Destek Markets Account Types vary according to what traders require. Destek Markets offers four different live account types, namely: the Standard account, the Gold account, the VIP account, and the ECN account,
Destek Markets at a Glance
| 🔍 Broker’s name | Destek Markets |
| 🏛 Headquarters | London, United Kingdom/ Nassau, Bahamas |
| 📅 Year founded | 2017 |
| 📃 Regulating authorities | Financial Conduct Authority (FCA), MiFID |
| 🌐 Countries not accepted for trade | United States |
| 📒 Demo account | Yes |
| 📒 Islamic account (swap free) | No |
| 📒 Institutional accounts | Yes |
| 💻 Managed accounts | Yes |
| 📊 Maximum leverage | 1:200 |
| 💳 Minimum Deposit | $100 |
| ZAR | R1 500 ZAR |
| 💳 Deposit options Withdrawal options | Bank Transfer, Credit/Debit Card |
| 📉 Platform(s) provided | MetaTrader4 |
| 📲 OS compatibility | Mac, Windows, Linux, Mobile, Web, iPhone, iPad |
| 📊 Tradable assets offered | Currencies, indices, futures, CFDs and commodities. |
| 🌐 Languages supported on website | Italia, Nederland, Norge, Magyarország, Österreich, Polska, Portugal, Suomi, Sverige, Switzerland and United Kingdom |
| ☎ Customer support languages | English, Arabic, Italian, Chinese |
| ☎ Customer service hours | 24/7 |
Min Deposit
USD 100
Regulators
FCA
Trading Platform
MT4
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Destek Markets Account Types below.
Destek Markets Account Types Revealed – A Key 10 Point Quick Overview
- ✅Destek Markets at a Glance
- ✅Destek Markets Overview
- ✅Destek Markets Account Types
- Destek Markets Account Features
- Destek Markets Demo Account
- What is an Islamic Account
- Destek Markets Customer Reviews
- Destek Markets Pros and Cons
- Conclusion
- Frequently Asked Questions
Destek Markets offers clients a choice between three live account types, namely Standard Account, Financial STP account, and a Synthetic account.
Destek Markets Overview
Destek Markets is a forex broker company in the United Kingdom that provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers in turn use this broker to gain access to the 24-hour currency market for speculation purposes.
Destek Markets was established in 2017 and has its headquarters in London in the United Kingdom. Destek Markets is a hybrid broker that offers to trade of currencies, indices, futures, CFDs, and commodities using the MetaTrader 4 trading platform, with mobile and web versions.
Destek Markets is owned by Destek Yatirim, a Turkish finance group that has been in business for more than 25 years, putting a lot of experience behind its brokerage services. The broker is registered and regulated by the Financial Conduct Authority FCA of the United Kingdom and complies to the Markets in Financial Instruments Directive (MiFID) too.
Destek Markets provides several types of accounts, including market-maker and ECN-type accounts, which offers traders a wide range of assets for trading, including Forex currency pairs, major stock indices, and commodities, the latter two available as CFDs (Contracts for Difference). Although traders have no choice of trading platform, they have access to the most popular trading platform in the industry, MetaTrader 4.
Destek Markets Account Types
Destek Markets offers four different types of accounts that traders can choose from, the Standard Account, Gold Account, VIP Account, and ECN Account. The different types are transparent and easy to understand with the major differences between them to be found in the varying average spreads and commissions, maximum leverage ratio allowed, and the choice between a market maker and ECN models.
| ☑ Destek Markets | |
| Account Types | 🌐 Standard account |
| 🌐 Gold account | |
| 🌐 VIP account | |
| 🌐 ECN account |
The minimum deposit amount required to open a Standard Account is $ 100/R1 500 ZAR. Unfortunately, the broker does not offer the option of a swap-free account for Islamic traders.
Destek Markets Account Features
Standard Account
A Standard Account can be opened with a minimum deposit of $100 and allows commission-free trading with floating spreads that average 1.57 pips on EUR/USD. The minimum lot size that can be traded is 0.01, the account is of the market-maker type.
| 🌐 Destek Markets Standard account | |
| 💳 Minimum deposit | $100 |
| ZAR | R1 500 ZAR |
| 💳 EURUSD spread (average 24hrs) | 1.57 |
| Commissions | 📌No |
| 📊 Maximum Leverage | 1:200 |
| 📉 Hedging allowed | Yes |
Gold Account
A Gold Account is of the market-maker type and can be opened with a minimum deposit amount of $1 000. This account also has floating spreads that average 1.17 pips on EUR/USD under typical market conditions. No commissions are charged.
