Crypto / Forex Broker Reviews

DG Flex Review – Is DG Flex Scam? A Step-by-Step Evaluation

DG Flex Review

DG Flex logoYou will come across DG Flex in your search for a broker and they claim to provide you access to the leading financial markets, along with the tools and features that are needed for a seamless trading journey. Whether they live up to these claims or not can be determined through this DG Flex review.

There was a time when no one could have fathomed the idea of being able to trade in the financial markets from their home, or without having to go anywhere.

Yet, it is the reality today and online trading is regarded as one of the biggest and long-lasting trends in history. Rather than declining, this space has only strengthened, particularly after the boost delivered by cryptocurrencies. As a matter of fact, the global coronavirus pandemic also resulted in an increase in traffic in the financial markets.

The best thing about them is that there is no shortage of opportunities for people to make money. You don’t have to worry about not being able to make profits from buying and selling instruments from different markets. Everyone will be able to find something to trade and enjoy good returns, but how will you do it? How has online trading become possible? This is where brokers play a vital role, as they have done so for decades in the financial markets. The only difference is that they operate online now and help people in accessing the markets of their choice.

You cannot skip this step because they are the ones giving you the software, tools and services that are all required for trading instruments. Without them, you wouldn’t be able to trade in the financial markets. Fortunately, there are a multitude of brokerages that exist today. Due to the popularity of online trading, the number of brokers has also increased over the years. Thus, when you run a search for one, you will be presented with an overwhelming number of options.

This can make the process quite daunting for people because it is difficult to figure out how to sort through the options. Every single one of the brokers that you will find will promise you the best of everything. They claim to have the best platform, best instruments as well as best features and tools. But, this doesn’t mean that they actually deliver on these claims. Nowadays, it is immensely easy for just about anyone to make a website and make promises, but fulfilling them is a completely different story altogether.

Furthermore, the trading world has also become the target of cybercriminals because of the amount of money flowing in and out of the financial markets and this has resulted in scam and fraud brokers. Many of the platforms have turned out to be illegal and scams and hundreds of people have lost their hard-earned money. You don’t want to be scammed and you definitely don’t want to use low quality brokers. To prevent this from happening, you have to do your homework and evaluate the features and offerings of the broker before you make your choice.

No, you shouldn’t just take their word for it when a broker makes a lot of promises. You can do a step-by-step evaluation and save yourself from scammers and fraudsters and also select a good and reliable broker for your trading needs. One of the options that can be found in the market is DG Flex, which is a relatively new option that has popped up in the market and has moved up the ranks quickly. Its services has helped it in winning various awards and become a favorite of many traders. Nonetheless, you should do a step-by-step evaluation to ensure they are what you want.

You can read the following DG Flex review to do so. Let’s get started:

DG Flex home page

Broker DG FLEX
Website https://dgflex.co/
Trading Accounts Five account options including Standard, Silver, Gold, VIP and PRO
Minimum Deposit $250
Assets Coverage Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities
Trading Tools Trading Indicators, Economic Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools, Price Alerts and Risk Management Tools
Education and Training Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides, margin trading and Glossary.
Customer Support 24/5 support via email address, phone number online contact form and FAQ section.
Security Policy KYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent Company DG FLEX

 

Step 1: Check the registration requirements

When you want to evaluate a broker, the first step to begin with is their registration requirements. You need to know what you will be required to do in order to register with them in order to ensure you can fulfill them. It also helps you in being prepared, so you can complete the process quickly. If the requirements are too lengthy or excessive, you can look for alternatives. Many scam brokers ask for a lot of personal and sensitive information and this should be a clear red flag. In addition, it can be very frustrating to have to fill out an endless number of forms, sign contracts and even wait for approval, when you want to just start trading right away.

A check of the registration process at DG Flex will show you that they have kept their process simple and quick for everyone. They promise an uncomplicated onboarding process and that’s exactly what they deliver. It takes just minutes for you to complete the procedure they have outlined and you can start trading in your preferred markets easily. When you visit their website, you will find the ‘Register’ option and clicking it will open up the form that you have to complete. There is just one form that you have to deal with and it doesn’t ask for extensive information on your part.

