Discount FX Review – What to expect from the company

Discount FX is a CFD Broker that targets primarily traders from Germany. Discount FX is a subsidiary company of GBE Brokers Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. Real trading is at Discount FX possible with the minimum deposit of $500. The Discount FX website is available in English and German.

Basic information about the broker

• Website address: www.DiscountFX.com
• Leverage: up to 1:30
• Instruments: CFDs- Forex, Metals, Shares, Commodities
• Minimum deposit: $500
• Demo account: Yes, free of charge
• Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller

Discount FX Trading Platform

For FX and CFD trading, Discount FX offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application.

Discount FX regulation

 GBE Brokers Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 240/14.

The CySEC regulation gives Discount FX the right to provide cross-border services to other members of the European Economic Area.

To sum up the Discount FX Review

Discount FX charges $1,99 per traded lot + spreads from 0.0 pips. Unfortunately, the broker does not state on its website the average spreads on assets it offers. The broker offers a free demo account, but no CFDs on cryptocurrencies. I would also appreciate if Discount FX put a list of all tradable assets somewhere on their website because now one cannot know what shares or forex pairs the broker offers.

Your review can make a difference to other traders, please leave a comment if you have any personal experience with Discount FX.