| 🌐 Destek Markets Gold account | |
| 💳 Minimum Deposit | $1000 |
| ZAR | R15 000 ZAR |
| 💳 EURUSD spread (average 24hrs) | 1.17 |
| 💰 Commissions | 📌No |
| 📊 Maximum Leverage | 1:200 |
| 📉 Hedging allowed | Yes |
VIP Account
A VIP Account requires a minimum deposit amount of $5 000 to be opened and gives traders under typical market conditions a floating spread averaging 0.77 pips on EUR/USD, with no commission being charged.
| 🌐 Destek Markets VIP account | |
| 💳 Minimum Deposit | $5000 |
| ZAR | R75 000 ZAR |
| 💳 EURUSD spread (average 24hrs) | 0.77pips |
| 💰 Commissions | 📌No |
| 📊 Maximum Leverage | 1:200 |
| 📉 Hedging allowed | Yes |
ECN Account
This account requires a minimum deposit of $10 000 and allows trading with floating spreads that average 0.17 pips on EUR/USD. The commission is charged on this account.
| 🌐 Destek ECN account | |
| 💳 Minimum Deposit | $10 000 |
| ZAR | R150 000 ZAR |
| 💳 EURUSD spread (average 24hrs) | 0.17pips |
| 💰 Commissions | Yes |
| 📊 Maximum Leverage | 1:200 |
| 📉 Hedging allowed | Yes |
How to open a Destek Trading account – Step by step
To register for, and set up a live account with Destek Markets, traders can follow these steps:
- Step 1: Register details
Traders will be directed to the Destek Homepage where they will be asked to provide an email address so to open a live account. Next, agree to the terms and conditions of Destek.
- Step 2: Start trading
On clicking on ‘Apply now’ it is immediately done, and traders can start to trade. by accessing their Destek log-in details through email.
Destek Markets Demo Account
Destek Markets clients can open a Demo Account which can be utilized in several ways, including the following:
- Beginner traders can use it as a practice account to improve their trading skills and gain experience in a risk-free environment with virtual funds.
- Other traders who are evaluating and comparing brokers and would like to explore Destek Markets’ trading conditions, can use this risk-free environment.
- It offers a mimicked live trading environment to traders who wish to test their trading strategies without risking their own capital.
What is an Islamic Account
Destek Markets does not offer Muslim traders who follow the Sharia law the option to open an Islamic of Swap-Free Account.
An Islamic Account caters specifically to Muslim traders who strictly follow the Sharia law which prevents its followers from paying any type of interest, such as overnight fees, because it is seen as wasteful or exploitive. Overnight fees are charged when traders hold positions open for longer after the trading day has ended and the swap-free account allows exceptions from such fees, or interest for holding positions open for longer.
Traders must note that there are certain features included in the Islamic account that may differ from the ordinary account such as minimum deposit, spreads, and more. Traders who want to register for an Islamic account can contact a broker’s customer support department to first verify if such an option is offered and what the details of the account, as well as its conditions, may be.
Destek Markets Customer Reviews
Great!
Destek markets provides the easiest and most accessible trading platforms such as the MetaTrader4 which are by far the best I’ve come across – Max
Keen on the MetaTrader4 offered
Destek Markets reaches Affiliate Brokers in South Africa – They offer in-house MetaTrader4 platforms across most accounts, which is a bonus! – Chris
Occasional Sign Up Bonus offered.
The Destek Markets website is easy to navigate, just disappointed that the sign up bonuses are occasional and not clearly communicated – Natalie
Destek Markets Pros and Cons
| ✅ PROS | ❌ CONS |
| Broker is FCA regulated | No choice of trading platform offered |
| Competitive spreads are offered | No scalping allowed |
| Deposit insurance is provided | Non-competitive spreads |
| MetaTrader4 trading platform provided | Only a few payment options are available |
| Offers fair selection of instruments to trade |
Min Deposit
USD 100
Regulators
FCA
Trading Platform
MT4
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
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Conclusion
Destek Markets enjoys a lot of credibilities and offers enough security of clients’ funds to give them peace of mind. Although the company offers a fair selection of trading instruments and a wide choice of account types, it provides relatively few payment options to fund accounts.
Destek Markets offers a good liquidity and few restrictions on trading, although scalping is not allowed in any account type, and hedging cannot be performed with an ECN account.
Frequently Asked Questions
How many instruments can I trade with Destek Markets?
You can trade several different instruments with Destek Markets, which include the following:
- Currencies
- Indices
- Futures
- CFDs
- Commodities
Does Destek Markets have ZAR accounts?
Yes, Destek Markets does offer accounts to traders in South Africa
Does Destek Markets offer leverage?
Yes, Destek Markets offers a maximum leverage of up to 1: 200.
Can traders from South Africa open a Destek Markets trading account?
Yes, South African traders are offered the option of trading on the Destekfxcapital website.
Which live trading accounts does Destek Markets offer?
- Standard Account
- Gold Account
- VIP Account
- ECN Account
What are the available deposit currencies for Destek?
USD, EUR, and GBP.
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