Defcofx offers MT5 forex and CFDs through a business presenting itself as registered in Saint Lucia. Silver and Gold have different funding and leverage limits. Its dedicated terms add conditions that broad marketing does not convey: leverage changes can affect existing positions, USDT withdrawals cost US$10, and certain Saturday withdrawal requests are declined. A company registration has not been verified as a financial-dealer authorisation.[2][4][7][11][12]
Accounts & eligibility
Sections ↑Silver and Gold entry terms
Shared and account-specific features
Strategy and applicant scope
| Item | Details |
|---|---|
| Automation | FAQ specifies EAs for Gold, while Silver is manual/scalping; general trading page is broader.Source 3Source 4 |
| Regional acceptance | Website says access remains subject to restricted jurisdictions; no universal legal eligibility follows.Source 11 |
| Verification | Low-documentation marketing coexists with identity requirements for recovery and profile changes.Source 4 |
Markets & contract exposure
Sections ↑FX and commodity contract examples
Indices and share CFDs
| Item | Details |
|---|---|
| Indices | Published examples include US30, SPX500, NAS100 and UK100; leverage up to 1:200.Source 6 |
| Share CFDs | Symbol table shows 1.00 minimum and 100.00 maximum lots with 10% margin for named shares.Source 6 |
| Ownership | These are derivative positions, rather than custody of underlying shares.Source 10 |
Crypto trading versus crypto funding
| Item | Details |
|---|---|
| Product advertising | Some product copy still refers to crypto CFDs.Source 10 |
| Current detailed evidence | FAQ says crypto trading is no longer offered; spreads table marks BTCUSD/BTCEUR unavailable.Source 3Source 6 |
| Funding | Cryptocurrency transfers remain advertised for deposits and withdrawals.Source 3Source 7 |
The inactive symbols are a stronger account-use indicator than the broad product category. This profile therefore does not count crypto CFDs as confirmed currently available trading products.[6][3][10]
Trading costs & other charges
Sections ↑Spread claims have different meanings
| Item | Details |
|---|---|
| Account matrix | Both Silver and Gold advertise a 0.5 pip floor.Source 2 |
| FAQ | Mentions 0.2 pip spreads, without establishing a universal account tariff.Source 3 |
| Symbol table | Labels EUR/USD 0.5 pip as an average, without a sampling period or independent fill study.Source 6 |
Gold’s “raw” label is not evidence of a zero spread. For the published 100,000-EUR EUR/USD lot,0.5 pip represents US$5 spread cost; a different actual spread changes the result. The account page’s zero commission and no-swap statements do not remove payment or conversion costs.[2][6]
Withdrawals and non-trading charges
Execution, leverage & margin
Sections ↑Leverage depends on the instrument
News-related margin change
At unchanged US$100,000 notional, simple margin rises from US$50 to US$200 when leverage falls from 1:2000 to 1:500. That is a fourfold margin requirement and US$150 less free margin before price changes. A margin shortfall can therefore arise without placing another trade.[4][5]
Execution and forced closure
| Item | Details |
|---|---|
| Orders | Market execution; pending/stop orders can fill at the available price after a gap.Source 4 |
| Liquidation | Below 20% margin level, positions can close without prior notice.Source 4 |
| Errors | Broker reserves the right to reverse erroneous trades, benefiting or disadvantaging the client.Source 4 |
The company’s normal-market “no slippage” wording is qualified by its explicit gap and volatility exceptions. It should not be treated as a guaranteed stop-loss contract.[4]
Deposits, withdrawals & promotions
Sections ↑Deposits and external fiat conversion
Withdrawal routes and timing
| Item | Details |
|---|---|
| Named methods | Bitcoin and USDT on the dedicated page.Source 7 |
| Normal target | Typically within 3 hours, including weekends; a company target, not guaranteed receipt.Source 7 |
| Saturday exception | An open position as of Friday causes a Saturday request to be declined; resubmission is directed to Monday.Source 7 |
Withdrawal prerequisites
Crypto withdrawal and later conversion into bank money are separate transactions. An external wallet/exchange may impose its own eligibility checks, fees and settlement delays. Defcofx’s three-hour target does not cover that entire chain.[7]
40% welcome-bonus conditions
| Item | Details |
|---|---|
| Entry | FAQ: at least US$1,000; request through chat before trading.Source 3 |
