Important Notice: Direct FX Trading Pty Ltd is not currently accepting new customers. Also, existing customers are only allowed to trade to the extent required to close their positions with us. All advising, dealing and market-making activities are currently suspended until we re-launch the business, subject to approval from the Australian Securities and Investments Commission (ASIC). It will be at least 10 weeks before we relaunch the business. If you are an existing customer and require assistance in closing your account or unwinding positions, please contact us on and our team is here to help you. We apologies for this inconvenience.
Where is your company located?

We are located at: DIRECT FX Trading Pty Ltd

Level 11

Suite 2 10 Bridge Street

Sydney, NSW 2000, Australia

What are your spreads?

DIRECT FX provides competitive pricing which means that you will see low spreads from top tier liquidity providers. The spreads are as low as 0.2 pips on the major currency pairs. The spreads are variable and not fixed. You can sign up for a demo account to view the market spreads.

*Spreads may widen further than 2 pips during certain market conditions and times of lower liquidity.

Why are your spreads so low?

We offer a multi-bank, institutional grade price feed to both retail and professional traders alike. We are able to do this because we charge a small commission. Our business model is based on providing excellent execution. We feel that charging a small commission allows us to offer better execution.

What is your leverage?

Accounts are set with a default leverage of 200:1, but can be adjusted up to a maximum of 400:1. Simply complete the FLEXI LEVERAGE CHANGE FORM under the All Forms section and email it to

Is scalping allowed?

Yes, scalping is allowed in scalping authorized accounts.

Is hedging allowed?

Yes, hedging is allowed on our MT4 platform.

What are your commissions?

We do not charge commissions on our regular Metatrader 4 account. All commissions are included in the bid/ask spread. We feel that our pricing is perfect for customers that use EAs and that our pricing is more competitive than most brokers. For CQG FX accounts we display raw rates we receive from our liquidity providers, and there is a $7.00 per 100k round turn commission charge.

What kind of support do you provide?

We provide 24 hour support via phone, email, Skype and Live Chat. We will respond to your email in 1 business day or less. You can also contact our office via phone at +61 2 8038-5093 24 hours per day.

Do you charge a monthly fee for trading?

No, there are no monthly fees.

Do you have a platform fee?

No, there are no fees for our platforms.

Is the FIFO rule applicable?


How are you related to companies that sell Expert Advisors?

We are preferred brokers for many companies that create Expert Advisors, because we understand how to set these products up on the MT4 platform, and we can identify if they are operating properly. We provide our clients with support in setting up Expert Advisors on MT4 and for all general inquiries about FOREX trading. We do not provide recommendations, or advise on which Expert Advisors work the best and we do not sell Expert Advisors. All Expert Advisors are purchased through third party companies that are not associated with We do not test Expert Advisors and we do not guarantee the results of any of these systems.

Do you have gold and silver trading?

Yes, we currently offer gold and silver for our live account holders on MT4 with the same low spreads and excellent execution.

Do you allow news trading?

Yes we allow trading around news releases. Please note that spreads and liquidity conditions may vary during these events.

Do you have block trading ability?

Yes, we provide a block/PAMM master trading account for asset managers and institutions.

How long have you been in business?

DIRECT FX was Incorporated in 2006. DIRECT FX Principle Partners have been in the trading business for over 40 years combined.

Demo Trading Account
How do I sign up for a demo account?

Click here to be taken to the DIRECT FX online, demo account sign-up form. Once you fill out the form it will bring you to a screen to download our platform. Simply save or run the application file and you can start trading with a practice account right away.

Am I charged a monthly fee or commission when I trade on a demo account?

No, the demo account is for practice only. The charts are updated in real-time but you are not charged any fees for signing up for a demo account.

Can I create more than one demo account?

There is no limit on how many demo accounts you can create. If you are having trouble connecting to your demo account or lose your login information, you can create a new demo account. Simply go to File > Open an account and create a new demo account.

Does a demo account ever expire?

Yes, demo accounts will automatically delete off of our server within 30-60 days from the date of creation. In some instances, this occurs earlier. Feel free to establish a new demo account if your previous account expires. Simply go to File > Open an Account and create a new Demo account.

How do I add more funds to my demo account?

You can add funds to a demo account if you run out of funds. From within the MetaTrader platform, simply go to File > Open an Account > Deposit (use the drop down arrow) > Check Subscribe to Newsletters > and then click Next.

Live Trading Account
Where can I sign up for a live account?
What information do I need to provide for my live account?

Keep in mind that you are opening an account with an investment firm and the process is very similar to opening a regular bank account. You will need to fill out the appropriate online or paper account application to open your account. You will then need to provide the new accounts division with any additional information that they may require. Please follow the instructions thoroughly. These are found in our live account application. Within 24 hours, you should receive an email from our new accounts division with details in regards to the remaining documents that you will need to send in order to get started.

Can I trade on my live account if the funds have not been deposited or are in the process of being deposited?

