How to Get Started with Defcofx: A Complete Guide
If you are new to trading and want to know how to start with Defcofx, this guide is for you. Defcofx is a trading platform that helps people buy and sell in the forex market. It is made for both beginners and experienced traders. Defcofx is easy to use, has fast trade execution, low spreads, and gives you access to MetaTrader 5 (MT5).
This Defcofx guide will show you how to set up your account, use the platform, and place your first trade. It will also explain how to use MT5 and avoid common beginner mistakes. Let’s get started step by step so you can begin with confidence.
Why Choose Defcofx as Your First Broker
Before you jump into setting up your account, it’s good to know why Defcofx might be the right place to start. There are many forex brokers out there, but not all of them are made with beginners in mind. Defcofx is different because it makes everything feel simple and clear.
One of the best things about Defcofx is that it doesn’t try to confuse you with too many buttons or tools. Everything is easy to find. Whether you want to check your balance, open a trade, or ask for help, it only takes a few clicks.
Defcofx also helps new traders feel more confident by offering low spreads, which means you keep more of your money with each trade. There are no hidden fees, and you don’t have to worry about extra charges like swap fees. This makes it easier to manage your money while you learn.
Another reason to choose Defcofx is their fast support. If you have a question, you don’t have to wait long. The team answers fast and helps in many languages. This can be a big relief if something doesn’t make sense and you need help right away.
And let’s not forget about their high leverage options, up to 1:2000. That gives you the power to trade bigger with a smaller balance—just be careful with it as a beginner. Plus, if you deposit $1000 or more, you get a 40% bonus, which means you can trade with more money right from the start.
How to Start Trading with Defcofx: A Step-by-Step Guide
Getting started with Defcofx is easy, even if you’re new to trading. Below is a step-by-step guide that walks you through everything from account registration to placing your first trade using MetaTrader 5 (MT5). Follow each step carefully to ensure your account is properly set up and ready for the markets.
Step 1: Defcofx Registration Process
The first thing to do is open a Defcofx account. The Defcofx registration process is simple.
1. Simply look at the navigation menu—you’ll see a button labeled “Start Trading.” When you click it, a dropdown will appear. From there, click on “Open Live Account.”
2. After that, a form will appear. Follow these steps to complete it:
- Enter your first name and last name
- Provide your email address
- Set a password
- Fill in your address
- Enter your date of birth
- Provide your phone number
- Select your account type (e.g., Individual or Corporate)
- Complete the reCAPTCHA verification
- Click the “Open Account” button to submit the form
fter that, you will get a welcome email. Follow the instructions in the email to verify your account. This helps keep your information safe.
Step 2: Verify Your Account
To activate your individual trading account, you must upload both a photo ID and a proof of residency document.
Accepted Photo ID Documents:
- Valid Passport
- Valid Government ID (e.g., Driver’s License or State ID)
Valid National Identity Card
Accepted Proof of Residency documents:
- Utility Bill, Phone Bill, Bank Statement, or Government Tax Document
- All documents must be current and not older than 90 days
Once your documents are approved by our accounts team, you’ll receive an email confirming your account activation. After that, you’ll be able to fund your account by clicking on the Deposit Funds tab.
By law, we need to verify your identity and residence to provide you with a secure financial service.
Step 3: Open a Live Trading Account
Once your documents are verified, head over to the Trading Accounts tab to get started.
You’ll see four tabs:
- Live
- Demo
- Partner Accounts
- Referral Bonus Accounts
Your focus should be on the Live tab.
Click on the ‘Open Live Account’ button to begin the setup. After clicking the button, a form will appear.
Here’s what you’ll need to fill out:
- Trading Platform: Select MT5 (MetaTrader 5) as your platform of choice.
- Account Type: Choose from two available options:
- Silver Account
- Gold Account
- Currency: Pick your preferred trading currency from:
- USD
- EUR
- GBP
- Leverage: Select the leverage ratio that suits your trading style. Available options include:
- 1:1
- 1:25
- 1:100
- 1:200
- 1:400
- 1:500
- 1:1000
- 1:2000
Once completed, your live trading account will be created and will appear under the Live tab where you can view all key details like server, type, currency, and balance.
Step 4: Deposit Money Into Your Account
Now it’s time to add funds to your account. This money is what you will use to trade.
- Go to the deposit tab/section.
- Choose your payment method from Bitcoin, Instacoins, or Confirmo.
- Enter the amount.
- Click “Pay Now.”
Step 5: Explore the Defcofx Trading Platform
Once you have money in your account, you can explore the Defcofx trading platform. This is where you see charts, prices, and your trades.
Take time to click through the menus. You will see your balance, trading history, and tools. You don’t have to trade right away. Just look around and get used to the layout.
This is also a great time to read the beginner guide to Defcofx that’s available on the website. It explains the platform in a very easy way.
Step 6: Download MetaTrader 5 (MT5)
Defcofx uses MetaTrader 5. It is a powerful tool that helps you trade. Here’s how to get it:
- Go to the Defcofx dashboard.
