Menu

DailyTrading Review: A Dubious Forex Platform

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:


Click the button below, fill out the form to recover your lost funds from this scam company


Click Here To Recover Your Stolen Funds

DailyTrading Review: A Dubious Forex Platform

DailyTrading is another cloned platform that uses the same web design as BitVaultGlobal. We believe the two share the same principalities in matters relating to trading. Unfortunately, none of the platforms allow members to withdraw funds. And this is why we must expose the platform. It’s a shame that traders have fallen for the antics of dailytrading.io. Please find out more in our detailed DAILYTRADING REVIEW.

About DailyTrading

DailyTrading Review

The platform has better navigation than its counterpart. It seems this is the original version of the web layout. According to the about us page, the platform was founded in 2009 and has been operational ever since.

DailyTrading is without a doubt one of the meanest trading platforms around. Most of the members haven’t had the chance to withdraw even a penny. But, as fate would have it, Daily Trading is taking advantage of naïve investors.

We must put an end to it by exposing all the dirty tricks found on the platform. These include exposing all the red flags we found. As a result, the platform is about to get huge expose from regulators around Europe.

When you want to invest, you need to start investing with the right platforms. It would be best if you went for industry-backed channels that enjoy the backing of experts. It’s what you need to get a head start in investing and trading.

Despite their false regulatory claim by the IFSC, we have concrete proof the platform lacks compliance. We know for a fact the platform will do or say anything to make their platform appear heaven-sent.

It would be best if you did due diligence before deciding which investment platform to use. First, make sure to find out what others are saying about the platform. Then, find out their experiences with the platform before deciding to commit funds.

Accounts DailyTrading

DailyTrading offers two account types based on the investment option you decide to take. In addition, the platform also provides cloud mining contracts with four account types. These include Basic, Gold, Platinum, and VIP.

For the Gold account, investors must deposit $1,050 and earn two times the ROI. Gold account holders must deposit $5,050 and make three times the ROI. For the platinum account holder, they must deposit $10,000 and get ten times the ROI.

VIP is the last account with investors having to deposit $50,000 to start trading. You also get five times the ROI on this platform. The only problem with these accounts is the lack of information on the vesting period.

Here’s a closer look at the trading accounts

Prime

For the Prime ECN account holder they must deposit $500 to start trading. Floating starts from o pips with 28 available trading instruments.

ECN

It has the same account features as the Prime account with 36 available trading instruments.

R Trader

Members deposit $100 to start trading with this basic account best fit for newbies. Over 12,000 trading assets are floating from 0 pips. Unfortunately, the platform fails to mention available leverage on these accounts.

There are no offers on the R Trader account with limited offers on both Prime and ECN accounts.

DailyTrading Account Types

A Welcome Bonus

To make the platform exciting and lure investors, the platform promises a welcome bonus. There’s a Pro and standard account on offer, with members getting $30 in promotions. And this sounds like an excellent place to invest.

Before you decide to take the plunge, you need to know why regulators are against bonuses. Such gifts will later come back to bite the user. The platform will block withdrawals until you pay back the bonus in full.

You might think that paying $30 to this platform is straightforward. However, after making payment, the platform will induce other rules for the bonus. And this is the reason regulators are against platforms offering bonuses.

A bonus is a gift from the platform. No one should pay back a gift from a platform. Sadly, Daily Trading doesn’t see it this way. You will incur heavy penalties for not paying the bonus in time.

Business holder

Details as to who owns and runs the platform remain sketchy. Despite talk of their background, there’s no mention of any owner. Furthermore, we don’t even get to see the names of the professionals working for the platform.

And this makes DailyTrading an anonymous investment platform. It would be best if you avoided it as it will block withdrawals. There’s no way of recovering funds from an unknown platform. Hiring recovery agents won’t do you any good.

Contact and support

Another feature you should be keen on when investing is how quickly they offer support. In this case, Daily Trading posts a telephone number that rarely goes through. There’s also no contact page on the website.

These are some of the red flags you might fail to spot. Without ample support, the platform is a ghost. You only get email notifications urging members to deposit more funds. And this is another reason to stay away.

is DailyTrading.io Licensed or regulated?

DailyTrading License and Registration

Daily Trading is not a licensed platform despite claiming to have its headquarters in the States. So we checked with three of the official regulators for confirmation. It turns out the CFTC, NFA, and the SEC don’t have any platform licensed under the above name.

Without any valid credentials, you don’t stand a chance to win. The platform lacks any regulatory oversight giving them complete control. There’s no stopping them from introducing harsh trading conditions.

When you decide on which investment platform to use, make sure the platform is compliant. Go for platforms licensed by ASIC, CONSOB, CySEC, and the FCA. Other reputable regulators include CNMV, FINMA, and the Financial Commission.

Dedicated Account Managers

Despite claiming to have dedicated account managers, the platform is using them to solicit funds. These account managers will call you and claim to have a lucrative investment solution for you. To sweeten the deal, the manager claims to have limited slots for the platform.

We also suspect the platform is hiring call agents to act as account managers. There’s no proof these are professionals. Call agents will earn their commissions from the deposits made by naïve investors.

Demo Account

Despite being a dubious platform, they do offer users a chance to test the platform. There’s a demo account that comes fully stacked with the MT5 trading platform. It’s one of the few positive aspects of the platform.

A demo account helps members to know how to trade with a platform. You also get to know how to use the MT5 trading terminal. Investors don’t need to use real money as the platform already provides virtual funds.

Deposit and Withdrawals

You can only deposit funds via bank and wire transfer. The process is straightforward and takes less than five minutes to complete. Withdrawing funds with the platform remains the most significant hurdle facing investors.

Fund Safety DailyTrading

The platform you choose must guarantee the safety of funds at all times. Without the security of funds, you might as well throw your investment away. Unfortunately, the platform fails to secure assets by providing insurance cover.

MT5 Trading platform

Daily Trading MT5 Trading Platform

Thanks to the MT5 trading terminal, you can now increase your trading skills. It’s a world-class trading terminal that offers investors advanced trading tools. In addition, you get over 50 indicators and technical analysis tools.

Verdict

Dailytrading.io is without a doubt a clone, and the best option is to stay away.

Join proven investment decisions with a proven track record. These decisions offer investors a chance to make realistic returns.

Feel free to leave a comment or email us with any queries.

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us

Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.