Daxbase Review

Daxbase

  • 24/7 customer support, low minimum deposit of $250, withdrawal in 1hour, licensed and reliable.
$500 for 50% bonus on $250 minimum deposit
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Details

Broker Daxbase
Website URL https://secure.daxbase.com/tiny/CZX6s
Founded 2017
Headquarters Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands,
Trading Platform Daxbase platform
Minimum 1st Deposit $250
Minimum Trade Amount $0.1
Bonus $500 for 50% bonus on $250 minimum deposit
Payout 95%
Free Demo Account Open Demo
Account Types Bronze, Silver And Gold
Deposit Methods Wire transfer, credit cards, bitcoin, ethereum and altcoins
Withdrawal Methods Wire transfer, credit cards, bitcoin, ethereum and altcoins
Expiry Times From 60seconds to 30minutes
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9

Pros

  • 24/7 customer support, low minimum deposit of $250, withdrawal in 1hour, licensed and reliable.

Cons

  • Not regulated by major regulatory agencies

Daxbase Review 2021: Is Daxbase Legit Or Scam Do You Wish To Trade With Daxbase platform? Make Sure To Read Daxbase Review Before Opening Account.

If you like trading binary options, forex or CFDs, you would like a good broker to trade with. Reasons are because if you trade with scam brokers you lose badly. At this point, the number of brokers have increased immensely. This gives you more reasons to ask search engine if a broker like daxbase is legit or scam. Otherwise you make a big mistake as somany brokers are there to scam you. We have dedicated this blog to help you understand how trading binary options works and which broker to trade with. On today’s review we will talk on daxbase broker.

A Brief History

Daxbase.com may have only launched in 2017, but the company behind this new brokerage is also in charge of established Binarycent. A credible company who is thought to stand by the safety of its traders with a proactive attitude to the protection of funds. So, what does their latest offering, Daxbase.com have to offer?

Daxbase Minimum Initial Deposit

If you are new to day trading, you don’t want hefty minimum deposit requirements. You probably want to dip your toe in the water before you take the plunge. Fortunately, daxbase broker requires an around industry normal deposit of $250 for new trading accounts. They are also offering a 100% deposit match bonus on any first deposit (check the T&Cs before using it).

It is also important to note, that whether you’re day trading on daxbase for forex, CFDs, or binary options, the minimum requirements will not change.

Spreads & Commissions

Day trading fees and costs can quickly stack up. So, selecting a broker that offers competitive spreads is important. With daxbase, a spread is normally applied. The spread is dynamic for particular instruments. It will take liquidity and external markets for the underlying financial instrument into account.

Whilst they are not necessarily the cheapest broker on the market they are by no means the most expensive. This means you hopefully avoid the brokers whose fees are so low you pay the price in poor execution speeds and an unreliable platform. Whilst the costs at more expensive brokers will significantly cut into your end of day profits.

Daxbase binary options trading

Daxbase Leverage

Daxbase.com do offer leveraged trading. This effectively allows you to borrow money to strengthen your position. The benefit to this is that it could significantly increase your profit potential. However, it also comes with the risk that losses will be magnified.

The company restricts all customers by default to a maximum multiplier of 1:100, in line with legislation. In addition, a customer’s loss is limited to their original investment amount, so the remaining amount of equity is protected.

Daxbase.com can charge a commission for opening an un-leveraged cryptocurrency CFD position. This could be anywhere from 1 to 2.5% of the transaction. Opt for leveraged CFD cryptocurrency positions and the fee could climb to 5%.

So, if you are looking for forex leverage, daxbase broker can tick that box. Just ensure your strategy and money management system takes into account potential losses.

Other Trading Fees

When you are making a high volume of trades each day, costs can quickly add up. That is why you need to look for trusted online day trading brokers. Daxbase is legit and one of the limited numbers of brokers who attempt to make their fee structure as transparent as possible.

However, it is worth pointing out that daxbase broker reserve the right to charge a customer a swap fee of 0.07% of the face value of the position, if they wish to hold a position overnight.

It is also worth highlighting that there is no maintenance or registration charge when you sign up for an account with daxbase.

