Direct FX Binary Options Review
Direct FX is a complete broker in financial instruments. As I have viewed various propaganda about this broker with conflicting views, I decided to do a completely unbiased review myself. I will tell you about Direct FX including their history. I will also explain about terms and conditions relating to bonuses and withdrawals. I will tell you if they offer demo and mobile accounts. Lastly, I will give you my opinion if Direct FX is a scam. Visit Website
- Licensed by ASIC in Australia
- FINRA/SIPC member which insures up to $500,000
- Customer service could be improved
Direct FX Deposit & Withdrawal Methods
Direct FX Broker Information
- Founded: 2006
- Company: Direct FX Trading Pty Ltd
- Incorporated: Australia
- License: ASIC
- Platform: MT4
- Minimum Deposit: $250
- Minimum Withdrawal: $100
- Returns: 85%
- Minimum Trade: $1
- Demo Credits: Available
- 60 sec, 5 min, 15 min, 30 min, 1 hour
- iPhone, Android
About Direct FX
- CQG FX
- CQG ONE
- Multi Account Manager (MAM)
- VPS Solution
Direct FX History
Primarily handling Forex trading, Direct FX was founded back in 2006. Through these 10 years, Direct FX has added more features and will keep doing so. One great thing about Direct FX is their huge amount of education on binary options and Forex trading for all levels of traders.
Direct FX Bonus Terms And Conditions
I searched the Direct FX terms and conditions over and over and I do not find any bonus terms or conditions. It looks to me that Direct FX is not in the habit of offering any bonuses. It is possible that your account manager may offer a bonus and terms will be established at that time, but for the most part it doesn’t look as if Direct FX gives bonuses.
Direct FX Withdrawal Terms and Conditions
Direct FX also does not go deep into withdrawal terms, but from what I see, they process withdrawals within 3 working days. You have various methods to deposit including credit card, bank wire and some ewallet methods. The minimum deposit is $250. Direct FX has the right due to anti-money laundering regulations to request personal information. This may include:
- A copy of your passport or government issued photo ID
- A copy of the credit card used to deposit
- A copy of a recent utility bill showing your name and address
Direct FX Demo Account
Here is another great feature with Direct FX. You can use a demo account to get adjusted to the trading platform. There is no limit to how many demo accounts you can have, so you can test different trading styles to find your most profitable method.
Direct FX Scam Watch
I do not see where Direct FX can be deemed a scam. I will point out that there are many negative comments online about this binary options broker, but in some cases, I do wonder if it is affiliates of competitors who are writing these. I also see where in a few circumstances, customer service representatives answer some of these, but I believe that Direct FX really does need to work on their overall reputation. If you have had issues with the broker, instead of writing online, you should contact ASIC, because if you do not do that, how can we believe your complaint is founded?
Direct FX Mobile Review
Direct FX also has their platform available for smartphone and tablet users. It is the MT4 Mobile trading platform and from what I see and read, it is just as good as the normal platform used on desk and laptops.