DivisaFx Review
Overview
Company Information Divisa FX is a New Zealand online trading broker that is part of the Divisa Capital Group. They started their operations as STP-ECN broker in 2009. As an… more
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| Broker | DivisaFx |
|---|---|
| Website URL | http://www.divisacapital.com/ |
| Founded | 2008 |
| Headquarters | London, United Kingdom |
| Support Number | +44.203.519.8292 |
| Support Email | support@divisacapital.com |
| Support Types | Phone, E-mail, Social Media |
| Languages | English, Russian, Chinese |
| Minimum Trade Amount | 0.01 lots |
| Maximum Trade Amount | 50 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | Financial Conduct Authority; Central Bank of Armenia; Financial Service Provider Register |
| Account Types | Joint, Corporate |
| Deposit Methods | Bank Wire, Credit Card |
| Withdrawal Methods | Bank Wire, Credit Card |
| Types of Assets | Forex, CFDs, Metals |
| Account Currency | USD, GBP, EUR, AUD |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
Divisa FX is a New Zealand online trading broker that is part of the Divisa Capital Group. They started their operations as STP-ECN broker in 2009. As an independent broker, they’re regulated by the FSPR in New Zealand and FCA in the United Kingdom. The site quickly gained popularity amongst traders with its very tempting spreads and excellent features. They have already expanded in several continents (including Europe) and are a preferred choice for many traders. What makes this broker stand out from their competition is the number of trading instruments offered and the tightest spreads in the industry. While they can’t brag about having a lot of history behind like many of their competitors this company has the taste for innovation and development. If you are looking for a stable and secure trading experience and awesome features, this broke might just be the right choice for you. Let’s see what they have to offer.
Trading Information
Spreads are most important in the nowadays trading world, and Divisa FX knows how important it is to stay competitive in this market. Major spreads for Forex trading are EUR/USD 1 pip, GBP/YSD 1.7 pips and USD/JPY 1 pip. They can go as low as 0.3 pips in certain occasions, which is commendable, to say the least. There are 60 currency pairs to choose from which is way above the forex trading industry standard. Other trading instruments are commodities, futures and precious metals. The Divisa FX account will cost you a $2500 minimum deposit and the position is set to 0.01 lots. Maximum leverage for trading instruments is set to 1:100. When trading features are concerned, DivisaFX offers all the bells and whistles possible. You have OCO orders, trailing stop order, one-click orders, news streaming, instant execution, economic calendar and much more. Scalping and hedging are allowed. Mobile trading is supported but sadly telephone trading isn’t. Email alerts and mobile alerts are also available along with trade off charts.
Trading Platforms
Having the right trading platform is of the utmost importance nowadays, and DivisaFX is well aware of that. They offer the PrimeXM, Metatrader4, Metatrader5, OneZero Financial, Vertex, CTrader, Currenex and ACT Trader. This is one of the fullest lists of supported platforms offered by a broker. Of course, the most preferred and used platform is still the Metatrader4, but it’s nice to have so many options that you can choose. You can have all the customizations and versatility that you need in your daily dealing. Mobile trading, as mentioned, is supported, and you can use your Android or Apple device to manage your account. Every chart, news feed and analysis tool will be at your disposal at all times. The best thing about these platforms is that they are easy to understand by even beginner traders but are complicated enough to allow an expert trader to set them up to his liking. There is not much more to say about the platform because they’re very flexible, stable and with many options.
Security and Customer Services
Having the security, you need on an online platform proves to be quite a challenge these days. With the leakage of so much personal data nowadays, DivisaFX has a bit of work to do when it comes to security. There is no SSL encryption on their site which means that data theft is quite possible at the moment. On their open new account Form, there is some encryption which makes things a bit more secure. They will surely fix this problem in the future but for now, it’s not an ideal situation for them. As far as customer support is concerned, they have phone and email support, as well as the physical address of their offices. But that’s about it. A live chat support option would be appreciated in the future by their customers. Language support can also be improved with English and Chinese being the only supported languages.
Deposits and Withdraws
Divisa Capital payment methods are not very well explained on their site and from I could find out is that they support Bank Wire everywhere, and other banking methods are depending on the country where you’re located. Credit and debit cards, as well as Skrill, are accepted in only a few countries, so you best contact the customer support before you try and make a deposit. What they made clear on their site is that there are no deposit or withdrawals fees whatsoever (this might just be the reason they don’t support many banking methods) which is a very nice feature for people looking to trade with this broker. Processing times are not known, but usually, a Bank Wire transfer will take from 5 to 10 business days to be completed. Account currency can be in EUR, USD, GBP and AUD only which means you will have to pay some exchange fees if you’re trying to deposit or withdraw in another currency. Otherwise, there are no reported problems with banking with this broker, so things should go flawlessly when it comes to that.
Deposit Bonus and Loyalty Programs
There are no mentioned first deposit bonuses on their site and no information about any contests or loyalty programs. It seems that DivisaFX has chosen the brokering where you don’t have flashy promotions and offers. All in all, it will be good to see that implement some event to keep their current clients interested. For people who are looking for a raw online trading experience with great spreads and features, DivisaFX is the best choice.
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