Defcofx
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"good pick.."
What do you like best about Defcofx?
like the asset selection - big and diverse enough
What would you improve about Defcofx?
would be nice of them if they added mt4 - for true oldschool guys
Overall
Trading on a daily basis. They're not perfect but deliver what's needed for a regular trader - speed and security.
"Disappear during spikes"
What do you like best about Defcofx?
Tbh, I’ve seen spreads tighter, and also disappear during spikes. That’s how brokers captivate clients, but Defcofx managed to offer consistent spreads, without widening too much like the Red Sea. I learned that marketing doesn’t make pips, stability does.
What would you improve about Defcofx?
Creating their own mobile app would be handy, I feel tired of trading on the MT5 with outdated interface, if you know what I mean, charts, indicators, all looks basic.
Overall
Even though I joined less than a year ago, I already feel like I’ve been trading here for 5 years. They’ve never delivered any troubles during trading, withdrawals, and customer service was always online to assist me in any situation.
"General experience"
What do you like best about Defcofx?
I don’t see any problems of using crypto payments, it’s even faster to transfer money like this than using tradtional methods. People are being weird to complian abotu the absence of banking methods.
What would you improve about Defcofx?
I want to see something new in trading accounts, maybe adding a new one with a free swap policy would be a good idea.
Overall
I’ve been here for over 1,5 years and since then I haven’t had and heavy troubles, still they have enough things where they should been improved.
"Big news hits"
What do you like best about Defcofx?
Good lev here, even for btc and stocks.
Top tier liquidity so far, even on 10/10 huge crypto crush, no coins were wicked beyond what they were on TV. I consider that a very solid sign, and this actually protected me from larger losses, have to give my thanks to the broekr here.
Very nice spreads.
What would you improve about Defcofx?
No tools except for mt5, no real extra support with anything, and pretty high min depo for gold account, which is the better one to get for sure.
Overall
I have both accounts, and both are great. 2nd one got just recently, because required a lot of money, but it is worth it for trading long-term imo. I only log in when I see that some news hit, like 10/10 and probably 31/10 will be the same with China. For tat this broker works well for me atm.
"I use the silver account"
What do you like best about Defcofx?
It has a good reputation and low entry threshold. Also, solid analytics are provided on the platform
What would you improve about Defcofx?
Only MT5 is available for trading. This is good trading app but some might like having more options to choose from
Overall
I have traded with defcofx for a very long time, and since the beginning I have used their silver account. The min depo required for that was only $50 which is fair and good for new traders who want to gain experience but don’t have yet the confidence to deposit like $1k or so. I remember the analytics were really useful at the beginning, I learned a lot from them to see how proper tech analysis is conducted :)
"Haven’t tested their crypto payments yet"
What do you like best about Defcofx?
Trading conditions, market insights they send by email, customer support service. For a real built trading environment with lower than industry average trading costs
What would you improve about Defcofx?
Platform’s selection I’d say. Not everybody likes MT5, at least they could offer its older version for the sake of variety.
Overall
So far the broker looks all good. For intraday trading with not peculiar assets, yeah decent choice. Final touch is testing deposits and withdrawals. It’s fully crypto based. Let’s see whether it’s good or bad…
"Three weeks testing the platform"
What do you like best about Defcofx?
This might sounds crazy, but the 2000x leverage is exactly what I was looking for... I have a special gold trading strategy that uses setups with a very high risk/reward ratio, which makes it very attractive for scaling small accounts with big leverage. Not too useful for whales though, so I guess this is the reason it still works and is not overasutared.
What would you improve about Defcofx?
24 / 5 support might not sound too bad, and in most cases, it isn't. But it's still not available two days a week and you never know what can happen during those days, you know. So i think they should improve this one
Overall
Funded
my account through ethereum and it's as simple as making a transfer from my wallet. KYC policy is also not too bad, which feels like a breath of fresh air, honestly
"Gold trading account"
What do you like best about Defcofx?
I liked a gold trading account, it has zero commissions and tight spreads from 0,5 pips. Even though the threshold of minimum deposit might seem too high for other traders, I think it’s pretty affordable, $1000 is more than enough and allows me to not overexceed my risk management and use high leverage.
Btw, depositing funds via USDT was smooth, I just transferred my USDT from TrustWallet. The same works for withdrawals, transactions are fast and without delays.
What would you improve about Defcofx?
