The trading name Dax Base has been around since 2023 and was operated by DX Base LTD. With its headquarters in the Marshall Islands, they don’t represent the most trustworthy company around.
However, one thing might change that – regulation. If the company has any top-tier licenses, the situation would change drastically. So, let’s find out in this Dax Base review if this company is legit or not.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Daxbase.com |
| Have Warnings from: | N/A |
| Registered in: | Marshall Islands |
| Operating since: | 2023 |
| Trading Platforms: | Proprietary web-based platform |
| Maximum Leverage: | 1:100 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, shares |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | With offshore registration and a lack of regulations, there’s an extremely high chance you won’t be able to withdraw any funds with this brokerage. If that happens, reach our chargeback team and get a free first consultation about the necessary steps. |
Legal info: Is Dax Base Legit or A Scam?
The only regulatory oversight in the Marshall Islands is provided by the self-proclaimed regulator – GLOFSA. Yet, this brokerage is not even found in their register. Therefore, the chances of finding them in the FCA, BaFin, ASIC, or similar database are minimal. We did it anyway, and the expectations were fulfilled.
Even though the company presents us with a “Forex Regulator” award and reward for guaranteed fast withdrawals, that’s all a lie. After all, there would be some Dax Base reviews proving that as well. Yet, there are none.
Who are Dax Base’s Victims?
The last update of the company’s domain was in March 2023. Therefore, it’s quite strange not to have any reviews whatsoever. Nevertheless, the analytics can easily show us where this company is advertised. Consequently, who their clients are. Sadly, those are mainly top-tier regulated countries:
- United States
- United Kingdom
- Canada
If you are coming from any of these, feel free to share your experience in the comments below. If you give us enough detail, our refund specialists can analyze it and possibly offer you a solution to recover the money. For quick feedback, send us a direct message.
Leverage, Commissions, Spreads, Fees and Taxes
Important to realize is that Dax Base Forex broker doesn’t reveal any trading costs. Yet, they expect us to trust them with our money. Why would anyone do that if they knew the company might rip them off with fees and commissions?
Nevertheless, even if you opt for such a mysterious journey, there’s one thing known. That’s a leverage of up to 1:100. Thus, there’s no negative balance protection.
Bonuses
The bonus policies are among the most suspicious things about Dax Base broker. The company offers up to a 100% bonus. But not only as a welcome bonus. Instead, you can get the bonus at any time.
The problem is that the bonuses are cumulative, and conditions are also required to be met for withdrawal. So, once you reach the withdrawal target, they might add more bonus funds and make it unavailable.
Dax Base Trading Features
One of the main features this company offers is the copy trading option. Generally, it might sound attractive. Thus, with unregulated brokers where most of the features are fake, what makes anyone trust copy trading options?
After all, manipulative software can modify anything to look like you are winning. Yet, it can be changed in a blink of an eye.
Trading Platforms Available
One of the easiest ways to avoid some scam tricks is to use a trusted trading platform, such as cTrader or Meta Trader. These are third-party options that brokers can’t manipulate. Sadly, with Dax Base, that’s exactly what you can expect since their platform is web-based.
Available Trading Assets
Even though the company is not quite transparent about the instruments offered, there are some hints. Apparently, there are all main categories available. Starting with:
- Forex – USD/GBP, EUR/AUD
- Commodities – crude oil, natural gas
- Shares – Google, Meta
- Indices – DAX30, CAC40
- Cryptos – BTC, ETH
Account Types
Sadly, the company’s account types don’t reveal any relevant trading information. We are lucky that Dax Base leverage is at least known. Anyway, there are three account options without precise starting requirements, except for the Dax Base minimum deposit of $250.
The main advantages of higher-scaled accounts are:
- Master class (web session)
- Personal success manager
Mobile Trading App
Another big disadvantage is that the company doesn’t offer any mobile apps. So, if you prefer mobile trading, you better start looking for another broker—if you haven’t already after the first paragraph.
But if you are still exploring your options, make sure to read our Blantomic review for more tips.
Demo Account
Since there are no reviews available, the company could offer a demo account for traders. This way, they could explore all the features and prove that their copy trading features work. Yet, those are just dreams.
Education
Unfortunately, the company doesn’t offer any trustworthy educational packages except for those web sessions with their specialists. But you can imagine the quality of the specialists when the company is not regulated.
Dax Base Withdrawal
As can be seen, Dax Base withdrawal allegedly doesn’t include any fees. This is except for card transfers, which would cost you 5%. However, their bonus policy reveals that you will be charged a 20% withdrawal fee if you don’t meet the necessary requirements. That might be changed at any time.
Also, the company is obviously intelligently forcing e-payment and crypto payment methods. After all, the ones that can keep them anonymous in some way.
Customer Support
One quite easy way to expose Dax Base scam broker is their support. The company offers a phone, e-mail, and live chat. It sounds promising, but hold on. The live chat also includes a live stream of their agents who are allegedly talking to you.
Yet, if you repeatedly open different chats, you will realize it’s a pre-recorded video. So, how do you trust such a company?
Key Information To Consider About Dax Base
With missing regulations and zero transparency, there’s nothing to expect from this company but to get scammed. Therefore, you know what to do. Report, write a review, and apply for a refund. It’s that simple.
You can book a free first consultation with our experts if you need refund assistance. Especially if you were sending crypto, you might need it and CipherTrace tool access for crypto transfer tracking. Don’t wait until the company withdraws all the money. Get in touch now.
FAQ Section
What is Dax Base?
Dax Base is an offshore broker registered in the Marshall Islands that has been offering services in some strictly regulated countries, yet without regulation.
Is Dax Base Legit?
Absolutely not. The company is not licensed and all their services point out that traders will most likely get scammed.
How to Get Money Back From a Scam Broker?
With card transfers is easy – contact us for a chargeback assistance. However, with crypto transfers, you’ll need CipherTrace and professional assistance. For more details, contact our refund team.
Source:
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