According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- Proprietary browser platform
- Copying the trades of successful traders
Our Evaluation of Daxbase
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Daxbase is a broker with higher-than-average risk and the TU Overall Score of 3.98 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Daxbase clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Daxbase is a broker for those who want to try their hand at binary options trading. The web platform offered by a broker allows its clients to make the easiest put/call trades without incurring additional fees. The maximum profit amount is 90% of the trade amount.
Brief Look at Daxbase
The Daxbase broker provides a simple and functional web platform that allows clients to trade various CFDs and binary options. Daxbase is distinguished from other brokers by its wide range of assets, high leverage, and availability of bonus programs. Payments for binary options trades reach up to 90% of the bet amount. The amount of the welcome bonus depends on the deposit amount and is either 20%, 50%, or 100%. Daxbase accepts payments via bank card, e-wallet, and bank transfer. Clients can also deposit and withdraw cryptocurrencies. The web platform allows traders both independent and automated trading based on a trader’s signals.
- a wide choice of fiat pairs and cryptocurrencies;
- high leverage offered by the broker;
- no fee for binary options trades;
- access to payment systems that do not charge fees for depositing and withdrawing funds;
- a universal platform for trading options and making Forex trades.
- the minimum deposit of $250 is too high for most novice traders;
- the commodities available are limited to gold, copper, and Brent crude oil.
- strict terms for processing bonuses accrued for making the first deposit.
TU Expert Advice
Financial expert and analyst at Traders Union
Daxbase is a Forex, CFDs, and Binary options broker. Trading in all available markets is conducted through the broker’s own web platform. To trade binary options, the user simply needs to click on the “Tick Chart”, which opens tick charts with asset quotes. When selecting a financial instrument, the percentage of payouts is displayed on the screen. The profit amount is not fixed but ranges between 10% and 90% of the bet amount.
Daxbase, unlike other binary options brokers, does not allow the use of cents in trades. The minimum size of a trading order is $1. However, Daxbase has a favorable advantage over its competitors in that it offers a diverse range of assets, particularly fiat currency pairs.
Daxbase has several bonus programs available for both new and existing clients. Traders who have just opened a trading account are awarded a welcome bonus. They can also use the “Risk-free Transactions” service, where the broker compensates with bonuses for losses on the first three trades on the platform. More details about how this service works can be found on Daxbase’s website. All the necessary information about bonuses and special offers can be found in the “Terms and Conditions” section.
Daxbase Summary
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
| 💻 Trading platform: | Proprietary web platform |
|---|---|
| 📊 Account types: | Demo, Bronze, Silver, Gold |
| 💰 Account currency: | USD, EUR, GBP, RUB |
| 💵 Deposit / Withdrawal: | Bank cards (VISA/MasterCard/Maestro), wire transfer, Bitcoin, Ethereum, Litecoin, altcoins, Neteller, Perfect Money, QIWI, Yumopeu, JSB |
| 🚀 Minimum deposit: | $250 |
| 📈️ Min Order: | $1 |
| 🔧 Instruments: | Fiat pairs, commodities, cryptocurrencies, indices, stocks (CFDs and binary options) |
| 📱 Mobile trading: | Yes (only via the web platform) |
| ➕ Affiliate program: | No |
| ⭐ Trading features: | Copying the trades of successful traders |
| 🎁 Contests and bonuses: | Welcome bonuses, bonuses for winning trading contests, bonuses for depositing Bitcoins |
Daxbase offers binary options trading with payouts of up to 90%. There are no fees for trading these financial instruments. Daxbase has a large range of assets and payment methods. The broker also allows its clients to choose the type of account with varying benefits. The minimum deposit is $250, but the minimum bank transfer is $5,000. Leverage differs depending on the asset selected for trades.
Daxbase Key Parameters Evaluation
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Trading Account Opening
You will be unable to deposit funds into an account with this broker unless you create a user account on the Daxbase website, which means you will not be able to begin trading. To create a user account, follow these steps:
Register with a broker. On its website, find the “Register” button and click it. Complete the open registration form. Enter personal information (first and last name), a phone number, and an email address. Next, it’s necessary to create a strong password. You also need to choose the currency of the trading account.