Yeah, spreads are tight as I mentioned before, but it doesn’t work the same for cryptocurrencies. I think they somehow gotta fix that to make spreads tighter than usual because ya know it’s not okayish to trade with wide spreads, especially in the crypto market.
Overall
So far I’m trading Bitcoin and Ethereum, both assets are the main beneficiaries of Trump’s politics. Recently they passed global crypto laws like GENIUS, ACT, and CLARITY. So I’m VERY BULLISH and get ready for bull run in September and October!
"Let's break it down"
What do you like best about Defcofx?
After trading here, I realized something. If you put crypto payments and bank payments side by side, crypto almost always comes out on top. Speed, cost, security, etc etc.
There is just no point in using banks for transactions anymore smh....
What would you improve about Defcofx?
Defcofx have to up their support game, man. 24/7 is basicaly the standard now, so when I had to wait unilt monday to get a response I was a bit disappointed.
Overall
Trading here has its persk. Like competitive pricing(no swaps + low spreads), and as I said already, crypto payments are a like a cherry on top
"It is easy to use"
What do you like best about Defcofx?
It’s really simple to use and understand with no complex tools or processes.
What would you improve about Defcofx?
The website interface and customer service needs improvement
Overall
It’s not bad and it provides the services I need… the experience so far is positive.
"Will be a top broker in no time"
What do you like best about Defcofx?
In terms of trading, they are doing a lot of good stuff 'under the hood'. The zero commissions, including swaps, is just alone enough to put it in top10 broekrs imo. But also they dont have mt4, they have mt5, right from the get go. They are great for cross-pairs, low commissions. They are actually located near London with their service (mby inside it, the datacenter, not sure, but the speed of execution on the EU trade session is just instant). The daily technical analysis also top tier.
What would you improve about Defcofx?
I guess if you hate mt5 for whatever reason, you might not like defcofx. Also account type variety is not there (but both are so good, idk why would you need more, but I'm just reaching here).
Overall
I would give it 5 in all regards, I think if they keep going like they are doing right now, they will be a top-5 contender in no time here. Best of all, they're not greedy about it, and don't try to levy taxes on this or that, or small fee there etc etc. Even the analysis they give, its all for free, I think even demo acc users can access it.
"Low-cost, works well"
What do you like best about Defcofx?
- Nice execution speed
- Withdrawals work like a swiss clock, I have not had to wait for any confirmations
- Good spreads on gold and silver
What would you improve about Defcofx?
Is it possible for them to add cTrader as well? I’ve tried it before and really enjoyed it
Overall
If I had to tell you the main point why I decided to stay with defcofx with all honesty, it would be the cost. Might not sound very cool but the cost of opening and keeping trades is a very major point to me. Have not see a broker with better conditions yet
"Tight spreads and my fav currency pairs"
What do you like best about Defcofx?
Trading gold and some cfd forex pairs like AUDUSD and GBPUSD on tight spreads here.
What would you improve about Defcofx?
The platform is a bit slow and can be problematic for quick trades and also monitoring.
Overall
Overall, the services provided are nice and the customer service staff are courteous.
"Well-balanced and pretty reliable"
What do you like best about Defcofx?
Accessible broker with low overall trading costs
What would you improve about Defcofx?
Lowering down the initial depo requirement for the Gold account would be great. $1000 is a bit on the high side
Overall
The spreads on the silver account are pretty solid! I don’t even think of switching to the Gold account, although I’m a bit curious how it is in this regard. There is no additional trading commission, and the initial deposit requirement is only $50. On the downside, there is a limit of maximum open position allowed, and it’s up to 2 lots, which more than enough if your trade with an account size less than $1000
"USDT transaction"
What do you like best about Defcofx?
It’s cool that Defcofx offers many cryptocurrencies for transactions and I usually use USDT for transferring money.
What would you improve about Defcofx?
Probably, they should add some conventional payment methods.
Overall
In general, my experience with Defcofx is not bad. I’ve been here for over 1 year.
"As for trading, it was the right choice"
What do you like best about Defcofx?
The best features of this particular broker, is of course their trading terms. They offered a good variety of assets, at least, what I traded, crypto and forex markets, all I needed. The spreads were quite tight, which wasn’t very important. What was, they didn’t charge any swaps for my overnight held trades.
What would you improve about Defcofx?
Support works not always fast and you need to fill out some details to reach them…
Overall
In general, trading at this broker’s platform was nice and affordable. Indeed, they have very good trading conditions for forex and crypto. Doesn’t cost me much to trade with them…
