DFMarkets.co.uk Discussion

Hi 'FordYNM'.

Yeh you're right: I should also 'take it down a notch' ('IcyTrading' I can say nothing about because I don't know the member but evidently he's a 'happy camper').

As I noted: the only reason I ended up here was because the keyword 'deltastock' 'appeared on my 'radar' (Google Alerts). And, well, one thing led to another.

The above being said: I at very least hope I've given some useful (as opposed to USELESS) information with regard to the difference between 'registration' and 'regulation' (for now let's forget about the two brokers in question i.e. it applies generally really).

And HOW, if I MAY ask, am I supposed to read Bulgarian (the article that you posted)??? LOL!!! I'm in South Africa remember (and I hate to say this but Google Translate doesn't do a very good job although it COULD be just me). LOL!!! Come to think of it: I've always wondered how they WRITE in Bulgarian!!! It must take FOREVER to write an email!!! LOL!!!

Anyway and as I noted: no offence was meant to anyone (especially you). I've been 'fiercely protective' of Deltastock since my being a trader with them let alone anything else. Maybe it's because when I started trading I just HAPPENED to open live accounts with two of the WORST 'lowlife bottom feeder bucketshop brokers' (one of which has been PROVED to be a 'scam artist' but, of course, it took me a while and a LOT of BIG losses to find out that basically 'every trick in the book' was being 'pulled on me'). People say to NOT 'blame your broker'. That's true TO A POINT. But when your broker is 'giving you a helping hand' to lose well, then, 'the game changes' really and I just don't (didn't) want Deltastock (or DF Markets for that matter) to be 'tarred with the same brush'.

I knew about the formation of DF Markets before this thread was started and the reasons why. Personally: I would have done it differently. But that was most certainly not my 'call' and I'm certainly in no position to advise Mr. Nedkov as to how to run his business(es). All I know is that (as noted previously) they (Deltastock) have been good to me over the years and I've never had one single complaint from a client that I've 'introduced' (or 'solicited') and that tells me a lot. I'll tell you this much: had I become an IB or 'whatever' for either of my first two brokers then by now I would have had my 'head blown off' by some disgruntled client who HAS been 'messed with'. And, well, obviously, as can been seen, I'm still around!!! LOL!!!

As far as DF Markets' minimum distance of placing stop or entry orders 4 pips away from the current market price??? To the 'naysayers': part of my 'job' is to see what other brokers are doing. I found one just last week. The minimum distance from the current market price, to place orders, on EUR/USD, is 20 PIPS!!! Now THAT is 'possible bad execution''!!! LOL!!! Put another way: I wouldn't even be able to trade my trading systems at a broker like that!!! Alright: I'm by no means a 'MetaTrader fan' i.e. Delta Trading (Deltastock's proprietary trading platform) is what I trade with and with Delta Trading there is NO minimum distance at all (other than if you're trying to place an order WITHIN the spread of course). And the GOOD news is that DF Markets is soon to make available 'DF Trader' (which really is 'Delta Trading' without CFDs which is what I trade almost exclusively).

So yes: I'll 'take it down a notch'. My apologies for being so 'in your face' about this. All I'm saying REALLY is that to give DF Markets a 'chance' is all. As I've noted: DF Markets has nothing at all to do with me (well OTHER than the fact that ACTUALLY they COULD be 'costing' me UK clients). But clients in the UK are not my 'target market' so really 'no damage done' (I HOPE anyway).

So 'that is it' from me (unless you have further comments or questions which of course I'll respond to and if I don't have 'all the answers' I'll do my best to obtain them for you).

And by the way: did you happen to use Google last night to find out what was on TV??? LOL!!!

Seriously: if there is anything I can be of assistance with then please don't hesitate to ask. If nothing else you have my word that I'll do the best that I can to address any issues.

Keep in touch ANYWAY regardless.

Regards,

Dale Paterson.

Spotted a DF markets ad online during the week so yesterday I opened a small account to test the water. See a few people are banging on about regulation here, checked it out and they are a fully fledged Uk based FSA regulated company, unlike most of the Cypriot and Israeli bucket shops which claim to be based in London. Anyway account opening was efficient and straightforward, funding was also quick as it was a Uk to Uk transfer. I guess I will keep you posted.

