> For the complete documentation index, see [llms.txt](https://flipper-3.gitbook.io/flipper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flipper-3.gitbook.io/flipper-docs/faq/deforex-faq.md).

# DeForex FAQ

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<summary><mark style="color:$primary;">What is DeForex?</mark></summary>

DeForex is Flipper's on-chain trading category for forex-style and traditional-market exposure.

It provides access to markets such as FX, gold, commodities, stocks, and indices through Flipper's non-custodial trading infrastructure.

</details>

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<summary><mark style="color:$primary;">Is DeForex the same as traditional Forex?</mark></summary>

No. DeForex is not a classic broker-based Forex platform.

It brings forex-style markets on-chain through perpetual trading infrastructure and blockchain-based execution providers.

</details>

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<summary><mark style="color:$primary;">Is DeForex technically different from Perps?</mark></summary>

Yes.

DeForex is presented as a separate product category, but it uses the same general perp-based infrastructure as Flipper Perps while focusing on traditional financial markets.

</details>

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<summary><mark style="color:$primary;">What can I trade with DeForex?</mark></summary>

DeForex is designed for traditional-market exposure on-chain. Supported markets may include major FX pairs, gold, commodities, stocks, and indices. The currently available markets are displayed directly in the product.

</details>

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<summary><mark style="color:$primary;">How are DeForex trades routed?</mark></summary>

Flipper automatically routes each DeForex order through the currently supported execution provider. You do not need to select a venue manually.

In the current release, DeForex orders are executed through GMTrade. Additional execution venues may be added in future releases.

</details>

<details>

<summary><mark style="color:$primary;">Does DeForex use traditional brokers?</mark></summary>

No. DeForex does not rely on a traditional broker account or dealing-desk model.

Users access forex-style markets through Flipper's decentralized execution layer and supported on-chain providers.

</details>

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<summary><mark style="color:$primary;">Is DeForex non-custodial?</mark></summary>

Yes. DeForex is built on Flipper's non-custodial infrastructure.

Users authorize transactions through their wallets, while deposited collateral is held in Flipper's on-chain smart contract vaults according to protocol rules.

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<summary><mark style="color:$primary;">Does DeForex have broker spreads?</mark></summary>

DeForex does not operate as a traditional Forex broker.

DeForex does not use a traditional broker spread model. Execution costs depend on on-chain conditions such as liquidity, slippage, fees, funding, venue conditions, and route quality. Review the estimated costs and execution details before confirming an order.

</details>

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<summary><mark style="color:$primary;">Can DeForex use split execution?</mark></summary>

Not currently. DeForex orders use the supported GMTrade route and are not split across multiple venues. Split Execution may be introduced if the same market becomes available through multiple supported providers.

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<summary><mark style="color:$primary;">Do I need to choose a venue for DeForex?</mark></summary>

No. Flipper automatically uses the supported execution route for the market you select.

The trading interface shows the route and order details before you confirm the transaction.

</details>

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<summary><mark style="color:$primary;">Can I trade DeForex 24/7?</mark></summary>

Not for every market.

Trading hours depend on the underlying market. Forex, commodities, stocks, and indices follow their respective market sessions and scheduled breaks.

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<summary><mark style="color:$primary;">Does DeForex support leverage?</mark></summary>

Yes.

DeForex supports leveraged trading, including long and short positions, margin, Health Factor, and PnL tracking.

</details>

<details>

<summary><mark style="color:$primary;">How is DeForex different from using a classic Forex broker?</mark></summary>

DeForex provides wallet-based access to traditional-market exposure through Flipper's unified interface. Unlike a traditional broker platform, users can access Spot Trading, Perpetual Futures, and DeForex through one non-custodial product experience.

</details>