Direktbroker-fx Review - Is it scam or safe?

Name: Direktbroker-fx
Brand: Direktbroker-fx
Rating: 3 (1 reviews)

RATING: 3 / 1 REVIEWS

Trading Accounts

Account type	Minimum deposit	Minimum trade size	Maximum leverage	Spreads (& Commission)
Silver	€100	0.01	1:200	0.1 pips + €2.4/lot
Gold	€5 000	0.01	1:200	0.1 pips + €1.2/lot
Platinum	€25 000	0.01	1:200	0.1 pips + €1.2/lot

Direktbroker-fx offers several trading accounts, depending on the initial deposit amount, available on two platforms. All of them variable spreads, leverage up to 1:200 and micro tradable lots. The broker claims to offer ECN/STP execution and also that the risk for the client is limited to the money in the account.

The Company. Security of Funds

Company	Country	Regulation
Leverate Financial Services Limited	Cyprus	CySEC

Direktbroker-fx offers trading in a wide variety of financial instruments, such as futures, CFDs and forex on both Sirix and MetaTrader 4. This is a brand operated by Leverate, which targets mainly German investors. The company is a famous provider of software solutions for the forex sector. Besides Direktbroker-fx, Leverate also operates the Vinci Capital Markets brokerage brand.

Leverate Financial Services Ltd. is a Cyprus Investment Firm (CIF) licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company is headquartered in Cyprus, Limassol, and has offices in Berlin, Hong Kong, Kiev, Shanghai, and Tel Aviv.

CySEC requires CIFs to keep customer funds in segregated accounts, to hold at least €730,000 as a proof of good financial standing, regularly provide financial and trading reports and comply with various rules and standards.

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which can pay compensation to its covered clients up to €20,000, in the event a regulated broker becomes insolvent or ceases trading.

In accordance with the Markets in Financial Instruments Directive (Directive 2004/39/EC, MiFID), Leverate Financial Services Ltd is authorized to provide Cross Border Investment Services all EU Member States. Nonetheless, Leverate Financial Service is also registered with the German Federal Financial Supervisory Authority (BaFin) and the UK’s Financial Conduct Authority (FCA).

Trading Conditions

Minimum Initial Deposit

Direktbroker-fx’s clients are required to invest at least €100, which is an average amount to start with.

Spreads & Commissions

Direktbroker-fx offers variable spreads, which are really tight, averaged 0.1 pips on EUR/USD. Even if we add the applicable commission of €2.4 per standard lot round trip, the trading costs are incredibly low. However, we noticed that the execution on the Sirix web demo is slow, so may be slippage is an issue with this broker. In fact, that’s the main problem of Direktbroker-fx, highlighted in a user review in the FPA forum.

Leverage

The default leverage with this broker is 1:50, in line with CySEC’s latest regulations. The maximum leverage, however, is is 1:200, which is average. If you need higher leverage, you may check out a list of brokers, providing leverage equal to or exceeding 1:500 here.

Trading Platforms

Direktbroker-fx supports the popular MetaTrader 4 (MT4) platform, as well as Sirix.

In fact, the all-in-one forex and social trading platform Sirix is developed by the company behind the brand, Leverate.

Sirix allows investors to copy trades directly from the “Social Stream” section of the platform. The "Copy" function enables them to have positions opened, updated and closed without any explicit action or confirmation on their side.

The Sirix platform is equipped with built-in advanced indicators and charting options. Charts can be displayed in various timeframes and traders can add their own lines, measures and annotations.

Traders may also connect to the platform using either a FIX or PHP API connection.

Methods of Payment

The following payment methods are available to Direktbroker-fx clients: credit/debit cards, bank wire transfer, and e-wallet payment systems, such as Skrill, Neteller & Safecharge.

Conclusion

Direktbroker-fx is a well-regulated broker that offers online trading in wide range of products with really good conditions. According to us, the main disadvantage of this broker is the slow execution speed. To sum up the above, here are the advantages and drawbacks with regards to this broker:

Pros	Cons
Well-regulated	Slow execution
Tight spreads and low commission fees
Brand of popular FX software solutions company
Choice of trading platforms, MT4 available

Latest news about Direktbroker-fx

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Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.


	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
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	FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Cyprus, SVG	CySEC	MT5, Web, cTrader	$100	Review Website
	Australia, Cyprus	ASIC, CySEC	MT4, MT5, Iress	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT5	$5	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

Traders` reviews for Direktbroker-fx

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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