is someone trading with Divisa Capital?

chrisbliss

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is someone trading with Divisa Capital?
Im thinking of signing up with them,
how is your experience with them?
anyone?
 
@Joseff
I am not sure this kind of answer is very useful for chrisbliss.
Can we know if you USE Divisa at the moment and if yes, what is your experience with them (good or bad).

@Laurel
I am sorry but for me a good broker just need to act in a real market with your settings at the moment YOU want and that's it.
If I want some benefits and super deal from my broker, I go for a bucket shop
If I want some bonus, I try to be profitable in my trading

@chrisbliss
I am in the same situation, I use Divisa (demo account for 2 months now) and I have to say, I am happy in general and I am also thinking of signing up with them but like you I would like to hear some feedback first.

Then, if anyone who use Divisa could give some feedback; it would be useful at least for chrissbliss and myself.
 
@Joseff
I am not sure this kind of answer is very useful for chrisbliss.
Can we know if you USE Divisa at the moment and if yes, what is your experience with them (good or bad).

@Laurel
I am sorry but for me a good broker just need to act in a real market with your settings at the moment YOU want and that's it.
If I want some benefits and super deal from my broker, I go for a bucket shop
If I want some bonus, I try to be profitable in my trading

@chrisbliss
I am in the same situation, I use Divisa (demo account for 2 months now) and I have to say, I am happy in general and I am also thinking of signing up with them but like you I would like to hear some feedback first.

Then, if anyone who use Divisa could give some feedback; it would be useful at least for chrissbliss and myself.

Whats the problem to trade with a money maker when deposit is below $1k and the broker is reputable?

After all 95% traders are losers due to bad money management, so when your deposit will not be very high, reputed money makers will not create prob for you. Their main target is newbies and I think they are able to feed some veterans too. I have traded with 4-5 moneymakers and their service is fine! Although my big deposits will go with ECN brokers only :LOL:
 
Whats the problem to trade with a money maker when deposit is below $1k and the broker is reputable?

After all 95% traders are losers due to bad money management, so when your deposit will not be very high, reputed money makers will not create prob for you. Their main target is newbies and I think they are able to feed some veterans too. I have traded with 4-5 moneymakers and their service is fine! Although my big deposits will go with ECN brokers only :LOL:

Yes I agree with you but I think it's better to start in a position where it is possible to make money on a long term with your broker.
 
don't know what Joseff meant,
anyway couldn't wait for his reply,
I just opened a live acount with them.
I think they seem to be very good, I made a few trades already,
execution is even faster then the demo acount,
liquidity seem great, I get filled in milliseconds
money is keept in segregated acount,
they have great backing and are located in New Zealand
NO FIFO rules
awsome spreads! I seen EUR/USD as low as 0.4 pip spread,
this is direct market access, no doubt about that
direct dealing with the liquidity banks on the "REAL" market
none of that ECN black box STP,
none dealing desk bucketshop crap
leverage 100:1 instead of 50:1
1000 minimum deposit
only downside you can't trade microlots
cus banks don't allow it,
but I take that as a good sign
because microlots must go trough a dealing desk.
smallest size is minilots a 10.000
looks great! and so far so good,
only been with them for a coupple of days yet,
so can't say more, time will tell
will keep you posted if you are interested
 
Hi Chrisbliss,
Had a quick look at their website and noted base currecny is in $ only.
How did you deposit - did they convert to £ for you.
If so how are you going to withdraw funds.
Keep us informed I will be interested to see how you get on.

Cheers
 
Hi! converting to dollar is done automaticly by your bank when you wire,
you just state what currency you want to pay in.
this is nothing you need to do your self,
and the same thing when you withdraw.
then they automaticly convert back to your countrys currency,
your bank does this automaticly.
if you familiar to pay your bills via internet,
you should be able make wires in there too.
you just look under foreign payments or something,
it's not harder then to pay any other bill really,
then it take 3-4 days before the money arrives,
will keep you posted later on,
will get my feet wet first :)
 
yes ofcource, banks will take a small procentage for it,
but it's so small it really isn't worth arguing about,
 
don't know what Joseff meant,
anyway couldn't wait for his reply,
I just opened a live acount with them.
I think they seem to be very good, I made a few trades already,
execution is even faster then the demo acount,
liquidity seem great, I get filled in milliseconds
money is keept in segregated acount,
they have great backing and are located in New Zealand
NO FIFO rules
awsome spreads! I seen EUR/USD as low as 0.4 pip spread,
this is direct market access, no doubt about that
direct dealing with the liquidity banks on the "REAL" market
none of that ECN black box STP,
none dealing desk bucketshop crap
leverage 100:1 instead of 50:1
1000 minimum deposit
only downside you can't trade microlots
cus banks don't allow it,
but I take that as a good sign
because microlots must go trough a dealing desk.
smallest size is minilots a 10.000
looks great! and so far so good,
only been with them for a coupple of days yet,
so can't say more, time will tell
will keep you posted if you are interested

