The Ultimate DXtrade CFD Review: Pros, Cons, and More

Last updated on February 12, 2024

So, you want to become an FX/CFD broker?

And you’re wondering which trading platform provider to choose?

Great!

Having a solid trading platform is the engine behind your CFD business. And that’s why you’re here. To dive into the world of DXtrade and learn everything there is about this SaaS platform.

Whether you’re already an established broker (or you’re just starting out), you’ll find this DXtrade CFD review valuable and informative.

So, let’s get started.


What you'll learn:

β“΅ The company behind DXtrade CFD

DXtrade CFD is a trading platform (by Devexperts) that offers FX/CFDs and spread betting to B2B clients worldwide.

Powered by a team of experienced professionals with a passion for technology and finance. The company was founded back in 2002 with the goal of powering the financial industry with state-of-the-art technology.

With over 20 years of experience, the team behind DXtrade CFD understands the needs and challenges faced by traders and has designed its platform to meet these needs.

The company operates on a global scale and is committed to providing a high-quality and reliable trading platform to brokers around the world. The headquarters are in Germany and there are sales offices around the world including the Americas, EMEA, UK, Turkey, and APAC.

With a focus on customer satisfaction, the company is dedicated to providing a seamless trading experience to all of its users.

Onwards.


dxtrade cfd review
DXtrade CFD Platform

β“Ά DXtrade CFD platform features and functionality

Are you curious about the key features and functionalities of DXtrade CFD?

Well, you’re in luck because, in this chapter, we’ll take a deep dive into what makes this trading platform stand out from the rest.

❖ Tools for all: From beginners to pros

DXtrade CFD offers a wide range of features and functionalities that cater to the needs of traders.

From advanced charting tools and customizable dashboards to automated trading strategies and seamless integration with popular payment methods, the platform has it all.

β—† Advanced charting tools

One of the key factors that set DXtrade CFD apart from other trading platforms is the advanced charting tools. This feature allows traders to:

  • Track their positions
  • Analyze market trends with ease
  • And open/close trades right from the chart

All this can be done by using a variety of:

  • Technical indicators (90+)
  • And advanced drawing tools

To add indicators and drawing tools simply click on the right-hand icon (as shown below). And then simply go to the indicators or drawing tools and choose the ones you want to add. As simple as that.

drawing tools and indicators of dxtrade cfd
Drawing tools and indicators

Traders also have direct access to the economic calendar (shown below) where main events are shown and simply explained (along with the implied volatility). So that they can prepare and adjust their trading strategies accordingly.

economic calendar from dxtrade cfd
Economic calendar

Whether you’re looking to attract beginner or seasoned traders, these tools will help your clients make informed decisions and maximize their profits.

In addition, the platform allows traders to use both technical and fundamental analysis tools, depending on their trading style. This means that you can cater to a large array of traders and investors. And thus, maximize your earning potential as a broker.

β—† Customizable dashboards

Another important aspect of the platform is the customizable dashboards. This feature allows traders to personalize their trading experience by creating a dashboard that suits their exact needs and preferences.

Traders can save their customized layout by clicking at the top right (as shown below):

save your layout
Save your layout

The customizable dashboards make it easy for traders to manage their trades and stay on top of the market by choosing from a minimalist approach or a more comprehensive overview of their positions.

There is also the option to choose between a dark or light theme which is so popular these days. You just need to click on the icon as shown here:

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enable dark mode
Dark or light theme

β—† Automated trading strategies

DXtrade CFD also offers a range of automated trading strategies, which can be used to execute trades based on your desired parameters. This feature is particularly useful for traders who want to take advantage of market opportunities while minimizing their workload.

You can use a pre-set strategy or create your own. The point is that automated trading strategies will help your clients trade with confidence and efficiency.

β—† Seamless integration with PSPs

Finally, DXtrade CFD offers seamless integration with payment service providers (PSPs). This means that you can manage your funds and execute trades directly from your trading platform (without the need for multiple logins or separate accounts).

If you’re looking for a simple and convenient solution for managing your funds (or you want to streamline your trading process) the seamless integration with PSPs makes it easy to get the most out of your trading experience.