You need to have funds in your account in order to trade. If you sent a wire transfer or credit card payment, please wait until the account balance is updated prior to attempting a trade. You can view your available balance by logging into your live account. You will also receive an email when your account is released to trade live.

Can my account ever go negative?

Yes, however this rarely happens. If trades are going against you and you do not have enough margin in your account then your positions will be closed when the margin hits 0. You should monitor the available margin closely on your platform to make sure your positions are not closed out if you would like to stay in the positions.

Can I trade micro lots on a live account?

Yes. We offer micro, mini, and standard accounts on MT4 and Tradable. CQG FX allows mini and standard lots.

What is the minimum lot size?

The minimum lot size is 0.01 (1,000 units) on MT4 and Tradable. The minimum lot size on CQG FX is 0.10 (10,000 units).

What is the maximum lot size?

There is no maximum lot size.

What kind of support do you provide?

We do not charge commissions on our regular Metatrader 4 account. All commissions are included in the bid/ask spread. We feel that our pricing is perfect for customers that use EAs and that our pricing is more competitive than most brokers. For CQG FX accounts we display raw rates we receive from our liquidity providers, and there is a $7.00 per 100k round turn commission charge.

New Accounts
How long does it take to setup a live account?

Once the online application is submitted, it takes about 1 business day to be processed. If some portions of the application are left incomplete or certain documents have not been received it may delay the process. If you are beyond the average 2-3 business day wait period and have yet to receive confirmation, you may consider contacting us to review your application status.

How would I know if the account has been setup?

We will email you a live account username and password after the account is approved and funded.

How soon can I start trading after my new account is setup?

Once funds are deposited into your account you will be able to trade.

Do you have any instructions on how to use MetaTrader?

Our Support page contains tutorials that will guide you through the process of how to use MetaTrader.

What is CQG FX?

CQG FX is the latest trading platform in the Forex Industry. It was custom built for Direct FX by CQG. The platform is designed with advanced features not commonly found in Forex.

What education do you provide on CQG FX?

Direct FX provides our clients multiple sources of education for CQG FX. We host webinars, provide written documentation, and have Youtube Videos. Click HERE to visit our Youtube Channel Playlist on CQG FX.

Why can't I execute 0.1 or 0.01 lots on CQG FX?

To simplify trading on CQG FX all 1 lots are set at $10,000. To execute a $100,000 order simply input 10 into the order window.

What is the minimum trade size?

The minimum trade size on CQG FX is $10,000. $10,000 = 1 lot in CQG FX

What are the contract specifications?

1 lot is equal to $10,000 on all FX pairs. 1 lot on Gold is equal to 10 ounces. 1 lot on Silver is equal to 500 Ounces.

Are there CFDs on CQG FX?

We are working hard to provide CFD trading on CQG FX. Currently there are over 40 FX pairs and spot gold and silver available for trading.

What computer requirements are there to run CQG FX on my computer?

Click HERE to view computer specifications for CQG FX.

Can I Automate my trading strategy on CQG FX?

Yes, automated strategies are easily added to CQG FX through the “Common Sense” language. This language is designed to be simple to use. Click HERE to watch a tutorial on how to add automated trading strategies to CQG FX.

Can I transfer funds to CQG FX from my existing MT4 Account?

Yes, simply email and request to transfer the funds.

Deposit / Withdraw Funds
What is the minimum amount needed to fund a live account?

We require new clients to fund a live account with a minimum of $100 USD for MT4 and Tradable and $500 for CQG FX.

Is there a minimum I have to keep in an account after my initial $100 USD minimum deposit?

No. However in order to place a trade you must have enough money in the account to meet the margin requirements of the trade.

How do I withdraw money from my account?

You can withdraw funds from your account via any one of the methods we provide.

How long does a wire transfer take to post to my live account?

Funding your live account via wire transfers can take 24-36 hours. This is the fastest way to deposit funds in your account.

How long does a deposit of funds via credit card take to post to my live account?

Funding your live account via credit card can take 3-5 business days.


Foreign Exchange trading involves substantial risk of loss and is not suitable for all investors.

RISK WARNING: Trading of foreign exchange contracts, contracts for difference, derivatives and other investment products which are leveraged, can carry a high level of risk. These products may not be suitable for all investors. It is possible to lose more than your initial investment. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. All funds committed should be risk capital. Past performance is not necessarily indicative of future results. Please read the PDS and FSG before making any decision to trade Direct Fx products. The risks must be understood prior to trading.

DISCLAIMER: Direct FX refers to Direct FX Trading Pty Ltd. Direct FX Trading Pty Ltd is an Australian company which is registered with ASIC, ACN 120 189 424 and possesses Australian Financial Services License number 305539. AFS License only authorities the licensee (Direct FX Trading PTY LTD) to carry on a financial services business in Australia, limited to providing the financial services covered by the license. The AFS license and Australian regulation only applies to the financial services provided to Australian investors only.

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