I will keep you posted.[/quote]

plz do..........

it'll be interesting

regards and lucky trading

Hi fintrans!
Started to write a reply to you yesterday but I restarted my computer and lost it all. Now..... I have no time to read your post again.... Frankly - I don't want to read it again too.. Could you be more specific and ask me again what are you asking me in just few sentences!?

I see another happy trader who is client of DF Markets here and that's not surprising me
I will be surprised very much if dryan1985 tell us something bad about DF Markets

@alstural
I can bet with you - next dryan1985 will tell you that DF has the best customer support all over the world and that if the market moves against you - they requote your every order and execute it at price which gains you profit and so on

Guess why's that?

Wow - massive activity in this thread!

At the forefront we have a hardware problem. Hope I'll not have to restart my laptop before I post this . FordYNM, if I may, buy yourself a new computer mate and cut the loss . You sound sort of pessimistic about or confused with DF Markets. Is there any particular reason for you to do that? Funny enough I reckon your contemplations don't have anything to do with trading.

Your language is amazing! Please excuse my ignorance but is that some kind of Eastern European English? You proved you're quite good in Google translations - Bulgarian-English worked well. Try English-English this time. Well, it is now that you screwed Fintrans - it might take him a week (at best) to sort out this:

You made it impossible to him to be just that specific.

Please keep on posting!

I feel I must show some support to you here (you deserve it, you're trying so hard)

Having read your post, I am not going to write about DF Markets now. It's just that I don't have anything to add to what I have already said in my previous posts in this thread.

Hope that would suit you.

P.S. Please make sure you save your work before restarting your computer next time

Hi.

Sorry: I'm SUBSCRIBED to this thread and I STILL do not get 'Instant Email Notifications' so my apologies for only 'butting in here' again only today.

'FordYNM':

Actually: my last post (that you couldn't bother reading again) was a sort of 'apology' to you so I don't know what your 'beef' is. Neither do I understand what your 'beef' is with DF Markets. I'm afraid I have to agree with what 'IcyTrading' is saying: the way that you've conducted yourself on this particular thread also leads me to believe that your 'beef' with DF Markets has little or nothing to do with trading. And frankly: if you couldn't be bothered to read my posts again then I don't see any point in interacting with you any further. I've been at this 'game' for a long time and God help you if you're a 'virtual broker person' (also known as 'the competition'). This business is 'rotten enough' on its own without the ACTIVE input from competitive brokers trying to 'create' problems for other reputable brokers. If there are ANY 'issues' that arise with DF Markets: you can be SURE that it'll be a matter of SECONDS before such 'issues' are made public (which normally happens, in my experience, when a trader has just lost all of their capital because they've been overtrading or don't know what they're doing and need SOMEBODY to blame for their failure and, of course, the broker is 'first in line').

And really: what I find REALLY strange about a lot of the posts on this particular thread is the 'negativity'. Why DF Markets??? I've never seen this type of 'activity' going on when another new broker has 'opened up shop'???

In my experience: if you, or anyone else on this thread, is trying to 'take down' DF Markets for either personal or business reasons (being the competition) then stop wasting your time. A broker's reputation will always 'speak for itself' over time no matter WHAT is posted on ANY forum or review site.

So there you have it. I went to great lengths to explain a few things that most people would not even be aware of or take into account when assessing, or considering opening an account with, a broker. Take it or leave it.

Actually: the more I type this post the more 'pis*ed off' I get. I don't see the problem here. DF Markets is a new broker but is owned and run by individuals with previously unblemished track records (Deltastock AD). DF Markets is not just some 'bucketshop' that just crawled out from under some or the other 'rock'. That's a GOOD thing not a BAD thing so again: 'what's the problem'??? 1 Pip spread on EUR/USD, instant account funding, MetaTrader 4, registered AND regulated in the UK??? What more do you want???

Oh well: I hope that reading the above didn't take up TOO much of your precious time. Now do us all a favour and 'move on'. If this is your 'thing' then I'll gladly provide you with a long list of REAL 'bucketshops' and you can go and 'stick it to THEM' if you've got nothing better to do.

Regards,

Dale Paterson.

I'll gladly provide you with a long list of REAL 'bucketshops'

-------------------------

plz do it.........this could be a real favour to forum members

but do not forget to add your remarks describing

why (on what basis) you are sure they are what you claim they are

Hmmmnnn...

It's YOUR lucky day i.e. turns out my 'Instant Email Notifications' were being sent to a very old email address of mine but they're working now it would seem.

