popup.error.login.title
popup.error.login.text
About broker
Rating
Without rating
0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
Users
0
?/10

Overview

Company FX Dana has been operating in the field of brokerage services for years, and has distinguished itself among the traders of the world as a very reliable broker. The Head Office of the brokerage company is located in Honduras, and its representative offices are situated in Argentina, Switzerland and Spain. The official website is available in Russian, Chinese, English, Spanish and Indonesian. But the registration with the broker is prohibited for traders from Canada, the United States and Australia.

Company offers novice traders free demo accounts, basic training of currency trading, as well as a free book that allows them to study binary options trading. New clients are provided with the welcome Forex bonus reaching $5,000, and regular customers receive bonuses of up to $2,500 for the repeated replenishment of the account.

Bonuses

Company FX Dana arranges periodically promotions for its traders on the official website, taking part in which they can get nice Forex bonuses.

Forex welcome bonus for new customers of the company FX Dana is available permanently. Only its amount and conditions for receiving can be changed. At the time of writing this review about the company, FX Dana was offering the first deposit welcome Forex bonus of 70%. Customers who credit their accounts in the amount of $300 have the right to receive the Forex bonus. If the sum of the replenishment is higher than $5,000, the Forex bonus will be $3,500, as this is the maximum sum that the company offers. Traders can use the received bonus money for trading on the global financial markets, including the international foreign exchange market. The entire profit earned by a new client with the help of the bonus money is his property, and may be withdrawn from the account at any time. Welcome Forex bonus is granted for a fixed period of time, and then it is removed.

Bonus for the repeated replenishment of the account is available for all traders, who trade financial tools through FX Dana. Forex bonus for the repeated replenishment of the account comprises 40% of the deposited sum, and its maximum size is $2,500. Bonus funds can be used to make a profit while trading on the foreign exchange market and global markets. They are given to customers for a period indicated by the company, and then they are canceled. The profit, received while trading bonus money, remains with the customer, and he has the right to dispose of it at his own discretion.

Training

Company FX Dana has published materials for novice traders on its website. These materials allow acquiring basic knowledge about Internet trading.

Learning materials about Internet trading:

1. What is the international Forex market:

- Forex market

- liquidity of the currency market

- participants of the Forex market

- market trading hours

- the minimum requirements for trading on the foreign exchange market.

2. Trading on the Forex market:

- world's financial centers

- currency pairs (major and exotic)

- currency quotes

- types of foreign exchange trading (risky and conservative)

- time frames

- main rules for trading currency pairs.

3. Fundamental analysis of the Forex market:

- what is fundamental analysis

- financial news

- factors that influence primarily foreign exchange rates

- use of macroeconomic indicators.

4. Technical analysis of the foreign exchange market:

- what is graphical analysis, and its features

- chart types

- Forex technical indicators

- support and resistance levels

5. Several differences between the foreign exchange market and stock exchange market:

- daily trading volume

- leverage

- intermediaries

- commissions

- trading hours

- selection of tools for trading

- technical analysis

- fundamental analysis.

Since binary options trading has become popular recently, the company offers its customers to receive the full course "How to Trade Binary Options". Traders will need to send an application to employees of the company by e-mail in order to get this book for free. The book about binary options will be sent in reply to application.

To obtain practical skills in Forex trading, the company FX Dana provides free demo accounts, where clients can trade using real foreign exchange rates, but with virtual money. It allows new traders to avoid the risk of losing their own finances.

Terms of trading

FX Dana offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $2

- the leverage is from 1:100 to 1:400

- a lot of currency pairs, metals, indices and options

- fixed spreads are from 1 point

- floating spreads are from 0 points

- market swap

- scalping is available

- hedging is available.

MetaTrader 4

- multi-language support

- order execution - Instant Execution

- huge database of embedded Forex indicators

- addition of new technical indicators

- creation and installation of Forex expert advisors on MetaQuotes Language 4

- export and import of currency quotes

- chart printing.

VT Trader

- multi-language support

- over 100 embedded technical indicators

- trading from charts

- creation of trendlines and moving averages

- setting of price channels

- support and resistance levels

- Fibonacci levels

- graphical tools

- different order types

- setting of automated trading.

