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Divisa Capital

  • #1
  • First Post: Mar 1, 2011 6:08am Mar 1, 2011 6:08am
Does anyone have a live account with Divisa?
  • #2
  • Mar 4, 2011 6:51pm Mar 4, 2011 6:51pm
Nope, would like to know more about them however.. They only seem to have onshore bank accounts in the UK despite there head office being in NZ?? They also aren't regulated by the NZ Securities Commission either.
  • #3
  • Mar 4, 2011 11:30pm Mar 4, 2011 11:30pm
This is what I know about them....


Thank you for your interest in Divisa Capital. Please find our answers to your questions:


1. Maximum leverage is 100:1.


2. Minimum order size is 10K (0.10 lot).


3. Commission rate is $3 per 100,00 units traded.


3. We only offer USD based accounts at this time.


Please let us know if you have any additional questions.


Regards,
Divisa Capital


--
Divisa Capital
www.divisafx.com
+64.9.909.7875 [NZ]
+44.203.318.4573 [UK]
+1.312.285.0395 [US]
  • #4
  • Aug 1, 2011 12:19pm Aug 1, 2011 12:19pm
Looks interesting for me too.

I installed both the Currenex Viking and the MT4 Quant platforms and running on demo accounts for a while. One strange thing I realized is that the margin calculations are different when comparing the platforms.

Example: I am entering a trade with a standard Lot (100K) on EUR/USD pair, leverage is 1:100.

The margin used in Currenex Viking is 100 000 x 0,01 x actual quote for EUR/USD 1,42345 = 1423, which I think is correct.

The margin used in MT4 Quant platform is simply 1000, which I think is not correct assuming that both demo accounts are in USD.

What is the reason for this difference? Can anybody explain?
I asked this question Divisa as well, but no answer till now.

