Last update: 6 October 2020
5 min read
Non-recommended broker
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DF Markets review

6 October 2020

This broker was not featured in our 2024 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

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DF Markets is not one of the standard Forex brokers that you would expect to find in the markets, as the company is registered as a spread betting and CFD broker under the FCA regulatory authority in the UK. Therefore, DF Markets can only be considered as a firm that offers Forex trading services under the Spread Betting license. One of the primary advantages of choosing a spread betting broker is the zero tax benefit enjoyed by residents of the UK, where all types of spread betting are free from any form of capital tax or stamp duty. However, traders from other parts of the world may be subjected to taxation from their respective countries, and some nations such as the US have banned spread betting altogether.
But being a spread betting broker does not limit the company’s ability to offer one of the best Forex trading services in the industry. DF Markets excels in customer service, and they take it upon themselves to continually improve their services portfolio and minimize all instances of trader abuse or financial malpractices.

Bonus

Trading Contest

Regulation

FCA

Mobile

Yes

Instruments

Forex, Futures, Metals, Shares

Website

www.dfmarkets.co.uk
Not Verified

DF Markets Regulation & Protection Of Client Funds

DF Markets is regulated by the FCA under the name of Delta Financial Markets Ltd, which has its central office in London. The company was founded in 2010, and has evolved into one of the most trusted FX brokers. FCA is a proper regulatory authority that oversees the activities of all financial firms operating in the UK, which offers a great sense of security and trust while dealing with FCA regulated brokers. FCA also regularly audits all member companies, which ensures that brokers cannot indulge in any financial malpractices, and are required to keep all client funds in segregated bank accounts.
The main issue with choosing a broker is the lack of information about the company’s financial and its viability in the market. Countless brokers had failed for bankruptcy or had to face issues such as insolvency or liquidation, which puts the traders at risk. However, FCA DF Markets regulation stipulates that all clients should be protected under the FSCS scheme, which offers insurance to traders up to £50,000 in the case of a broker default. Thus, investors trading with DF Markets can be confident that their funds will be safe and secure with a reliable broker.

The Maximum DF Markets Leverage, Spreads, Assets, & Other Trading Conditions

dfmarkets homeDF Markets offers only a single type of account that can be used for both spread betting as well as CFD trading. Forex trading is also considered as a kind of spread betting. Therefore, the global account will provide access to multiple financial assets that include Forex, Gold, Silver, Futures, indices, shares, and other ETFs. Traders can open an account with a small initial deposit of just $1, which makes it well-suited for micro account traders. However, it is surprising to note that the broker only offers a maximum DF Markets leverage of 1:200, which makes it difficult to open a trade using a small capital of just $1. Trading on margin is highly risky, and while the lower leverage is great for reducing risk, it is close to impossible to open a significant position using a small initial deposit. In that case, traders will be required to make a sizeable deposit to enter the markets. The broker supports only two types of payments, by using credit cards or through bank transfers. The lack of any online payment option is certainly a negative aspect of the broker.
DF Markets spreads are variable, with the lowest quoted spread being 0.8 pips for the EUR/USD pair. Realistically, traders should expect an average spread of around 2 pips, which is not cheap, but not hugely expensive either. Being a market maker model, the broker does not offer any ECN account, which is once again a huge disadvantage for large traders and institutional clients. The broker does offer VIP account privileges, but the trader will have to consult with the company representatives to know more about individualized options.

Downloading The DF Markets Platform & Mobile Trading

dfmarkets marketsDF Markets used to offer MT4 terminal as the primary trading interface for their traders until the recent past, but they have recently switched to their branded DF Markets trading platform that is designed and built by the company’s team of in-house developers. Known as the DFTrader, the DF Markets platform is available for desktop, the web, and mobile trading. The DFTrader is similar in design and concept to most of the other proprietary trading platforms, and users are provided access to more than 80 different indicators and tools as part of the charting software. The interface also displays live news feeds and offer a convenient trading environment that is graphically superior to the MT4 platform. The DFTrader for both desktop as well as the web have received a tremendously positive response from traders and is an excellent platform for trading the markets with limited slippage and re-quotes.
DF Markets mobile trading is performed through a dedicated DF Mobile app, which is not only available for the iOS and Android devices but is also made available for Windows Mobile. DF Markets has indeed considered the full range of mobile users by designing their apps for all types of users, and you can even trade using the Chrome extension or the DF Trader web interface if you do not wish to install any software on your smartphone or tablet.

Should We Trust A Spread Betting Broker?

DF Markets is more than a spread betting broker, as they have all the makings of a genuine and reliable company that is dedicated to top-notch customer satisfaction. FCA regulation also adds another layer of security and trust, which should be one of the primary considerations before choosing a broker for FX Trading. There are a few operational drawbacks for DF Markets, but overall, they are indeed one of the few high-quality Forex brokers that can guarantee an honest service.
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