is someone trading with Divisa Capital?

[Als]

so Im a pathfinder huh?
thanks for the info,
I need it if Im going to be a path finder. thanks

yes you are

nobody else wants to share experience

those who trade via devisa keep silence


there is another letter from this trader

(i got his/her permition to report to you)

and you can understand my unease

fine conditions to do scalping

but reliability of broker is not clear

notice appeal for caution in the letter

and i d like to add that on babypips

i found thread of serial backetshopping

under nz registration

by phillipinos

and newzeland was even conseded another cyprus

ready to help as much as i can

cos hope you feed back your experience with divisa


by the way

done test to short and long 2 standart lots

simultaneously

on demos of dukascopy and divisa

profits

duka 37.51

divisa 43.00(well.... how many % better?!)

i am after active scalping and you can understand my interest in good broker

lucky trades!

-----------

Thanks for asking. I am a NZer and have spent the last 11 of the 25 yrs of my financial SVCs experience in NZ.

There are only 4 regulated brokers (regulated by the NZX)

WSD
IKON
OMF
Global

The last one is not active.

Apart from this, there a few brokers that are licensed by the NZ SEC directly but not a member of the NZX. This is not public. I am not aware of DIVISIA if they are regulated or not but you can ask them From looking at their website I would believe that they are not. Pls ask them and they should be able to tell you as I am wrong.

Finally, if they are not regulated DO NOT DEAL with anyone who is not as your client finds will not be protected.

 

[Als]

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:

forums.babypips.com
In New Zealand foreign exchange dealers are not required to be authorised unless the

None of the dealers named in your email (16 of them which are listed at the FPA) are authorised

Companies Office records show that most of the companies named below have one of three individuals
listed as their shareholder and director,
and each of those three individuals uses the same address in the Philippines.
This would indicate that almost all of these companies are operated by the same group of people.
We will look into whether any of these companies is operating in breach of New Zealand law.

Hayden Best
Lawyer
Securities Commission
Direct Dial: 04 495 1681"
Extracted from the forum:
forums.babypips.com/newbie-island/35215-edgar-international.html

as far as i remember divisa was not among them

but try youself just copy url

and divisa means currency in spanish!!!!!!!

 

[Shaun12uk]

I have google mapped their address and if you look at their office knowing client funds are not protected then you must be mad to transfer anything substantial in terms of funds to the opposite side of the world without any substantial reputation/history that supports their credibility!!!

 

[Als]

so Im a pathfinder huh?
thanks for the info,
I need it if Im going to be a path finder. thanks

it does not look bad at all

although at first it seemed too good to be true

but when talking to company stuff

ask them stright what company plans to do

with pending nz obligatory regulation in may(licence)

wait for your report of first withdrawal

and wish it to be big

lucky trading!

http://uk.linkedin.com/in/forexify
Mushegh Tovmasyan
Poste actuel
Global Head of Sales , Alpari Group
Owner , Forexify International LLC
Postes précédents
Founder and CEO
Divisa Capital Group, LLC
Privately Held; Financial Services industry
May 2008 – June 2010 (2 years 2 months)
Formation
San Francisco State University, College of Business
Financial Services & Corporate Finance

Private Equity & Management of various private
financial services businesses in the brokerage,
risk management and trading industries.

•servicing small to midsize financial institutions throughout the world.
•First Currenex partner to offer full sub-White Labels
•First Currenex partner to offer official Currenex-MT4 Bridge.
•One of main providers of STP MT4 White-label solutions.

------------------------
http://www.linkedin.com/pub/george-kavner-phd/5/631/b37

George Kavner, PhD

Poste actuel
MANAGING PARTNER , PROSPECT PARTNERS,LLP
Postes précédents
DIRECTOR LEVEL PARTICIPATION
Chairman
Divisa Capital Group, LLC
Financial Services industry
August 2008 – August 2010 (2 years 1 month)
Chairman , Divisa Capital Group, LLC
Managing Partner , Thomas, Kavner, LLP
Formation
Golden Gate University
Columbia University in the City of New York
Compétences
Consumer goods, Packaging Industry, Medical Devices, Financial Services, M&A

Expérience de George Kavner, PhD
MANAGING PARTNER
PROSPECT PARTNERS,LLP
Financial Services industry
November 2009 – Present (1 year 6 months)
---------------------------------------------

