Located in one of the financial capitals of the world, London, DF Markets is an online home of Delta Financial Markets Ltd. A noted Forex broker, this company has been operational since 2010 and is fully regulated by the UK’s Financial Conduct Authority. As part of the site’s ongoing commitment to customer protection and safety its accounts are fully protected by the Financial Services Compensation Scheme (FSCS).
This membership to the FSCS means that traders can rest assured that their money is secure at all times. Indeed, aside from having all client funds stored in separate accounts, DF Markets is able to guarantee compensation up to £50,000 for each member if the company becomes insolvent.
As one of the UK’s fastest growing FX brokers DF Markets has produced its own trading platform known as DFTrader. Available in desktop, web and mobile form, the software is offered alongside MetaTrader 4 as an alternative gateway to the currency exchange market.
DFMarkets.co.uk’s Special FX:
It’s very rare that a financial institution of any description will give away something for nothing, but DF Markets has moved to buck that trend with its Trading Masters contest. Just one of many free-to-enter promotions the site runs, the competition is carries a €1,000 prizepool and is open to all demo account members.
Indeed, while it’s not technically possible to make any money whilst sampling the 60 day practice accounts, the contest allows novice traders to earn one of three prizes each month: €500, €300 or €100 for being the top performers.
To help beginners achieve solid results with their demo accounts DF Markets provides a comprehensive education section with a number of handy resources. Comprised of both written articles and videos, the material on offer ranges from the general to the specific and is designed to furnish new users with a solid knowledge base.
DF Markets offers a range of trading options, but for those wishing to simply trade currency the site’s Standard FX Account is available. With the option to use either MetaTrader 4 or DFTrader, the Standard Account has the following conditions:
Minimum account size = $1
Minimum position size = 0.01 lot
Variable spreads typically from 1 pip on major currency pairs (minimum spread is 0.1 pips)
Scalping and Expert Advisors are allowed
Leverage = 1:200
Digits quoted after the comma = 5
Margin call level = 99%
Stop-out level = 65%
Minimum distance to stop orders = 2 pips
Number of currency pairs available = 77
In addition to the above conditions, the following features are available: Hedging, overnight interest rates (swaps), pending orders, One-Cancels-Other (OCO) orders, trailing stops and trading via API.