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DaxRobot Review - is it scam or safe?

DaxRobot Review - is daxrobot.com scam or good crypto robot?

RATING: 1 / 0 REVIEWS DaxRobot
Beware! DaxRobot is most probably a scam!

 

General information

 

Trading robots such as DaxRobot are rapidly spreading and the forex, binary options and cryptocurrency markets are already plagued by them. In most cases all they have to offer on their websites is a simple, narrated trailer-video aiming to convince traders to invest. It seems that the people behind DaxRobot are on a tight budget, as the robot’s website doesn’t even have a video.

 

 

From what we could gather – there appears to be some sort of automated trading application that only needs your initial deposit of at least $250 to begin scoring big profits. The best part is that investors don’t need to have any previous trading experience, nor to make any effort whatsoever.

 

If you attempt to sign up with DaxRobot, you will end up on the web page of an unregulated forex broker Daxbase – the only partnering broker of this trading robot website. Usually, the forex or crypto robot developers make money from the commissions from these brokers for offering them (cheap) traffic. In the case of DaxRobot, it is possible that the people behind Daxbase created this robot website to attract more inexperienced traders.

 

 

Any verified track record?

 

As is usually the case with such trading robots, the website of DaxRobot contains no specific information about any trading mechanism or strategy whatsoever. There are no specific claims on the site itself, not a single digit. There is no historical data either.

 

The only relevant thing we could find is just some very general claim that “the software goes to work automatically for you. Based on the pre-defined level of income you can double or even triple your result in one day”. It can't possibly be vaguer than this and surely sounds very suspicious.

 

So, we cannot have any assurance whatsoever about the promised results. By comparison, , some of the most popular social trading networks like ZuluTrade or eToro also provide historical performance as a proof that they are real and work as intended. On top of that, these brokers are regulated and have been operating for years, while the corporate situation of DaxRobot is utterly unclear.

 

 

Regulation and security of funds

 

It is not actually clear who stands behind the DaxRobot robot. There is absolutely no information about who has developed this trading robot. There are no addresses, contact details or license information, which makes us even more certain that DaxRobot is actually a scam.

 

 

If we presume that the developer or DaxRobot is actually its partnering broker, DaxBase, the situation is hardly any better. This unregulated broker is operated by the notorious Finance Group Corp. (FCG), associated with a number of dubious forex and binary options brands. The company was blacklisted by several financial regulators, including the French regulator Autorité des marchés financiers (AMF), the Financial Markets Authority (FMA) of New Zealand, and more.

 

So, DaxRobot is not entitled to operate on any regulated financial market like the USA, EU, Australia or Japan, but judging by the languages DaxRobot’s website supports, it obviously targets European Investors.

 

 

Bottom line

 

DaxRobot is an anonymous low credibility trading service associated with shady forex brokerage Daxbase. Like with the majority of financial scams, this one also promises big profits, but does not provide any information about the way it works, nor about the people behind it. 

 

In order to avoid being scammed, you’d better not deal with DaxRobot, nor  with its partnering broker DaxBase.

 

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Traders` reviews for DaxRobot

Spread

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Slippage

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Requotes

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Price feed

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