dffxmarkets.com is a CFD broker whose official website domain was registered on July 3, 2024. It specializes in providing trading services for financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies. The platform primarily targets retail and institutional clients, offering online trading services for a variety of financial products. It does not provide services in regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to information publicly available on dffxmarkets.com's official website, this broker claims to be among the top 50 financial services companies in the UK and operates under the brand name "DFFX." The company’s address is 286 Euston Rd., London. However, the company does not disclose its full official name, business registration number, or corresponding regulatory license number on its website. Additionally, detailed terms of service or other relevant legal documents are not available on the site.
Upon investigation, there are no records of any company named "DFFX" in the UK Companies House. Furthermore, the UK Financial Conduct Authority (FCA) also has no regulatory information regarding this company. The design and content of dffxmarkets.com's website closely resemble those of several known scam broker websites, such as moneynetint.pro, Lenmax, and ATF Trade Limited, all of which use the same template design.
Trading Products and Services
dffxmarkets.com offers trading in various financial derivatives, including but not limited to:
- Forex: The platform provides trading services for several major forex currency pairs, such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals: Offers spot trading of precious metals, including gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Provides trading services for US Oil (UsOIL).
- Indices: Tradeable indices include the Nikkei 225 (N225), DAX 30 (GER30), and S&P 500 (US500).
- Cryptocurrencies: Offers trading of various cryptocurrency pairs, such as Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), and others.
Account Opening Process
If users wish to open a trading account on dffxmarkets.com, they can follow these steps:
- Visit the official website and click on the "Register" button at the top right to go to the registration page.
- Fill in your personal email address and set a login password. After submitting the account application form, the registration process is completed.
- Once the registration is successful, users must complete KYC verification before they can deposit funds and start trading.
Trading Account Information
On its official website, dffxmarkets.com only discloses partial account information, such as spreads, trading leverage, and contract sizes. However, vital trading information such as account types, trading commissions, minimum/maximum trading volume, maximum positions/orders, margin call/stop-out levels, and minimum price increment are not clearly listed.
- Base Currency: USD
- Spreads: Floating spreads starting from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 units of currency
Trading Platform
The broker claims to offer a trading platform named ST5 for its users, which supports both desktop and mobile operations. It is said to include over 50 technical indicators and intraday analysis tools, catering to advanced traders. However, in reality, the design and functionalities of the ST5 platform are overly simplistic and are predominantly used by scam brokers, significantly undermining its credibility.
Deposits and Withdrawals
dffxmarkets.com does not clearly list the supported deposit and withdrawal methods, related fees, or minimum deposit/withdrawal amounts on its website.
Summary and Recommendations
Traderknows reminds investors that dffxmarkets.com is a scam broker website without an actual company entity and lacks any regulatory oversight. The platform has very low information transparency, and its contact is limited to email, lacking other reliable communication channels. Therefore, investors are advised to choose brokers with transparent information, regulation by authoritative bodies, and a good reputation to avoid potential financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