Kind regards,

Oscar
  • #5
  • Aug 2, 2011 4:44pm Aug 2, 2011 4:44pm
I have been with them for a few months,
nice spreads, instant fills, very nice broker.
so far no problems
Bulls are stupid Animals!especially when Im short!
  • #6
  • Dec 6, 2011 10:48am Dec 6, 2011 10:48am
Hello traders, roughtrader, are you still trading with divisa, any updates on their performance, I have been trying to find an ECN broker for months, have tried dozens of mt4 demos, so far this one looks good to me, I appreciate any new info of a real account performance with them... Thx in advanced
  • #7
  • Dec 7, 2011 2:35am Dec 7, 2011 2:35am
Quoting gleem
Nope, would like to know more about them however.. They only seem to have onshore bank accounts in the UK despite there head office being in NZ?? They also aren't regulated by the NZ Securities Commission either.
The NZ securities commission does not regulate spot forex. Being a forex broker and regulated by NZ securities commission would mean they have a futures licence, which does not apply to FOREX... Therefore they dont need NZ regulation.
  • #8
  • Dec 7, 2011 2:57am Dec 7, 2011 2:57am
Quoting ptsnu
Hello traders, roughtrader, are you still trading with divisa, any updates on their performance, I have been trying to find an ECN broker for months, have tried dozens of mt4 demos, so far this one looks good to me, I appreciate any new info of a real account performance with them... Thx in advanced
performance can't get much better
if it wasn't for the lack of regulation regarding safety of capital,
which currently is not needed by NZ laws, they would be one of the best in the world.
anyways I had no problems with them so far.
keep in mind they are not regulated so if anything should happend your money would probably be gone,
unless you can insure your money otherwice, there is no instance to turn to if anything should happend,
even though the chance of anything bad happening is very small
because they do not have anything invested in the markets.
I think for money you can afford to loose, like a small acount they are definitely ok,
they are not ECN they are DMA - direct market access,
which is a lot better in my opinion,
they let you trade directly on the interbank market,
as far as I know there are only 2 brokers currently in the world having this for the retail trader,
it's Divisa and Advanced markets
Bulls are stupid Animals!especially when Im short!
  • #9
  • Dec 7, 2011 6:04am Dec 7, 2011 6:04am
Quoting roughtrader
performance can't get much better
if it wasn't for the lack of regulation regarding safety of capital,
which currently is not needed by NZ laws, they would be one of the best in the world.
anyways I had no problems with them so far.
keep in mind they are not regulated so if anything should happend your money would probably be gone,
unless you can insure your money otherwice, there is no instance to turn to if anything should happend,
even though the chance of anything bad happening is very small
because they do not have anything invested in the...
Thank you sir for your clear answer, and I agree, that not regulated aspect is the only cons I can see about this broker, but is good to know that you still have a real account with them and no problems have arised. Because of the way I trade, 95% scalping, this Broker has all that I need, I didn't know that DMA part, interesting. My other options are MBT and Dukas, but I can't afford the fee thay charge for using mt4, and although their plataform is the fastest I have seen so far, is not for me at this point.
Am I missing any good broker on this profile? ECN, DMA type with less than 15.000 USD initial deposit, MT4, fast execution?
Thx again for sharing your experience on trading. Have a ns pips ride!
  • #10
  • Dec 7, 2011 7:14am Dec 7, 2011 7:14am
Isn't divisa run by ex-velocity4x management?
  • #11
  • Dec 7, 2011 9:10am Dec 7, 2011 9:10am
I did notice that Divisa has currenex connection. This is good, but questioning about the regulation is what strikes me.
  • #12
  • Dec 7, 2011 9:14am Dec 7, 2011 9:14am
Quoting leveraged
Isn't divisa run by ex-velocity4x management?
I doubt that, Divisa has been around since 1993 which makes them one of the oldest brokers I think, that sure speaks for their realibility.
I love currenex, it have a very nice charting package to.
yes that bit about the regulation part is just something to be aware of,
but I really don't think you should worry, they are a good broker.
if they haven't goone bankrupt in allmost 20 years the chances are they will be around.
Bulls are stupid Animals!especially when Im short!
  • #13
  • Dec 7, 2011 9:38am Dec 7, 2011 9:38am
Quoting ptsnu
Thank you sir for your clear answer, and I agree, that not regulated aspect is the only cons I can see about this broker, but is good to know that you still have a real account with them and no problems have arised. Because of the way I trade, 95% scalping, this Broker has all that I need, I didn't know that DMA part, interesting. My other options are MBT and Dukas, but I can't afford the fee thay charge for using mt4, and although their plataform is the fastest I have seen so far, is not for me at this point.
Am I missing any good broker on this...
if you wan't MT4 maybe you should check out FXCM to.
they just came out with a new MT4,
they dumped the Boston bridge,
so now the orders are going directly through FXCM,
seems quite fast in their new demo, I find them good for scalping to,
Divisa and Dukascopy are about simular in speed executions.
I also have a live acount with MBT but these guys don't have a clue what fast execution is.
can't think of anyone else right now.
good luck with your trading
Bulls are stupid Animals!especially when Im short!
  • #14
  • Dec 7, 2011 9:48am Dec 7, 2011 9:48am
I actually am not interested in MT4. I find executions are slow with requotes.

I was looking more towards the Viking platform on Divisa. But just wondering if it is safe to go with them.
  • #15
  • Dec 7, 2011 10:14am Dec 7, 2011 10:14am
Quoting leveraged
I actually am not interested in MT4. I find executions are slow with requotes.

