20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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DAXrobot Review 2024
Minimum
deposit:
deposit:
- $250
Trading platform:
- Daxbase web platform
Minimum
deposit:
deposit:
- $250
Trading platform:
- Daxbase web platform
Trading features:
- It is possible to use both ready-made and custom bots at the same time.
Summary of DaxRobot Trading Company
DaxRobot is a broker with higher-than-average risk and the TU Overall Score of 4.82 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by DaxRobot 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. DaxRobot ranks 18 among 21 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
DAXrobot’s ready-made robots do not require configuration and can be activated immediately after depositing funds into the account. The trader does not pay for their use, but there are initial deposit requirements that many traders will not be able to meet.
DAXrobot is a platform that provides ready-made robots for algorithmic binary options trading. With their assistance, users can automatically execute CFD trades using fiat and cryptocurrencies. DAXrobot bots are compatible with the Daxbase trading platform. In this case, Daxbase processes trading orders, accepts and withdraws funds, and manages accounts. The DAXrobot developer has received several awards for its products, including the best trading robot. At the same time, the developer is not a professional investment consultant, so all the risks of using DAXrobot applications are assumed by the trader.
| 💰 Account currency: | USD, EUR, GBP, BTC, and LTC |
|---|---|
| 🚀 Minimum deposit: | $250 |
| 🔧 Instruments: | Binary options (fiat/fiat, and crypto/crypto pairs) |
👍 Advantages of trading with DaxRobot:
- the ability to connect ready-made bots for trading in financial markets;
- absence of any fees for the use of robot programs;
- a wide range of payment options for depositing and withdrawing funds;
- free interface for creating custom robots;
- simple account registration and bot activation.
👎 Disadvantages of DaxRobot:
- the company is not a licensed investment advisor;
- the minimum deposit is too high; not every novice trader has $250;
- bots can only be used if the user works with the Daxbase broker.
Evaluation of the most influential parameters of DaxRobot
Geographic Distribution of DaxRobot Traders
Popularity in
89%
US
3%
Others
User Satisfaction i
3 comments
Total score:
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Expert Review of DaxRobot
DAXrobot is an international brand of ready-made trading robots intended for algorithmic trading. The company's website has been translated into eight languages, but it is not sufficiently informative. It does not describe the terms of use of bots, and there are no educational materials or analytics. There is no online chat, either. If there are difficulties connecting bots, users will have to contact DAXrobot client support by email. All this can cause difficulties for beginners who have not previously dealt with trading applications running on algorithms.
However, DAXrobot bots do not need to be configured in a certain way. All a trader has to do is select a trading application, make a deposit, and set the bet amount. Other manipulations will not be required; bots will open and close trades following a predefined algorithm.
DAXrobot bots can be used in parallel with those of other developers, but there is an important point. DAXrobot robots only work on the Daxbase broker platform, so users must open a trading account with this company and undergo identity verification. Users can also create a unique bot using technical indicators such as Stochastic, ADX, RSI, MACD, Commodity Channel Index (CCI), and AROON in their user account on the DAXrobot website. The minimum number of indicators involved is three, and the maximum is six.
Best Forex broker based on expert and trader reviews
Dynamics of DaxRobot’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
DAXrobot offers ready-made bots for algorithmic trading. They are not intended for active trading but rather to generate passive income from financial asset trades. Thus, every trader who connects DAXrobot robots automatically becomes an investor.
The profit size and main characteristics of DAXrobot’s bots
The DAXrobot website provides ten ready-made bots from which to choose. The rating is available in the user account after creating a user account. The payout amounts vary. At the time of this review, they were 97%-343%.
Bots that are currently available include:
Bladerunner. Its trading strategy is based on the use of candles, pivot points, classic support, and resistance levels. The bot is available after a $250 deposit and offers 97% profit.
Strong ADX v.2. The bot uses the ADM index to determine the strength of the trend. If the trend turns out to be strong (the ADM index is above the 20-25 area), then the entry continues using the EMA crossing signals. The minimum investment amount to launch the robot is $250, and the payout percentage is 110%.