Michael Markarian

Poste actuel
President , Divisa Capital
Financial Services industry
July 2009 – Present (1 year 10 months)
Postes précédents
Owner , Velocity4x
President , Velocity4x
Director of International Business Development , Terra Nova Trading
Formation
Augustana College 1986 – 1990

•Founded and successfully directed Velocity4x
•Conceptualized, developed, and managed the International Division of Terra Nova Trading
• Managed all facets of the division including budgeting, hiring, marketing,
business development, and sales.
•Hosted delegations from the government of China as well as Chinese financial press and broker dealers.
•Pioneered a program to host and educate 6 Chinese professionals from within the financial industry.
Compétences
Online Forex Trading Brokerage, Equities Brokerage,
Expérience de Michael Markarian
Owner-President
Velocity4x
Financial Services industry
July 2005 – July 2009 (4 years 1 month)
Director of International Business Development
Terra Nova Trading
Public Company; 51-200 employees; TNFG; Financial Services industry
2000 – 2005 (5 years)
•Managed division marketing budget, including but not limited
to the allocation of resources to Website maintenance, ad buys, and trade shows.
•Responsible for the inception of, content for, and marketing
of the division’s stand-alone website.

 

[Shaun12uk]

Dont take somebody's CV as a guarantee for your funds.
I hope I am proven wrong then I would use them myself but I will let a few others be
the test rats first.
I will say when something seems to good to be true then it normally is!
We dont even have any idea of their capitilisation which would give you some idea
of how stable they are, unregulated and funds not protected - to much of a risk for me.

 

[Als]

Dont take somebody's CV as a guarantee for your funds.
I hope I am proven wrong then I would use them myself but I will let a few others be
the test rats first.
I will say when something seems to good to be true then it normally is!
We dont even have any idea of their capitilisation which would give you some idea
of how stable they are, unregulated and funds not protected - to much of a risk for me.

agree 100%

but in the begining it looked totally dark horse

what caught my attention was stunning execution speed no requotes (on demo of cos)

tiny spreads and low(6)commission

at least now we know it is not phillipino bucketshop

otherwise nz registration(not regulation!) appeared

like cyprus bvi and beliz of easteuropean newcomers

the founder is with alpari at present

of cos( ?) lingers why he left

and many (?????)are not ansered yet

thanks to one nz trader there is an info that nz fin authorities

are gonna force all fx vendors to get registered in may

and if brave chrisbliss dived in these waters(live acc)

we have good opportunity to get deeper notion of divisa

and if he is our voluntary test rat we owe him some champagne

cos cheese in mousetrap is served to......second mouse!

 

[Als]

so Im a pathfinder huh?
thanks for the info,
I need it if Im going to be a path finder. thanks

sorry i was a bit lasy to do deep checking

but looked just now at forexpeacearmy rating of Velocity4x....and......!!!!!!!!!

current head of divisa is......danger!!!!!!!

happy to be wrong but facts are.......

Michael Markarian

Poste actuel
President , Divisa Capital
Financial Services industry
July 2009 – Present (1 year 10 months)
Postes précédents
Owner , Velocity4x
President , Velocity4x

 

[Shaun12uk]

So chrisbliss you have had 2 months now with Divisa Capital what's the verdict!!!

 

[Als]

I don't recommend you to go with them.

chrisbliss
Member
Re: is someone trading with Divisa Capital?
don't know what Joseff meant,
anyway couldn't wait for his reply,

____________________

MY QUESTION IS THE SAME

JOSEFF GIVE YOUR THOUGHTS PLEASE

IT SEEMS TO ME YOU KNOW SOMETHING BUT KEEP IT FOR YOUSELF

 

[chrisbliss]

So chrisbliss you have had 2 months now with Divisa Capital what's the verdict!!!

sorry to keep you guys waiting
Im still very happy with Divisa,
I haven't made a withdraw yet though,
but Im getting there slowly.

 

[Shaun12uk]

sorry to keep you guys waiting
Im still very happy with Divisa,
I haven't made a withdraw yet though,
but Im getting there slowly.

