DFMarkets.co.uk Discussion

Hi all,

I just found a new broker with one of the lowest spreads - 1 pip on EUR/USD and MT4 platform!
It is FSA regulated UK broker in London, as well it looks like they have nice spreads on some other currencies.
And another sweet candy is that there is no account opening minimum ))
I have already applied for an account and will share with you my impression..

Please,share any experience with DFMarkets MT4 platform.


Regards,
Stream

Stops level at 4 pips?? Come on.. that's stone age bucketshop level..

I actually do not care much about that 4 pip distance, it is important to get executed at the prices I see, not way from the market prices

And my request is to let us know the brokers without minimum stop distance from the market price and the way of execution if there is such , that will be useful for all of us.


Regards,
Stream

I am totally new in forex I am using Robo Forex.and MT4.Can any one help me what should I buy or sell now.Or is their any Thread where I can found daily update on What should buy today or Sell and What is the target PLEASE HELP ME

Chaps.......Admins...pleasure to join the club!

As you can see, I'm No.1 - undoubtedly - see in the upper right-hand corner of my post

Streamline that broker found me - a fellow recommended this DF Markets company. If I haven't known the guy well (meaning well enough to listen to what he was talking about ), I would have thought he had been kind of bribed by the company to entice prospects. I promised I'll give it a try by opening an account with them, and see what comes out. So tomorrow or on Tuesday, 8 Nov, I will put a couple of thousands quid with them and trade awhile. If I am happy with them I'll stay, if not - I'll held my mate liable for that.

Careful now - I'll be back to share my experience with you, guys - let's see whether that is a bucketshop or not.

By the way - onu (apparently a fellow member - see above) seems to have already certain impressions. Shall I take it he had already traded with DF Markets or he is just building his score of posts?! (no means ot offend anyone here). I'm writing this because his post doesn't help me much - 4 pips stop level - is that the latest criteria across the sector? ...wow I'm lagging behind her.

So bucketshp or not - to be checked soon - at least the company is not that Cyprus-like things holding themselves out on the market. As I mentioned that, does someone (I should ask this question in some other thread, I guess) know what kind of a regulator is the Cyprus financial watchdog - they seem to supervise most of the FX brokers worldwide. Amazing, isn't it? ....something is not right here.... or Nicosia is to oust London in the financial world.

Coming back to DF Markets - I forgot to mention that they'll give me a bonus.

dreamm27 (the other chap above) - mate, if you don't have a damn idea what to do - the advice is simple - just don't do it .

DF Markets - watch me out and be mindful of how you execute my trades!!!!!!!!!!

Cheers Mates!

I did some research and according to my findings DF Markets's director is Nikolay Nedkov who is CEO of Bulgarian Deltastock AD.
You can check this document:
http://accounts.levelbusiness.com/ac...2XLWPV4556.pdf

Perhaps Deltastocks's representative can join us on this topic.

Guys,

As promised, I am back to update you on my experience with DF Markets - this UK Broker I am testing now.

Quick and efficient account opening- got my account opened for an hour or so. Well I must say that if I were from a non-European country maybe that would have taken a day or two - depending on how fast I could send them some additional documents in compliance with their statutory requirements to identify me - to satisfy themselves "I am who I say I am "

That is the good thing of the transparent and high standard regulations such as those in the UK, Japan, Australia and USA - their objective, amongst others, is to ensure and look after clients' confidence in the market.

I was contacted by their pleasant staff - very professional, I must say - asked me a couple of questions about my trading experience, knowledgdge of the trading platform (theirs is MT4), risk awareness. Anyway, they seem to love what they're doing

They gave me a Welcome Bonus (nice of you, DF Markets, to call it that way) If interested look at their home page www.dfmarkets.co.uk


As I'more like EUR/USD trader - already had some order flow with them. My orders have been quite nicely treated so far. Impressed! Well I can compare them with the MT4s of Alpari and FXCM. So my simultaneous execution tests are in favour of Df Markets-interesting, isn't it?

So far so good! Let's hope they will not give me reasons to come back and make excuses I've mislead you here in my assessment of this MT4 brokers.

Let's see what the markets will be like next week - so hopefully I will have made some money out of it. ...we'll see

Cheers!

Hi BlackFox,

The FSA Register is the right source of reference for this kind of matters - such as Management, Compliance and any other staff subject to the approved persons regime of the FSA.

To get a bit of an insight please check what "fit and proper" means in the context of FSA terminology.

As you have made this research of yours - shall I take it that you're also trading (no demo accounts, please! ) with Df markets? It would be good to share our experience!

Cheers!

No, sorry, I don't trade with DF Markets at this time, but I keep them on my list of promising brokers.

Alright mate. happy with my trading ...so far
cheers

Black Fox - DF Markets is Bulgarian broker all the way (:
The proof:
http://www.investor.bg/news/article/123539/107.html
googletranslate it:


And so on...

tried demo

t/p several pips away ..........agree..........stone age

but is it so innocent?

i doubt

spreads are variable meaning given by broker

plenty of room to play against a trader( to set up v.d. plugin for example)

second warning sign is a bonus

is not it clear that bonus will be taken back

by some means...........which ones? this is for you to guess.........