please do

very much interested

because demo execution is very fast what is most important for a scalper

and your feedback is eagerly awaited

lucky trades to you
 
ok, it hasn't been much time yet but
here is little something to keep you guys updated.
Im using the currenex viking and not the MT4,
it apears they don't mess with your trades at all.
no requotes no stophunting, no slippage more than normal,
it's true, there will normally allways be some slippage,
but you can actually set this to zero slippage in the cnx viking platform,
you have kind of a slider that goes from 0 to 10,
I allways got filled anyway even I had the zero slippage turned on,
thats really really nice.
so I guess their liquidity is really good.
otherwice you could suspect not to get filled,
spreads are amongst the lowest I seen,
sometime you can buy EUR/USD at 0,3 spread,
it isn't allways this low because the spread is variable
but seldom goes over 1 pip on the EUR
the charts looks really good in the platform,
I was a little disapoited that there wasn't any live news in the Viking,
they seem to have it in the MT4 though,
I talked to them about it and they said that atm
they are in the process of chosing the best news provider,
aparantly they had some problems with the old one, and currenex viking
should be updated with live news in the near future.
there isn't much education material on Divisa but you probably
figured that out after looking at their website.
that gives you the impression they are kinda new in the bussiness,
but after a little digging I found out they are one of the oldest brokers,
they been operational since 1993!
but there are allways other places you can get the education stuff from if you need it.
as I promised I will update you some more later
when there has been some quality time,
maybe in 2-3 monts?
by that time I will probably have made a few withdraws too,
haven't done that yet so I guess thats all for now.
 
Last edited:
ok, it hasn't been much time yet but
here is little something to keep you guys updated.
Im using the currenex viking and not the MT4,
it apears they don't mess with your trades at all.
no requotes no stophunting, no slippage more than normal,
it's true, there will normally allways be some slippage,
but you can actually set this to zero slippage in the cnx viking platform,
you have kind of a slider that goes from 0 to 10,
I allways got filled anyway even I had the zero slippage turned on,
thats really really nice.
so I guess their liquidity is really good.
otherwice you could suspect not to get filled,
spreads are amongst the lowest I seen,
sometime you can buy EUR/USD at 0,3 spread,
it isn't allways this low because the spread is variable
but seldom goes over 1 pip on the EUR
the charts looks really good in the platform,
I was a little disapoited that there wasn't any live news in the Viking,
they seem to have it in the MT4 though,
I talked to them about it and they said that atm
they are in the process of chosing the best news provider,
aparantly they had some problems with the old one, and currenex viking
should be updated with live news in the near future.
there isn't much education material on Divisa but you probably
figured that out after looking at their website.
that gives you the impression they are kinda new in the bussiness,
but after a little digging I found out they are one of the oldest brokers,
they been operational since 1993!
but there are allways other places you can get the education stuff from if you need it.
as I promised I will update you some more later
when there has been some quality time,
maybe in 2-3 monts?
by that time I will probably have made a few withdraws too,
haven't done that yet so I guess thats all for now.

huge thanks!

when you make first withdrawal post right away!

important to know if thansferts work smoothly both ways

if everythink what you write is confirmed

this broker can become a real find!

by the way

have you tried to check background of this company

its financial strenth and reputation?

post all info that you managed to dig out

thanks a lot once again and keep us updated

lucky trading!
 
ok, it hasn't been much time yet but
here is little something to keep you guys updated.
Im using the currenex viking and not the MT4,
it apears they don't mess with your trades at all.
no requotes no stophunting, no slippage more than normal,
it's true, there will normally allways be some slippage,
but you can actually set this to zero slippage in the cnx viking platform,
you have kind of a slider that goes from 0 to 10,
I allways got filled anyway even I had the zero slippage turned on,
thats really really nice.
so I guess their liquidity is really good.
otherwice you could suspect not to get filled,
spreads are amongst the lowest I seen,
sometime you can buy EUR/USD at 0,3 spread,
it isn't allways this low because the spread is variable
but seldom goes over 1 pip on the EUR
the charts looks really good in the platform,
I was a little disapoited that there wasn't any live news in the Viking,
they seem to have it in the MT4 though,
I talked to them about it and they said that atm
they are in the process of chosing the best news provider,
aparantly they had some problems with the old one, and currenex viking
should be updated with live news in the near future.
there isn't much education material on Divisa but you probably
figured that out after looking at their website.
that gives you the impression they are kinda new in the bussiness,
but after a little digging I found out they are one of the oldest brokers,
they been operational since 1993!
but there are allways other places you can get the education stuff from if you need it.
as I promised I will update you some more later
when there has been some quality time,
maybe in 2-3 monts?
by that time I will probably have made a few withdraws too,
haven't done that yet so I guess thats all for now.

just received from NZ financier and trader to my query

"...NZ regulation
Dear Sir

Not clear on your query. The NZ regulation is very strong if infact a regulated company. As advised, I wasnt able to get whether DIVISIA is regulated or not and if your a client you should easily be able to ask them whether they have any kind of license etc.