YOU: also for some reason appear to have an issue with DF Markets (for no good or apparant reason). However: due to the number of posts you have around here I have to give YOU the benefit of the doubt (unlike 'FordYNM' who went 'out of his way' to sign up as a member of Forex Factory ONLY to post on THIS thread).

List of 'bucketshops'??? Just 'mosey on over' to Forex Peace Army for starters. And I'll save you the trouble of telling me that the reviews posted on FPA are 'bullsh*t'. SOME of them are I'll admit that. But FPA has MANY systems in place to try to 'weed out' the 'bullsh*tters' from the REAL traders who have REAL problems with brokers. Unfortunately: sometimes 'bullsh*t' 'slips through'. That's inevitable. And to save you even MORE trouble: YES, a few years ago, there were rumours (and that's all they turned out to be) that there was a conflict of interest between FPA and advertisers e.g. a KNOWN 'lowlife scam artist bucketshop' being able to 'fly under the radar' because they were paying for advertising on the same site. FPA has LONG since been taken over by somebody else and I believe that for any new trader looking for a broker FPA is probably the closest they're going to come to getting the 'low down' on a broker. Not to mention the fact that they ACTIVELY participate in trying to resolve issues between traders and brokers. In other words: 'they walk the walk'. They don't just 'talk the talk'. As for MY list: siimple. Take a look at the brokers that have been 'bestowed the honor' of being labelled a 'SCAM' on FPA. Two of them were my first brokers. Which two??? It makes no difference. Neither I, nor Deltastock, nor DF Markets are in the business of 'broker bashing'. That's FPA's job (and, unfortunately, the likes of 'virtual broker people' i.e. 'the competition').

Anyway: I have no idea WHY we've gotten to all of THIS on this particular thread. Enough. This thread (like ALL the other threads) is for traders who trade with DF Markets to post comments about them and share their trading experiences with them. Nothing more and nothing less. Then again and come to think of it: thanks to the likes of 'FordYNM' DF Markets is getting a LOT more exposure than would ordinarily be the case with a new broker!!! LOL!!! So ACTUALLY: 'keep it up'!!! It gives the thread an 'automatic bump' about once a week!!! LOL!!!

Regards,

Dale Paterson.

sorry.........but it seems you have sort of verbal itching

and look at posting as selfentertainment

Hello.

I'm new here and I hope you don't mind me posting here but for some reason I cannot start a new section not even in the "Rookies" section which is what I am. I've been demo trading for a few months and now that I have been paid my bonus and am on leave until end Jan. I thought now would be a good time to go live having some spare time and cash.

I've spent a good deal of time looking through the endless broker reviews here and on other sites and have decided that I would like to open an account with DF Markets mainly based on the fact that I like the detail given by "fintrans" (Dale) who appears to be actively supportive and also the fact that the very few bad reviews I've found about their holding company have been dealt with satisfactorily in my "Rookie" opinion. There appears to be many brokers around where support is non-existent and this doesn't appear to be the case with this broker at least not insofar as their holding company is concerned.

I've do have questions though before I commit.

There seems to be a few people here who have opened live accounts and funded them and are trading with DF Markets but no feedback from them yet. Would anybody be prepared to give some feeback?

I think I understand the role that Dale plays here. I live in Sandton Dale. I've looked at your forums and the trading systems that you trade and train on. Would you be prepared to help a "Rookie" out with some advice even although my account would be with DF Markets and not with Deltastock? My apologies but Deltastock's registration with our FSB has not yet been finalised so at this time I feel more comfortable opening an account with DF Markets because they're registered in the UK and regulated by the FSA. I hope you understand and don't take offense. And thank you for going to such great lengths explaining the difference between being registered and regulated. That is something that I as a "Rookie" would not have known to look for.

Is this a good time of the year to begin trading live or does it not make any difference? This is a question that I would have asked in the "Rookie" section but as I noted I am not able to start a section there to ask my question.

How many posts are required before a "Rookie" can start a new section and ask questions?

I apologise if one or two of my questions are not relevant to this section but I am unable to ask them anywhere else at this time.

Any input and advice and feedback would be very much appreciated.

Peter.

Hey Peter.

My apologies for only responding to you now. I don't get it. Sometimes I receive 'Instant Email Notifications' for this thread and sometimes not!!! I know what the problem was BEFORE and I thought I'd fixed it but I was sent no such notification of your post.