β—† 4 order types

Traders can choose from 4 different order types:

dxtrade cfd trade types
Order types

β—‡ Market orders

Market orders instruct the broker to execute a trade immediately at the current market price. This means that the trader is willing to accept the current price available in the market to buy or sell a security.

Market orders prioritize speed of execution over the price of the trade and are typically used when a trader wants to quickly enter or exit a position in the market.

β—‡ Limit orders

A limit order is a type of order that allows traders to set a specific price at which they want to buy or sell an asset.

For example, if a trader wants to buy a currency pair, they can set a limit order at a certain price and the trade will only be executed when the price reaches that level.

β—‡ Stop orders

A stop order is a type of order that is executed when the price of an asset reaches a certain level.

For example, if a trader wants to sell a currency pair, they can set a stop order at a certain price and the trade will be executed when the price reaches that level.

β—‡ OCO orders

OCO stands for “One Cancels the Other.” An OCO order allows traders to set two orders simultaneously, with the execution of one order canceling the other.

This type of order is useful for traders who want to limit their potential losses or lock in profits without having to constantly monitor the market.

For example, a trader can set a sell limit order and a sell stop order at different prices, and whichever order is executed first will cancel the other.

But how does DXtrade CFD compare to other similar platforms in the market?

Let’s find out.


β“· DXtrade CFD and the competition

MetaTrader and cTrader are both popular trading platform providers in the market.

❖ MetaTrader (by Metaquotes)

In comparison to MetaTrader, DXtrade CFD offers a more user-friendly interface and customizable dashboards. Additionally, it has a wider range of advanced charting tools and automated trading strategies.

On the other hand, MetaTrader has a larger community of users and a wider range of third-party plugins and add-ons.

It’s worth noting that Apple has recently removed MetaTrader apps from their App Store.

Here are real testimonials on Trustpilot from traders using MetaTrader.

❖ cTrader (by Spotware)

When it comes to cTrader, DXtrade CFD offers a more intuitive and accessible platform for novice traders. Additionally, it has a more comprehensive suite of advanced charting tools and a wider range of automated trading strategies.

On the other hand, cTrader has a wider range of supported instruments and a stronger reputation in the market.

One noteworthy con for cTrader is the fact that it’s hosted on the Spotware network. If anything were to happen to that network then you’d have significant downtime until resolved.

You can read real testimonials from traders using cTrader on Trustpilot.

It’s important to note that each platform has its own strengths and weaknesses and the best choice depends on the individual trader’s needs and preferences.

For example, one might prefer the interface of one over the other. Or it could also be that there would be less connectivity and fewer integrations of one platform than others. And so forth.

So, what are the real benefits of using DXtrade CFD?

❖ User-friendly interface

Well, one of the standout features of this platform is its user-friendly interface and easy-to-navigate design. You’ll find that the platform is intuitive and straightforward, making it easy for your clients to get started with online trading.

Which is usually what holds them back (especially at the beginning). Let’s make one thing clear. Trading is hard. And it doesn’t need to be any harder by using a complicated platform.

Nobody wants to switch to a trading platform that makes it even harder. So an intuitive interface is crucial. Never forget that.

❖ Flexible and scalable

Another key advantage of DXtrade CFD is its flexibility and scalability. Whether you’re a small brokerage firm (or a large institution), you can easily customize the platform to meet your specific needs.

This includes the ability to add new tools and features as your business grows, ensuring that you always have the tools to grow and scale your business.

❖ DXtrade instruments

For starters, traders have access to a wide range of trading instruments, including CFDs on:

  • Currency pairs (Forex)
  • Digital coins (Crypto)
  • Commodities
  • Indices
  • Stocks

From the platform, you can simply search and add to your favorites (from a list of several asset classes) as shown below:

This means that your clients can diversify their portfolios and trade in a variety of markets with ease. DXtrade also offers another platform β€” DXtrade XT β€” that allows real stock trading too (more on that later on).