Crypto ADX 2.0. It is the bot that can make the highest profit of 343%. To use it, the user must deposit at least $500 into the trading account. The bot is best suited for cryptocurrency trades. When analyzing the market, it uses the RSI and STOCH levels, as well as the ADX trend indicator.
Because a trader must open an account with a Daxbase broker to activate a bot, he can use the broker's investment programs to generate passive income. The Daxbase platform supports copy trading, which allows users to copy the trades of experienced broker clients who use successful strategies.
Important!
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.
DAXrobot referral program
At the moment, DAXrobot does not offer a referral program.
Trading Conditions for DaxRobot Users
After depositing at least $250 into a trading account, a trader can begin using DAXrobot; however, robots from the top three become available after depositing $500. The minimum bet amount is 1 US dollar. There is no trading fee or spread on trades. Deposit and withdrawal methods include credit and debit cards, international bank transfers, electronic payment systems, and cryptocurrency transactions. Users can open an account in both fiat and digital currency.
$250
Minimum
deposit
1:500
Leverage
24/7
Support
| 💻 Trading platform: | Daxbase web platform |
|---|---|
| 📊 Account types: | Demo, Real (Bronze, Silver, Gold) |
| 💰 Account currency: | USD, EUR, GBP, BTC, and LTC |
| 💵 Replenishment / Withdrawal: | Wire transfer, MasterCard, VISA, Maestro, cryptocurrency payments, Perfect Money, Neteller, JSB, Yumopeu, and QIWI |
| 🚀 Minimum deposit: | $250 |
| 📈️ Min Order: | $250 |
| 🔧 Instruments: | Binary options (fiat/fiat, and crypto/crypto pairs) |
| 📱 Mobile trading: | Yes (web platform via a browser) |
| ➕ Affiliate program: | No |
| ⭐ Trading features: | It is possible to use both ready-made and custom bots at the same time. |
| 🎁 Contests and bonuses: | No |
Comparison of DaxRobot with other Brokers
| DaxRobot | Pocket Option | Binarium | Binary.com | Nadex | Centobot | |
| Trading platform |
Daxbase web platform | MT5, Web, Mobile | Binarium | WebTrader, Mobile | Nadex | RaceOption, Binarycent, Videforex |
| Min deposit | $250 | $5 | $5 | $5 | $250 | $250 |
| Trading instruments |
Binary options (fiat currencies and cryptocurrencies) | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | Currencies, Assets of stock and commodity markets | Binary options (fiat currencies and cryptocurrencies) |
| Signals | No | No | No | No | No | No |
| Analytical support |
No | No | No | Yes | No | No |
| Training | No | No | No | Yes | Yes | No |
| Additional tools |
No | Copy Trading tool | No | premature closing | No | No |
Broker comparison table of trading instruments
| DaxRobot | Pocket Option | Binarium | Binary.com | Nadex | Centobot | |
| Forex | Yes | Yes | Yes | Yes | No | No |
| Metalls | No | No | No | Yes | No | No |
| Crypto | Yes | Yes | Yes | No | No | Yes |
| CFD | Yes | No | No | Yes | No | Yes |
| Indexes | No | Yes | Yes | No | No | No |
| Stock | No | No | Yes | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | Yes | Yes | Yes | Yes | Yes | Yes |
DaxRobot Commissions & Fees
Information
All DAXrobot bots are free. The trader uses them to trade binary options, so there is no spread. The fee in this case is the total bet, and it is withheld in the event of an incorrect forecast regarding the movement of the asset price. In terms of non-trading fees, a trader who uses DAXrobot robots pays for fund withdrawals: from a trading account to a bank card it is 5% of the transfer amount; to a bank account it is $50.
| Account type | Spread (minimum value) | Withdrawal commission |
| Real | $1 | Yes, on the part of the banks |
The Daxbase broker, who executes orders placed by DAXrobot robots, withholds a $10 inactivity fee. It is charged monthly if there is no minimum trading activity.
