DGCX Review

WikiFX | 2025-05-28 11:20

摘要：DGCX is a UAE-based derivatives exchange established in 2005, offering trading in futures contracts across currencies, metals, hydrocarbons, and equities. It operates on a robust institutional platform (Cinnober by Nasdaq) but is primarily accessible to members and not retail-friendly.

DGCX Review Summary
Founded	2005
Registered Country/Region	United Arab Emirates
Regulation	No regulation
Market Instruments	Currencies, Equities, Hydrocarbons, Metals
Demo Account	/
Leverage	/
Spread	/
Trading Platform	Cinnober (by Nasdaq) via FIX API
Minimum Deposit	/
Customer Support	Tel: +971 4361 1600
Customer Support	Email: info@dgcx.ae

DGCX Information

DGCX is a UAE-based derivatives exchange established in 2005, offering trading in futures contracts across currencies, metals, hydrocarbons, and equities. It operates on a robust institutional platform (Cinnober by Nasdaq) but is primarily accessible to members and not retail-friendly.

Pros and Cons

Pros	Cons
Wide range of futures instruments	No regulation
Transparent fee schedule	High trading and membership fees
Strong regional presence in Middle East markets	Limited info on trading conditions

Is DGCX Legit?

DGCX (Dubai Gold & Commodities Exchange) is based in Dubai and operates under the supervision of the Dubai Multi Commodities Centre (DMCC). However, it does not hold a license from any of the major international financial regulators such as the FCA (UK), ASIC (Australia), or NFA (USA).

The domain dgcx.com was registered on January 18, 2002, and will expire on January 18, 2027. It was last updated on August 30, 2024. The domain is currently in a locked status that prevents deletion, renewal, transfer, or updates. Its name servers are listed under Bodis, which suggests the site might be parked or inactive.

What Can I Trade on DGCX?

DGCX offers a total of 4 types of products, which include a variety of currency pairs, metal futures, hydrocarbon contracts, and equity-related instruments.

Tradable Instruments	Supported
Currencies	✔
Equities	✔
Hydrocarbons	✔
Metals	✔
Forex	❌
Commodities	❌
Indices	❌
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Membership

Membership	Application Fee	Feature	Suitable for
Broker Membership	$75,000	Trade on behalf of clients; requires SCA license	Licensed brokers, financial firms
Trade Membership	$30,000	Trade only for own account	Institutional or proprietary traders

DGCX Fees

DGCXs trading fees are high compared to typical retail brokers, especially for precious metals. This is expected as DGCX operates as an institutional-level futures exchange rather than a retail CFD broker. DGCX charges fixed per-side fees per contract. These vary by product.

Contract	Trade Fee	Clearing Fee	Total (Excl. VAT/SCA)
Daily Gold Futures Contract (DGFC)	$125.00	$50.00	$175.00
Mini INR Futures Contract (DINRM)	$0.04	$0.04	$0.08
USD/CNH Futures Contract (DUSDCNH)	$0.15	$0.05	$0.20
Single Stock Futures – Indian (SSF)	$1.00	$0.14	$1.14
Shariah Spot Gold Contract (DGSG)	$13.00	$2.00	$15.00

Swap Rates

DGCX does not apply traditional swap rates like those used by retail CFD brokers. Instead, it charges a penalty for overnight funds settlement shortages at a rate of 36% per annum.

Condition	Penalty
Standard penalty rate	36% per annum
Shortage lasts more than 2 days	Penalty doubled from day 1
More than 3 shortages in a calendar month	Future penalties doubled
Additional consequences	Loss of trading rights, forced position closure

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Cinnober (by Nasdaq)	✔	Desktop / Institutional Systems (via FIX API)	Institutional and professional traders requiring direct market access