| Credit use | FAQ says bonus can absorb losses; full current withdrawal/expiry mechanics are not established.Source 3 |
| Country scope | Bonus exclusions are separate from ordinary account acceptance.Source 3 |
The listed bonus exclusions include Iraq, Iran, Pakistan, Turkey, Morocco, Sudan, India, Bangladesh, Indonesia, Vietnam, Zimbabwe, South Africa, Nigeria, Malaysia and Thailand. They should not be presented as a complete ban on opening an account; the company describes them as promotion restrictions.[3]
Regulation & client protection
Sections ↑Corporate claim and regulator scope
| Item | Details |
|---|---|
| Company number | Website quotes 2024-00205 for Saint Lucia and calls it a licence.Source 11 |
| FSRA statement | General notice dated 15 April 2025 says Saint Lucia does not license forex business.Source 12 |
| Conclusion | The number does not establish a forex-dealer permission. That notice does not name Defcofx.Source 11Source 12 |
Client funds and negative balances
| Item | Details |
|---|---|
| Segregation | Company says client and operating funds are separate; banks and independent reconciliation are not established here.Source 9 |
| Negative balance | Company policy says it resets negative trading balances to zero.Source 8 |
| Protection scope | A broker policy is not a verified statutory compensation or deposit-insurance entitlement.Source 9Source 8 |
Support, complaints & account records
Sections ↑Trade disputes and contacts
| Item | Details |
|---|---|
| Support | [email protected] and official-site live chat.Source 1 |
| Reporting deadline | Trading conditions require an execution complaint within 2 hours; later reports are ineligible for investigation.Source 4 |
| Firm correction window | Broker reserves 30 days to review/reverse/reprocess incorrect trades.Source 4 |
The short reporting window makes prompt retention of order numbers, platform timestamps and the reported problem especially useful. It is the company’s published internal process, rather than a statement that every legal right expires after two hours.[4]
Security and account lifecycle
| Item | Details |
|---|---|
| 2FA | Offered for the client profile; recovery can require ID.Source 4 |
| Inactivity | FAQ says a trading account can be disabled after 15 days; support/deposit can reactivate it.Source 3 |
| Support hours | FAQ says 24/5; trading conditions say 24/7. A single guaranteed schedule is not established.Source 3Source 4 |
Platforms & additional services
Sections ↑Platform and management services
Company & legal entities
Sections ↑Published operator and location
| Item | Details |
|---|---|
| Legal name | DefcoFX Limited in trading conditions.Source 4 |
| Corporate description | Saint Lucia registration 2024-00205 is a company claim, not an independently matched dealer permission.Source 11 |
| Address | Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.Source 11 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
DefcoFX Limited
No separate licence entry is recorded in this panel.
Additional Information
Sections ↑Material conflicts resolved or retained
| Item | Details |
|---|---|
| Crypto CFDs | FAQ cessation plus unavailable BTC symbols outweigh broad product advertising for current availability.Source 3Source 6 |
| Withdrawals | USDT fee and Saturday exception qualify general free/fast claims.Source 7 |
| EAs/support | Account-specific EA wording and inconsistent support schedules require explicit confirmation.Source 3Source 4 |
Sources & further reading
- Defcofx: official service and contact footer Defcofx · Accessed 27 Oct 2026
- Defcofx: Silver and Gold account overview Defcofx · Accessed 27 Oct 2026
- Defcofx: funding, account, bonus and platform FAQ Defcofx · Accessed 27 Oct 2026
- DefcoFX Limited: execution, disputes and account-security conditions Defcofx · Accessed 27 Oct 2026
- Defcofx: leverage, margin and instrument-specific limits Defcofx · Accessed 27 Oct 2026
- Defcofx: published symbol spreads, contract sizes and leverage Defcofx · Accessed 27 Oct 2026
- Defcofx: withdrawal methods, charges and weekend restrictions Defcofx · Accessed 27 Oct 2026
- Defcofx: company negative-balance policy Defcofx · Accessed 27 Oct 2026
- Defcofx: company client-fund security claims Defcofx · Accessed 27 Oct 2026
- Defcofx: product-category marketing Defcofx · Accessed 27 Oct 2026
- Defcofx: Saint Lucia corporate description and address Defcofx · Accessed 27 Oct 2026
- Saint Lucia FSRA: general forex-licensing notice,15 April 2025 Financial Services Regulatory Authority Saint Lucia · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.