In this DAX Base review, we aim to uncover the truth behind this crypto trading broker. The first thing you should know about them is that they are not legitimate and present a major red flag. Therefore, we advise all crypto traders to stay away from this broker. We are showing you more details in the DAX Base scam trading review below.
To begin with, the broker does not fall under any regulating agency, which is the first suspicious thing that we noticed. Its website has links to “automated trading software,” and in our experience, this is another signal for a potential scam – websites like these are often part of scamming schemes. So, in reality, the DAX Base trading review below shows that this platform is just another unregulated forex broker that you need to stay away from. Customers on it are not protected, and depositing money is a risk since there is no regulating agency in charge of holding the broker responsible for their actions.
DAX Base: Main Broker Features & Fees
For those of you who still want to learn more about DAX Base, this is an online broker that specializes in trading currency pairings, cryptocurrencies, stocks, and foreign currency pairs. The variety of assets makes it fit for Forex, CFD, and options trading. While the trading is interesting, you can hardly withdraw any money and will likely be part of a fraud.
As the website says, the trading platform features allow you to trade while having control over your investments. However, it is not something that we advise on – our DAX Base trading review shows that this broker is unregulated and a potential scam.
Moreover, the company’s headquarters is in the Marshall Islands and says that it is regulated by DX Base Limited. The office is located at Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands: MH96960. Since DAX Base is not regulated nor approved, everyone should be careful when trading on their platform, as it involves higher risks.
DAXBase Trading Reviews: How Do They Scam Users?
The DAX Base trading reviews online show that the platform mostly calls people to persuade them to make an initial minimum deposit, trying any conceivable method to make that happen. In this manner, they will offer any types of deals that are usually too good to be true, to later find that they are not actually true. For instance, doubling your initial deposit, making $100 per day easily, and so on. The DAX Base scams always promise something that is not entirely realistic.
Once you make the initial deposit and hope that they will find a decent DAX Base review online, people realize that they are transferred to a scammer agent (called a “retention agent” in their library) who tries to persuade you to put even more money. So, depositing money is something that the broker pushes for but is not something that anyone should do and be scammed.
Withdrawals Are Almost Impossible!
Now, let’s speak about withdrawing money from DAXbase. In reality, you should be able to submit your withdrawal request quickly. However, know that your funds are never safe – plenty of users realized this and have posted negative DAX Base trading reviews online. The broker is unregulated, which makes withdrawals tricky.
So, if you want to withdraw your money and you don’t care if you got any profits or not, the broker will try to delay the process. As you can see in this DAX Base review scam, they will also attempt to delay things for months! So, if you don’t get any updates, you also won’t be able to file a chargeback, too, and your money will be gone for good. It really doesn’t matter how often you remind them or insist that you need to withdraw your money – you won’t get a cent back.
Another important thing to note in this scam DAX Base review is that if you, as a user, have signed the Managed Account Agreement (MAA), you have basically authorized the broker to do anything they want on your account, making a withdrawal impossible. That is why there are so many negative reviews online and why people are saying a lot of bad things about this scam broker.
Some Reviews Show There Might Be A Way To Get Your Money Back!
If you want to get your money back from DAX Base after depositing something with them – and they refuse to do so – there are some options to be explored. First, make sure to keep all emails as proof that you have been requesting a withdrawal from them. Once you do that, perform a chargeback – contact your bank or credit card provider and explain how you were scammed by the broker. Say that they are a trading company that is unregulated and refuse to give your money back. You may have luck with this, so it’s never late to try. However, if you sent them a wire transfer, there is no way to perform a chargeback – you have been part of the DAX Base scam, and you should learn for good.
DAX Base Is A Scam, So Be Careful!
This DAX Base review, as well as many legitimate DAX Base trading reviews out there online, show that the broker is a scam and something to stay away from. A good rule of thumb is to always check our DCForecasts Broker Reviews before choosing a forex or any type of company or depositing money.
We hope that this DAX Base trading review is helpful to you. In the end, remember – the best way to trade crypto and forex is by registering with a regulator broker. Our list can help you choose some of the best crypto brokers out there.