Traders Union experts calculated and compared the average fees of DAXrobot and two binary options brokers. During the comparison, the companies were differentiated by the level of fees.
| Broker | Average commission | Level |
| DaxRobot | $1 | Low |
| VideForex | $5 | Medium |
| IQcent | $7 | High |
Detailed Review of DAXrobot
The DAXrobot website was launched in 2018, so traders have been using the products it offers for several years. The range of available bots is constantly updated with new programs. One of the most recent was a robot for trading cryptocurrency pairs with a potential yield of 343%. The average profit percentage for trading with DAXrobot bots is 220%, which is 2-4 times higher than manually placing orders with various binary options brokers. Users can read the latest DAXrobot news and updates on various social networks, including Facebook, Instagram, and Twitter.
DAXrobot by the numbers:
-
the interface is in 8 languages;
-
3 types of real accounts;
-
the minimum trade amount is $1;
-
the maximum payout percentage is 343%.
DAXrobot bots are for algorithmic trading of fiat and digital currencies
With the assistance of this developer's robots, users can profit from the price movements of currency pairs such as EUR/USD, EUR/AUD, GBP/USD, USD/CHF, EUR/JPY, USD/CAD, AUD/USD, and EUR/GBP. As for cryptocurrencies, they are presented in the CFD format for BTC/USDT, LTC/USDT, ETH/USDT, and BCH/USDT. Most of the top 10 bots are universal, which means they can be used to trade with any of the assets listed above. The position of the robot in the overall rating is determined by the profit it generates; the higher the percentage, the higher the bot rises in the top list. The top three leaders in the top 10, with payouts ranging from 253% to 343%, require a $500 deposit. Bots from 4th to 10th place with a yield of 97%-236% can be unlocked after depositing $250.
DAXrobot does not have its own trading platform because it is an application developer rather than a broker. Robots work on the trading platform of the Daxbase brokerage company. It is a web platform, that is, it does not require downloading and installing the tool. It can be accessed via the browser on any device, whether mobile or desktop.
Useful DAXrobot services:
-
Demo Robot mode. This allows the user to see how the bot trades in real market conditions. The demonstration lasts 1 minute, after which the robot can be restarted. Demo Robot mode is available in the user account on the company's website.
-
Current news feed. This section contains summaries of the most important economic and financial events for traders.
-
Technical and fundamental analysis. Traders who have launched at least one bot can view forecasts for fiat and cryptocurrency pairs, as well as expert advice and trading ideas. Also, each user account has an economic calendar.
Advantages:
1
to work with ready-made bots, users do not need knowledge of programming languages;
2
the use of robots is completely free;
3
deposits and withdrawals of cryptocurrencies;
4
the line of ready-made trading bots is regularly updated;
5
to create robots, users can use the most effective oscillators and trend indicators.
The connection of DAXrobot bots allows users to fully automate the trading process. Robots not only analyze the market according to the specified algorithms but also trade, so no intervention from the investor is required.
How to Start Making Profits — Guide for Traders
To start trading using DAXrobot bots, the user needs to open an account with a Daxbase broker and make a minimum deposit. Its size depends on the type of account selected.
Account types:
Account Type
Description
Bronze
account for beginners in binary options trading. After opening, the user needs to deposit at least $250.
Silver
account for experienced traders. The minimum deposit amount is $1,000.
Gold
account for professional trading. A minimum deposit of $3,000 is required.
Daxbase also provides a demo account, but it is intended for individual training in options trading. The work of the DAXrobot bots cannot be tested on it.
DAXrobot is a line of robot applications for trading fiat and cryptocurrency pairs. Their algorithms are configured by trading experts, and technical analysis indicators are used to maximize their efficiency.
Investment Education Online
Information
Ready-made DAXrobot robots trade according to pre-configured algorithms, so the trader does not need to trade independently. For this reason, there are no educational materials on the company's website.