Bonus, cash, on leave, Sandton??? You seem to 'have it all'!!! LOL!!!

Where do I start???

Obviously I cannot give you an opinion as a TRADER at DF Markets and I'm guessing the reason that nobody else has responded is probably because they TOO are on leave or not trading at this time or whatever. I'll tell you this though (based on experience): don't expect TOO many 'this is the greatest broker in the world' posts. People 'by nature' are not too 'quick on the button' when it comes to giving compliments. But believe me: the moment the SLIGHTEST of problems occur it only takes them mere SECONDS to post on about ten different forums!!! LOL!!! So I don't know if THAT is of any comfort to you??? Here's a piece of advice (to anyone really): when looking for a broker don't look for the one with the MOST GOOD reviews and ratings. Look for the one with the LEAST BAD reviews and ratings!!!

Helping YOU out??? With your NOT opening an account with Deltastock but rather with DF Markets??? You have GOT to be kidding!!! LOL!!! I AM REALLY only JOKING (it's 'that time of the year' i.e. are we not supposed to all be 'jolly')!!! OF COURSE I'm willing and able to assist you AS A TRADER in any way that I can. Those forums are run in my personal capacity AS A TRADER and the systems and the indicators etc. are not 'limited' to Deltastock clients. The ONLY difference in YOUR case (and anybody else that decides to open an account with DF Markets) being is that I cannot say to you that if you get 'screw*d' by your broker then 'don't come crying to me'!!! LOL!!!

Is this a good time of the year to start trading??? Hmmmnnn... Good question. Put it this way: volume on STOCKS is very low at this time of the year and this can lead to 'wild swings' or greater volatility given that there are WAY below average the number of market participants. You've registered on my forums I see so you'll know that I very rarely, if ever, trade Spot FOREX but don't go fooling yourself (like most people) that the Spot FOREX Market is a market 'in isolation' i.e. the same 'rules' apply. And it would also depend on how you have been demo trading or how you intend to be trading live??? In other words I'd also say that it's 'trading system' or 'trading methodology' dependant.

How many posts are required??? NO idea but I can ask on your behalf. I don't remember their being a minimum post count before being able to start threads ('sections' as you've called them) but I think it's because almost all of these forums have been 'spammed to death' over the years.

Anyway: 'welcome aboard'. I SUPPOSE I should at very LEAST be happy that you're 'in good hands' with DF Markets even although I'm not going to make one single R1 ZAR out of you!!! LOL!!! But it's alright. Really. I mean that. All I can tell you is this: if you DO lose your money you're not going to be able to blame your broker. Of that I can assure you.

Anything you need: let me know.

Regards,

Dale.

Here is an interesting review of DF Markets' service. They widen spread before news releases - at this moment EUR/USD spread is about 10 pips - but they execute orders fast and with minimum slippage. Spread during normal market conditions are among the best I've seen.

Geez. And here I was thinking that I was the ONLY idiot that was trading at this time of the year!!! LOL!!! I PROMISE YOU 'systray' that was NOT meant as a derogatory comment at all. It's just that I got myself a new 'ar*ehole ripped open' when the US Futures opened on Tuesday and spent two GRUELLING days JUST getting back to where I WAS last Friday night before the New Year weekend!!! But I did it. As I've noted on another forum (site): am I HAPPY that I managed to 'square off' in the space of two or so days??? Yes. Am I PROUD of accomplishing that??? NO. Why??? Because the only reason I managed to do it was by GROSSLY overtrading, and, well, I just 'happened' to be on 'the right side of the trades'. So really: nothing to be proud of. But YET ANOTHER lesson learnt (after just over SIX YEARS at this 'lark')!!! But that's, of course, not your problem, nor does it have anything to do with this thread.

But unfortunately: 'MR NICE GUY' has to become 'MR REAL GUY' which will probably offend most (particularly new) traders. Brokers are NOT 'charity organisations'. They're there to make money TOO AND to protect themselves by managing risk even IF that means widening the spread. Sorry: but that's 'just the way it works'. Honestly: I think the REAL problem lies in the fact that most traders don't even understand WHY spreads widen at certain times and what liquidity actually MEANS. And no I'm not going to explain it here i.e. try Google and you'll 'get the picture'.

Alright: I'm a FIRM advocate of FIXED spreads but, unfortunately (FORTUNATELY), being a Futures Trader, I'm used to variable spreads and I know the reason for their 'existence'. So honestly: whoever the person is that wrote that review about DF Markets needs a 'reality check'. G*D help them if I see or find anything said about Deltastock!!! LOL!!!

