20
Reviews
Put in a withdrawal request on a Saturday and had my funds processed within 3 hours. I was not expecting weekend processing at all so this was a pleasant surprise. No documentation required either which made the whole thing very hassle free. Defcofx keeps things simple when it comes to moving your money around.
Can't say much about the platform they offer, it's good for the job and never fails the customer. Accounts are better than I expected, and making the difference in lot restrictions is kinda smart I think, no? all in all it's anice broker, it needs more options to deposit, let it be crypto, but in more coins like usdt usdc and networks and all that.
There’s something fishy about this broker especially when using EAs. The swap fees, entry and exit slippage and spread are ridiculous. I have a live MT5 account that I’ve been monitoring closely for the last 3mo and most trades seem to hit SL even when they weren’t supposed to. The one issue that has me doubting the legitimacy of this broker completely was when I logged in on a Sunday to find 3 after market trades from Friday, two large losses and one puny little win. Now I’m timezone EST and the market closes at 5pm Friday which is 17:00 how the hell are 3 trades being processed at 21:00?? I checked the EA right before close Friday and it had no active trades
Love having the 1:2000 leverage. But most importantly, was the withdrawal speed for me. You can trade with a thousand brokers, but how many of them are going to pay you out in a timely manner.
Tight spreads, great customer service and withdrawal done in under 2hrs. I personally couldn't ask for more.
As a beginner one of the first things I look out for from the platform would always be; - the ability to easily navigate -Simple to use tools -Fast withdrawals And I get that here.
This is genuinely a thing for me and has made me to trust the platform literally like a blind man, lol 😆
The broker is quite affordable. One thing, why only they use crypto for payments:-&
DefcoFX is a top tier broker. Their server speeds and execution timing is the best a trader can ask for. On top of being on MT5. Highly impressed with how well their BTC deposit/withdraw system works, very fast withdraw! And I always get to an agent if I need one. 5/5
I've been with Defcofx for about 8 months now and honesty it’s been great. The spreads are super low and withdrawls are fast. Highly recomend for starting out or even pros.
OMG What an amazing broker I found after such a long time. I was genuinely surprised to see that they processed my withdrawal within just 5 minutes. Where else can you find a broker like this? Salute to Defcofx!
I've only been with this guy for less than a day and I've been trading FX for over 30 years. Here are assessments: 1. Transfer crypto in and out is very easy and very fast. 2. Customer service is very responsive, but very rash. When you tell them there is a problem, they pretty much tell you straight up, it's the way it is or leave. 3. SPREAD problem: The spread that you see on the screen is NOT the TRUE spread. I use EA to close orders out because I have a lot, and the EA was designed to close only positive orders with certain amount. However, when it's executed (even though, it's showing that I am gaining) it's filled at some ridiculously spread, which result in a loss after the orders are closed. THEIR explanation is SLIPPAGE. I can understand if the spread was widened as shown on screen, but in these cases, the spreads were shown tight, normal and the account was showing positive gain. When the orders were closed, the orders were filled at some random spreads that were beyond the day all-time high. They flat out told me that is their business model (as described on their website) and if "I don't like it, I can go back to wherever I came from, sir" that's their exact word when I told them I've never experienced this type of close out and the closing price is not anywhere close to the price shown on screen. CHECK YOUR CLOSED OUT ORDER PRICES!!!!!! Ps: Demo account works flawlessly, but not real account. Reply to their comments below: Answer this question, how can you have slippage at the price that is way beyond the daily high? The price you closed me out is not even printed for the day. That is not slippage, that is some kinda price made up! I understand there is latency when the price submitted vs. when it's executed, but that price must be within what's shown on the screen, NOT completely off the screen!
I used to be so lost in charts and indicators, but Defcofx's educational materials changed everything! 💡 Particularly, their daily technical analysis was instrumental in my recent improvement in trading. They served me as a proper example of how to conduct tech analysis and also as an excellent tool for trading ideas.
Terrific mt 5 app is clear with the possibility of keeping multiple charts open🙌
I usually use swing–positional strategies and I really appreciate that Defcofx doesn’t charge high swap commissions for overnight positions... Sometimes the platform may lag but it’s not a big deal.
I couldn’t understand how to use daily technical analysis properly but after reading the guide of using it, I understood all the nuances. It helps me to identify market conditions. （￣︶￣）↗
Daily analysis of fx pairs with the breakdown by 10 time period is dope… let me approve this!
Defcofx, I think is great for begines… platform stands out for: - Its overal simplicity - low entry requirements - incredible educational resources
Fyi, leverage on crypto is 1:10 here and I like it cuz I can’t control my greediness sometimes. 😭😭
Nice broker with many crypto assets. It was easy trade on bitcoin , closing 20% of profit…