Morning Guys,

I see some dubious posts have been circulated in this thread. It appears competition is watching out and trying to paint a gloomy picture for DF Markets Ltd. Is there a reason for that to happen? It looks looks like these competitors lack the insight and are quite superficial in what they do here.

Deltastock seems to me quite a recognized name having read quite many and quite good reviews.

Anyway the below posts are useless as they tell me nothing about DF Markets' services. You, guys "alstural" and "FordYNM" - you don't have a clue, do you? ... as I doubt you're anything more but demo traders.

Well I have tested DF Markets' withdrawal process - amazingly quick.

I saw Moneybookers on their website and asked them about credit card funding. Their customer care advised me that online payments with credit cards will be enabled in a week.

The one month experience I have with dfmarkets.co.uk tells me I have nothing to complain about.

Hello everybody.

I hope you don't mind my 'butting in' here but I can already see where this thread is going. I've never had the pleasure of 'meeting' any of you so you don't know who I am but I'll save you the trouble of finding out. I'm an IB for Deltastock AD, I'm 'Verified Broker Support' (fancy title that) on one or two forums for Deltastock AD, provide Customer and Technical Support for Deltastock AD on another few forums, so, of course, Deltastock AD is 'always on my radar'. And guess what 'popped up on my radar' today (via Google Alerts)??? You guessed it: Deltastock AD and this thread!!! LOL!!!

So let me try to 'clear things up' a bit here (seeing as my beloved Deltstock AD has been 'drawn in' here).

It would seem that for some reason that some of the posts here have a sort of 'conspiracy theory flavor' to them. I don't quite understand that. So DF Markets is a wholly owned subsidiary of Deltastock AD. So what??? Deltastock AD is still registered with the FSA but only as a Branch Office whereas DF Markets is a fully fledged registered business in the UK which, obviously, is also registered with the FSA. What's the difference??? Certain regulatory requirements are different to begin with and 'cover' for the clients of a broker differs between a fully fledged registered broker in the UK and a Branch Office of a broker where the broker is a registered business in another country.

Not only that: there seems to be some sort of 'issue' with the fact that Deltastock AD's Head Office is in Bulgaria and it just so happens that Mr. Nedkov is a common director and shareholder of both Deltastock AD and DF Markets. What's the issue with that??? If Bulgaria is the issue: let me assure you that Bulgaria 'got its act together' a LONG time ago to start with. What's more: I don't see the Bulgarian Government looking for 'handouts' from the IMF, ECB, or any other 'lender of last resort'. Last time I looked: their economy is sound. If the fact the Mr. Nedkov is a common director and shareholder of both companies then why is that a problem??? Ever considered the possibility that he, and two other directors and shareholders, who are not directors and shareholders of Deltastock AD, maybe wanted to start another business together separate from Deltastock AD for whatever reasons (possibly for those given above)???

Sorry but I don't see the problem and I think that somebody is out to 'take the mickey' here. My personal opinion is that you should be looking at DF Markets in a totally different light and be HAPPY that Mr. Nedkov is involved. Deltastock AD has been in business since 1998 and you'll be VERY 'hard pressed' to find any bad reviews or ratings (and if you do you'll in all likelihood find my resolving any issues that may have arisen anyway). So if you want my opinion: think of DF Markets as a simple 'extension' of an already reputable and well regulated broker with an unblemished track record is all.

And sorry but some of these posts DO look suspiciously like 'the competition' posting here. 'FordYNM': no offence but to join a forum specifically to post just 1 post and that post just HAPPENS to be here??? Well. That does look a bit suspicious let's face it. 'Black Fox': there's something I don't understand about YOUR posts i.e. the last time I checked your profile your preferred broker was Deltastock AD and your preferred trading platform was Delta Trading??? Something doesn't make sense here. And please: none of this is 'personal' so let's NOT let this thread turn into a 'flaming session'. We're all here to be helping each other as traders and not argue among ourselves.

And IcyTrading: just a word of friendly advice. Your last post could quite easily be construed as, shall we say, 'less than friendly' in nature. So my friendly advice is to 'take it down a notch'. If you're happy with DF Markets then by all means post and let everyone know. That being said: I guess I should be upset with you for opening an account with DF Markets and not with Deltastock AD (I make no money out of you)!!! LOL!!!

So c'mon ladies and gentlemen, boys and girls. So there's a new broker 'on the block' that is backed up by people with experience and a good reputation and track record. Would it have been better that this was some brand new broker that nobody knew anything about??? I think not.

Anyway: there's my input on the subject.

Don't argue, don't 'flame' each other, and above all don't get banned from the forums. It's not a nice feeling!!! LOL!!!

Regards,

Dale.

Agree stop level at 4 pips is a good sign of bad execution & slippage.

So what??? Deltastock AD is still registered with the FSA but only as a Branch Office whereas DF Markets is a fully fledged registered business in the UK which, obviously, is also registered with the FSA. What's the difference???

sorry.........

how should one understand you?

registered? regulated?

by your own words.........."What's the difference???"

Good morning everyone (and alstural).

