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dtFX Review
dtFX is the forex order system of Daniels Trading, a StoneX owned futures broker founded in 1995. The firm has paid two separate CFTC penalties for failing to supervise client trading.
Min Deposit
$2
Spreads From
Not published as a fixed figure, set through the individual broker relationship
Max Leverage
Set case by case under NFA forex rules
Platforms
dt Pro, MultiCharts
Pros
- Real, decades long NFA and CFTC regulated introducing broker history
- Now backed by StoneX Group, a large NASDAQ listed financial firm
- Automated dt FX system gives real time margin checks on FX orders
- Offers both futures and forex through a single broker relationship
Cons
- CFTC fined the firm 200,000 dollars in 2011 for a supervision failure
- That case involved the firm's own founder's concealed rice trades
- CFTC fined the firm again, 300,000 dollars, in 2018 for a similar issue
- No fixed minimum deposit is posted, terms are set case by case
Andy Daniels founded Daniels Trading in Chicago in 1995 as an independent futures introducing broker. GAIN Capital bought the firm in 2014, and StoneX Group acquired it in 2020, so it now operates as StoneX Financial Inc, Daniels Trading Division, still using Global Asset Advisors LLC as its NFA registered broker.
Clients trade futures, options, and forex through the dt Pro platform, MultiCharts, or the automated dt FX order system, which runs a real time margin check on every FX order. Deposit terms are handled case by case, though outside reviews commonly cite an amount near 2,000 dollars.
CFTC records show two supervisory failure cases here. In 2011, the CFTC fined Global Asset Advisors and its president 200,000 dollars, part of a wider 2 million dollar order, for failing to supervise founder Andy Daniels and a partner's own concealed rice position violations. In 2018, the CFTC fined the same firm and president 300,000 dollars more over a different client's allocation scheme.
Min. Deposit
USD 2
Max Leverage
Set case by case under NFA forex rules
Spreads From
Not published as a fixed figure, set through the individual broker relationship
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