Information provided in the Easy Steps section
Information not available on the DAXrobot website
Three steps to earn money using automated bots
The principle of earning on binary options trades
How to analyze the market using indicators
Binary options types and trading rules for each
How to choose a trading strategy
Fundamentals of risk management
A demo mode called Demo Robot will assist in the analysis of bot performance. However, it can only be used to test ready-made robots. If a trader has created a custom trading application, he will not be able to test its effectiveness with virtual funds.
Security (Protection for Investors)
Information
DAXrobot is an algo-trading software, not a broker, so it does not need a license to work. The quality and performance of ready-made trading robots are not monitored by financial supervision commissions.
The Daxbase, on whose platform DAXrobot bots operate, is not regulated. Nonetheless, the company takes a responsible approach to protect its clients' personal data and funds, employing reliable encryption protocols and depositing traders' funds in European banks.
👍 Advantages
- Simple procedure for opening a trading account
- Leverage is higher than that of regulated brokers
- A wide range of methods for depositing and withdrawing funds
👎 Disadvantages
- Disputes are resolved directly with the company without the involvement of an independent party.
- Compensation for traders' losses in the event of a financial collapse of the company is not provided
- Regulators do not control the DAXrobot activities
Withdrawal Options and Fees
-
The withdrawal of funds earned from trading with DAXrobot bots is carried out directly by Daxbase. Requests for cryptocurrency withdrawals are processed within 30 minutes, while other methods take an hour.
-
Available methods are bank transfers, withdrawals to a bank card, as well as electronic and crypto wallets. Before making a withdrawal request, the trader must first pass identity verification.
-
He cannot withdraw less than $50 using any method, and he must pay for bank services. The fee for a bank card withdrawal is 5% of the payment amount, while an international bank transfer costs $50. There are no fees for withdrawing funds in Bitcoins.
-
The withdrawal methods available depend on the deposit method previously used. If the client used a bank card, the profit can be transferred to a personal bank account or a personal MasterCard. If the money was credited from an electronic wallet, he can withdraw it to the same wallet, while trading profits can be withdrawn to any available wallet.
Customer Support Service
Information
Users can send a query to the DAXrobot client support service 24/7.
👍 Advantages
- Customer support is available in 8 languages
👎 Disadvantages
- There is no online chat on the company's website
- Representatives cannot be reached by phone.
The only method of communicating with technical support is by email. The response time of the DAXrobot team may vary. The answers to the question come within the period of 1 hour to 1 business day.
Contacts
| Foundation date | 2015 |
| Official site | https://www.daxrobot.io/ |
| Contacts |
Email:
support@daxrobot.com,
|
Review of the Personal Cabinet of DAXrobot
The user account on the DAXrobot website is a control center for robots and tools. Without it, the trader will not be able to start algorithmic trading. To create a user account, you need to perform two actions:
1
Open a trading account. After clicking the "Sign Up" button, a form will appear in which you should enter your last name, first name, phone number, and email address. You must also choose the account currency during the account registration process. To protect the user account from hacking, you must also create a strong password and enter it into the form.
2
Log in to your user account. To do this, you need to enter your username and password. The login is an email address.
3
The trader has access to the following functions in DAXrobot's user account:
1. Selection of a suitable robot from the top 10 and its connection:
2. Creating a customized bot for algo-trading:
1. Selection of a suitable robot from the top 10 and its connection:
2. Creating a customized bot for algo-trading:
Personal user account menu:
-
depositing into a trading account;
-
trading activity history — names of connected bots, time of trades, and result (profit/loss);
-
technical analysis.
-
fundamental data and economic calendar;
-
the latest newsfeeds, analytical materials, and recommendations from professional traders.
Disclaimer:
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.
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FAQs
Do reviews by traders influence the DaxRobot rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about DaxRobot you need to go to the broker's profile.
How to leave a review about DaxRobot on the Traders Union website?
To leave a review about DaxRobot, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about DaxRobot on a non-Traders Union client?
Anyone can leave feedback about DaxRobot on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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62% of retail investor accounts lose money when trading CFDs with this provider.
62% of retail investor accounts lose money when trading CFDs with this provider.