DAXbase review and test – Is it a scam or not?
- DAXbase review and test – Is it a scam or not?
- What is DaxBase? – The broker presented
- Regulation and safety for users
- Trading conditions for users:
- Assets and Leverages:
- CFD and Forex
- Test of the DAXBase Trading Platform
- Mobile Application with DAXbase
- How to trade:
- CFD and Forex Trading
- How to open an account with DAXBase
- Demo accounts
- Payment methods
- Deposit and minimum deposit
- How to withdraw money
- Support and services
- Conclusion: DAXbase is not a scam but an unregulated trading service
(3 / 5)
100+ currencies, stocks, indices, crypto
Forex, CFD, Options
Introducing you to the trading world’s widely acclaimed online trading platform, DAXbase. To have your trading career successful, you must hire a suitable broker who has all the information to fulfill your wants.
This platform has a wide range of benefits for traders. From protecting your investments, to invest them in the proper place. You can always have an online guide with you as educational resources they have made available on the site.
The users are allowed to have easy access to the webmaster classes. To create better understanding and use of those learned skills to get long-term trading benefits. To know more about DAXbase we have written a review article for you. That will let you know about the company, its features, and working criteria.
What is DaxBase? – The broker presented
DAXbase is an online broker that specializes in trading currency pairings, cryptocurrencies, foreign currency pairs, and stocks online. Because of the variety of asset classes that the Finance Group Corps manages, DAXbase excels in offering Forex, CFD, and options trading.
DAXbase includes features that enable you to trade while maintaining proper control over your investments, ensuring that you do not lose all of your money. It allows the trader to build impressive portfolios in the same way that top traders do. Additionally, it is cross-browser compatible.
Moreover, their headquarters is based in Majuro, Marshall Island, regulated under DX Base Limited. The registered office of DAXbase is located at Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands: MH96960.
With DAXbase you can have multiple good experiences, only if you invest properly.
(RIsk warning: Your capital can be at risk)
Regulation and safety for users
Because DAXbase is neither regulated nor approved, customers should exercise caution when trading on this platform, as it involves higher risks. Don’t worry about transaction security; all of your information is processed over a 256-bit SSL layer, ensuring that your personal information remains secure.
DAXbase additionally ensures that all users’ funds are protected in European banks and are not subjected to any fraud.
DAXbase is not a regulated company and investment service!
Trading conditions for users:
According to the information provided on the website, there are no fees associated with setting up an account. However, when it comes to profit sharing or fees, the broker charges a 5% commission on leveraged CFD cryptocurrency transactions on this platform.
Assets and Leverages:
Options trading involves risk but the return can be up to 90%+.
DAXbase offers simple asset classes for trading purposes. Optional trading on DAXbase comprises Currencies, Crypto, Stocks, and Commodities, all of which cannot be leveraged. The following is a list of assets and their descriptions:
CFD and Forex
The working of stocks is a bit different than assets. But the CFD and Forex involve the same execution process. Both these instruments are traded on the same platform, and their charts and pricing choices are almost identical. CFDs are available in a variety of asset classes at DAXbase, including crypto, commodities, equities, and indices. Unlike options trading, these assets also allow for leverage. There are over 50 CFD stocks to choose from, like Apple, Tesla, Starbucks, and many others.
Leverage is allowed for CFD and Forex but there is a limit. For example, the maximum leverage allowed for forex, index CFDs, and commodities CFDs is 1:500, whereas the maximum leverage allowed for stocks is 1:100. In the case of bitcoin CFDs, the leverage is 1:10. You can choose any pair from seven leading pairings, as well as minor and exotic pairs, based on your preferences.
Cryptocurrencies and CFDs
Indices and CFDs
Commodities and CFDs
(RIsk warning: Your capital can be at risk)
Test of the DAXBase Trading Platform
DAXbase is a web-based platform that appears to contain all of the tools and features that traders want, such as fundamental research, trading pattern ideas, charting tools, an economic calendar, and more.
There is no need to download any software because this platform is accessible over the web. That means your device is secure from any malicious viruses.
You may quickly create a broker account on the website, which is compatible with all major browsers like Mozilla Firefox, Google Chrome, Microsoft Edge, and others. It can’t be hacked or infected with a virus, so relax.
