| Category | Content | FXknows Analysis |
| Deposit Payment System / Supported Deposit Methods | - USDT (TRC20 / ERC20)- USDC- BTC- SOLANA (SOL)- MATIC (Polygon)- Other mainstream cryptocurrencies supported by the platform | Cryptocurrency deposits are credited relatively quickly, without being restricted by regions or banks; however, on-chain transfers are irreversible. Users need to confirm the coin type, network, and address information. It is recommended to test the process with a small amount for the first deposit. |
| Category | Content | FXknows Analysis |
| Withdrawal Payment System / Supported Withdrawal Methods | - USDT (TRC20 / ERC20)- USDC- BTC- SOLANA (SOL)- MATIC (Polygon)- Other mainstream supported cryptocurrencies | The withdrawal methods are consistent with the deposit methods. The platform does not charge additional handling fees, but the on-chain transfer fees are borne by the user. On-chain network congestion will affect the arrival time of funds, and users need to carefully verify the address to avoid fund losses. |
| Advantages | Disadvantages |
1.Low Deposit Threshold: A live account can be opened with a minimum of approximately $50, convenient for small-scale trial trading. 2.High Leverage: Up to approximately 1:2000, maximizing capital utilization. 3.Zero Commission, No Overnight Interest: The overall transaction cost structure is relatively simple. 4.Supports Deposits and Withdrawals in Multiple Cryptocurrencies: Fast fund transfers and convenient cross-border operations. 5.Uses the MT5 Platform: The terminal is mature and stable, supporting automated trading strategies (within the Gold account). 6.Provides Negative Balance Protection and Fund Segregation: Includes basic risk control measures. | 1.Regulation: Offshore registration; external regulatory constraints are relatively limited, requiring investors to strengthen their self-risk control. 2.Mainly reliant on cryptocurrency deposits and withdrawals: This presents a certain barrier to entry for users unfamiliar with on-chain operations. 3.High leverage comes with high risk: Rapid losses are easily incurred in volatile markets, making it unsuitable for inexperienced users to use with heavy leverage. 4.Short brand history: Lacks long-term operational records; stability requires further observation. 5.Basic educational and research content: In-depth research and strategy development tools are relatively limited. |
DefcoFX is an online trading platform registered in St. Lucia, Caribbean, specializing in multi-asset CFDs (Contracts for Difference). It primarily offers products in forex, precious metals, stock indices, commodities, US stock CFDs, and cryptocurrencies. The platform uses MetaTrader 5 (MT5) as its core trading terminal and emphasizes high leverage (up to 1:2000), zero commission, no overnight interest, and cryptocurrency deposits and withdrawals, aiming to attract traders worldwide seeking flexible leverage and multi-asset allocation.
In its official disclosures, DefcoFX emphasizes its client fund management and risk control mechanisms, which primarily provide investors with basic security through fund segregation, negative balance protection, and order execution systems.
The platform discloses the following fund security measures:
1. Segregated Accounts: Client funds are held separately from company operating funds to reduce the impact of platform operational risks on client funds.
2. Negative Balance Protection: In the event of extreme market volatility causing an account's net worth to become negative, the platform will assist in reducing the negative balance to zero and will not pursue recovery from the client.
3. Risk Management Parameter Settings: These include margin call thresholds and forced liquidation thresholds to limit further losses to user accounts caused by extreme market conditions.
4. Transparent Order Execution Mechanism: The platform uses a market order execution model and states that it will not interfere with client orders.
Fund segregation and negative balance protection are basic security arrangements commonly used in the industry, helping to reduce account risk in extreme situations in a high-leverage environment. However, these mechanisms rely on the platform's own execution and are not equivalent to mandatory compensation plans under the regulatory frameworks of major developed markets. Therefore, investors are still advised to follow the principle of diversification in their fund allocation.
DefcoFX offers a relatively streamlined account system with varying leverage and minimum deposit requirements to cater to traders from beginner to advanced levels. This section outlines the main account types and account opening procedures.
