Daccicafx

Daccicafx is presented as a retail forex and CFD broker, operating through the domain daccicafx.com. According to available records, the broker is registered in New Zealand under the Financial Service Providers Register (FSPR), though its regulatory status is not fully established. A separate entity, Daccicafx International Limited, was incorporated in Hong Kong in November 2018, but it is explicitly noted as not subject to any regulation.

The broker's New Zealand registration dates to July 2019, and it lists the FSPR as its regulator, but with a status that remains unclear. This dual-entity structure raises questions about the actual regulatory oversight and operational jurisdiction under which client funds are handled.

Daccicafx offers three distinct account tiers designed to cater to different trader profiles. The ORDINARY MT5 account requires a minimum deposit of $300 and provides a maximum leverage of 1:100, making it suitable for retail traders with moderate capital. The PROFESSIONAL ECN account, with a $3,000 minimum deposit, also offers 1:100 leverage and is aimed at more experienced traders seeking direct market access.

For high-net-worth clients, the VIPACCOUNT demands a minimum deposit of $50,000 and offers leverage 'upon request,' implying room for negotiation. This tier likely includes additional personalized services or tighter spreads. The tier structure suggests Daccicafx targets both entry-level and capital-rich traders, though the lack of transparent spread or commission details limits a full cost comparison.

The broker promotes the MetaTrader 5 (MT5) platform, a widely recognized multi-asset trading platform that supports advanced charting, automated trading via Expert Advisors, and a range of order types. MT5 is available for the ORDINARY and PROFESSIONAL ECN accounts, while VIP clients may receive access to the same platform or additional tools.

Daccicafx advertises over 100 tradable instruments, including currency pairs, commodities, and indices. This variety is typical for a retail FX broker, though the specific instrument list (e.g., which pairs or commodities) is not detailed in the records. The absence of information on spreads, commissions, and execution models (aside from STP mention for one entity) leaves traders without a clear picture of trading costs.

The broker's New Zealand registration with the FSPR is its primary claimed regulatory credential. However, the FSPR itself is a registration body, not a conduct regulator like the FMA; many FSPR-registered firms operate without substantive oversight. The status of this licence is marked as a dash, indicating either incomplete data or lack of verification.

In contrast, the Hong Kong entity (Daccicafx International Limited) is explicitly stated as 'not subject to any regulation.' This incongruity—a Hong Kong unregulated entity alongside a NZ registration with uncertain oversight—creates significant ambiguity regarding the legal protection of client funds. Traders should note that FSPR registration alone does not ensure regulatory safeguards typical of major jurisdictions.

The broker claims establishment in Hong Kong in November 2018, while the New Zealand registration dates to July 2019. The Hong Kong company is listed as 'Live/Still registered' under company number 2764686, with an annual review period. This suggests the broker operates through a corporate structure spanning two jurisdictions, but without clear disclosure of which entity handles client relationships.

Industry databases classify Daccicafx with a guarded risk score of 42/100, reflecting notable warning signs such as limited transparency, regulatory gaps, and a short track record. The broker's own disclosures admit the Hong Kong entity is unregulated, which should be a key consideration for any trader evaluating counterparty risk.