The DAXbase has a simple commanding keyboard and a user-friendly UI. Whether you are a novice or a seasoned trader, this platform will benefit you equally.
To create an account, enter your email address or password, and that’s all. You may now access all of the platform’s essential financial tools. The reason DAXbase gives you access to financial tools and account tabs. Is to help you to trade more effectively.
You may find important information such as financing methods, withdrawal methods, account kinds available, and bonus information in the top right corner of the website. You may check open, close, and pending positions by clicking the trade now button at the bottom. This information is also crucial for portfolio diversification, trade evaluation, and backtesting.
Another unique feature of DAXbase is that you can receive assistance by using the chat button in the lower right corner from the customer care representative.
When you sign up for this platform, you will get access to a tick chart. That holds several benefits both for a novice or seasoned trader. This chart features asset price movement that gets upgraded every second. With the right strategy, you can take advantage of small asset movements. Whether they are forex pairs, crypto pairs, cryptocurrencies, or stocks. They are willing to bring you better profits in no time.
This chart is beneficial for giving you guidelines to go with the trends and to warn you when you are going against them. You can take a lot of benefits from options charts as they also feature the fluctuation of the assets for better understanding.
In the options chart, all the calls and puts are mentioned according to the underlying expiration date. That means with a time chart, you can easily maintain your quick, profitable trades without any hassle.
The timer you will see on the chart tells about the option expiry timing. Option charting is beneficial in many cases, as you also have the freedom to switch to a candlesticks chart.
CFD and Forex Charting
With CFD and Forex charting, you can start trading like a seasoned trader, since it provides all of the information you’ll need to get started. These CFD and Forex charts range in length from 5 seconds to 1 month, allowing you to evaluate the price movement and the highest and lowest values with upper and lower limitations. You may also select a specific interval to examine the price trends at that period using this function, which is entirely adjustable.
These charts are fueled by the trading view, which caters to all of your charting requirements while also providing you with features on your charting software’s bar.
That makes it easier for you to create your pattern, mark the trades you like or are lucrative, and assign points to your trades.
CFD and FX charting will assist you in determining when to join the market to place lucrative orders and improve your technical analysis. These CFD and forex chartings rely on candlesticks, which are dependable. Candles, Bars, Heiking Ashi, Line, Hollow Candles, and Area charts are among the modifications available for better trading analysis.
These charts allow you to choose from five different chart frames: 1m, 5m, 15m, 1 hour, and one day. These charts let you select the time zone, backdrop, style, size, and various other characteristics to best suit your requirements and interests.
These charts are designed for technical analysis, come with a variety of free indicators and text choices, allowing you to add anchored text, notes, callouts, and other information to your forex trading. For your convenience, these charts also include price feeds from several brokers.
You’ll be able to utilize several prominent indicators like MACD, RSI 14, and pivot point on DAXbase, and knowing how to use these indicators will help you trade more efficiently. You’ll also get access to harmonic patterns and measurement tools, which will help you obtain a better picture of the transaction you’re making an estimate potential gains and dangers.
Whether you wish to utilize a log scale, a linear pricing scale, or a percentage scale for your charts. Feel free to alter your charts to fit your demands and gain a piece of better knowledge. For added convenience, all of these charts may be saved and loaded later. You may view these charts and get access to drawing tools by logging into your DAXbase account.
Gives you more flexibility in backtesting and price analysis by providing information on a specific currency or asset since it was first launched to the market for a more secure trading experience. You may easily take a picture of your preferred material thanks to easy access to the charting tool.
For Forex and CFDs, DAXbase allows you to trade in five distinct asset classes.
- Stocks are all part of this.
Mobile Application with DAXbase
Till now there is no mobile application available in the store.
How to trade:
Before you begin options trading, understand more about the strategies and assets you are willing to trade. Grasp the fundamentals of binary options and other words used in options trading, such as put and call since this will enable you to trade effectively while reducing the risk.
You purchase and sell certain assets at a specific time or a specific price in options trading. You can only trade Forex items like commodities, equities, and cryptocurrencies.
Depending on the expiry of your option, you can trade short or long-term options. For as little as 30 minutes or as long as a couple of years. So whether you want to make a long or short put and call it is totally up to you.
