DIFX exchange has been active since 2020 under the name DIFX Limited. This company appears to be registered in Grand Cayman. Currently, they are only offering crypto investment services. Yet, in the past, the company was offering standard leveraged trading as well.
Allegedly, there are more than 400k verified clients and a $150 million daily trading volume. Quite big numbers for such an unpopular exchange. Anyway, we are going through the whole offer in this DIFX review. Make sure to read everything carefully!
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Difx.com; difx.io |
| Have Warnings from: | N/A |
| Registered in: | N/A |
| Operating since: | 2020 |
| Trading Platforms: | Web-based platform |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Withdrawing funds from this exchange might be harder than we think. Primarily because they claim to be regulated by the NFA and they are not. If you are in those 50% of traders who had negative experience, contact us for refund advice. |
Legal info: Is DIFX Legit?
The first thing you notice about this firm is that they claim to be an NFA member. This would make traders far more comfortable investing money with this firm if the information was true.
Yet, the NFA register shows that DIFX is not a member. It appears that this firm is regularly changing its purpose. Therefore, you must always watch out for the company’s required regulations.
Who are DIFX’s Clients?
Generally speaking, cryptocurrencies are designed to be accessible worldwide. Yet, some exchanges prefer to work with traders from specific countries. In the case of DIFX company, those are:
- United Arab Emirates
- United States
- Germany
- United Kingdom
- France
Yet, the company is not authorized anywhere to provide digital asset services. With this in mind, we have to take a look at DIFX reviews and find out more about its activities. But before that, make sure to check our 24 Era and GTS Capital reviews for more useful tips.
Traders Reviews
As can be seen, DIFX exchange was not one of those reputable companies everyone speaks nice about. It’s quite surprising there are allegedly 400k verified clients and only 26 reviews on Trustpilot. In addition, 50% of those are rated with one star, making everyone wonder if this company is trusted.
Many traders report frozen accounts and funds, poor support, and withdrawal issues. If you see all of this, why should you trust such a company? Absolutely no reason. But if you did, contact our refund specialists immediately for consultation.
Leverage, Commissions, Spreads, Fees and Taxes
In the past, the company was offering a cross-trading platform for all five major categories. Now, they only offer crypto trading services. Those services include regular trading fees and DIFX coin-holding levels.
Regular maker and taker fees are fixed at 0.15%. However, if you want to hold the company’s token, you are getting lower fees for more tokens bought.
Bonuses
Important to realize is that the company is offering a wide range of bonus offers. Or let’s say rewards. For instance, a $10 bonus if you register, a $20 bonus after verification, etc. Thus, many traders reported issues with those, and we wouldn’t recommend you test it out.
DIFX Trading Features
One of the main features available with this exchange is the DIFX academy. Also, there are options like OTC trading and trading bots.
Generally, all these features sound quite attractive. But if you see numerous complaints about DIFX company, it’s hard to believe you will have any success.
Trading Platforms Available
Important to realize is that the company has developed a proprietary trading app. Thus, for desktop devices, it’s only a web-based one. Even though, in the past, the company was offering highly trusted MetaTrader 5, it’s currently not the case.
Anyways, the current platform can’t be compared with MT5, which is why we recommend you find another crypto broker.
Available Trading Assets
The number of tradeable assets has decreased since the company switched only to crypto trading. Currently, they advertise more than 150 digital assets available, such as:
- BTC
- DIFX
- ETH
- ADA
- XRP and many more
Account Types
You don’t have standard account options with the DIFX crypto exchange. Everyone gets the same service and conditions unless you directly invest in the company’s token. After everything we’ve learned, we’d steer clear.
Mobile Trading App
DIFX login issues were reported by traders using the company’s mobile apps. Even though these are found on AppStore and PlayStore, reviews about them are not promising.
Fairly, there’s a big number of traders who downloaded the app – more than 100k. Yet, without adequate regulation, does that mean anything?
Demo Account
Since the company offers spot trading features, access to the platform would be a nice touch. Not to mention virtual funds for testing all the features, especially so many advertised trading bots. Unfortunately, none of those options are available.
Education
The company is doing quite a solid job when it comes to education. Besides its academy, traders can track news and announcements, follow the company’s blog, and much more.
Yet, it all looks like the company is trying to lead traders into purchasing their proprietary coin – DIFX token.
DIFX Withdrawal
DIFX, or Digital Financial Exchange, has everything transparent except one thing. Those are the T&Cs and withdrawal policy. Nowhere is seen how long the process lasts or what fees and withdrawal methods are available. In general, nothing that was not expected from such a company.
Anyway, if you check any other top-tier licensed exchange, you will realize what the difference is when it comes to transparency and security.
Customer Support
As can be seen, the company has been offering three ways of communication. Those are e-mail, live chat, and Telegram. Yet, working hours for any of those services are not disclosed.
Also, many traders reported a lack of professionalism and bad communication from the company’s support when they were looking for withdrawals. That’s quite a concerning fact if you are thinking of depositing with them.
Key Information To Consider About DIFX?
Firstly, the company is not an NFA member, as they claim. Secondly, they are changing their services every now and then. Lastly and most importantly, numerous traders revealed all the potential issues you can experience with this investment firm. If that’s a place where you want to put money, feel free to do so. But don’t say you were not warned.
However, we understand that many traders got tricked. In the first place, they thought it was all nice and shiny. It can happen to anyone. But once you realize it’s not what you applied for, you should apply for a refund immediately. If that’s your next move, contact us for detailed refund guidance.
FAQ Section
What is DIFX?
DIFX is a crypto exchange that is operated by DIFX Limited, a company with unknown headquarters and founders presenting itself as trusted and reliable.
Is DIFX a Legit Exchange?
No. The company is misleading traders for numerous things. Starting with the NFA membership. Not to mention they are not licensed to provide digital asset exchange services.
What is CipherTrace?
A tool that helps track stolen or lost crypto and prevent illegal activities. That’s CipherTrace. If you want to track your money, feel free to contact us and book your first meeting.
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