Derby Forex

Note: For some unknown reason, we cannot open Derby Forexs official site (https://derbyfx.com/en) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

Derby Forex is allegedly a global online trading provider registered in the United Kingdom that claims to provide its clients with a variety of tradable financial instruments with flexible leverage up to 1:800 and variable spreads from 0.7 pips on the state-of-the-art MetaTrader4 trading platform, as well as a choice of three different live account types.

As for regulation, it has been verified that Derby Forex does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.28/10. Please be aware of the risk.

Market Instruments

The supposed available assets at Derby Forex are forex currency pairs, commodities (precious metals, energy), indices, stocks, cryptocurrencies, and probably other unrevealed CFDs.

Account Types

Apart from demo accounts, Derby Forex claims to offer three types of trading accounts, namely Standard, Silver and Gold. The minimum initial deposit amount is only $50 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $1,000 and $5,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can experience leverage of 1:400, the leverage on the Silver account can be stretched up to 1: 400 - 1: 600, while the Gold account can be stretched up to 1: 400 - 1: 800. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Derby Forex claims that different account types can enjoy quite different spreads. Specifically, the spread on the Standard account starts from 1.3 pips, the Silver account has spread from 0.9 pips, while only the Gold account holders can enjoy spreads from 0.7 pips.

Trading Platform Available

The platform available for trading at Derby Forex is the worlds most widely-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Derby Forex appears to accept bank transfers, credit/debit cards, Skrill, Neteller, PayPal, PayU, and Bitcoin. The minimum initial deposit requirement is said to be only $50.

Customer Support

Derby Forexs customer support can be reached by telephone: +44 1332 323020, email: info@derbyfx.com. Company address: The Hideout, 9-11, Market Place, Little Chester, Derby, England, United Kingdom; Office number 2731,27th floor, Main Tower, Neue Mainzer Str. 52-58, 60311 Frankfurt am Mai.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.