Couple of questions for you:
Are the spreads as good as advertised what is Eur$ and cable
Whats the execution like - are you getting good fills

 

[liveforexcallsdotcom]

Hi,

3 months ago I chose Divisa Capital as my partner broker for my website. Why ? because they are the best MT4 broker in trading conditions and execution quality.
They are an official Currenex partner ( see the link below ), and they have the best spread / commission ( only $6 round trip each standard lot ) / and quality execution ( no requotes, fast AND FAIR fills, I mean you click to sell at 60 and sometimes you get 59 but you get 61 too).

http://www.currenex.com/about_us_white_label.html

The MT4 feed is exactly the same as the Currenex Standard platform feed.

If they were a bank in UK for example they would be the best MT4 forex broker around the world. But obviously being New Zeland based and regulated ( although with segregated client funds at Citi UK ) is a handicap. So I wouldn't open a $100k-$500k account with them for the moment but in my opinion they are fine to open $1-100k accounts.

I have made 2 small $3k withdrawals and no problem ( also I know that one of my followers has made a withdrawal too ).

Regards

 

[chrisbliss]

Couple of questions for you:
Are the spreads as good as advertised what is Eur$ and cable
Whats the execution like - are you getting good fills

this is a screenshots of the current spreads as today at 17:56 GMT
in my live acount, I brought up all pairs so you can see,
ofcource they are not allways like this, because the spreads are variable,
they change all the time depending on how much buys and sells ocuring atm,
check out the EUR/USD every pair moves up and down,
the majors are never much higher than this,
when this screenshot was taken I would say they where at the higher peak,
they don't go much higher than this,
the execution and fills are just about 1 millisecond

the spread movement aprox for eur$ and cable,

EUR/USD 0,3 - 1
GBP/USD 0,7 - 1,6

 

[Als]

Hi,

3 months ago I chose Divisa Capital as my partner broker for my website. Why ? because they are the best MT4 broker in trading conditions and execution quality.
They are an official Currenex partner ( see the link below ), and they have the best spread / commission ( only $6 round trip each standard lot ) / and quality execution ( no requotes, fast AND FAIR fills, I mean you click to sell at 60 and sometimes you get 59 but you get 61 too).

http://www.currenex.com/about_us_white_label.html

The MT4 feed is exactly the same as the Currenex Standard platform feed.

If they were a bank in UK for example they would be the best MT4 forex broker around the world. But obviously being New Zeland based and regulated ( although with segregated client funds at Citi UK ) is a handicap. So I wouldn't open a $100k-$500k account with them for the moment but in my opinion they are fine to open $1-100k accounts.

I have made 2 small $3k withdrawals and no problem ( also I know that one of my followers has made a withdrawal too ).

Regards

demo works fine

but reliability of company is in question

you ignored Velocity4x connection

and in total this letter looks a stuff member response

 

[TraderNumber7]

this is a screenshots of the current spreads as today at 17:56 GMT...

Chriss,

You've made the best decision (in my opinion) that you could have made, given the alternatives offered in Retail FX.

I created a thread about this and listed Divisa Capital FX (DCFX) as one of the Retail Intermediaries that would trust with my own capital. Though I am not a retail trader anymore - I still retain about 5% of my capital in Retail FX, which happens to be my Divisa Capital FX trading account.

I did not want to mention that before - although I joined them early last year, because the very first time you post that you have an account somewhere, the T2W police start claiming that you are some kind of spy, or that you are selling services that don't exist. So, I am so glad that you posted that fact that you now trade with Divisa Capital FX, because that means that I was not the first to say so on T2W, therefore, I cannot be accused of selling DCFX services.

Yes, it is true. They have some the fastest trade execution that I have seen in Retail FX. Yes, it is true. They have some of the best spread conditions throughout the trading day in Retail FX. Yes, it is true. This is a financial services company that also understand technology and that is crucially important to you as a trader. And, yes - they are the only true Currenex Hub deployment in Retail FX that I know of anywhere in the world. Others do have Currenex, but they do not have a fully deployed Currenex STP/Hub, because most of them are not Currenex technology certified.

There Currenex implementation is the fastest that I've seen in Retail FX - bar none. Also, they do not hide their liquidity sources from you - they tell you who they are up front - you get to see it on their website. Customer services is outstanding, friendly, courteous, polite and helpful. And, they always follow-up with me directly, whenever I have a question that cannot be answered right away.

This is the only Retail FX Intermediary that I would consider trading with at this time, outside of CitiFX - because Citi, regardless of anything else, is a real Bank and that means that they have have a much higher regulatory standard to abide by than all other FCMs.

Congratulations, Chriss. I am glad you found them. Happy trading.

