Direct Generations has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1 520 223 4444, Fax: 1 480 247 59811
Addresses: 1109 South Plaza Way Flagstaff Arizona 86001 USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.directgen.biz.
Direct Generations had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Fast execution|Detailed reporting|Educational resources|Wide product range
Cons: No dark mode on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Direct Generations said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Easy withdrawals|Clear documentation|Competitive fees
Cons: No live chat on mobile
The platform at Direct Generations is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past year and a half of dealing with this, I have had enough.
Pros: Quick verification|API access|Regular platform improvements|Demo account available
Cons: None so far|Cannot customize dashboard fully
Direct Generations advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Stable platform|Good analytical tools
Cons: Mobile app could be improved|Spreads widen during volatile periods