| Item | Silver Account | Gold Account | FXknows Analysis |
| Target Users | Beginner traders, users with small capital | Experienced traders with relatively high capital | The dual-account structure is relatively clear, making it easy for users to choose based on capital scale and strategy type. |
| Minimum Deposit | Approximately $50 | Approximately $1,000 | Silver is more suitable for testing the waters or verifying strategies, while Gold is more suitable as the main account for medium-high frequency or automated strategies. |
| Maximum Leverage | Up to approximately 1:2000 | Up to approximately 1:500 | Silver has extremely high leverage, suitable for users with relatively strong risk tolerance; Gold has relatively moderate leverage but is still on the high side, requiring relatively high demands on position management. |
| Fee Structure | Zero commission, floating spread, no overnight interest | Zero commission, floating spread, no overnight interest | The cost structure seems relatively simple, but due to the lack of long-term public statistical data, it is still recommended that investors verify the actual cost through simulation and small real trades. |
| Automated Trading | Does not support EA | Supports EA usage | For users who rely on automated trading or quantitative strategies, the Gold Account is a more suitable choice. |
| Negative Balance Protection | Supported | Supported | Both types of accounts provide negative balance protection, which is an important supplementary mechanism for high-leverage trading. |
Account opening and verification process overview
| Link | DefcoFX Process Description | FXknows Analysis |
| Online Registration | Create an account by submitting an email and basic information through the official website's registration page | The operation path is concise, and initial registration can be completed within a few minutes, suitable for traders who want to try before buying. |
| Account Opening | Choose to open a demo or real account in the client area, and set leverage and account type | It allows investors to first use a demo account to familiarize themselves with the platform environment before deciding whether to make a real deposit, which helps reduce learning costs. |
| Identity Verification | Supports uploading identity proof and address proof to complete KYC, but it is not a mandatory prerequisite | While it is convenient, investors need to pay attention to keeping relevant materials and communication records to provide proof when necessary. |
| Deposit and Activation | Choose a cryptocurrency deposit channel, and you can trade on the MT5 platform after completing the deposit | Cryptocurrency deposits are relatively fast, but you need to carefully check the coin type, network, and receiving address to avoid losses due to operational errors. |
DefcoFX's main selling points are zero commission and no overnight interest.
| Fee Category | DefcoFX Disclosed Information | FXknows Analysis |
| Spread | The spread for major currency pairs is floating. Officially, it can be as low as a relatively low level, depending on market liquidity and account type. | For high-frequency or intraday traders, the spread level is crucial. It is recommended to observe the actual transaction data in a real account over a period of time. |
| Trading Commission | No separate commission is charged for all types of accounts, and the cost is mainly reflected in the spread. | The zero-commission model simplifies cost calculation, but investors should still pay attention to whether there are significant differences in spreads across different trading instruments. |
| Overnight Interest | The account is officially stated to be set as swap-free. | It is relatively friendly for investors who hold positions for a long time or follow specific religious habits, but they still need to pay attention to whether the platform balances the cost structure in other ways. |
| Deposit Fee | The platform does not charge additional handling fees for deposits, and the on-chain network fee is borne by the investor. | The actual cost is greatly affected by the selected cryptocurrency and the degree of network congestion. It is recommended to choose a link with relatively stable fees. |
| Withdrawal Fee | The platform does not charge additional processing fees on its side, but the corresponding blockchain transfer fee still needs to be paid. | In terms of fund management planning, it is recommended to appropriately control the frequency of withdrawals to balance the convenience of transfer and network fee expenditure. |
| Other Fees | The official website does not currently highlight the terms of inactive account fees or account maintenance fees in a prominent position. | Before opening a real account, investors can carefully read the relevant legal documents to confirm whether there are additional costs incurred by long-term inactivity. |
DefcoFX positions "multi-asset trading" as one of its core selling points, aiming to meet investors' needs for cross-asset allocation on a single platform by covering forex, commodities, stock indices, US stocks, and cryptocurrencies.
| Asset Class | Content | FXknows Analysis |
| Forex | Approximately 61 currency pairs, including major, minor, and some cross currencies, with spreads starting from about 0.5 pips and leverage up to 1:2000. | The coverage of forex products is basically sufficient for retail traders. High leverage + low capital requirement is attractive for short-term and intraday strategies, but it places higher demands on risk management. |
| Indices | Offers approximately 11 global stock index CFDs, with leverage up to 1:200 and no commission. | The number is not particularly large, but it covers major market indices, making it suitable as a supplementary tool for forex strategies or macro allocation. |
| Commodities and Energy | Provides energy products such as crude oil and some commodity CFDs, with leverage and spreads varying by product. | The commodity line is relatively basic overall, suitable for limited cross-asset arbitrage and allocation within the same account. |
| Precious Metals | Offers 4 major precious metals, with leverage up to 1:500 and no commission. | It is sufficient for precious metal traders focusing on gold/silver and suitable as a hedge against exchange rate and inflation expectations. |
| US Stock CFDs | Over 55 US stock CFDs, covering some large technology and financial stocks, with leverage up to 1:10. | Compared to brokers specializing in stocks, the number of underlying assets is not abundant, but it still has certain value for forex traders who prefer US stocks as a supplementary asset class. |
| Cryptocurrencies | Involves a small number of mainstream cryptocurrencies (such as BTC), supporting 1:10 leverage and 24/5 trading. | The number of crypto assets is not large yet, but it is attractive to users who want to experience digital asset volatility on the same platform. It should be noted the extreme volatility and policy uncertainty inherent in the crypto market. |
DefcoFX's product portfolio leans towards a combination of "forex + a small amount of indices / precious metals / US stocks / cryptocurrencies" to meet the daily needs of most retail CFD traders.
