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Regulated: Regulated by the FCA
Min Deposit: £10
Min Trade Amount: 0.01 Lots
US Clients:
Bonus: Demo Trading Contests and Prizes
Free Demo Account:
Trading Platform: MT4, MT4 Mobile, DF Trader, FDF Web Trader, DF Mobile
Payment METHOD NAME Charge Time

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Full Review

About DF Markets

DF Markets is a forex and CFD brokerage brand which is owned by Delta Financial Markets Ltd. The company is located in Canary Wharf, London. The company is regulated by the Financial Conduct Authority (FCA register number 534027). The protection of client funds is provided by the Financial Services Compensation Scheme (FSCS).

 

Special Offers and Bonuses

Traders who use DF Markets can expect to get the following bonuses:

a)    Refer-a-Friend program, in which traders with live accounts that contain at least £50 above or below their initial deposit, can invite friends and receive a cash bonus of £50 for each of these friends that deposit at least £300 and perform 5 non-equity trades on their account. You can refer a maximum of 10 friends.

b)    There is a demo trading contest where each month, DF Markets gives away €600 in prizes, which will be distributed among the top 3 participants with the highest balance in their demo accounts in the ratio of 3:2:1.

 

Types of Trading Accounts

What account types are available on DF Markets? Account types can be broadly classified into four types:

a)    Mini: This account type comes with a minimum deposit of $50 and a maximum of $749. Maximum trade size is 0.02 lots and maximum leverage is set at 300:1.

b)    Standard: Minimum deposit is $750 and maximum deposit is $2499. Leverage is set at $300 Minimum trade size is set at 0.1 lots.

c)     Premium: The premium account is for those who can deposit above $2,500, but below $5,000. The minimum trade size is 1 standard lot. Leverage is also set at 300:1.

d)    The Pro Account: The Pro account has a minimum deposit of $5,000, with a minimum lot size of 0.1 lots. Leverage is set at 200:1. This is an ECN account which attracts commissions. The exact commission payable is only revealed to active traders by their account officers.

For all account types, the use of hedging and scalping strategies is allowed. EAs can also be used.

 

Trading Platform Features

DF Markets traders can choose to trade on any of these platforms:

a)    MetaTrader4: DF Markets offers its clients the chance to trade forex on the enhanced MetaTrader 4 terminal.

b)    MT4 Mobile: The MT4 from DF Markets is also available as a downloadable app from the respective app stores.

c)     DF Trader: This is the in-house downloadable proprietary platform from the stable of DF Markets, allowing access to more than 1,100 forex and CFD markets. This platform also has a Level II component which can be used for ECN trading.

d)    DF WebTrader: This is the web-based version of the DF Trader platform.

e)    DF Mobile: This is the mobile version of the DF Trader which can be used on all smartphone brands.

 

Commissions and Spreads

The commissions and spreads that are obtainable on DF Markets are spelt out below in this snapshot. We can see that the information differs from one account type to another.

Symbol Bid Ask Spread
EUR/USD 1.33925 1.33945 2
USD/JPY 102.83 102.85 2
GBP/USD 1.69089 1.69119 3
USD/CHF 0.90867 0.90897 3
USD/CAD 1.08968 1.08998 3
AUD/USD 0.93282 0.93302 2
NZD/USD 0.84851 0.84881 3
USD/BGN 1.46003 1.46053 5
EUR/RON 4.395 4.405 10
USD/TRY 2.13662 2.13862 20
XAGUSD 20.592 20.632 40
XAUUSD 1297.17 1297.77 60

Charting Packages

Charts on DF Markets are available on the respective platforms.

 

Education and Demo Accounts

DF Markets has some great educational material on their website. These are as follows:

a)    There is a comprehensive training tutorial which is also available in video format, teaching traders how to use all the trading platforms that are available on DF Markets.

b)    Video tutorials on how to trade forex: the basics.

c)     Video tutorials on technical and fundamental analysis.

Traders can get access to demo account on all platforms which are free and unlimited.

 

Customer Service

DF Markets customer support is available using the following means of communication:

  • Physical Address: 5 Harbour Exchange Square, London E14 9GE, United Kingdom UK
  • Phone: +44 (0) 20 7517 6222 and +44 (0) 20 7517 6226
  • Email: [email protected]
  • Online contact form
  • Live chat

 

Deposits and Withdrawals

Deposits can be made on DF Markets as follows:

a)    Bank Cards: UK bank cards, VISA and MasterCard are methods of conducting credit/debit transactions.

b)    Bank wires are also used for depositing and withdrawing funds.

Deposit Limits

The minimum deposit requirement only extends to card transactions, where the minimum deposit is $10. There are no maximum deposit limits. Funds paid by credit/debit cards are NOT instantly credited to your trading account because cards details must be verified. Verification is done by submitting a recent statement or a copy of the front of the card to confirm ownership of the card used, along with the cardholder’s name, as well as the last four (4) digits of the card. The name on the credit/debit card must match the name on the trading account.

Card deposits attract fees of 2% of deposit amount.

Withdrawal Limits

The minimum withdrawal limits are restricted to the amount that was deposited using a particular transaction method. Credit Cards withdrawal fees are £0.45 per transaction. In the case where a client has deposited funds through a credit or debit card and also through another payment method, the withdrawal of funds back to the credit or debit card will be made first.

For bank transfer, the minimum amount for international bank transfer withdrawals is £50, in the case whereby the trader’s bank is different from the DF Markets bank (Barclays bank). Withdrawals of funds by bank wire within the UK do not attract any fees.

 

Conclusion

DF Markets caters for all types of traders with their multiple account types, trading platforms and trade conditions. The company has to be lauded for taking time to make sure that as many traders cut across different demographics as possible, are covered with the forex product offering.