week, increased attention was placed on the data emerging from Australia and China, contributing to the advancements experienced by Asian shares.
Asian stocks tumbled as bank stocks retreated on Wall Street.
Asian stocks rose as Wall Street snapped a three-day losing streak.
DCFX hasn’t provided a clear withdrawal processing time. Based on my experience with other brokers, I would recommend checking with their support team for specific withdrawal times as it can vary depending on the payment method.
DCFX offers two platforms: the DCFX Mobile App and MetaTrader 5 (MT5). As an experienced trader, I prefer MT5 for its powerful features such as Expert Advisors and automated trading. The mobile app is convenient for trading on the go but offers fewer features than MT5.
DCFX is regulated by the Jakarta Futures Exchange (JFX) in Indonesia, with a valid retail forex license. However, the broker also claims licenses from BAPPEBTI, MAS, and FCA, which appear to be cloned and unverified. I recommend proceeding with caution due to the questionable status of these additional licenses.
DCFX offers a leverage of up to 1:1000, which is quite high. While it can be attractive, the risk is also substantial. Many countries have restricted such high leverage due to the potential for significant losses. Personally, I would suggest using lower leverage to minimize risk.
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kaya makmur
Indonesia
July 5, 2024. 19.30 WIB, the spread widened to swallow 34% of the $1000 balance. even though it had been set to SL148$. now in Indonesia it has become a dupoin ID. be careful during NFP and other news.
Exposure
christopher c
Hong Kong
I opened DCFX. In 2023, it's with an account balance of $104,005. I tried to withdraw $60,000 last July but was unsuccessful. They claimed they had financial difficulties and asked me to wait until April 2024. They only gave me $30,000 and closed my account and never responded again. This is a total scam broker.
Exposure
attack
Indonesia
Unfair and detrimental, in the WTI/oil market. on December 29, 2023 at 14:49 The market stopped at 71.95. Even though the market in other places closed at 04.00 with a price of 71.21. Even though in the email from DCFX and in the application it was announced that WTI would close trading on December 30 Close 02:45.On January 2, 2024, at 01.00 the market suddenly opened and the price jumped briefly, opening at 71.68 and rising quickly to 72.16
Exposure
Xray
Hong Kong
DCFX is great for traders with a diverse portfolio! They offer a wide range of tradable assets, making it easy to diversify your investments. Plus, their customer support is top-notch and always ready to help with any questions or concerns.
Positive
KeaH
New Zealand
Happy with this broker for two years running. Solid, swift service without unnecessary frills. Though lacking advanced offerings like MT4 or PAMM, their MT5 platform is a perfect match for my trading needs and EA. Here for the long haul!
Positive
Prunella Willoughby
Argentina
DCFX offers a diverse range of tradable instruments, including forex, commodities, indices, stocks, and cryptocurrencies. The broker provides two account types – Standard and Zero – catering to different trading preferences. Educational resources such as an economic calendar and a YouTube channel enhance the trading experience. The copy trading feature adds convenience.
Neutral
Drucilla Van Buren
Argentina
DCFX's got issues, man. No info on deposit and withdrawal methods – that's a red flag. And that 1:1000 leverage? That's just asking for trouble, especially for new traders. Plus, no details on regulations in Indonesia? Shady. The website's not transparent about the company's background – too many unknowns. Traders need to be careful dealing with these guys.
Neutral
Hung Wai Tung
Hong Kong
I tried to make a withdrawal of $60000 on 28 June from my DCFX account and my withdrawal still pending and never arrived. A legit broker will never take that long to process a withdrawal. It is a scammer.
Exposure
christopher c
Hong Kong
I got an account on DCFX No. 512472 and I tried to withdraw my profit on July the 17th and today is July 26th my withdrawal can’t be processed and I can’t get a single dollar of my withdrawal and I heard many of customers have the same problem it is possible that the company has ran out of money or simply did not want to give my profit back to me. it is not safe to trade with this broker
Exposure
FX7218461820
Indonesia
I've been using this broker for a long time, so there's nothing to doubt, I like using this broker in my opinion it's cheap, and yesterday I got the forex awards, congrats.
Positive
° 生性凉薄
United Kingdom
It is an excellent choice of broker, it is regulated and the customer service is premium. An excellent option for professional trading and investing. Just give yourself a chance and try it!
Positive
salahudin
Indonesia
DCFX is the best local broker, low commission cash of only $1/lot and lots of event programs to increase our trading power. Come on, get a cashback of IDR 300,000 when you use the referral code https://q.dcfx.co.id/wjwtoEq84.
Positive
shara
Vietnam
DCFX scam guys. These guys are aggressive PR scams to lure people. it only allows to deposit until withdrawing money, they will use the trick to delete the account. On support, they said no answer. Please avoid this DCFX platform. It has a team. These guys opened the platform to scam the team that specializes in approaching customers and then lured money into the platform, after loading it, it locked the account and couldn't withdraw money.
Exposure
khả hân
Vietnam
The scam platform does not allow withdrawals. DCFX allows deposits but does not allow withdrawals. Place a withdrawal order, confirm the withdrawal order, then fake a transfer bill to send to the customer. Consultants curse at customers and irresponsible responsibility. Warning, anyone who wants to invest in this DCFX should stop urgently, the signs of the scam are very obvious. A scam organization lures customers to deposit $ and then does not allow withdrawal. support is very irresponsible. fake vouchers and money transfer bills to customers. If the customer goes to the bank to check, there is no such money transfer order. cheat you. We have full proof of the DCFX scam, so stay away. Look at the photoshop cc order, I took it to the bank to check and the bank said this ck order doesn't exist. The DCFX scams
Exposure
Hobac
Vietnam
The exchange has scammed by faking the transfer bill and informed the customer that the money has been transferred for the withdrawal order of the DCFX exchange
Exposure
Hobac
Vietnam
Platform DCFX scam. I traded for the first time at DCFX and withdraw money but get scammed. Contact support and they said that they have successfully transferred and sent me the transfer bill, but i checked the reference number at the bank, it is not correct. Actually, the transfer bill is a PS. You should be careful not to create a trading platform account DCFX please.
Exposure
犄角
Venezuela
There is nothing to say about the minimum deposit, margin, leverage and trading platform, all of which are industry leading. This is why I have been able to trade with this platform for almost a year and recommend it to my friends.
Positive