I gave other possible reasons in my post for there now being a DF Markets in the UK and no longer a Branch Office of Deltastock AD in the UK. My apologies and come to think of it: maybe that's why my post was confusing (in that I didn't mention that Deltastock AD's Branch Office in the UK has been closed).

Regulatory differences:

DF Markets is authorised and regulated by the FSA and holds a full scope licence and is able to receive and hold client funds (segregated accounts, etc. etc. etc. i.e. as per the FSA Rules and Regulations).

http://www.fsa.gov.uk/register/firmB....do?sid=252597

Deltastock AD is currently registered with the FSA to carry out the investment services and activities in the UK on a cross-border basis only. That means that it can offer those services from Bulgaria but not from a physical establishment in the UK, which, in MiFID terms is the Host State (Bulgaria being the Home State). The company holds a cross-border passport under the Markets in Financial Instruments Directive (MiFID).

http://www.fsa.gov.uk/register/firmB....do?sid=200606

Please note that 'REGISTERED' does not mean 'REGULATED'. These are two completely different things. Unlike cross-border passported companies, which are subject to REGISTRATION ONLY, the EEA Inward Branches under MiFID are subject to REGISTRATION and REGULATION, because they operate from a physical address in the Home State.

In the scenario where the company is EEA Authorised to carry out cross-border services, it is regulated by the Home State Regulator, only. If, for example, Company 'A' is based in Cyprus or Malta (both of these are EU member states, in our example, the Home States) and offers its services in the UK under the cross-border passport regime, Company 'A' is not regulated by the Financial Services Authority of the United Kingdom, but just registered with it. It's being regulated by the financial regulator of Cyprus or Malta.

It is worth explaining the above because there are companies which misleadingly state 'Registered and Regulated' while they are only registered.

And all this is not a play on words (although it might seem like it). It has rather huge implications in regard to the regulatory protection of the client. Because although all of the Regulators share (or should share) the same principles: few of them tend to adequately enforce these regulations on their markets.

And to get back to the main point: DF Markets' client funds are 'covered' by the FSCS in the UK (http://www.fscs.org.uk/) up to an amount of £50 000 whereas Deltastock AD's client funds are 'covered' by the ICF in Bulgaria (http://www.sfund-bg.com/index.php?lang=2&pid=1&sid=0) up to an amount of €20 000.

And as I said: there could be a host of other reasons that I'm not privy to as to why the formation of DF Markets. But the point I was trying to make was that it appeared to me as though somebody or someone (or some broker) was trying to 'flame' DF Markets simply because a) Mr. Nedkov is a director and shareholder of DF Markets as well as a director and shareholder of Deltastock AD and b) Bulgaria seemed to be an issue and I could not figure out what this had got to do with 'the price of eggs'???

Let me put it this way: I'd been trading with Deltastock AD for about four years before there being any 'connection' between them and me (aside from my current responsibilities I'm awaiting the outcome of Deltstock AD's application to the South African Financial Services Board to operate as a Licenced and Registered Financial Services Provider in South Africa) and I can tell you that Mr. Nedkov (Deltastock AD) has looked after me and my clients very well so if DF Markets is run on the same basis as Deltastock AD (which, given that he's involved, I believe will be the case) then they'd have my vote and I really don't think anybody has anything to be concerned about (except the competition I guess). There's most certainly no 'conspiracy' or 'cover up' here. As somebody noted on this thread (I forget who): all of this is publicly accessible information anyway.

So once again: my apologies if my post was confusing.

Any other queries: feel free to ask and I'll get the necessary information for you I promise you (although please note that DF Markets has nothing to do with me i.e. that's not why I'm posting here).

I guess all I'm saying is that to give them a chance is all. There appears to be one or two people here that's already trading with them so I'm sure if there's any 'issues' that arise details of such 'issues' will appear here or on FPA 'in a matter of seconds'!!! LOL!!!

And let me also make this clear: I was not being 'personal' in my first post so if you don't mind 'take it down a notch' as well (and if my post appeared to be 'personal' them my apologies to you and everyone else).

Regards,

Dale.

Let me get you all back to the main point which actually is sharing experience with DF markets. I already have an MT4 account with them and some trading experience.

What i want to underline is the tight spreads offered! Iusualy get executed at 1 pip spread without commission - most ECN brokers do not offer such a spread
The customer support is flawless - execution as well.

PS
Instead of digging the net just ask the DF representatives and all your questions will be answered

Regards,
Stream

IcyTrading and fintrans - Slow down guys!
You are overreacting!
I and Black Fox just stated one simple fact - that DFMarkets is Bulgarian broker. We've never badmouthed neither DFMarkets, nor Deltastock. Not even Bulgaria.
Your efforts to defend DFMarkets/Deltastock can drive someone to think that you are trying to make it some tricky image.

@ streamline
Thank you for the advice, man! I mean it! Can I use Google to check the tv schedule this evening please? )))

You didn’t answered me so I’ve dug the net again
Go to Google Advanced Search. Select Bulgarian language and search for DF Markets + Deltastock. Except the interview of Mr. Nedkov there is page on deltastock.com/bulgaria with DF Markets in its title. Quite interesting
See the image