You have to share your first and last name, country and phone number and also an email address and password. The next step is to agree to the Terms & Conditions that DG Flex has published on its website. You can go through them and then give your agreement. The final step is to confirm that you are at least 18 years old or more and the process is finished. This will take you less than five minutes and you can immediately move onto the next step.


DG Flex registration requirements
Step 2: Go over the account options

As soon as you are done with registration, the next step will require you to open an account on the DG Flex platform. Opening an account is also an essential steps, as the purpose of the account is to keep track of your trading history with the broker, your finances and also your personal data. Every broker offers account options to their clients because a one-size-fits-all approach is not fruitful here. After all, every trader is different and doesn’t have the same trading style, expectations or risk appetite.

But, you will find DG Flex to be different in this regard because they have added five account options, rather than the standard three that you find on other platforms. The increased variety is to facilitate traders of all backgrounds to help them in enjoying the opportunities in the financial markets. You can go over the account options available below and then make your selection:

Standard Account: This is the first account option that you will find at DG Flex and it has a minimum deposit requirement of $10,000. This account provides traders with access to a Trading Academy, account manager, weekly market review, daily news and a weekly portfolio progress report. As for trading conditions, you are given leverage of 1:200 and margin loan of 25% is also provided.

Silver Account: The second account option that you are given is called Silver and you have to deposit a minimum of $50,000 for it. It offers a margin loan of 35%, gives you access to a portfolio manager, along with a monthly session with a certified accountant. Your account is also monitored 24/7 by top analysts and a daily portfolio progress report is also provided, in addition to a daily market review.

Gold Account: The next account option that DG Flex has come up with is referred to as Gold and it asks for a minimum deposit of $100,000. This account provides a margin loan of 50%, a weekly one-on-one session with a market analyst, access to live stream of trading webinar on a weekly basis and a personal portfolio manager. You can also get a summary at the end of the year by a certified tax specialist.

VIP Account: The fourth account option is referred to as VIP and this one needs a deposit from traders of $250,000. It offers increased leverage of 1:300, margin loan of 75%, customized education, invitation to VIP events, in-depth research, a managed portfolio, VIP advisor and daily market signals. You can now have one-on-one sessions with a market analyst on a daily basis.

PRO Account: The fifth and last account option that has been created by DG Flex is called PRO and it offers higher leverage of 1:400 and a margin loan of 100%. You can get a wealth manager, unlimited access to brokerages, higher payouts, super tight spreads and daily live stream trading webinars.


DG Flex account options
Step 3: Look at the payment options

Once you know the account options, have evaluated them and chosen the one you want to open, you have to fulfill the minimum deposit requirements. If you are ready to fulfill them, you will definitely be wondering how to do so. In order to make your deposit, you have to check out what payment options the broker is offering to you. These also vary from platform to platform, so you do need to take a look in order to ensure they are secure enough and also convenient for you to use. Looking at the payment options is also necessary because you will be making your withdrawals with the same options.

As far as the payment options provided by DG Flex are concerned, you will find them to be quite suitable because there are different ones that can be used. Their aim is to facilitate all traders with their payment needs, so numerous payment options have been added. They offer support for debit and credit cards, including both Visa and MasterCard. You can also use bank wire transfer options for making your deposits and withdrawals. Apart from that, you are also given e-payment methods as well as cryptocurrencies like Bitcoin.

Suffice it to say, there are enough payment options that everyone can find a feasible one. You don’t have to worry about any fees and charges imposed by DG Flex for deposits or withdrawals, but third-party charges may be applicable. Likewise, the processing time also varies according to the method you use. It should be noted that withdrawal requests take around 7 days to be approved and you should bear this in mind when making one.

Step 4: Explore the trading instruments

Now that you are ready to begin trading, you need to know what you can trade. The financial markets are brimming with instruments, but it is not possible to trade them all. Moreover, the profitability of each of these instruments is also different and you need to take that into account when choosing them. The choice will depend on the profits you wish to make as well as your risk tolerance. You should bear in mind that not all of the brokers in the market give you access to all the instruments that exist. The asset index is unique on every platform and this is something you need to look at.