Log in to your user account. The “Login” button is located at the top of the website’s main page. Clicking on it will open the authorization form. You will need to enter your email address and password.
Features of Daxbase’s user account:
Other user account options:
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make a deposit;
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submit a request for the withdrawal of funds;
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access all transaction records online;
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view charting tools;
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perform fundamental and technical analyses;
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view market news;
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access the economic calendar.
Regulation and safety
Daxbase is managed by DX Base Ltd, a company registered in the Marshall Islands. It is not licensed to engage in brokerage activities.
To protect the funds and personal data of clients, Daxbase uses 256-bit secure SSL processing, 3D Secure, as well as SecureCode for Visa and MasterCard cards. Traders’ deposits are stored in one of the banks in Europe.
Advantages
- High leverage
- Wide choice of payment methods, including cryptocurrencies
- No requirements for trading or investment experience
Disadvantages
- Disputes are settled bilaterally — broker versus trader
- Financial transactions by Daxbase are not monitored by regulators
- In the event of the company’s bankruptcy, the client will be unable to receive compensation.
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Bronze | $1 | Withheld by banks |
| Silver | $1 | Withheld by banks |
| Gold | $1 | Withheld by banks |
A $10 service fee is deducted from the client’s account if he does not make at least one trade in a calendar month.
The lower the trading fee, the more profitable it is for the trader. Traders Union analysts always compare the fees of different companies, and Daxbase is no exception. Its fees were compared to those of binary.com and Binarium brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$5 | |
|
$7 |
Account types
To start trading with Daxbase, you need a brokerage account. Daxbase offers a choice of three account types which differ in the minimum deposit, the size of bonuses, and additional options. The range of assets, trading terms, and leverage on all accounts are identical.
Account types:
A virtual copy of a real account is a demo account. Its registration does not require the deposit of real money, and the deposit provided is conditional funds in the trader’s preferred currency.
Daxbase allows each trader to choose an account with the terms that suit him. Clients are provided with free analytical materials and professional client support services.
Deposit and withdrawal
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Only verified clients can request a withdrawal from Daxbase. The request is reviewed within one hour.
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The minimum withdrawal amount is $50.
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The withdrawal of money may take up to 5 business days, but the company’s security service has the right to delay the withdrawal for up to 10 days.
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The client can withdraw funds only to the same payment system that he used to make deposits; whereas, income can be withdrawn to any system. If the money was deposited using a bank card, then they can be withdrawn by bank transfer or to a special “Master” card, which is sent to the client by postal mail.
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Payments made through the bank incur a fee. The bank servicing the bank card withholds 5% of the withdrawal amount. The cost of withdrawal by international bank transfer is $50.
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There are no fees for withdrawing profits in Bitcoins of any amount. The request is usually processed in no more than 30 minutes.
Investment Options
Every trader registered on the Daxbase website can become an investor and receive passive income. Daxbase is a binary options and Forex broker, so it offers its clients a simple investment solution that is not related to the stock market. It is about copying trades.
Copy trading is one of the useful options available on the Daxbase trading platform.
Clients do not need to register on third-party copy trading platforms or download additional software to begin copying trades of other traders through the Daxbase broker. The copy trading feature is integrated into the Daxbase trading platform and is available to every broker’s client. Some aspects of copying traders on Daxbase:
Auto trading is possible on any type of account, however, to start it, the trader must make a minimum deposit. Its size varies from $250 to $3,000.
The investor does not participate in trading. The trades of other Daxbase clients are duplicated on his account automatically.
One of the advantages is that clients can copy the trades of several traders. The investor can choose a signal provider based on the level of risk, trading strategy, and instruments used.
On its website, Daxbase announces earnings on copying trades of up to 320% per month.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Daxbase referral program
The broker does offer referral programs.
Customer support
Support is provided around the clock in 24 languages.