FX/CFDs (Forex/Contracts for Difference) and spread betting are two of the main instruments offered by DXtrade CFD.

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β—† FX/CFDs

FX/CFDs are financial derivatives that allow traders to speculate on price movements of various financial instruments (including FX, Stocks, Crypto, Commodities, and Indices) without actually owning the underlying asset.

Traders can take a long or short position and profit from both rising and falling prices.

β—† Spread betting

Spread betting is a tax-free financial derivative that allows traders to speculate on the price movement of financial instruments without actually owning the underlying asset.

It’s very similar to FX/CFDs in that traders can take a long or short position and profit from both rising and falling prices.

The only difference between spread betting and FX/CFDs is that spread betting is tax-free in some countries (like the UK and Ireland).

❖ STP and/or B-book mode

DXtrade CFD offers both Straight Through Processing (STP) and B-book mode to potential brokers when partnering with them.

This means that potential brokers have the flexibility to choose between routing all trades directly to the market (through STP) or keeping some of the trades on their own books (through B-book mode).

The advantage of this is that you (as a potential broker) can choose the option that best fits your business model and risk management strategy.

With STP, you can benefit from transparent pricing and reduced risk. With B-book mode, you can potentially earn more profit by taking on some of the market’s risk yourself.

The ability to choose between STP and B-book mode puts you in the driver’s seat. So that you have full control over your business. And tailor your services to meet the needs of your clients.

❖ Take DXtrade in-house (if you want)

DXtrade gives you the option to own the source code and take everything in-house if you wanted. What this means is that you can gain full control without worrying about changes in the trading platform.

You can make improvements as you see fit. And help serve your clients better. And the best part is that you can avoid vendor lock-in by opting for this option too.

☞ In short, the platform features and functionalities of DXtrade CFD offer traders (and brokers) a wealth of benefits, making it a great choice for anyone looking to start their own brokerage firm.

Moving on.


β“Έ User experience and navigation

You can see the YouTube presentation or keep reading along to see how you can navigate, place a trade, manage your positions, and more.

enable one click trading
Place a trade in 3 easy steps

❖ How to place a trade with DXtrade CFD: As easy as 1-2-3

Enable one-click trading

β—† Step 1: Enable one-click trading

Click on the one-click trading as shown above. This will enable super fast trading and let you place a trade just with the click of a button.

Select your asset and trade size

β—† Step 2: Choose your asset and trade size

Once you select your preferred asset, click on the drop-down menu and choose the trade size. In the above example, the micro lot is selected (0.01 lot) for the EUR/CAD pair.

Click on buy or sell

β—† Step 3: Click on the buy or sell side

Just click on the buy or sell side depending on whether you want to go long or short. And that’s it. Your open positions will now show in the positions tab.

❖ Web, mobile, and more

DXtrade is available on web and mobile too. This makes it easy for traders β€” of all levels β€” to use the platform.

Beginners usually start with the mobile version (which is usually more intuitive and clean-looking). And then (as they advance their skills) they grow into the full web version that enables a lot more tools and functionality β€” depending on their trading style.

β—† How to place a trade with the mobile app

download dxtrade from app store
Download DXtrade app

β—‡ Step 1: Download the app

To download the app just go to App Store or Google Play. Then click on download.

enable one click trading on the app settings
Enable one-click trading

β—‡ Step 2: Enable one-click trading

To enable one-click trading from the app just go to settings and under trading mode, you’ll find the one-click trading option. Enable that and you’re good to go.

execute your strategy
Select your asset, trade size, and buy or sell

β—‡ Step 3: Choose an asset, trade size, and click on buy or sell

Once you select your asset and trade size, click on buy or sell. And your order will be executed (as pictured above).

If you want to change the order type, click on the trade button at the right top. Then you’ll be able to select from the drop-down menu as shown below:

order types on mobile
Order types on the DXtrade CFD app

To close a position, simply click on it through your positions tab on web (or under the portfolio tab on mobile). And then just click on “close position” as shown below. You can also add take profit/stop loss if you click on modify.

closing positions on dxtrade cfd app
Closing positions on mobile

Adding symbols to your favorites is pretty straightforward too. Just click on the little star next to the asset of your choice as shown below.

adding symbols to favorites
Adding favorites

As a broker, you have access to Management Console and Dealing Console too. These tools will help you manage your daily operations (while managing risk) and much more.