Regards,

Dale.

We should just stay on the topic of DFMarkets, and less stories about yourself. Thanks.

If you like to rebut that review, go to this link http://www.forexbrokerz.com/brokers/dfmarkets-review and click on Add Review. Will be interesting to read your defence of DFMarkets against the author Stanimir Zhelev, ForexBrokerz.com.

So sorry. Just 'making conversation' is all.

Regards,

Dale.

Come to think of it:

I guess you and me going out for a beer or a 'luncheon' is 'out of the question' then??? LOL!!!

Thanks for the 'DF Markets' 'bump' though. I 'owe you one'.

Regards,

Dale.

No problem, I'm opening live account with DFMarkets and checking it myself. But I'm afraid this thread has become fintrans' personal blog and quite impossible for anyone to post their "opinions" about their test drive of this broker without incurring your wrath. Unless of course it's positive comment and met your objective of bumping this thread. Maybe you could take it down one more notch ......

The review was actually very positive 5 stars and 4.3 stars about DFMarkets and the sole "comment" about NFP 13pips spread was to cater to wider audience (there ARE news release traders out there) since the author is a staff at the site. But your immediate defensive response without even reading that review ("thought it was on FPA") made this thread harder to exchange opinions about the pros and cons of putting money with this broker.

Please: call me DALE. This was the very first forum that I signed up with using the name 'fintrans' but, honestly, 'moved on' to places where people were more 'agreeable' hence my few posts here (and NO: that was not directed at you in ANY way).

I cannot 'defend' or 'retort' to a DF Markets Rating or Review as I don't have the login credentials (and ACTUALLY I thought that the review was on FPA so my mistake).

Edit (07/01/2012):

I only realised that YOUR post had changed AFTER I'd posted THIS post i.e. your initial post didn't include the screenshot and the review. So yep: I was INDEED 'in the wrong'. My apologies. You'll note that I didn't create a NEW post to 'bump' this thread (but I do hope that you get to read this edit of mine though).

So are we 'good' for a few drinks then???

Regards,

Dale.

Hello.

I happened to look here today only to find that nobody has posted here for some time so I thought, especially seeing as I am still unable to create threads (not that I have the need to do so at this time anymore anyway), I’d share my trading experience thus far.

I funded my account via Moneybookers last year (on 28 December 2011 I do believe). No problem and my account was funded instantaneously. It’s a pity about the Moneybookers fee but I suppose everyone has to make money some way or the other. I know from my work experience that the Moneybookers fee is still far less than what would be the cost of a Bank Wire Transfer from here so I should not complain.

I was going to wait to see some feedback from other traders before opening and funding my account but I had a conversation or two with Dale and with Customer Service and was quite happy and still am and I just thought it right that I share my trading experience thus far given that I’ve only had a good trading experience thus far.

I’ve only been trading EUR/USD and, thanks to a little guidance and some training, actually have managed to make some money and have been able to withdraw some money too. The withdrawal was more of a test than anything else and I had no problem at all with the withdrawal.

I’ve been trading only on the 1-hour time frame and, from what I gather, based on doing much reading of several forums and from what I've been told, I’m not trading small lot sizes I don’t think, and have not had one single re-quote which, again from what I gather, is normally a problem when trading larger lot sizes. When using a market order to open a trade or close a trade my market order has been executed instantaneously. Thus far I’ve also not had a stop order slipped (I think that’s the word). My stop order prices have thus far always been honoured and I do not have the need to use limit orders.

This is my experience thus far and I’m happy and given all the horror stories that I’ve read about brokers and given that good service here in general is hard to come by I thought it prudent to give credit where credit is due.

Unfortunately I’ve only got until the end of the month and then it’s back to work so I’m not going to be able to trade on the 1-hour time frame on most days so I will have to adjust to trading only on the daily time frame which is unfortunate as I have to admit that I have been enjoying the excitement.

I hope that everybody had a wonderful Christmas and New Year and I hope that this coming year will bring only good things to all.

Peter.

Pending order distance is even larger on GBP/USD (8 pips), EUR/CHF (6 pips), EUR/GBP (6 pips) etc. However all my market orders are executed in less than a second and slippage is completely acceptable. Most of all I like their spreads - you can take a look at their real spreads here.