Destek Markets Review –  Forex and CFD Online Trading

Looking for the best forex broker? Your search is over. Read our Destek Markets review to evaluate the pros and cons of this online forex broker and choose on the basis of data if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.

Destek Markets Review

Destek Markets Ltd is a British company that opened in 2017, specializing in retail trading of Forex and CFD markets. The company is regulated by the Financial Conduct Authority of the United Kingdom, which is crucial for safety. It should be noted that as of October 26, 2018, the company is now owned by Britannia Financial Group Limited, rebranding the company as Britannia Capital Markets Limited. This should open up more professional and institutional business for the brokerage and is not expected to change the retail side of the business.

Trading accounts

Destek offers both a Mini account and a Standard account. Both of these accounts require just $100, €100, or 100 British pounds as an opening deposit. This gives quite a few different traders the ability to trade here, and it should be noted that the accounts both are market maker and STP accounts. Unfortunately, Americans are not accepted, as regulatory issues in America because so many headaches for foreign brokerages.

The company

Destek was founded in 2017 but has since been bought out by the Britannia Financial Group Limited and is in the process of being rebranded. They are FCA regulated and have a presence in the City of London. They are highly regulated, use segregated funds, and are continually trying to improve their technologies.

Trading conditions

Initial deposit

Destek allows traders to get involved in the markets by opening up with as little as $100, €100, or 100 British pounds as the opening deposit. This allows for multiple base currencies, but quite frankly the greatest thing that it does is lower the bar for entry.

Spreads and conditions

Destek offers tight spreads in their markets, typically less than most other brokerages. It is because of this that a lot of people find the situation here quite favorable. Micro lots are available, with a variable spread type. There are no commissions, and the average spread on the EUR/USD pair is 1.6 pips.

Leverage

Destek offers large leverage, such as 1:200 in the Forex market. The CFD markets typically offer 1:20 leverage, of course depending on which market you are trading. Because of this, you have the ability to make quite a bit of profit with just a small amount of margin. Obviously though, your losses can also be greatly enhanced using leverage.

Trading platforms

Destek offers world renowned MetaTrader 4, which of course most of you should be familiar with. This gives you the ability to trade on desktop or mobile and using expert advisors and trading robots. If you are not used to trading with this platform, you will be stunned at just how easy it is to operate, and just how flexible it can be with thousands of both free and paid add-ons available. With a simple search, you can find almost anything you could ever need or even want to enhance your MT4 terminal.

Payment methods

Destek offers the payment and withdrawing of funds via bank wire transfer and credit/debit cards.

Extras

Destek features a lot of extras as far as tools are concerned, like analysis, sentiment gauges, Forex trading education, as well as both technical and fundamental instructions. This section is good, but there are plenty of free resources on the internet that are available also, so this is an added bonus more than anything else.