Next.


β“Ή Customer support and education

Devexperts provides comprehensive customer support and a plethora of educational tools (including whitepapers and eBooks) to all brokers.

You can reach one of their offices as shown here:

dxtrade creator (devexperts) offices
Devexperts’ Offices

All in all, the customer support and education options offered by DXtrade make it a great option for brokers who are looking for a turnkey solution. And want to offer a comprehensive trading experience to clients so that they feel confident and well-supported when using the platform.


β“Ί Pricing and fees

DXtrade CFD offers a competitive pricing and fee structure for its clients. The platform operates on a commission-based model. This makes it accessible to brokers of all levels (from start-ups to established ones).

You can request a quote directly from here.

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Or call one of their sales offices here:

Americas: +1 201 685-9280

Central and Eastern Europe: +359 887 400 907

DACH: +49 (0) 89 262-077-349

Turkey: +90 216 528-2121

UK: +44 (20) 3095 2920

Asia: +65 90234274

☞ Overall, the pricing and fee structure of DXtrade CFD is designed to offer value for money to its clients. With low spreads, negative balance protection, and a range of advanced trading tools and resources, the platform provides traders with the tools they need to succeed in the fast-paced world of FX/CFD trading.

Onwards.


β“» Safety and security

When it comes to trading, safety and security are paramount concerns for traders (and brokers).

DXtrade CFD understands this and has taken measures to ensure that its platform is secure and protects traders’ funds and personal information.

❖ Security measures

DXtrade CFD has implemented industry-standard measures to ensure the safety and security of traders’ funds and personal information.

These measures include encryption for all data transmission, secure storage of personal information, and regular monitoring for suspicious activity. The platform also implements strict verification processes for new accounts to prevent fraudulent activity.

❖ Protection of traders’ funds and personal information

DXtrade CFD takes the protection of traders’ funds and personal information seriously. The platform uses secure storage systems to protect traders’ funds and personal information.

Additionally, the platform implements encryption for all data transmission to ensure that sensitive information cannot be intercepted by unauthorized individuals.

☞ In conclusion, the safety and security measures in place on DXtrade CFD are designed to protect traders’ funds and personal information. The platform implements industry-standard measures to ensure that traders can feel confident in the safety and security of their funds and personal information when trading on the platform.


dxtrade trading platforms
DXtrade Platforms

β“Ό Other leading platforms from DXtrade

Devexperts offer 2 more reliable trading platforms for those brokers who wish to offer Crypto and Stock trading to their clients.

❖ DXtrade XT

DXtrade XT is a solid choice for adding ETFs and equities (Stocks) to your arsenal. Traders can buy whole or fractional shares of their favorite companies. This enables beginners or traders with small capital to get into the world of stock trading.

If, for example, a single share of your favorite company is trading at around $500,000 (like BRK.A), you can simply buy a fraction only.

❖ DXtrade Crypto

DXtrade Crypto enables brokers to offer both spot and leveraged (derivatives) Crypto instruments. This makes it an ideal choice for those start-ups who wish to focus on Crypto alone or for established brokers who want to expand their offering.


β“½ You + DXtrade CFD = Success

You β€” and every broker β€” face many pain points including:  

  • High fees
  • Unfamiliarity with newer platforms
  • Fear of legacy software and technology becoming obsolete

And as a broker you also want to:

  • Make more money
  • Gain credibility as a broker
  • Attract and keep quality traders

And that is exactly what you’ll get from DXtrade CFD. And much more.

You’ll get a lifelong partner that cares about helping you overcome your challenges such as:

  • Rising above the competition and growing at a rapid clip
  • Reducing customer churn and keeping it to the minimum
  • Improving customer value proposition faster than the competition

DXtrade CFD can also help you achieve your hopes and goals of:

  • Becoming and staying an established broker
  • Offering a solid online trading experience
  • Attracting better-paying clients
  • Increasing your revenues

You’ll also gain access to everything DXtrade has to offer. From your own branded apps and comprehensive reporting to an unlimited number of symbols, accounts, groups, all screens, and all types of trading (including manual, copy, and algo).