Finally, keep an eye on their official website for joining offers and promo codes. Sign up at the right time and you could benefit from free trades.

Daxbase Review On Trading Platform

As customer reviews of daxbase.com highlight, one of the unique features of this online broker is that they have chosen to design and create their own in-house trading platform. Whilst many will be used to the MetaTrader 4 (MT4) platform, there are certain advantages to the approach taken by daxbase.com:

  • By not using a third-party platform, they can ensure both the quality and reliability of their online trading platform.
  • Daxbase.com know precisely what is happening to and on their platform at all times. Hopefully, this can streamline the querying process and ensure any problems and glitches can be ironed out swiftly.

Daxbase web trading platformdaxbase web trading platformDay trading on the daxbase.com platform is straightforward to get to grips with for both beginners and experienced traders. It has been specifically engineered to retain usability, while still offering the variety of sophisticated trading tools and resources many day traders require. For example, in-depth trading tutorials can walk new traders through the platform.

The sleek system makes selecting your financial instrument a hassle-free process. You can get to the currency pairs, commodities and indices of your choice with just a few clicks. Plus, not only do you have your major currency pairings, but you also have access to cryptocurrency pairings and fixed return options.

You will also find that because their platform is web-based, no lengthy downloads are required.

A useful additional feature of the platform comes in the form of their social trading feature, also known as ‘copy trading’. This not only allows you to learn from experienced and successful traders, but it enables you to actually copy the trades of high earning traders.

Daxbase Mobile App Review

The daxbase mobile app is a powerful trading solution for iOS and Android devices. Offering a full suite of tools and features, it’s an excellent supplement to the desktop solution. The broker’s full range of assets are available, from cryptos and stocks to binary options and forex. Full account management and copy trading is available on the mobile app.

trading appdaxbase trading app

Methods of Payment

If you’re using daxbase.com from the UK, Europe, or anywhere else, you can deposit and withdraw money conveniently. Daxbase.com have embraced the world of digital currencies, so you can now use any of the following methods:

  • Bank wire transfer
  • Credit cards (VISA/MasterCard)
  • Bitcoin
  • Ethereum
  • Litecoin
  • Altcoins
  • Neteller
  • Skrill
  • Perfect Money

This should put all customers at ease, knowing their funds are easily accessible.

Daxbase Review On Accounts Types

Whether you are trading daxbase.com CFDs, binary options, or forex, you will have the choice of three different accounts. The amount you deposit will depend on which account type you are eligible for. The three options are as follows:

  • Bronze – The minimum deposit is $250. With this account, you benefit from withdrawals in one hour, 24/7 live video chat support, a demo account option, plus their copy trading tool.
  • Silver – To qualify for the silver account you must deposit a minimum of $1000. You will then benefit from all of the Bronze features, plus you get a personal success manager and a master class web session.
  • Gold – This requires a minimum deposit of $3,000. For that, you will get all the Silver features, plus a bonus of 100%. You will also benefit from an individual account manager, plus have access to a Swiss pre-paid card.

As you can see, the greater your initial capital, the more day trading help you will receive. The switched on intraday trader will be aware that often, the greater tools and resources at your disposal, the better your chances of generating earnings.

Daxbase login review features

Demo Account

Once you have made a deposit, you gain access to a daxbase.com demo account. This is the ideal place to develop a strategy and get familiar with market conditions using simulated money. Then, when you are confident, you can start putting real capital on the line.

Using practice accounts like the one offered by daxbase.com remain one of the top day trading tips for beginners.

Additional Features

Trading Contests

One of most interesting features that this review of daxbase.com has found, is their weekly contests.

There is no entry cost and twenty winners are listed each week. Both beginners and experienced traders can compete, as all accounts automatically participate. The best part though, a prize fund of $20,000.

Weekly day trading contest daxbase.com

Safety & Security

As cybersecurity is on the rise and online scams prevalent, being able to trust your broker with your confidential data is paramount. Fortunately, security at daxbase.com is a priority.

They use a high-tech, sophisticated system to bring you 100% secure trading and full data protection for all customers.

