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DK Trade Review: DKtrade is a forex, commodities, indices and equity broker. The domain was registered On 2003-07-05 by GoDaddy.com, LLC. Therefore, checking the date this individuals established dk trade, it’s still unknown to us.
They said to be a boutique brokerage company licensed and regulated by Financial Services Authority St. Vincent and the Grenadines (SVG FSA). By words it’s established to put out “a new approach” in the financial markets.
However when we checked, it offer a low minimum deposit or zero commission trading platforms with mt4, mt5 and web-based. DK Trade has managed to expand its product range to over 600 products. The services offered seems to be enhanced with 24/5 customer support.
Spreads is as low as 1:4, while leverage is from 1:1000, well if I’m to say the platform offer tight spread. However, we will check other data to analyze this broker based on the safety of clients. But before we continue this dktrade review let us see other already tagged scam.
DK Trade Trading Platform
Dktrade offer a three types of trading platforms which allow traders to choose their best. Now let us analyze this trading platform by comparing each. Dk trade offer traders mt4, mt5 and web-based platform which allows you to trade. However we all know that the most popular software for trading is MetaTrader software. In this case, most people are use to this trading platform. Therefore offering this platform is a lift to the brokers generosity.
DK trade mt4: This trading platform allows traders to use the MetaTrader4 software. The mt4 app can be downloaded on android, iOS, PC and Mac.
For android, you gain Rapid trade execution, user-friendly interface, complete control over your trades.
For desktop, you trade FX, spot metals, shares, spot indices, spot energies and futures. Automated trading via EA’s, market reports & data analysis. More-so, micro-lots available and no partial fills.
DK trade web-based platform is equally well built with intuitive interface and fast. In the process of our DK trade review, we saw that it’s very good to use and easy to navigate. So the interface is beginner friendly and can help traders of any kind.
DK Trade offers three different account types, which is good for different type of trader. The choices are the Variable, Fix, and Zero account types. The Variable and Fix accounts are very similar, with the main difference being that the spread is variable on the Variable account and fixed on the Fix account, as you may have guessed.
The Zero account differs from the other account types because it offers extremely low spreads, but charges commission fees where the other accounts do not. All of the accounts share the same leverage, assets, trading platforms, minimum, and maximum trade sizes, and stop out levels. Take a quick look at the specifics for each account type below.
Spread: Variable. From 1.4 pips.
Leverage: up to 1:1000
Spread: Fixed. From 1.5 pips.
Leverage: Up to 1:1000
Spread: Zero. From 0.4 pips.
Commission: $10 FX/$15 Metals per round lot
Leverage: Up to 1:1000
Is DK Trade Legit?
Dktrade is a new forex broker that is still striving for popularity but doesn’t strive for reputation. The broker seems to have obtained regulatory approval from FSA but it doesn’t guarantee your safety. Based on experience and traders rating, dk trade is not legit. Therefore counting from that, we will check this broker with our testing tools.
Dk trade seems to be located in UK, seems to offer a competitive trading platform and we tested. We wanted to know the owner of DK trade but couldn’t find anyone. We equally tried to reach them via some personal contact but we only saw logos.
Therefore if this dk trade is legit, it would be a breadwinner for beginners. But from findings, dk trade is not legit, and not reliable. This is because we couldn’t find the owner, and the previous encounter by traders is still a pending case of scam. Another scam you should avoid is skycapital.
Dk trade gives traders different payment methods, which fully guarantee their Choice. Therefore deposit and withdrawal cost fees depending on the withdrawal method you used. Dktrade gives traders option to deposit via Mastercard, Visa, fastpay. Webmoney, moestro, union pay neteller, American Express, bank wire and skrill. So you can choose from all this option to complete your payment. However, the minimum deposit is zero $10
or some zero. Withdrawal takes up to 1 to 2 business days.
Does DK Trade Gives Bonus?
The broker offer bonus of 50% to every deposit you make. You should know that dktrade bonus is available to everyone, but there’s a condition for withdrawal. Therefore apart from dk trade bonus, other brokers offer the same bonus and contest. But before you get this bonus you will have to fulfill the requirements.
In the process of our DK trade review, we saw that it offers customer support. However this customer support last 24/5, you can reach them via livechat, phone calls, email and Skype. Though from traders opinion, the customer support agents only reply to those that want to invest. Therefore if you want to withdraw or having issues with your trading account, you might not get support. We all know how it’s bad to see angent online but they cant respond to your question.
Dk trade broker review Conclusion
Finally we will conclude our dk trader broker review by telling you not to trade with them. DK Trade is not legit, the people behind this site is still unknown to us. However if you are looking for the best forex brokers try pepperstone
. Or you can check out free forex trading platform
. Dktrade strategy is just like another scam brokers dla Capitals