What is DSX Global? How effective is it in as far as the delivery of the promised services is concerned? Is it one that you can even recommend to your friends and family? Join me as we review this platform, and expound on what it is all about. Here are the main elements of the review:
- What is DSX?
- What can you expect from DSX?
- Which are the deposit and withdrawal options offered?
- The deposit and withdrawal options offered by DSX?
- The fees and charges to expect on DSX
- How is the customer support offered on this platform?
- Is DSX genuine or is it a Scam?
- Pros and Cons
Name of the platform: Digital Securities Exchanges (DSX)
Official Website URL: https://dsxglobal.com/
Overall Rating: (2.9 / 5)
Recommended: Not highly recommended
What is DSX Global?
Digital Securities Exchanges (DSX) exists as the very first regulated crypto exchange based in the UK. It was founded in 2014, and is currently under the able leadership of CEO Robert Courtneidge. This exchange is regulated by ePayments, an FCA regulated payment service provider that is based online. DSX has earned the trust of a significant number of customers owing to the fact that it has conformed to the UK-based regulations, and that it presents a new breed of what crypto exchanges should be like. Its existence is generally beneficial to the crypto space, in the way it helps with the bridging of the gap between the crypto trading world that is so far unregulated, and the traditional world of finance that is by nature regulated.
As a customer, when you create a DSX account, you should expect the same level of security and safety that exists with FCA regulated platforms and financial entities. In the case of DSX, for instance, ePayments has the customers’ funds insured with Lockton Companies Inc, the world’s largest private insurance brokerage company.
What can you expect from DSX?
The trading platform presented by DSX utilizes the latest technology to present a design that offers its clients a decent user experience. The utilization of the latest software architecture goes a long way into catering to the efficiency and user-friendliness of this platform.
The trading platform has a couple of features that most traders would be looking forward to using, including:
- Real-time price feeds
- Advanced technical indicators.
The above features make it possible for customers to access detailed statistics about the state of the market.
The platform also supports a wide variety of order types. Some of the main ones that you might recognize are:
- Fill/kill orders
- Market orders
- Stop orders
- Limit orders
- Trailing stops
As of now, there are not many trading pairs that you can rely on to make an income on this income, but the ones availed are quite sufficient for most people. They include:
DSX stands out from most of the other platforms in the crypto industry in that it offers customers a demo account through which they can refine their trading skills before they can start making their investment through the real account.
The deposit and withdrawal options offered by DSX?
DSX’s deposit and withdrawal processes differ a great deal from the other platforms in this industry. Thing is, all the funds have to pass through the ePayment system. As a DSX customer, you are necessitated to open an ePayments system before you can deposit funds in your DSX account. The good thing, however, is that by accepting to sign up for an ePayments account, DSX’s customers can access a wider variety of payment methods. The fiat currencies that can be utilized to deposit funds here include:
- British Pound
- Russian Ruble
For the deposits, this platform allows customers to use the following methods:
- Bank Transfer
- Bank Card
If you want to withdraw your funds, you can use either of the options below:
- Visa QIWI Wallet
- Bank Transfer
- Bank Cards
- EPayments Prepaid Mastercard
The fees and charges to expect on DSX
Customers are on this platform charged through a Maker/Taker pricing model that is designed to encourage liquidity. The fees are also attached to the volume of the trades, with the higher volume trades attracting lower fees. Here are some of the main fees that you can expect to be charged:
- Account opening & maintenance-free
- Account termination- free
- Abandoned account- following 12 months of inactivity-account termination- free
- Abandoned account- following 12 months of inactivity- €5 per month
- Less than or equal to 10 BTC- Maker fees are 0.15%, and taker fees are 0.25%
- 100 BTC-Maker fees are 0.11%, and taker fees are 0.19%
- 1500 BTC –Maker fees are nil, and taker fees are 0.10%
Crypto processing fees
- BTC deposit – free
- BTC withdrawal fees – BTC 0.0004
- LTC deposit fees-free
- LTC withdrawal fees- LTC 0.001
- Ethereum deposit fees-free
- Ethereum withdrawal fees- ETH 0.003
- Bitcoin Cash deposit fees-free
- Bitcoin cash withdrawal fees – BCH 0.0005
How is the customer support offered on this platform?
If you run into any issues while using this platform, you can contact the customer support department through:
- Live chat
- Calls – Monday to Friday (8:00 am to 5:00 pm)
The fact that this platform allows customers to contact the customer support staff through the direct telephone line is a good thing in itself, since those with emergencies can have their problems attended to with the deserved urgency.
Is DSX genuine or is it a Scam?
In my opinion, this platform is not a scam. It has been around since 2014, and it is actually regulated by FCA, through ePayments. The fact that it is regulated means that the money transfers are thoroughly scrutinized as they happen, which is something that helps keep the scammers and crypto thieves at bay. The customers who are using DSX so far think of it as an average platform. On Trustpilot, for instance, it has an average rating of (2.9/5) stars. There are mixed reviews about the platform in general. A new/potential customer cannot really be sure whether or not this is a solid and reliable platform. Some platforms in the industry have already established their position quite well, such as the recommended alternative to DSX below:
The pros and cons of DSX
- The fees are relatively low
- Customer support is decent
- It is regulated, thus the mysterious loss of funds is minimized.
- Several deposit and withdrawal approaches offered
- Limited cryptos offered
Final Words and Verdict
Overall Rating: (2.9 / 5)
DSX global is a regulated crypto exchange platform that is based in the UK. It has been around since 2014, hence is not one that we can say that is new to the industry. It has also managed to stay clear off the issues related to the loss of client personal and financial details. Unfortunately, this platform is one that has not proven that is very solid, as can be shown by the consumer trust ratings. The ratings and reviews vary quite a great deal, hence I would not be very quick to recommend it. If you still need to access a platform that will help you go about crypto exchanges quite smoothly, then you can try out my recommended option below:
We’ve come to the end of this review about what DSX Global is about. I hope that you enjoyed it and that you now know whether or not to you will be relying on it. If it is not one for you, then you can have a look at what the recommended alternative has to offer.
Eric, investor, and blogger at Start Make Stop Waste!