DIRECT FX Review 2025: Is This Forex Broker Safe?

DIRECT FX is a forex broker established in 2017 and headquartered in Hong Kong. While the firm offers digitized account opening and multi-channel customer service, the broker currently holds a dangerously low WikiFX Score of 1.62. This poor rating is primarily driven by its unverified regulatory status, making it a highly questionable choice for prospective traders.

Pros and Cons of DIRECT FX

• ✅ Offers MetaTrader 4 (MT4) alongside a specialized CQGFX account.
• ✅ Provides customer support in both English and Simplified Chinese.
• ✅ Allows Expert Advisors (EA), hedging (lock positions), and scalping.
• ❌ Unverified regulatory status with the Australian Securities & Investments Commission (ASIC).
• ❌ Extremely low WikiFX score of 1.62 out of 10.
• ❌ The CQGFX account requires a massive minimum deposit of $50,000.

Regulation and License Safety

Operating safely in the financial markets requires verifiable oversight from respected financial authorities. Unfortunately, DIRECT FX falls significantly short of this standard.

Risk Warning

The broker lists a license from the Australia Securities & Investments Commission (ASIC, Regulation Number: 305539) under the organization name “DIRECT FX TRADING PTY LTD.” However, data strictly flags this license as Unverified. Doing business with an unverified or unregulated entity carries serious dangers, as there are no guaranteed protections for client funds in the event of insolvency or malpractice.

Forex Trading Conditions and Fees

DIRECT FX offers two distinct account types with vastly different conditions, allowing for flexible trading strategies including EA automated trading and scalping. Both accounts process fund transfers via Wire Transfer and UnionPay.

Account Types and Minimum Deposits

The broker segments its offering into the CQGFX account and the MT4 account. The CQGFX account functions as a high-tier option requiring an unusually high minimum deposit of $50,000 with a minimum trade volume of 0.1 lots. In contrast, the MT4 account is geared toward retail traders with a more accessible $500 threshold and a 0.01 lot minimum trade size.

Leverage

Traders using the CQGFX account can utilize leverage up to 100:1 across forex and futures. The MT4 account provides much higher leverage limits, allowing traders to leverage their capital up to 400:1 for forex, precious metals, crude oil, and CFDs.

Spreads

The cost of trading varies depending on the chosen account type. The CQGFX account features floating spreads as low as 0 to 0.4 pips for the primary EUR/USD pair. The MT4 account comes with wider floating spreads, generally ranging from 1.8 to 2.0 pips for the same pair.

Platforms

DIRECT FX relies on the industry-standard MetaTrader environment for its retail offering. Traders can access the markets via the DIRECT FX login on the MT4 platform to manage positions, view real-time pricing, and execute trades seamlessly.

Final Verdict

Based strictly on the available data, DIRECT FX is an unverified broker with a concerning WikiFX score of 1.62. While the inclusion of MT4 and varied leverage structures might look conventional on the surface, the lack of verifiable regulatory oversight from ASIC overshadows any potential benefits. The steep $50,000 entry point for its premier account and lingering doubts about its licensing make it a highly risky option.

To stay safe and view the latest regulatory certificates, check DIRECT FX on the WikiFX App.