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Dax100 Review: Dax100.org Askew Forex Scam

Dax100 Review: Dax100.org Askew Forex Scam

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Dax100 (Dax100.org) is another CFDs, Crypto Currency, and Forex scam platform to hit the lucrative trading world. Dax 100 is another cloned scam of the disgraceful Dax1001 which we did a review a while back. With claims of having advanced graphics and technical tools, most users are easily swayed. Signing up with this platform is not recommended as it will cost you dearly. Read this genuine and honest DAX100 Review.

Dax100 Commodities Offered

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Dax100 Review

With negative comments floating around the web, we had to investigate the root course. It seems Dax100 is openly stealing from anyone who deposits with them, making them a scam. Members have come out with evidence of being blocked from accessing their accounts. Is this another online scam platform which is stealing from unsuspecting online investors? With an investigation underway, we decided to reveal all the dirty tricks uses by this scam platform.

Dax 100 just did so with a well-designed website which looks real to the naked eye. Thanks to our years of trading experience, we know how to spot a scam from a mile away. These scam artists are simply gone the extra mile to ensure members sign up without realizing it is a scam. It is our duty to protect the good online trading name and expose these scams. Dax100 is another rotten scam simply out to steal your hard earned money.

About Dax100

If you look closely at their website, you will notice they have a Russian language being used. It seems they are based in Moscow, Vienna, and London. Just take note that scam artists will do or say anything to make their scams appear to be EU based. Looking at their contact page, you only get a bunch of email address to make contact with. Why have they failed to list phone numbers which are better than emails? It seems Dax100 is clearly hiding their real identity from visitors.

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worldmarkets

Another huge problem we discovered with this platform is in regards to anonymity. Anonymity is a dangerous character to associate with especially with online investment platforms. We don’t know the founding members of this platform which is a shame. It is a way to expose the anonymity clouded with this platform.

Is Dax100 licensed or registered?

With claims of being based in three countries, you would expect some sort of legit licensing. We contacted several regulatory bodies to confirm the regulatory status of this platform. CySEC and the FCA are some of the institutions we contacted to confirm their regulatory status.

Why have they failed to post any details regarding their license and registration? What you need to do is stay away from any unauthorized online trading platform. Simply take the bold move and stay away from dax 100. Most members didn’t realize they are losing in bed with a total scam. It is our duty to protect the next investor from falling into this well placed trap.

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Advantages of Dax100

We could not find any advantage of dealing with a platform with a horrible reputation. It seems users signed up blindly not knowing the real reason behind this platform. As an investor, it always pays to read reviews before committing to any online trading platform. A review helps to give users a true perspective of the broker and what they offer. Trading with Dax100 is a real headache as users end up losing their entire deposits. To stay safe, you need to stay away from illicit online platforms.

Disadvantages of Dax100

Account types

Dax100 Account Types

Dax100 is furnishing users with five different account types to choose from. Accounts are listed as Basic, Gold, Platinum, Exclusive, and VIP. Our first red flag come in the form of welcome bonus which has become a major problem. Scam artists will offer huge bonuses and use them to force investors to deposit more funds. Another problem with these accounts is how similar they are to each other. Features are all the same and nothing makes much of a difference. Why would an investor invest more funds with an account which is similar to the other? It makes no sense.

Deposit and withdrawal

Another huge problem with this platform is withdrawing funds. No user has come forward and posted any proof of ever withdrawing with this platform. And this makes all the difference as investors are assured of never seeing any funds deposited. Depository channels used include MasterCard, PayPal, Wire transfer, and Visa. The scammers have made sure anyone can make deposits from anywhere. Depositing is easy and fast as it takes less than five minutes for the entire transaction process.

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No Demo Account

Without a demo account, users are actually signing up blindly. A demo account gives users a chance to try out their platform. With a demo account, traders get to know the speed of execution, leverage, and spread types. It seems these scam artists don’t want anyone knowing they are using a fake platform. It is why you should insist on trying out a demo account to know more about the platform. Scam artists take advantage of this loophole to introduce dragonish trading conditions.

Web based platform

Not only is their platform web based, but it doesn’t offer the required security features. Without DDoS Protection and SSL Encryption, traders are doomed to fail. Hackers take advantage of this security lapse to steal valuable data. In most cases, users will steal credit card information and personal identity to wreak havoc.

Are funds safe with Dax100?

How can funds be safe with a platform whose identity still remains a mystery? Segregation of accounts is not followed as Dax100 is pooling funds in one account. It means the owners can decide to use your funds to offset any creditors in case of bankruptcy. Best you stay away from any platform which does not offer a compensatory scheme. Due to their unlicensed nature, it is clear Dax 100 is not insuring funds as dictated by law. What you need is to stay away from this anonymous online platform.

Is Dax100 a scam?

Dax100 Deposit options/ Account Funding

It is clear we are dealing with a rotten online trading platform out to steal from investors. Dax100 is a scam waiting to pounce on anyone who shows interest in signing up.

Conclusion

Stay away from this platform as we will be adding them to our scam blacklist. Our blacklist enables our readers to know which platforms to avoid.

Instead, start making the right decisions by investing in credible Forex trading robots. It is high time you start making reasonable profit margins with industry leading Forex robots.

Wishing all investors a prosperous and safe trading experience.

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