The trading platform is central to execution efficiency and user experience. DefcoFX has chosen MT5 as its sole primary platform, coupled with its self-built client portal and VPS/tool ecosystem, aiming to construct a relatively complete technological closed loop.
| Item | Content | FXknows Analysis |
| Trading Terminal | MetaTrader 5 (Desktop, WebTerminal, iOS, Android) | Adopting a mature platform, which is conducive to being compatible with various technical indicators and EA strategies; however, users accustomed to MT4 need a certain period of transition. |
| Server Location | Trading servers are located in the Netherlands, with server time being GMT+2 / GMT+3 (during daylight saving time). | For customers in Europe, parts of the Middle East, and Africa, the latency is theoretically better; users in other regions need to test the latency in actual use. |
| Order Execution Mode | Market Execution, claiming STP/ECN mode without dealer intervention. | It is relatively friendly to high-frequency traders and scalping strategies, but the specific slippage, requote, and order rejection situations still need to be verified through live trading. |
| Supported Strategies | Allows hedging and scalping, permits trading around high-impact news, but will reduce leverage around important data releases to control risks. | The dynamic leverage adjustment is beneficial for the platform's risk management, but it is an important variable for strategies that rely on high leverage to "bet on news", and relevant details need to be understood in advance. |
| Dynamic Leverage Adjustment | Temporarily reduces leverage from 1:2000 to 1:500 within 15 minutes before and after the release of major economic data. | It is a double-edged sword for both the platform and users: it helps control exposure risk, but may limit the performance of some high-volatility strategies. |
| Risk Parameters | Margin Call is approximately 50%, and Stop Out is approximately 20%. | In a high-leverage environment, this combination of risk parameters means that once the position suffers significant losses, the platform may trigger margin calls and stop-outs consecutively in a short period, so investors need to strictly control positions and stop-losses. |
For stable trading in the medium to long term, the research and educational resources provided by the platform are equally important. DefcoFX is in the ongoing development phase in this area and has already launched its basic analysis and tools section.
| Module | Content | FXknows Analysis |
| Market Analysis | The official website provides columns such as Daily Technical Analysis, Market News, and Market Analysis, covering technical viewpoints and macro highlights. | The content is of reference value for investors with a certain foundation, but there is still a gap in overall depth and systematization compared with traditional research-oriented brokers. |
| Economic Calendar | Provides an Economic Calendar covering major macro data and events. | It is a standard configuration, helping traders grasp event-driven market movements, but it is still recommended to cross-verify with independent financial information sources |
| Educational Module | The website lists columns such as Educational Books, Educational Videos, Forex Glossary, and Forex Newsletter. | The educational content is in the development stage, mainly meeting entry-level needs, and the content related to advanced strategies, risk management, and quantitative trading is relatively limited. |
| Tool Support | Provides auxiliary tools such as Market Heat Maps, Market Data Watchlist, and Forex Tools. | These tools can improve users' market monitoring efficiency to a certain extent, but it is still recommended that traders configure third-party professional tools according to their own strategies. |
Customer service quality directly impacts the efficiency of resolving trading issues and the overall investor experience. DefcoFX discloses multiple customer communication channels on its official website.
| Dimension | DefcoFX Disclosed Information | FXknows Analysis |
| Service Hours | Provides customer support services on working days, covering major trading sessions. | For forex and contract for difference (CFD) traders, it can meet the support needs during most trading hours. |
| Communication Channels | Includes online chat, email, and in-site contact methods, etc. | Multiple channels help investors choose a suitable way to communicate. It is recommended to communicate important issues in written form and keep records. |
| Supported Languages | Primarily in English. | For complex issues, it is recommended to describe them clearly in written English and save the corresponding emails for future reference. |
| Help Center | The official website provides answers to frequently asked questions, explaining account opening, leverage, negative balance protection, deposits and withdrawals, and strategy restrictions, etc. | A complete FAQ helps investors solve most basic problems by themselves before submitting tickets, thereby improving overall efficiency. |
You can learn more about us faster and better through our FAQs, and find the answers you need below.
FXKNOWS offers two trading platforms - MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both of these platforms have excellent reputations for usability with intuitive interfaces. However, you shouldn't confuse user-friendliness with low performance. They both offer advanced charting capabilities and high-level analytical tools and are a great fit for all trading levels.
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