Regulation & License

Unfortunately, day trading websites sometimes suffer from bad press as a result of fraudsters. This makes it all the more important to check your broker can be trusted.

Whilst daxbase.com do comply with financial regulation standards, they are not limited to a specific country’s regulatory framework. They are licensed by the Finance Group Corp, who are located at, 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. It’s worth noting this means daxbase.com is not regulated by CFTC, like most US forex brokers.

Benefits

The best online trading firms need to tick plenty of boxes, regardless of whether you’re forex day trading, or interested in CFDs and binary options. Customer reviews of daxbase platform reveal numerous benefits from this broker:

  • Accessibility – They facilitate day trading for global customers, excluding the USA.
  • Low minimum trade size – You can enter positions with just $1. This is ideal for beginners and those with limited start-up capital.
  • Funding methods – Daxbase.com facilitate payments via a range of payment types, from credit cards to cryptocurrencies.
  • Customer support – Customer support at daxbase.com is fast and reliable. Very few brokers offer the 24/7 multi-lingual video support found on their system. In day trading, every second counts, so having any glitches or queries remedied and answered efficiently can prove essential.
  • Non-stop trading – You can trade every day and through the weekends. This is ideal for busy traders who have to fit their trading around other commitments.
  • Withdrawal speed – Nothing dulls a win than having a considerable wait to get hold of your profits. If you day trade with daxbase.com, they guarantee your withdrawals will be processed within one hour.
  • Trading contests – daxbase.comregularly run trading contests. Not only are they great practice, but there are also cash prices. You will find more details on these competitions below.

Drawbacks

Despite the numerous benefits, there remain certain drawbacks to day trading with daxbase.com:

  • Web-based limitations – Many of the best online day trading brokers offer a variety of accessible trading platforms. Day trading on daxbase.com, however, restricts you to just their web-based platform. This means all trades must be placed through their website. Having said that, some traders will find this straightforward system convenient.
  • Restricted additions – As a result of their web-based platform, you are unable to utilise certain systems, such as forex expert advisors. It may also mean other indicators and tools will not be compatible. US clients are also not accepted.

Daxbase Trading Hours

At daxbase.com, you can day trade binary options, forex, and CFDs 24/7. Not every online broker offers this, making daxbase.com a good fit for those with limited time or changing schedules. Quite simply, it ensures entering a position on the way to work, before bed, or late on a Sunday evening will always be an option.

Contact & Customer Support

One of the greatest selling points in this daxbase.com review is their new live video chat feature. You can access this feature directly from their homepage and this should afford traders peace of mind.

Agents will be on hand to remedy any problems, via a public or private live video link. This standard of support assistance is much higher than the industry average. This makes daxbase.com a strong contender for day traders still finding their feet, or those that want re-assurance that live support is just a few clicks away.

If you wanted to contact the company who owns the Forex, CFD and binary options broker, they are called Vide Projects Ltd. Their registration number is 11461 and their address is 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles.

Contact numbers are:

  • USA – 849 937 0843
  • Australia – 61 8 5550 7288

You can also email support@daxbase.com

Verdict

If you are looking for the best online day trading brokers, then daxbase.com deserves a look in. Despite being relatively new, it offers attractive weekly contests, a bespoke trading platform, plus live video support. In addition, with a number of online trading accounts, plus straightforward setup and use, this broker is an attractive proposition for both beginners and experienced traders.

Accepted Countries

Daxbase platform accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries etc.

Is Daxbase Legit Or Scam?

Is daxbase legit or full con? This is one of the best binary options platform both for beginners and advanced traders. The company  has existed for 4 years plus now and still provide a reliable platform. However even with current changes in financial markets, daxbase still certify their customers. The broker daxbase is legit, honest and cheap to trade with. They offer education,  instant withdrawal, free risk trade and bonuses. However, we can quote that Daxbase is legit as the customer service last for 24/7.

Daxbase Review Conclusion

Finally we will conclude our daxbase review by telling you to start trading with the broker. Daxbase is legit and reliable to trade with. If you actually need a broker that will provide you with best trading service for binary options, then go for this low minimum account. If you are still doubting if daxbase is legit, you can request demo here

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