In this section we will analyze the broker Dax1001, is a Forex and CFD broker. Is Dax1001 really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we reviewed the Dax1001. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: One Thousand One Ltd and One Lable limited Ltd.
As to its location, the broker mentions being based in: Marshall Islands and Bulgaria.
If we analyze the regulation of the broker: since Dax1001 does not mention anything about being a regulated company, we believe that it is an unregulated broker.
If now we go on to analyze account types offered by Dax1001, we note that they offer 3 different account types: Basic Account, Gold Account and Platinum Account. We leave an image with a little information about each type of account.
Basic Account- For beginners, with protection against serious financial risks.
Gold Account: For more experienced investors, includes more tools.
Platinum Account: for "professional" investors, who are prepared for big business and to "take risks".
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Dax1001 offers are: MT4.
We will now analyze the different resources and aids for traders that Dax1001 provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Dax1001 provides the following help or resources to traders or interested parties: some news about financial events, basic explanation about the instruments that Dax1001 offers, forex glossary (in English), not much more than this.
Other information about Dax1001
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: + 4313469999042
>>> Feedback on Dax1001 <<
Ending with this section, in our opinion Do we think Dax1001 company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries (Bulgaria, Marshall Islands), when looking for valuations on Dax1001 we really could not find much, which makes us think that It is a “new” company, and the few reviews we could find are negative (especially from Italian clients), CONSOB (Italian regulator) has warned about Dax1001. We suggest using caution.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
Medical Attention: in November 2019 the CNMV issued a warning against Dax1001
Medical Attention: in March 2020 CONSOB has issued a warning against Dax1001
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.