Options trading is a type of self-directed trading that differs from conventional trading in a few ways. Options trading entails risks, but when done correctly, it may result in significant savings and profits. The expiration dates of the options are so important, You will see three different sorts of options: Turbo, Intraday, and Long Term.
- Turbo trading allows you to trade options that will expire in the following 30 minutes.
- Intraday: Intraday has a little longer period than daily since it allows you to trade options that will expire at the end of the day.
- Long-term holdings are those with expiration dates of more than one month, and many clients opt to go for a long-term trade.
With call options, you may acquire certain assets at a fixed price called the strike price over a set period. In the case of a put, you have the opportunity to sell an underlying security at the striking price within a certain time limit, commonly known as the option’s expiration date.
You may also adjust the timing of your trades using DAXbase fix time mode. You have the option of selecting either call or put and entering the amount you wish to spend or demand.
Another intriguing aspect of DAXbase is that it provides a table of all your successful or pending transactions made on their website, which may be good for technical analysis.
The table on the website contains all the details of put and call, the strike price, time, expiration date, order set, limits, and payouts for better understanding and diversification of your portfolio.
(RIsk warning: Your capital can be at risk)
CFD and Forex Trading
Both CFD and Forex trading include the same techniques and charts to follow, but you do not own the underlying asset in either case.
Currency and CFD for crypto pairings, commodities, indices, equities, and cryptocurrencies are among the asset classes and their corresponding assets. So that you may purchase and sell assets that you like, as well as those that have a better chance of rewarding you.
CFDs contain diverse contracts such as metal, energy, and indices, whereas Forex is only currency trading. To make a bearish trade, you’ll need to gather information on both the firm and the asset you’ll be trading.
Examine the asset’s trading chart and history, as well as how much it has benefited others and any associated economic news. You will get an advantage and be able to make a lucrative transaction as a result of this.
Because leverages are permitted, all transactions you place will always have the leverage of 1:500, regardless of whether you wish to purchase or sell fast or place a trade. Setting up trade has several advantages, including the potential to establish a limit order for minimum or maximum pricing. Alternatively, you may trade using a market order and enter the amount of money you’re prepared to risk in the appropriate box on the website.
Copy trading is a strategy for following other successful clients on the site and learning how they built a fantastic portfolio. Copy trading is a great way to generate money if you are new to trading or don’t want to spend a lot of time learning.
DAXbase also provides its clients with the copy trading function, which allows them to see a chart of the most profitable top 10 trades in the last few months and their other profit ratios. That will enable you to make a substantial sum of money.
How to open an account with DAXBase
You may create a DAXbase broker account in less than a minute. Providing you with the convenience of trading by giving three different types of accounts to suit your needs.
The broker offers three categories of broker accounts on DAXbase: Bronze, Silver, and Gold, each with distinct minimum deposits and advantages. They make it simple for you to trade in your favorite currency, whether it’s US dollars, Euros, British Pounds, or Russian Rubles.
You’ll need to give your full name, email address, a strong password, address, and currency to create an account on DAXbase.
After filling out all of the required information and agreeing to the terms and conditions, click the sign-up button to begin trading.
Because DAXbase is an unregulated and unlicensed brokerage service, you should exercise caution if you want to invest large sums of money. Always read the privacy statement thoroughly.
You will receive a non-withdrawable bonus from the broker’s site, which you may use to trade, depending on the type of account you pick and how much money you deposit initially.
- Bronze Account: This is DAXbase’s most basic account, with a USD 250 minimum deposit limit. You may learn through copy trading and by trading on a demo account.
- Silver Account: The silver account has the same benefits as the bronze account, but it also includes access to a master class of web sessions where you can learn how to trade. The minimum deposit amount is $1000, and you will receive a 50% bonus.
Provides three risk-free transactions, which means that if you lose money in your first three trades, you’ll get your money back as trading funds in your account.
- Gold Account: Includes all of the benefits and features of a silver account plus the services of a personal success manager. The minimum deposit amount is USD 3000, with a 100% match bonus.
(RIsk warning: Your capital can be at risk)
It’s simple to create a Demo account. There is a link supplied by the site for joining up. Keeping all of the aforementioned trading criteria the same as we stated earlier, there is just one option available on the screen: account currency.