Company FX Dana offers its traders three types of trading accounts for operations on the world's financial markets and exchanges:

- Meta Trader 4

- VT Trader

- OmniTrader+.

Trading account Meta Trader 4:

- the minimum deposit is $2

- the minimum leverage is 1:100

- the maximum leverage is 1:400

- margin call is 100%

- stop out is 30%

- hedging is available

- no commission.

Trading account VT Trader:

- the minimum deposit is $2

- the minimum leverage is 1:100

- the maximum leverage is 1:400

- margin call is 100%

- stop out is 30%

- hedging is available

- no commission.

Trading account OmniTrader+.:

- the minimum deposit is $2

- the minimum leverage is 1:100

- the maximum leverage is 1:200

- no margin call

- stop out is 100%

- hedging is not available

- no commission.

Forex indicators (recommended)

- Anchored Momentum

- LEVELSC

- Accumulation Swing Index

- BW ZONE

- HMA_histogram (HMA)

- Schaff Trend.

Forex expert advisors (recommended)

- Framework (an automated Forex expert advisor that uses several time-proven technical indicators for efficient trading on the foreign exchange market, making a good profit in case of the competent setup)

- Shocker 2.0 (an automated Forex expert advisor that is primarily suitable for currency pair trading at short-term distances, as it is elaborated namely for profitable scalping)

- Forex Remover (an automated Forex expert advisor that trades effectively on the foreign exchange market, and based on the technical indicator ATR and Bollinger Bands, giving it an opportunity to make good profits if a trader makes correct settings).

Investments

Company FX Dana provides investors with the opportunity to invest funds in professional traders, who have a choice of several different modules: LAMM (Lot Allocation Management Module), PAMM (Percentage Allocation Management Module) and PLAMM (Percentage and Lot Allocation Management Module). All these modules have one thing in common: professional traders can manage several accounts of investors simultaneously. The profit is calculated automatically, and is distributed among the participants of trust management. Investors can view activities of their managers, and they may withdraw funds from the management, if they do not like the work of the trader.

Before investing, customers who have decided to transfer finances in trust management conclude an agreement with the manager, where all the nuances are discussed, starting from the commission and ending with penalties.

Unique features

Company FX Dana provides its traders with a unique opportunity to earn on the international currency market without investing and risking their own funds. This possibility is open to traders, who join an affiliate program of FX Dana.

The affiliate program includes three directions:

- Introducing Broker

- Institutional Clients

- White Label.

Any trader of FX Dana can become an introducing broker. The company provides its partners with free advertising and educational materials that will be necessary in the future to attract new customers. Introducing brokers receive commissions from the company on a regular basis. Commission fees are calculated on the basis of the trading volume of customers whom they have attracted.

Institutional Clients is a direction for legal persons, which cooperate with dealers, hedge funds and trust companies.

White Label is a direction that allows legal persons to open their own brokerage company based on FX Dana. Financial investments are required in this direction, and all the nuances of the future work are discussed before establishing partnership relations.

Add/withdraw funds

Clients of FX Dana can use several methods to deposit their trading accounts: Neteller, Okpay and bank transfers.

Contacts

Company FX Dana provides its traders with the comprehensive support by international phone +41 22 508 7162 or via the feedback form available on its official website.

Cons and pros

+ the world famous broker

+ the minimum deposit is $2

+ small spread

+ good leverage

+ Forex deposit bonus for new and regular customers

+ basic study of Internet trading

- no contests for traders

- few ways to deposit trading accounts

- no online training.

Editorial rating

?/10

Players rating

0
?/10
Write a review
Typed 0 synbols, min 50, max 2000
Typed 0 synbols, min 50, max 2000
Rate
You rated
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
Fill in
Wrong login
Check your login and enter the correct one.
Wrong login
Check your login and enter the correct one.
Deposits made at this casino:
It is necessary to verify your identity. The data is not disclosed or disclosed to third parties. In case of filling you will be credited with a bonus.
Validation error
Check the data you entered is correct