Defcofx
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Defcofx
"Well-balanced and pretty reliable"
What do you like best about Defcofx?
Accessible broker with low overall trading costs
What would you improve about Defcofx?
Lowering down the initial depo requirement for the Gold account would be great. $1000 is a bit on the high side
Overall
The spreads on the silver account are pretty solid! I don’t even think of switching to the Gold account, although I’m a bit curious how it is in this regard. There is no additional trading commission, and the initial deposit requirement is only $50. On the downside, there is a limit of maximum open position allowed, and it’s up to 2 lots, which more than enough if your trade with an account size less than $1000
"USDT transaction"
What do you like best about Defcofx?
It’s cool that Defcofx offers many cryptocurrencies for transactions and I usually use USDT for transferring money.
What would you improve about Defcofx?
Probably, they should add some conventional payment methods.
Overall
In general, my experience with Defcofx is not bad. I’ve been here for over 1 year.
"As for trading, it was the right choice"
What do you like best about Defcofx?
The best features of this particular broker, is of course their trading terms. They offered a good variety of assets, at least, what I traded, crypto and forex markets, all I needed. The spreads were quite tight, which wasn’t very important. What was, they didn’t charge any swaps for my overnight held trades.
What would you improve about Defcofx?
Support works not always fast and you need to fill out some details to reach them…
Overall
In general, trading at this broker’s platform was nice and affordable. Indeed, they have very good trading conditions for forex and crypto. Doesn’t cost me much to trade with them…