So, in a nutshell, this is why you should consider DXtrade CFD:

  • Low setup (and running) cost
  • Go live in less than a week
  • Receive 24/7 support from Devexperts
  • Liquidity agnostic (meaning you can choose any Liquidity provider)
  • Reliable infrastructure hosted in AWS (or on-premise)
  • Native iOS/Android mobile apps

This will enable you to unlock untapped market opportunities. Traders just love it when they have more options. And so will you. 


β“Ύ Top 10 FAQ on DXtrade CFD

❖ What types of trading instruments are available on the DXtrade CFD platform?

The DXtrade CFD platform offers FX/CFDs and spread betting for traders to speculate on.

❖ Is DXtrade CFD user-friendly and easy to use?

Yes, the platform is designed with a user-friendly interface and easy navigation for a seamless trading experience.

❖ Does DXtrade CFD offer advanced charting tools and customizable dashboards?

Yes, the platform offers advanced charting tools and customizable dashboards to help traders form and execute their trading strategies.

❖ Is the platform safe and secure?

Yes, the DXtrade CFD platform implements strict safety and security measures to protect traders’ funds and personal information.

❖ What support options are available on the platform?

The DXtrade CFD platform offers a range of customer support options, including live chat and email support, to ensure traders have access to the help they need. There is also Devexa the chatbot integration for instant support.

❖ Does the platform offer educational resources to help traders?

Yes, the DXtrade CFD platform offers a range of educational resources, including tutorials and webinars, to support traders in their decision-making.

❖ What’s the pricing and fee structure of the DXtrade CFD platform?

You can request a demo or contact DXtrade directly for a quote.

❖ Does the platform support automated trading strategies?

Yes, the DXtrade CFD platform supports automated trading strategies to help traders make informed decisions.

❖ Can traders access the platform from any device?

Yes, the DXtrade CFD platform is accessible from any device with an internet connection, allowing traders to trade on the go.

❖ Does the platform offer seamless integration with payment service providers (PSPs)?

Yes, the DXtrade CFD platform offers seamless integration with PSPs (and liquidity providers/banks through Your Bourse) to streamline the deposit and withdrawal process.


Final thoughts

So, there you have it.

Devexpert’s SaaS product β€” DXtrade CFD β€” makes it easy, safe, and secure to offer a first-class trading experience with zero downtime. So that you can attract and keep quality traders.

While continually improving your customer value proposition (better and faster than your competition). 

DXtrade CFD tech solution provides a robust and feature-rich platform. It has everything you need to start your own brokerage firm. And offer an optimal trading experience to your customers.

From advanced charting tools, customizable dashboards, and automated trading strategies to seamless integration with PSPs, and a wide range of instruments for FX/CFDs (and spread betting for UK and Ireland clients).

DXtrade can help you provide a user-friendly interface, responsive customer support, and educational resources to all your clients β€” while protecting traders’ funds and personal information.

This means that you can:

  • Attract and retain quality clients
  • Offer a plethora of advanced trading tools
  • Differentiate from the competition
  • And customize the platform as you wish

However, personally, I have to admit that I prefer the mobile version to the web one. It’s a lot cleaner and easier to use. I rarely day trade (most of my positions are held for the long term). And the additional cluster of the web version is just not my cup of tea.

Also, I couldn’t find most of the cloud stocks that I was looking for (NET, SNOW, etc). So, this might have to do with the fact that DXtrade XT is more focused on equities instead.

All in all, DXtrade CFD can be a valuable option for potential brokers looking for a reliable and efficient trading platform. Request your demo today. And see first-hand if the exhilarating world of DXtrade can help you reach your business goals.


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Pavlos Written by:

Hey β€” It’s Pavlos. Just another human sharing my thoughts on all things money. Nothing more, nothing less.