DV Markets-Overview of Minimum Deposit, Leverage, Spreads

Note: Since DV Markets official site (https://www.dvmarkets.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

DV Markets is owned and operated by Forex Financial Services Pty Ltd., and regulated by the Australian Securities and Investments Commission (ASIC). It is allegedly an Australian online forex and CFD broker that provides its clients with the industry-standard MetaTrader4 and web-based trading platforms, leverage up to 400:1, floating spreads on a variety of tradable assets, as well as a choice of three different account types.

Market Instruments

DV Markets advertises that it is a multi-asset platform with an extensive range of trading instruments in financial markets, including 45 forex pairs and CFDs on 10 major indices, spot metals like silver and gold, and oil.

Account Types

There are three live trading accounts offered by DV Markets, apart from demo accounts, namely Standard, Pro and Prime. There is no minimum initial deposit amount to open a Standard or Pro account, while the Prime account requires a much higher minimum initial capital requirement of $50,000.

Leverage

The maximum leverage ratio provided by DV Markets is much higher than most brokers, up to 400:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Through the MT4 demo account of DV Markets, the spread for the EUR/USD was floating around 1.2 pips.

Trading Platform Available

When it comes to trading platforms available, DV Markets gives traders two choices: the worlds most widely-used MetaTrader4 and a web-based trading platform. MT4 is known as one of the most successful, efficient, and competent forex trading software, offering an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options.

Deposit & Withdrawal

DV Markets seems to work with a wide selection of payment methods, including credit/debit cards like VISA and MasterCard, bank wire transfers and popular e-wallets like UnionPay, Neteller, Skrill, Alipay, Poli, FasaPay and Internet Banking CNY. There is no minimum deposit requirement.

Customer Support

DV Markets‘ customer support can be reached by telephone: +61283300850, email: service@dvmarkets.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.