BTW - Chriss. I'm trying to get ProTrader to add Divisa Capital FX back to their list of connections, and to add CitiFX to their connections list for the first time. This way, as a Retail Trader, you get some Institutional quality features and functions. You would be able to have an account with Divisa and CitiFX, while accessing both accounts simultaneously and trading from a single platform into the liquidity of both sources. You also would get the ability to create currency cross pair index instruments, where you can assign the currency pairs of your choice to a Custom Index that you can execute trades against simultaneously base upon the cost basis allocation that you defined when you set-up the custom currency pair index.

It also has an Arbitrager (currently being debugged) and if you do have multiple trading accounts, you can connect through ProTrader to both accounts and configure the Arbitrager to scan two independent and dissimilar liquidity pools (say, CitiFX and Divisa Capital FX) searching for arbitrage moments. The Arbitrager will automatically execute the initial pending order once an Arb moment is found, and then it will automatically execute the reversal order to capture the profit from the Arb moment - all based on bid/ask differentials that you decide on as you select the currency pair combinations that you wish to Arb.

The folks at ProTrader do have some issues that they know they need to work through. But, I've communicated with Alex, many times in the past and recently and I know that he is committed to making that platform the best that it can be. If you take away some of the bug issues, ProTrader is by far the most flexible and trader friendly Retail platform anywhere on the planet - bar none. My biggest complaint, is that they selected the .Net environment, but that can be worked through with better optimization in future releases, which I know Alex is working on. I submitted a bug in one of their "Indicated Margin" output values and it was fixed in one week. ProTrader also has back-end integration with Barclays Capital and Saxo Bank, and they are growing the list as they get solid requests to do so. They dropped PT Multi-Station, but in hindsight, I think it gives their small firm more room to focus on the things that are important to their company and it allows them more freedom to focus on ProTrader.

So, to answer your question directly - yes, someone here does trade with DCFX.

So, from one DCFX trader to another - Welcome!

 

[chrisbliss]

Thanks TraderNumber7 for your very interesting post,
I am definitely not a spy and I am not selling anything,
and Im not affiliated with Divisa in any way
exept being one of their happy customers,
I am indeed very happy I found them,
it all started when I asked in here if someone traded with them,
and since then it has developed and I am now considered the official test rat
I searched a long time for a broker that wouldn't rip my shirt off,
in fact the most brokers I tried has been dishonest to say the least,
and Im sure a lot of people have had the same experience
even if they don't want to admit it in public, and thats understandable,
but I don't have any of theese scruples, I admit that I have lost a lot
of money, but not because I am a poor trader but because of dishonest brokers.
and that makes me feel for all the other guys in same position that I have been.
so I just thought I should share this to all in the name of good intention.
because I truly believe Divisa is a great broker.

the ProTrader sounds interesting,
if you have anything to add about Divisa these guys are wondering about,
it would be great, being a single test rat is a heavy burden

 

[moksha99]

Where can I get more info on Pro Trader Arbitrage tool?
Back to Divisa in NZ
The key is "Client money safety"
Recently 4000 accounts lost almost 47 million because of fraud at a retail FX / CFD broker in Australia called Sonray capital markets...
As on today in a first world country like Australia if your Fx broker goes belly up you can loos all the money you have with them
Although money is supposed to be segregated if you read the fine print in PDS ( Product Disclosure Statement) it clearly shows that client money becomes unsecured credit
SO what is the NZ broker document say? anybody?

 

[liveforexcallsdotcom]

I agree 100% with TraderNumber7and Moksha99. If Divisa Capital was a bank for example they would be the best forex broker around the world, but being New Zeland regulated means no guarantee for your funds. So my advice is trade with them but only with a % of your trading money.

 

[moksha99]

This seems to be the new authority in NZ
http://www.fma.govt.nz/help-me-invest/making-informed-choices/

Can't make out what happens to client money safety in case broker goes broke?

 

[chrisbliss]

moksha99,seem to be a russian platform, http://protrader.net/
Im thinking of making a list in here with all the questions,
and send it to them, let me know what you guys think about that.
all I know for now is they are registred under FSCL
which is a regulatory body in NZ,
you are right about safety,
I don't know yet how FSCL work but I will find out when I get the time.
I feel sorry for all these people looing their acounts,
the Fx industy is corrupt to the core
anyhow, it's never good to put all eggs in one basket.