The goal of this trial account is to allow individuals to have a complete understanding of the trading platform without jeopardizing their actual money. We’re not sure how long you’ll be able to use this account to explore the platform.
You can ask the support for activating the demo account after depositing the minimum deposit of $250.
DAXbase has various payment methods. Funds can be paid through Ethereum, Bitcoins, Altcoin, Perfect Money, and using Visa or Mastercard debit or credit card.
Depositing any amount on weekends or public holidays might make you wait for a little because DAXbase doesn’t operate on weekends.
There is no transfer fee in using Bitcoin, Ethereum, Altcoin, and Perfect Money when you deposit any fund. But you will be required to pay 5% if you are adding an amount using Visa or Mastercard. This amount is the card company’s requirement which automatically means DAXbase doesn’t charge at all.
Deposit and minimum deposit
Depositing funds is an immediate event that doesn’t get delayed until it’s the weekend or a public holiday.
The least amount required to be deposited by the account user is $250 for a bronze account. If you feel interested in any other account then you will be required to deposit at least $1000 for a silver account and $3,000 for a Golden account. There is no surety that this threshold gets lessened after opening an account.
How to withdraw money
Using the same payment methods one can easily withdraw the amount from the DAXbase account within 1hour. Sometimes due to the verification procedure, it may take longer but the usual time for withdrawal is up to 1 hour. The minimum withdrawal allowed is $50.
The bonus offered by DAXbase is based on the amount of money deposited by the account holder and can range from 10% to 100%. After complying with the promotion’s requirements, you can cash out your bonus.
You may easily receive:
- a 20 percent bonus if you invest between $250 and $499
- a 50% bonus if you invest between USD 500 and USD 2,999
- a 100 percent bonus if you deposit USD 3,000 or more.
Every week, this trading platform hosts trading competitions for its users. The only prerequisite for participation is that the account should be active. This will allow the DAXbase client to participate in the competition automatically.
Prizes vary with the position clients achieve. There are no restrictions on withdrawing cash earned as a reward in DAXbase trading contests, however, the bonus may only be taken after satisfying the volume trading conditions and limitations.
DAXbase does not provide referral links that allow users to make extra money by sharing the link with their relatives and friends. DAXbase, on the other hand, offers promo codes that may be used to avail of discounts.
Support and services
The online trading platform, DAXbase, provides help in several languages to DAXbase traders.
On weekdays and weekends, DAXbase’s customer assistance is available 24 hours a day. For registered members, DAXbase offers to resolve your queries by giving access to public group chats and private group chats.
A customer support representative will contact the trader through email or live video broadcast with solutions to his queries. Not only that, but traders may also contact DAXbase customer service by phone, phone numbers are accessible for individuals who speak native languages including English, Russian, Chinese, Thai, Singapore, and Australia.
- +1-829-9476391 (English)
- +7-499-3806317 (Russian)
- 3-395-0396 (Chinese)
Conclusion: DAXbase is not a scam but an unregulated trading service
DAXbase is a great online broker platform that caters to all of your trading needs by providing a diverse selection of asset classes to provide you more professional-level market exposure. By visiting the site, you will have access to a slew of other advantages. For example, they provide a sign-up bonus of up to 100% to assist you to expand your purchasing power.
They ensure that you understand how the platform works through various online sessions, video lessons, and masterclasses so that you can make profitable trades. Customer assistance is available in a variety of languages.
They frequently provide amazing promo codes on their social media pages as well. Those promo codes and referral codes give you a bonus along with a singing-up bonus.
With its benefits, DAXbase also has certain drawbacks that prevent novice and experienced traders from utilizing it. One of the most significant drawbacks is that this website is unregulated. They also provide fixed leverage, which is extremely hazardous, as most traders avoid trading with leverage.
We have reached the end of our review article. The only thing we have to say is just to be careful while trading.
Learn and manage everything properly to earn good profits. Good luck!
(RIsk warning: Your capital can be at risk)
People dealing here are experts so it does make the platform reliable somehow but you must always invest after critically analyzing. It is not a regulated trading platform.
No, DAXbase doesn’t withhold tax from payments. It’s your responsibility to pay tax according to your country’s legislation.
Identification and verification are required for withdrawals.
No, it’s not regulated.
Contact customer service.
No, there is no mobile application available.