Defcofx Review: Spread Manipulation & Poor Customer Support Outrage Traders

Does the poor customer support service leave you stunned when trading via Defcofx? Do you receive blunt, negative responses from the support team on several trading queries? Does the Saint Lucia-based forex broker pile on the losses for you by manipulating forex spread charges? In this Defcofx review, we have shared some complaints made against the broker. This will further answer your question: Is Defcofx real or fake?

Why Do Many Traders Share Negative Defcofx Reviews?

The negative Defcofx reviews stem from inadequate support and improper practices employed by the broker. Here are some top complaints.

Ineffective Customer Support Service

Defcofx is often accused of being unable to handle queries raised by traders. A lot of traders raise their queries with the broker. In return, they receive blunt responses, which do not make their experience any better. Below is a screenshot where a trader expressed concern over the unprofessional approach adopted by the brokers customer service executives.

Manipulated Defcofx Spreads Dont Make the Experience Any Better

The massive variation in spread charges from the time when closing the order and its eventual execution creates losses for traders. A trader recounted an incident where he closed the order at a tight spread, reflecting positive gains on the screen. However, the order got executed, taking into account massive Defcofx spreads, causing losses for the trader. One more trader commented on having notched gains. However, the spread jumped massively and stopped him from exercising the Defcofx withdrawal option. Here are two screenshots explaining the problem traders have with a sudden jump in spreads.

Defcofx Reviews by WikiFX - Score & Regulation

While preparing the review, the WikiFX team first looked for an answer to this question: Is Defcofx regulated? Upon investigation, the broker was found to be unregulated. It thus explains the growing number of trading issues faced by traders. The team thus gave Defcofx a score of just 1.87 out of 10.

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