RECOMMENDED FOREX BROKERS
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Earlier this week Australian forex brokerage DirectFX announced that due to its partnership with investing and financial education provider DriveWealth, it launches exchange-listed US equities and futures trading on MetaTrader 4.
The platform will utilize oneZero’s routing technology to offer American equities through DriveWealth while Direct FX will handle futures, foreign exchange, CFDs and binary options trading. In fact, DirectFX is one of the few brokers that offers binaries on the MetaQuites’ platform.
“Our clients really appreciate having access to true exchange-traded Equities and Futures on the world’s most trusted exchanges such as the NYSE, NASDAQ and CME”, commented Joe O’Mara, Direct FX CEO.
Robert Cortright, founder and CEO of DriveWealth, said: “DriveWealth’s mission is to enable global access to US equities. We are thrilled to work with Direct FX and OneZero to offer international traders access to equities for the first time on MetaTrader 4“.
Direct FX, however, does not target United States residents, since the company is not regulated by the respective US authorities – FMA & CFTC. After the Dodd–Frank Act was passed only US regulated brokers are allowed to deal with US forex traders.
Despite adding U.S. equities and futures to its MT4 offering, DirectFX has also increased its minimum initial requirement to $250 (from $100), which makes sense, since it provides its clients with more trading options. The broker has also revamped its website.
DirectFX is an Australian forex broker brand belonging to Direct FX Trading PTY LTD. The company is in business since 2006 and is regulated by the Australian Securities and Investment Commission (ASIC). It offers trading in wide range of financial intruments, including forex, CFDs, precious metals, binary options, equities and futures on two trading platforms – the ever popular MetaTrader 4 and CQG.
DriveWealth is a mobile investing platform that offers a selection of US listed securities (stocks and ETFs). Its parent company, DriveWealth, LLC, is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).