Defcofx
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Defcofx
"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…
