Department of International Financial Trading has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: This company shares the same address as Department of Financial Trading
Phones: 1 202 552 1540, Fax: 1 202 478 2771
Addresses: 1400 New York Ave Northwest Washington DC 20005 (address as per website and several documents from reporters); 1204 18th Street Northwest Washington DC 20036 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: depintft.org.
My withdrawal from Department of International Financial Trading was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for nearly two years of being strung along.
Pros: Quick verification|Clear documentation
Cons: Limited social trading features|Some tools only available on higher tiers
If you are reading this considering Department of International Financial Trading - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for roughly four months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Great customer service|Easy to use platform
Cons: Mobile app could be improved
After spending for just over a year trying to make Department of International Financial Trading work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: API access|Excellent charting
Cons: Minimum deposit could be lower|Account statements could be more detailed
Opened my account with Department of International Financial Trading after seeing their ad online and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multi-device support|Demo account available
Cons: Help articles are sometimes vague
Department of International Financial Trading has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Regular updates|Two-factor authentication
Cons: Website design could be more modern|Limited ETF selection
Department of International Financial Trading offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Quick verification|Excellent charting|Intuitive for beginners|Clear documentation
Cons: Charting tools need more indicators|Minor UI glitches occasionally
I had a dispute with Department of International Financial Trading and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Dedicated account manager|Portfolio tracking tools
Cons: Research section could be deeper|No fractional shares
I gave Department of International Financial Trading a fair chance. After for roughly four months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Intuitive for beginners|Fast execution
Cons: Withdrawal takes 1-2 business days|Charting tools need more indicators
I had high hopes for Department of International Financial Trading after a friend recommended them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Portfolio tracking tools|Educational resources|Demo account available
Cons: Email notifications too frequent
The mobile app from Department of International Financial Trading is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Two-factor authentication|Instant funding|Economic calendar
Cons: Account statements could be more detailed