DirectFX

I think this company is underrated. Have deposited 10 k at the first time and trading worked good. I am a position trader and do not scalp. Withdrawal worked very fast in 5 hours I had my money back in my ewallet. They are ASIC regulated and I like their offer to deposit per Neteller free of charge. Service via chat is exzellent, too. I have redeposited and will continue to trade with them.

Another one of those shell Australian companies. What a croc. This company is trying to revolutionize how to cheat clients. Its staff are no where to be found when s*** hits the fan. They appear also to be affiliated with Axitrader as well. Also I don't think their staff are actually in Australia.

I don't normally leave broker reviews. However, I am so disappointed with DirectFX that I had to write this. I opened an account with them in Australia. I was led to believe that I could fund my account with Australian Dollars, but my funds were converted to US dollars. When I closed my account I received a less than favourable rate to convert back to AUD. I trade around news times and I found that trading with them was a nightmare with spreads sometimes reaching 30+ pips, early stopouts within a few seconds (probably due to high spreads or yo-yo prices). I have an example during NFP where the bid price went down and stayed down and the ask price went down a bit but then spiked up by 20 pips taking me out around break-even but showing how dodgy trading conditions are with them. They never sent me Daily or Monthly Confirmations and now I have stopped trading with them, I am trying to get them to send me a statement. Even this is too difficult as they sent me an email asking me to login to my account to download it. But my account has been closed and disabled. So to sum up then. Misleading account opening information, awful trading conditions, appalling customer service.