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DCNForex -

Score

1.16 /10
Danger

DCNForex

United States

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.dcnfex.com

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Comparison

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Score

Regulatory Index0.00

Business Index4.31

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

DCNForex · Company summary
DCNForex Review Summary
Founded2024
Registered Country/RegionUnited States
RegulationUnregulated
Market Instruments500+, Forex, Commodities, Bonds, Metals, Energies, Shares, Indices
Demo Account✅
LeverageUp to 1:100
SpreadFrom 0.001 pips
Trading PlatformWeb, DCNForex App
Min Deposit0
Customer SupportEmail: support@dcnfex.com

DCNForex Information

DCNForex, headquartered in the United States, is a newly-established unregulated broker, claiming to offer 500+ trading instruments across Forex, Commodities, Bonds, Metals, Energies, Shares, and Indices with leverage up to 1:100, spread from 0.001 pips and no commissions. Demo accounts are available and there is no minimum deposit requirement to open a live account. Instead of the leading MT4 and MT5 trading platforms, trading platforms available are only a web-based platform and DCNForex App.

DCNForex's homepage

Pros & Cons

ProsCons
  • Wide Range of Market Instruments
  • No Regulation
  • Demo Account Option
  • No MT4/5
  • No Minimum Deposit Requirement
  • Only Email Support
  • No Info on Payment Options

Is DCNForex Legit?

DCNForex currently has no valid regulations. Please be aware of the risk!

No license

Market Instruments

Tradable Instruments Supported
Forex✔
Commodities✔
Bonds✔
Metals✔
Energies✔
Shares✔
Indices✔
Cryptocurrencies❌
Options❌
ETFs❌

Market Instruments

Account Type

DCNForex offers three account types. All of the accounts require no minimum deposits and are swap-free.

Cent Account: The Cent Account is tailored for traders who prefer to trade in smaller volumes. It allows trading in cents

Pro Account: The Pro Account is suited for experienced traders who prioritize low spreads and competitive trading conditions.

Premium Account: The Premium Account comes with additional benefits or perks tailored to high-volume traders or those with specific trading preferences.

Account comparison

Leverage

DCNForex advertises leverage of up to 1:100.

Leverage allows you to control a larger position size than your initial deposit. For example, with 1:100 leverage, a $100 deposit would allow you to control a $10,000 position.

If the market moves in your favor, leverage can amplify your potential returns. A small profitable move on a large position can translate to significant gains.

However, the flip side of magnified profits is magnified losses. A small move against your position can lead to substantial losses that could wipe out your entire account balance.

Spread & Commission

The spread represents the difference between the bid price (the price at which a trader can sell an asset) and the ask price (the price at which a trader can buy an asset).

On DCNForex, you can benefit from spreads starting from as low as 0.001 pips.

In addition to competitive spreads, DCNForex advertises to charge no commission fees across all account types.

Commissions

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web ✔Web/
DCNForex App✔Mobile/
MT4❌/Beginners
MT5❌/Experienced traders
Trading Platforms

User Reviews

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User comment

2

Comments

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Linglay
more than one year
DCNForex is by far the best in the Business. DCNForex provides a great trading facility, free quality education, good client service where withdrawing your profits are always fast and easy. The year end DCNForex was fantastic to attend with many prizes e.g.1st prize a car, VW GTI.
DCNForex is by far the best in the Business. DCNForex provides a great trading facility, free quality education, good client service where withdrawing your profits are always fast and easy. The year end DCNForex was fantastic to attend with many prizes e.g.1st prize a car, VW GTI.
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2024-07-09 18:05
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FX1479526564
more than one year
Excited by DCNForex's broad offerings and zero minimum deposit, I dove in, hoping for a robust trading platform. However, the joy was short-lived when I discovered their NFA regulation was unauthorized, casting doubt on their reliability. In short, while DCNForex has attractive features, the regulatory red flags are concerning. Proceed with caution or explore safer options.
Excited by DCNForex's broad offerings and zero minimum deposit, I dove in, hoping for a robust trading platform. However, the joy was short-lived when I discovered their NFA regulation was unauthorized, casting doubt on their reliability. In short, while DCNForex has attractive features, the regulatory red flags are concerning. Proceed with caution or explore safer options.
Translate to English
2024-06-04 14:00
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