FSP is not regulation, it is simply a dispute resolution mechanism.

However having said that the FMA - financial markets act will take over from May and all firms will be forced to be licensed under that act.

There are a lot of firm right now that operate in NO MAN's land and that could be the case for the firm that you are querying."
 
acording to their web page

Divisa Capital LP (“DCFX”) is an investment house incorporated in New Zealand under the Companies Act 1993 and registered with both the Financial Services Providers Register (FSPR) and Financial Services Complaints LTD (FSCL). DCFX offers spot foreign exchange trading to a diversified client base that ranges from financial institutions through to private individuals.

Im not really on the clear on the content FMA regulation,
or from which country it originates from,
but if it's something more coming from the US,
if so, then I don't think FMA can force Divisa to licencing under them,
because they are located in New zealand and are not under US laws,
I agree that it's good with some regulation,
but it's allmost funny how the US expect all the world follow their regulation
thats just not going to happend.
I really think New Zealands regulations is just as safe as NFA,
we are not talking about a broker in cyprus
or as you say in no mans land.
I don't think Divisa is one of them,
their regulation seem to be strong even they not in US
 
huge thanks!

when you make first withdrawal post right away!

important to know if thansferts work smoothly both ways

if everythink what you write is confirmed

this broker can become a real find!

by the way

have you tried to check background of this company

its financial strenth and reputation?

post all info that you managed to dig out

thanks a lot once again and keep us updated

lucky trading!

sure no problem,
as for theirs financial strenth
I haven't asked them about that
but they been in buisiness since 1993,
thats allmost the oldest online broker in the world.
that tells me they are very well backed.

I will let you know when I have made a withdraw
anyway, my deposit was better than expected,
I thought they would draw a fee because
I didn't deposit in my own currency,
so I added a little bit more to cover,
but to my suprice it all arrived to my acount.
:clap:
 
Last edited:
acording to their web page

Divisa Capital LP (“DCFX”) is an investment house incorporated in New Zealand under the Companies Act 1993 and registered with both the Financial Services Providers Register (FSPR) and Financial Services Complaints LTD (FSCL). DCFX offers spot foreign exchange trading to a diversified client base that ranges from financial institutions through to private individuals.

Im not really on the clear on the content FMA regulation,
or from which country it originates from,
but if it's something more coming from the US,
if so, then I don't think FMA can force Divisa to licencing under them,
because they are located in New zealand and are not under US laws,
I agree that it's good with some regulation,
but it's allmost funny how the US expect all the world follow their regulation
thats just not going to happend.
I really think New Zealands regulations is just as safe as NFA,
we are not talking about a broker in cyprus
or as you say in no mans land.
I don't think Divisa is one of them,
their regulation seem to be strong even they not in US


you are our pathfinder

go on digging info

forum members need your leadership

you have live account so your questions if asked

can not be treated by company stuff with neglect

-------------
FSP is not a strickt regulatory body i believe

i think that trader from newzeland wanted to report

that nz fin authorities desided to take serious mesures

and to clean this forex bordello begining month of may

this will help us to get clearer picture who is who in this industry

otherwise we get only general bla bla bla

saying nothing about leverage a consumer of service(trader)

has (if at all)over service provider

because many bucketshops can proudly publish like this(below)

and if devisa is really solid company

new rules only give it more weight and reputation

what i am hoping for


lucky trading to you!
---------------------------
General details
Name:
DIVISA CAPITAL LP
FSP number:FSP15201
Registration date:04/12/2010
FSP status:Registered
Trading names:Business Address:Suite B7, 400 Rosedale Road Albany
Annual confirmation filing Month:September

-----------------------

What is the FSPR?
The Financial Service Providers (Registration and Dispute Resolution) Act 2008 (‘the Act’) was passed into law on 29 September 2008.

The Financial Service Providers Register (FSPR) opened to accept applications on 16 August 2010. Registration for most financial service providers (FSPs) became compulsory on 1 December 2010, after which date most FSPs must be registered to legally provide their services.

Financial advisers have until 31 March 2011 to be registered and apply for authorisation. All authorised financial advisers (AFAs) must be authorised by 30 June 2011.

The key objectives of the register are to:

Provide an electronic register of FSPs, as mandated by the Financial Service Providers (Registration and Dispute Resolution) Act 2008;
Increase the level of transparency of public information related to FSPs, their licensed services and their related dispute resolution schemes;
Ensure certain people are prevented from being involved in the management of FSPs, such as those with specific criminal convictions;
Assist New Zealand to comply with its international obligations to prevent money laundering and the financing of terrorism;
Provide a ‘one stop shop’ to enable Financial Service Providers to meet registration and authorisation requirements via a single web page.


Registration
Entities and individuals who:

live or have a place of business in New Zealand; and
are in the business of providing financial services (in NZ or overseas)
must register on the FSPR to provide that particular financial service.

In order to register as an FSP, applicants will have to pass a criminal conviction background check, and those who provide services to retail clients will have to join an approved consumer dispute resolution scheme.
 
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