Since its launch in 2019 in the Majuro Islands, Daxbase has been offering online financial services to a global clientele whilst operating the Straight Through Processing (STP) execution model. They provide clients with their own proprietary trading platform and offer multiple financial instruments across different asset classes, including currency pairs, stocks, and cryptocurrencies. There is a wide choice of different account types and payment methods. Traders get access to 24/7 customer support and educational resources to help them in their trading decisions.
Daxbase Review Introduction
In this Daxbase review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Daxbase.
Daxbase Platforms & Tools
The broker provides traders with their proprietary trading platform. The Daxbase trading platform is developed in-house for trading the offered financial products. It has a copy-trading feature, which allows traders to copy the trades of other traders. Note that there are no guarantees on the performance of copy trading, and you should have a clear understanding of all the significant risks involved with trading online.
Daxbase Research & Education
Daxbase provides traders with some educational resources to help improve their trading skills and knowledge. They include web master class sessions for traders with Silver and Gold and Accounts and an FAQ section that has answers to traders’ most common questions.
Daxbase Trading Accounts
Daxbase offers clients access to a variety of trading account types; they have minimum deposit requirements ranging from $250 to $25,000. They include Bronze, Silver, and Gold accounts. Demo accounts are also available for traders who would want to try out the broker’s platforms with virtual funds before opening a live trading account.
Daxbase Account Funding
The following payment methods are accepted at Daxbase as the available account funding and withdrawal methods:
- Bank transfer
- Credit/Debit Cards — such as Visa, MasterCard, Maestro
- Cryptocurrency — including Bitcoin, Ethereum, Monero, Litecoin, and more.
- E-Payments — such as PerfectMoney, QIWI, WebMoney, Neteller, JCB, and more
The broker does not charge deposit or withdrawal fees, but you should check your payment provider for any third-party fees. The time taken to process transactions depends on the payment method used.
Daxbase Customer Service
Daxbase provides traders with a multilingual customer support team that can be reached via telephone, email, live chat, and social media to offer prompt responses to clients’ general, technical, or account-related inquiries.
Daxbase is operated by DX Base Limited, with its registered office at Trust Company Complex, Ajeltake Road, Majuro, Marshall Island: MH96960. There is no regulatory information on the broker’s website. Most experts and professionals would not trade with an unregulated broker because they do not offer any protection.
Daxbase Review Summary
Daxbase is a retail broker that is based in the Marshall Islands and offers multiple tradable assets for online trading through their proprietary trading platform. They offer various account options and accept several payment methods. Traders also get access to a client support team and educational resources to make the trading process a lot easier. However, they are not regulated by any known financial authority and do not provide the popular MetaTrader platforms that many traders around the globe are familiar with.
It is worth mentioning that some of the trading products and services in this Daxbase review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Daxbase broker website which you can visit by using the link below.
The financial services provided by this broker carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.