I was looking more towards the Viking platform on Divisa. But just wondering if it is safe to go with them.
MT4 doesn't need to be slow, it depends on the broker.
and Divisas MT4 is fast as lightning!
there are no re-quotes with Divisa and FXCM
no matter which platform you use, MT4 Cnx or Tradingstation,
you will only get re-quotes with dealing desk brokers,
Divisa is DMA and FXCM is STP (straigh through processor)
for safety, it depends on how much money you want to trade
personally I wouldn't deposit 50000 with Divisa but with Dukas and FXCM I probably would,
for a small acount 2000-5000 Divisa is perfectly ok
if you just make regulary withdraws while growing your acount.
besides, you shouldn't trade with money you can't afford to loose
Bulls are stupid Animals!especially when Im short!
  • #16
  • Dec 8, 2011 1:28am Dec 8, 2011 1:28am
Quoting roughtrader
MT4 doesn't need to be slow, it depends on the broker.
and Divisas MT4 is fast as lightning!
there are no re-quotes with Divisa and FXCM
no matter which platform you use, MT4 Cnx or Tradingstation,
you will only get re-quotes with dealing desk brokers,
Divisa is DMA and FXCM is STP (straigh through processor)
for safety, it depends on how much money you want to trade
personally I wouldn't deposit 50000 with Divisa but with Dukas and FXCM I probably would,
for a small acount 2000-5000 Divisa is perfectly ok
if you just make regulary withdraws while...
Yeah, I woulndt be centainly sure of my money's fate in the future if I deposit everything on divisa, Dukas on the other hand seems very reliable. Il give FXCM a try, it has been recomended by some in real life friends, but i have also read some bad things over the internet. Only way to be sure is trying by myself, at least now I have a direction to take.
Thx, if u hear of some broker please let us know. Happy trading!
  • #17
  • Dec 8, 2011 1:31am Dec 8, 2011 1:31am
Quoting kil heo
http://www.divisafx.com/structure-and-regulation.html
Interesting link,
Regarding the speed, normally the demos are supposed to be a bit slower, but as I havent opened a real account, we would need some trader's share on that.
  • #18
  • Dec 8, 2011 3:20am Dec 8, 2011 3:20am
Quoting ptsnu
Yeah, I woulndt be centainly sure of my money's fate in the future if I deposit everything on divisa, Dukas on the other hand seems very reliable. Il give FXCM a try, it has been recomended by some in real life friends, but i have also read some bad things over the internet. Only way to be sure is trying by myself, at least now I have a direction to take.
Thx, if u hear of some broker please let us know. Happy trading!
Yeah I also read about that
if there is one thing you shouldn't do it's looking at reviews,
most of the guys posting that kind of BS don't even know how to trade,
and when they blown their acount they get pissed and blame the broker,
just have a look at forexpiecearmy,
my God! you CANNOT find even 1 broker that doen't have tons of bad reviews, SCAM SCAM!
if you let that affect you, you will never find a broker,
I also have a live micro acount with FXCM using tradingstation 2, and I really can't be happyer,
no requotes no misc error messages no spikes or sabotaging your trades, no nothing,
just fair trading what I have seen so far and I been there scalping allmost 1 year now allmost every day.
FXCM would really be my first choice right now.
they are NOT a market maker that so many seem to believe.
they are a straight through prosessor wich means they ship your order directly to the counterpart. executions are also great
Bulls are stupid Animals!especially when Im short!
  • #19
  • Dec 8, 2011 3:26am Dec 8, 2011 3:26am
Quoting ptsnu
Interesting link,
Regarding the speed, normally the demos are supposed to be a bit slower, but as I havent opened a real account, we would need some trader's share on that.
Yes a live acount is faster
Divisa is amongs the fastest I seen, we are talking milliseconds,
it allmost seems at the moment you hit the button you have allready been filled
Bulls are stupid Animals!especially when Im short!
  • #20
  • Edited 4:48pm Dec 8, 2011 12:23pm | Edited 4:48pm
about the demo,
first of all, MT4.
Direct Market Acess.
Not Market Maker.
No Dealing Desk.
spread is very tight.
no requote.
order is really fast.
no disconnection.
minimum contact size is 0.1
registered FSPR and FSCL.
very good.

but reviews are 2.
http://www.forexpeacearmy.com/public...w.divisafx.com

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