Pros & cons of Daxbase broker

Daxbase Fact sheet

As already mentioned, the broker is not regulated. The lack of regulation means that there is no one to protect traders’ interests when things go wrong. Furthermore, the lack of a reputable trading platform and casual registration process are more red flags.

The broker offers 3 account type options, Bronze, Silver, and Gold. However, it is not clarified how these accounts are different from each other. All we get from the webpage is that Silver and Gold account holders get mastercall training and personal success manager as extra features.

Pros & cons of Daxbase account types

Comparing Daxbase fees with other brokers

The customer support was unable to give us information about spreads, in fact, they thought leverage and spreads were the same thing. 

Daxbase fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Daxbase fees compared to CM Trading fees

Daxbase fees compared to plus500 fees

Daxbase fees compared to XM fees

Daxbase fees compared to AvaTrade fees

Daxbase fees compared to Capital.com fees

There is no educational material available on the broker’s web page. Which is a huge downside. However, the broker promises personal training such as seminars and webinars for Silver, and Gold account holders. 

Daxbase offers amazing customer support available 24/7. New and existing customers can contact the broker using live chat, send them an email or call one of the broker’s offices. Customer service is available in various languages, such as: English, Russian, Chinese, Thai, Singapore, Australia.

To sum it all up, Daxbase is not a trustworthy company due to simple reasons: they aren’t regulated, do not offer a third party platform, and the registration process is shady. We do not recommend this broker to our readers.