Dif Broker Review

MIN. DEPOSIT 2,000 CCY
Varying
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information DIF Broker is one of the most famous Portuguese online trading brokers in the world. The company was created in 1999 and for over 15 years has provided… more

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Details

BrokerDif Broker
Website URLhttp://www.difbroker.com/web/en_gb/home
HeadquartersLisbon, Portugal
Support Number+351 211 201 595
Support Emailhdesk@dif.pt
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Portuguese, Spanish, Romanian, Chinese, Russian, Polish, French, Italian
Minimum 1st Deposit2,000 CCY
Minimum Trade Amount0.05 lots
BonusNo
PayoutVarying
Free Demo AccountYes
Regulated Yes
RegulationMiFID
Account TypesIndividual, Joint Individual, Corporate
Deposit MethodsBank Wire - Banco Santander Totta, Banco Bilbao Vizcaya
Withdrawal MethodsBank Wire - Banco Santander Totta, Banco Bilbao Vizcaya
Types of AssetsCFD, Forex, ETF, Futures, Stocks
Account CurrencyEUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

DIF Broker is one of the most famous Portuguese online trading brokers in the world. The company was created in 1999 and for over 15 years has provided excellent financial services. Their headquarters are located in Lisbon, Portugal. It is a regulated broker operating under the financial authorities of the FCA in the UK, the CMVM in Portugal, the KNF in Poland, Banque de France in France and the Bafin in Germany.  It’s one if the few brokers that offer excellent trading experience through their build platform. In 2010, they won the award for Best Online Broker in Western Europe and had since acquired many more clients from all over the world. They offer excellent language support, competitive spreads and good educational resources. With a lot of history behind you can be sure that this company can provide a very stable and secure online trading experience. This is one of the few brokers around the world that accepts US traders.

Trading Information

The company offers only one type of Forex trading account that requires a minimum of $2000 first deposit. A minimum position of 0.01 lots is set by this broker. Maximum Forex leverage is set to 200:1 which around the industry standard. Spreads are relatively tight with majors like EUR/USD 2.6 pips, GBP/USD 2.7 pips and USD/JPY 2.5 pips.  Main trading instruments for the platform are Forex, stocks, options, futures, ETF’s and CFD’s. Scalping and hedging are allowed, but there is no swap-free account option. DIF Broker offers an amazing 120 currency pairs that the traders can use, and this is well above the industry standard. As far as features are concerned there is trade off charts, 24 hours trading, charting package, streaming news feed and mobile trading. However, trailing stop order, one-click trading, OCO orders and stop order are missing. As you can see, there are many ups and downs about this broker regarding features, but there are still enough that make it a very tempting choice.

Trading Platforms

Most of DIF Broker’s competitors have chosen to bet safely on the Metatrader4 platform. But unlike them, the people from DIF Broker have decided to make their own. It’s called Dif Freedom, and its purpose is to serve as your private dealing room no matter where you decide to use it. It’s very customizable and in some instances superior to the MT4 when we’re talking about design and interface. The only downside to it is that there is no information whatsoever if it works on MAC operating systems. It’s not that bothersome because they have a web-based variant of the platform that requires an only internet connection and a login. It offers all the features that the downloadable version has, and you can customize it to your liking. For mobile devices, there is a dedicated mobile version of the web-based platform. It doesn’t require installation too and is usable by every mobile device that has an internet connection. Having an own platform is a gamble, but in this case, we can safely say that the technological team from DIF Broker have done their best. Also, it’s very easy to remove a bug when reported.

Security and Customer Services

Security is most important when thing come to dealing with money and giving away your personal data. The people from DIF Broker are aware of that, and they have done their best to make a safe and secure trading environment for their clients. They have a secure SSL encryption on their “Open Account” page which protects your personal data and makes it available only to company’s employees. The segregated account option will keep your funds safe in top tier banks separated from the company’s money. Customer support is not 24/5 which is unusual to see. You can get in contact with a customer representative from 8:00 – 17:00 GMT (Porto), 8:00 – 20:00 GMT (Lisbon) and 9:00 – 22:00 CET (Madrid). There are several ways you can contact the customer support: by phone, by email or use their live chat option. Response times are very quick and will go from instant to a couple of hours. The site is translated in over eight languages, and as far as I understand there is support in all of them.

Deposits and Withdraws

Deposits are made easy into your Dif Broker account, and you should be worried about a lack of banking methods. There are not much information about the payment methods on their site but credit/debit cards, and bank wire is accepted for sure. Some traders have reported that an American Express can also be used as a deposit method. For withdrawal, you can use the method you deposited the money. Withdrawal fee is € 1,25 per transfer and can be raised if you want it converted into other currency. There is a very thorough list of fees and commissions on their site where your can get information about all trading instruments and how the commissions are calculated. There you can find all the spreads and percentages that you will encounter at Dif Broker.

Deposit Bonus and Loyalty Programs

As many online trading brokers that are already established names in the industry, Dif Broker doesn’t offer any deposit bonuses or promotions. It’s not surprising because they already have a lot of clients and don’t feel the need to attract more using this type of advertising. However, it would be nice to see that implement some trading contests to keep their already registered clients entertained. All in all, this broker is a respectable one and should be the first choice for many traders.

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