Advantages
- Client support service is available 24/7
- The support service can be contacted by phone
Disadvantages
- Live chat is only available to registered users
- Operator responses are not always complete
The communication channels for customer service are as follows:
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video chat — group and private sessions;
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email;
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phone numbers;
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callback;
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ticket system.
A ticket with a question for a specific Daxbase department can be created via the user account. Responses are received within one business day.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 |
| Official site | https://www.daxbase.net/ |
| Contacts |
+1-829-9476391
|
Education
The Daxbase website contains no educational materials on trading financial instruments. The “How to Get Started” section contains a form for opening an account, describes the terms of the accounts, and lists the payment systems available for depositing and withdrawing funds. The “FAQ” section contains some material that is helpful for a novice, but it is also mostly focused on working with a broker rather than learning how to trade.
On a training account, a trader can practice analyzing quotes, opening, and closing trades, and applying technical indicators. He will, however, need to look for educational materials on all of these actions on the websites of other brokers.
Comparison of Daxbase with other Brokers
| Daxbase | Pocket Option | Binarium | Binary.com | Capitalcore | IqOption | |
| Trading platform |
Proprietary browser platform | MT5, Web, Mobile | Binarium | Deriv Trader, MT5 | Binary platform for web and mobile | IQ Option |
| Min deposit | $250 | $5 | $5 | $5 | $10 | $10 |
| Trading instruments |
Cryptocurrencies, Commodities, Stocks, indices | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | stock, Forex, Binary options, Stocks | Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
| Signals | No | No | No | No | No | No |
| Analytical support |
No | No | No | Yes | No | Yes |
| Training | No | No | No | Yes | No | Yes |
| Additional tools |
No | Copy Trading tool | No | premature closing | No | premature closing |
Detailed Review of Daxbase
Daxbase is a CFDs, Forex, and binary options broker. There is a wide range of trading assets available, including trades with fiat currencies, cryptocurrencies, metals, raw materials, stocks, and stock indices. Daxbase provides leverage, accrues bonuses, and supports the “Risk-free Transactions” option. The broker’s clients can not only trade independently but also earn money by copying the trades of other traders registered in Daxbase.
Daxbase by the numbers:
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more than 10,000 processed transactions per day;
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3 types of real accounts;
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6 customer support offices worldwide;
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more than 20 supported payment systems.
Daxbase is a broker with a universal platform for CFDs and binary options trades
Daxbase allows clients to trade financial instruments 24/7. The list of available assets includes CFDs for 40 currency pairs, gold, copper, and Brent oil. Clients can also make trades with 15 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Monero, Solana, and BNB. The Daxbase platform also provides CFDs on shares of international companies and 7 stock indices, including the USA500, USA30, Hong Kong 50, and the UK100. Leverage varies. It can reach 1:500 for currency pairs, copper, oil, and indices, up to 1:300 for gold, and up to 1:100 for stocks. Cryptocurrencies have the lowest leverage, which is no more than 1:10.
Daxbase has a single web platform for trading Forex instruments, CFDs, and binary options. Dedicated buttons are used to switch between interfaces. To trade CFDs, the user needs to select “Candle Chart”, and “Tick Chart” to switch to binary options trading. Daxbase doesn’t have mobile apps; however, the web platform works seamlessly in smartphone and tablet browsers.
Useful Daxbase services:
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Fundamental analysis. The trader can use the economic calendar which is available through the user account. He can also review the macroeconomic analysis of the market and the company’s financial statistics, both of which are regularly published onsite.
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Technical analysis. The broker also provides daily reviews on various assets based on technical indicators, price movement charts, and historical data.
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Newsfeed. It highlights the most important events for a trader in the field of economics and finance.
Advantages:
a convenient trading platform compatible with various browsers;
access to auto trading (copying trades);
the opportunity to trade under the guidance of an experienced trader;
24-hour multilingual client support service;
a wide range of methods to deposit and withdraw funds.
The company allows trading of short-term and long-term options using market and pending orders.
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