Additional Information About Daxbase Company
Daxbase invites everyone interested to invest and profit from market changes. However, the reliability of this firm is in doubt. Reviews from real clients suggest that it is a foreign “kitchen” oriented towards deceiving naive investors. After analyzing key data about Daxbase, it will be possible to more accurately assess how much this corresponds to reality.
Company Overview and Risk Assessment
Daxbase platform lacks a specific development plan, making it difficult to assess its progress and successes. The company claims to service over 10,000 deals daily. The domain registration date of daxbase.net is October 7, 2022. Reviews about the company date back to an earlier time, starting from 2020. Upon analysis, it was found out that the company had a different website before – daxbase.com, which was later blocked.
Users also point out the use of fake contact phone numbers on the Daxbase website, as well as other fraudulent companies like IQCent, NumeroTrade, Binarycent. These projects are run by the same people. After moving to a new domain, the creators of Daxbase seem to have tried to revive the project and continue deceiving investors.
Analysis of the Company’s Legal Status
DX Base LTD, the parent company of Daxbase, is registered in an offshore zone – the Marshall Islands. The address presented on the site is often associated with financial fraudsters and is likely fake. There are no confirmations of the company’s registration and licensing. Despite being added to the Bank of Russia’s blacklist, it continues to operate in CIS countries without official permission. Even after the blocking of the daxbase.com domain, the Central Bank of Russia has not yet included the new domain on the list of banned sites.
Cooperation Policy and Trading Conditions
The website promises convenient and secure trading in the Forex market and through CFD. However, the minimum entry threshold for traders is unclear. The site mentions different figures: the initial deposit ranges from 100 to 250 dollars. It is essential to remember that withdrawing funds from a fraudulent platform may be impossible. There is no demo account available for testing the functionality.
Several tariff plans have been developed:
- Bronze: profit withdrawal within an hour, real-time video chat;
- Silver: 3 risk-free trades, online masterclass;
- Gold: Swiss payment card, personal manager.
All trading accounts offer leverage up to 1:100, minimum trades from 1 dollar, and the possibility to copy trades of professionals. Additionally, the company lures investors with prize draws, including participation in the Binary Options Contest with a prize fund of up to 2,000 dollars. Users view this as a trap for inexperienced investors.
Real User Reviews
Based on numerous negative reviews online about Daxbase, the domain change has not altered the situation. Users complain about financial losses and criticize the company’s internal policies. Scammers block accounts, manipulate the trading terminal, and create issues with fund withdrawal processes. It is challenging or even impossible to earn on the platform, even with trading experience.
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Financial Fraud Scheme
Daxbase company employs deceitful methods to deceive traders, attracting beginners and manipulating their desire to earn. Instead of real investments, traders are confronted with dramatized trading. Scammers simulate profitable trades to induce further investment.
Additionally, fraudsters convince users to download specific software for remote access, positioning it as an educational tool. However, it is actually used to gain access to clients’ personal and financial data. In the end, the trader incurs losses and realizes they fell into the Daxbase trap. Attempts to reclaim the funds are unsuccessful, as scammers have no intention of returning them.
In Conclusion
Daxbase Company is a fake broker backed by well-known scammers. They have created numerous similar fraudulent projects. The offshore enterprise has caused losses and disappointment to many users. Do not fall for promises, be wary of collaborating with such dubious organizations like Daxbase!
