Dax40: broker review in 2024
Dax40 invites you to explore investment opportunities and expand your investment horizons. However, before registering on the platform, it is worth paying attention to reviews about it, which unfortunately often have a negative tone. After conducting research, we are ready to share with you the key information to help you make an informed decision. First and foremost, you will learn about our legal document verification, commercial offering, and also be able to familiarize yourself with reviews from our former clients.
Company Information
On the Dax40 platform, it is stated that the company has been offering exclusive financial consultations for over 10 years. We strive to become a reliable partner for traders and help them grow their capital. However, as our analysis shows, all these promises are worth very little.
Through the whois service, we found that the domain dax40trade.org was registered in November 2023. Considering this, reviews about the project are extremely limited as its offer has just started being promoted online.
Another alarming fact is the inadequate customer service. Although the broker lists several communication channels with company employees, in practice, only an email address is available. According to clients, the support only assists with account opening and balance replenishment, without aiming to resolve more complex issues. When approached with additional questions, the contact is cut off.
Legal Base Verification
The first step in choosing a broker is to check for the necessary documents. Dax40 claims to be registered in England and holds licenses from several reputable regulators in various jurisdictions such as the UK, Spain, USA, etc. However, the platform does not present any document confirming the existence of such licenses. Our research showed that none of the mentioned regulators have any information about this company.
How Does the Fraud Scheme Work?
A representative of Dax40 targets newcomers, enticed by the opportunity for quick earnings in financial markets and willing to disregard risk management rules. Scammers promise professional assistance and the start of trading from a minimum amount. While the client invests small sums, they are shown profitable deals. Then, they are encouraged to install a remote access program to supposedly assist in making profitable trades. However, in reality, scammers use the program to access the trader’s personal account and funds, depleting them in a short time.
I am deeply dissatisfied with Dax40’s broker work due to the lack of transparency, poor communication, and unfavorable trading conditions they provided in 2024.