- Click on the “Download MT5” tab.
- Select the platform you want to download for: Desktop, Mac, or Android.
- Open the file and install it.
Once installed, open the app and log in using the info from your Defcofx account.
Step 7: Set Up MetaTrader 5
After logging in, you’ll see the MT5 screen. There will be charts, market watch, and trade buttons.
To set up:
- Choose a chart and right-click to change its look.
- Use the “+” button to add indicators like RSI or moving average.
- You can open multiple charts to watch different pairs.
This setup is part of the Defcofx guide and helps you get ready to trade.
Step 8: Place Your First Trade
Now let’s start trading with Defcofx. To place a trade on MT5:
- Click “New Order.”
- Choose the pair you want to trade (like EUR/USD).
- Set the lot size.
- Click “Buy” or “Sell.”
Your trade will show up in the lower part of the screen. You can click it to close, change, or add a stop loss.
5 Tips for Beginner Traders
Trading is exciting, but take it slow. Here are 5 tips:
- Always use a stop loss.
- Never risk more than 1-2% of your money on one trade.
- Learn about different strategies before trying them.
- Keep a trading journal.
- Read news and updates on the Defcofx website.
These tips help you grow and stay safe.
Avoiding 5 Common Mistakes
Some beginners try to make fast money. This can lead to losses. Here are 5 mistakes to avoid:
- Don’t trade with emotions. Think calmly.
- Don’t overtrade. Two or three trades a day is enough.
- Don’t ignore your trading plan.
- Don’t use too much leverage without understanding it.
- Don’t forget to check the spread.
If you avoid these, you’ll be better than most new traders.
Getting to Know Your Defcofx Dashboard
After you log in to your account for the first time, you’ll see your Defcofx dashboard. This is the place where you manage everything. It shows your balance, your trades, and other important tools. Take a few minutes to look around.
You’ll see tabs like “Deposit,” “Withdraw,” “My Trades,” and “Contact Us.” The deposit tab is where you add funds. The withdrawal tab is where you take money out. “My Trades” shows your open and closed trades. “Contact Us” is where you can get help fast if you need it.
Everything is placed in a simple layout so you won’t get confused. You can also change your account settings or update your documents if needed. Knowing how to use the dashboard helps you feel more confident when you trade.
Understanding Your Account Types and Options
When you register with DefcoFX, you can choose between two account types designed to accommodate different trading styles and experience levels:
Silver Account
- Minimum Deposit: $50
- Leverage: Up to 1:2000
- Spreads: Starting from 0.5 pips
- Commission: None
- Maximum Trade Size: 2 lots per order
- Trading Platform: MT5
- Islamic Account: Available
- Swap-Free: Yes
This account is ideal for beginners seeking a low-cost entry point into forex trading.
Gold Account
- Minimum Deposit: $1,000
- Leverage: Up to 1:500
- Spreads: Starting from 0.5 pips
- Commission: None
- Maximum Trade Size: Unlimited
- Trading Platform: MT5
- Islamic Account: Available
- Swap-Free: Yes
The Gold Account is tailored for more experienced traders who require higher trade volumes and additional features.
Partnership and Bonuses
Introducing Broker (IB) Program
Defcofx Introducing Broker program allows partners to earn up to $3 per lot traded by clients they refer. This program is ideal for individuals or organizations looking to monetize their network by introducing new clients to Defcofx.
40% Welcome Bonus
Defcofx offers a 40% welcome bonus on your first deposit of $1,000 or more. This bonus is available for both Silver and Gold accounts and can enhance your trading capital. To claim the bonus, open an account, make the qualifying deposit, and contact DefcoFX’s live chat support.
Refer a Friend Program
Defcofx refer a friend program that rewards you with a 5% bonus based on every deposit made by each referred client. The bonus is credited to your account as “credit,” which can be used for trading purposes. To participate, you must be a registered and verified client, and your referrals must be new to Defcofx.
Conclusion
Getting started with Defcofx is easy when you follow the right steps. From signing up to placing your first trade, everything is built to help you learn. Defcofx gives traders a fast and easy platform with MT5, low spreads starting from 0.3 pips, and no extra fees. You also get a 40% bonus on deposits over $1000. With support in many languages and withdrawals completed in just 4 hours, even on weekends, Defcofx is a great choice for traders worldwide.
Now that you’ve seen how to start with Defcofx, you can trade with confidence and grow over time. Just take it one step at a time and use what you learn.
FAQs
What is the first step to start trading on Defcofx?
You need to sign up and verify your account. After that, you can deposit money.
Do I need to download software to trade?
Yes. You will need to download MetaTrader 5 to trade with Defcofx.
Is Defcofx good for beginners?
Yes. It is easy to use and has great support for new traders.
How long does it take to get my money after withdrawal?
Defcofx processes withdrawals within 4 business hours, even on weekends.
Is there a bonus for new traders?
Yes. If you deposit $1000 or more, you get a 40% welcome bonus.