It will help you in deciding whether the instruments are what you want to trade and if they can provide you the returns you expect to make. You will not be disappointed with the offerings at DG Flex because they have put in a great deal of time and effort to provide their clients access to some of the leading financial markets in the world. They have added the top instruments from each market, allowing their clients to be able to diversify their investment portfolio. This is a huge benefit because it can help you in minimizing your risks and maximizing your profits. Some of the instruments you will find available are:

Forex currencies: One of the biggest financial market in the world is the forex currency market and DG Flex provides its clients with access to a horde of currency pairs that can be used for making profits. These include EUR/USD, GBP/USD, EUR/GBP, USD/JPY and AUD/NZD.

Stocks: If you have any interest in trading, there is a strong possibility that you are familiar with the stock market. There are a number of stocks that can be traded and DG Flex provides some of the best company stocks to trade. Amazon.com, Nike, PayPal, Apple, Square and Microsoft are just few of the names you will find at your disposal.

Indices: One of the most lucrative markets that exist nowadays is the indices market and you will be able to trade some of the top indices on the DG Flex platform. These include NASDAQ 100, FTSE 100, S&P 500 and CAC 40.

Commodities: If you are looking for consistent returns and low-risk options, you can find a plethora of commodities available. These include soft commodities that refer to agricultural products, such as wheat, sugar, rice and coffee and hard commodities that refer to precious metals like gold, silver, copper, platinum and palladium. You can also choose from energy commodities, such as crude oil and natural gas.

Cryptocurrencies:

Everyone has heard of cryptocurrencies nowadays, as they have become one of the most notable financial markets. There are numerous cryptocurrencies that you can trade with DG Flex and these include Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.

Step 5: Assess the trading platform

When you are done reviewing the instruments that can be traded via a broker and have found the options suitable and in accordance with your risk tolerance, you need to figure out how you will be able to trade them. The primary purpose of brokerages is to provide their clients with the trading platform they will use, which refers to the software needed for opening and closing positions in the market and keeping track of movements in real-time. If this platform is not up to the mark, your performance can suffer and so can your trading experience.

Of course, everyone would want to avoid such a scenario and you don’t want to spend weeks or months learning how to use a trading platform either. You want something that’s simple and easy to use and this is exactly that DG Flex has delivered through its web trading platform. First off, as the name indicates, this kind of trading platform is accessed via the web browser, which means you don’t have to bother with any downloading and installation procedure. That’s certainly a relief because you don’t have to have any technical know-how for this purpose.

Secondly, the web-based trading platform is also easy to maintain because you are not responsible for the security and updates. It is DG Flex’s job to ensure it has all the latest updates installed. In addition, the performance of this kind of trading platform doesn’t depend on the device you are using it on. During your assessment of the platform, you will find that they have chosen to use state-of-the-art technology for delivering superior trade execution and one-click trading benefits to their clients. This allows you to make the most of your trading and you don’t have to face any lags or delays.

A highly intuitive user-interface has also been incorporated by DG Flex that makes it easy for anyone to use their trading platform. Whether you are someone with zero experience, or have been trading in the financial markets for a while, you can use the platform without having to spend any time in figuring out how it works. It is a multi-device platform, as you can use it on your desktop computers, tablets and even smartphones. Hence, you can enjoy trading on the move and be able to stay connected to the markets, regardless of where you may be at any point.

Apart from that, the trading platform has also been equipped with some of the most advanced and powerful trading tools by DG Flex for boosting the performance of their clients. They have given access to live charts and graphs that can be handy in tracking patterns and trends. You will find technical and fundamental analysis tools, as well as trading signals. Price alerts are also given and an economic calendar helps in highlighting important market events. You can check the daily market news as well and stay up-to-date with what is happening, allowing you to make well-informed decisions.

Step 6: Find out about support

Another important step that you need to take during the broker’s evaluation is to find out about any support options that may be provided to you. You never know when there may be a problem during the trading process and you may require assistance of some sort. Likewise, you may have questions about trading itself or other queries that you want resolved. Therefore, support can be invaluable in such situations and any good broker will ensure that its clients have the help they need. You will see that DG Flex is no different in this regard because they have added several support options.

First off, you will see a full-fledged Trading Academy created by DG Flex for its clients where they provide educational resources for guidance and assistance. Secondly, there are also customer support channels that they have added for their clients. These include an email address and a phone number that can be used for getting in touch with their agents. You can also fill out the online contact form provided on their website.


DG Flex support
Conclusion

At the end of the step-by-step evaluation, you can easily come to the conclusion that DG Flex is a good choice for beginning your trading journey.

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