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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

DCFX

Indonesia|2-5 years|
Suspicious Regulatory License|High potential risk|

https://www.dcfx.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Indonesia 6.41
Surpassed 14.10% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

cs@dcfx.com
https://www.dcfx.com/
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
The WikiFX Score of this broker is reduced because of too many complaints!
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
6

Basic information

Registered region
Indonesia
Operating period
2-5 years
Company Name
DCFX
Abbreviation
DCFX
Company employee
--
Customer Service Email Address
cs@dcfx.com
Company website
Company 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
Keywords 3
2-5 years
Suspicious Regulatory License
High potential risk

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

08-10

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

05-30

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

01-03

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

2023-08-01

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

2023-07-26

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

2023-01-12

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

2023-01-12

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

2023-01-12

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

2023-01-11

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

2023-12-06

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

2023-12-05

中航光电-李宏谦

Hong Kong

Never try this Indonesian broker, its trading fees seems too unaffordable… making a profit on this broker, I guess, is a difficult task. 😂😂😂

Neutral

2022-11-21

IC2N

Indonesia

what we are less interesting is that we can't nicro lots and change leverage, swaps and commissions are still not satisfied

Neutral

2022-10-31

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

07-16

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

04-30

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

2023-03-02

° 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

2023-02-21

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

2023-02-03

Jalas

Indonesia

DCFX Spreadnya Low keren

Positive

2023-02-02

Irma2856

Indonesia

It's really good, the regulation is strong and everything is made simple, the spread is really thin😍

Positive

2023-02-02

41
Account Information
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Company Summary
Disclosure
News
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Official website

Website

  • dcfx.co.uk

    Server Location

    United States

    Website Domain Name

    dcfx.co.uk

    Server IP

    34.111.100.73

  • dcfx.co.id

  • dcfx.com

Company Summary

Note: DCFXs official website - https://www.dcfx.com/ is currently inaccessible normally.

DCFX Review Summary
Founded1997
Registered Country/RegionIndonesia
RegulationJFX
Market InstrumentsForex pairs, Commodities, Shares, Indices, and Cryptocurrencies
Demo Account
Leverage1:1000
EUR/USD SpreadFrom 1.2 pips (Standard account)
Trading PlatformMT5
Min Deposit$30
Customer SupportLive 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.

DCFX's homepage

Pros and Cons

ProsCons
Long history of operationUnavailable website
Regulated by Jakarta Futures Exchange (JFX)Suspicious clone licenses
Various trading choicesUnknown payment options
Demo accountsLimited contact channels
Commission-free accounts offered
MT5 support
Low minimum deposit ($30)

Is DCFX Legit?

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 CountryCurrent StatusRegulated AuthorityRegulated EntityLicense TypeLicense Number
RegulatedJakarta Futures Exchange (JFX)PT DEU CALION FUTURESRetail Forex LicenseSPAB-064/BBJ/04/04
Regulated by JFX

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 StatusSuspicious Clone
Regulated byFinancial Conduct Authority (FCA)
Licensed InstitutionDupoin UK Ltd
Licensed TypeStraight Through Processing (STP)
Licensed Number622574
Suspicious clone FCA license
Regulatory StatusSuspicious Clone
Regulated byBadan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)
Licensed InstitutionPT DUPOIN FUTURES INDONESIA d/h PT DEU CALION FUTURES d/h PT. KRESNA OPTIMUS FUTURES d/h PT. OPTIMUS GLOBAL BERJANGKA
Licensed TypeRetail Forex License
Licensed Number423/BAPPEBTI/SI/VII/2004
Suspicious clone BAPPEBTI license
Regulatory StatusSuspicious Clone
Regulated byMonetary Authority of Singapore (MAS)
Licensed InstitutionDUPOIN SINGAPORE PTE. LTD.
Licensed TypeRetail Forex License
Licensed NumberCMS101227
Suspicious clone MAS license

What Can I Trade on DCFX?

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 InstrumentsSupported
Forex
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on DCFX?

Account Type

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 TypeMin Deposit
Standard$30
Zero$3,000
Account comparison

Leverage

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.

Spread and Commission

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 TypeSpreadCommission (forex/commodities/indices)Commission (stocks/cryptos)
StandardFrom 1.2 pips0.4% per lot
ZeroFrom 0 pips$7 per lot

Trading Platform

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 PlatformSupportedAvailable DevicesSuitable for
DCFX Mobile AppMobile/
MT5WebExperienced traders
MT4/Beginners
MT5

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • High potential risk

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