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Daxkapital Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 17:46

Abstract:Daxkapital is a Luxembourg registered broker that lacks legal regulatory license. Daxkapital offers five types of market instruments. However, since Daxkapital's website is inaccessible, details concerning its market instruments and trading fees are unavailable.

  Note: Daxkapital's official website: https://daxkapital.com/ is currently inaccessible normally.

Daxkapital Review Summary
Founded2024
Registered Country/RegionLuxembourg
RegulationNot regulated
Market Instrumentsforex, commodities, indices, stocks, crypto
Demo Account❌
LeverageNot mentioned
Spreadstart from 0.1 pips
Trading PlatformWeb based trading platform
Min DepositNot mentioned
Customer SupportPhone: +49 331 879 05821
Email: support@daxkapital.com
Physical Address: 5 Heienhaff, 1736 Sennengerbierg, Luxembourg

  Daxkapital is a Luxembourg registered broker that lacks legal regulatory license. Daxkapital offers five types of market instruments. However, since Daxkapital's website is inaccessible, details concerning its market instruments and trading fees are unavailable.

Daxkapital's homepage

Pros and Cons

Pros Cons
Multiple trading choicesNo Legal regulation
No info on trading fees
Unavailable website
Lack of transparency
No demo accounts
No reliable trading platform

Is Daxkapital Legit?

  Daxkapital is not regulated by any legal institution. In addition, Daxkapital has been listed as a scam by the Luxembourg Financial Industry Regulatory Commission (CSSF). You can refer to the warning issued by CSSF in the image provided below. Therefore, you'd better avoid it and choose a legal broker.

CSSF warning

What Can I Trade on Daxkapital?

  Daxkapital claims to offer five types of tradable instruments. However, since its website is currently inaccessible, specific information about these instruments is unavailable. In addition, trading with such an unregulated offshore broker poses high risks, and there is no guarantee of making any profits.

Tradable Instruments Supported
Forex ✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks✔
Mutual Fund❌
Futures❌
What Can I Trade on Daxkapital ?

Fees

  Daxkapital charges inactive fees, which are relatively high. If there is no trading activity for 6 months, the account will be frozen, and a 10% fee will be charged from the account every month.

Trading Platform

  Daxkapital claims to provide a proprietary web-based platform with only basic functions. However, using the platform is also relatively difficult, and even some basic indicators are unavailable. Therefore, you are advised to choose brokers that have legal permission to use reputable platforms like MT4/5 or cTrader.

Trading PlatformSupported Available Devices
MT5❌/
MT4❌/
cTrader❌/
Proprietary platform✔Computer
Trading Platform

Deposit and Withdrawal

  DaxKapital claims to support payment via cards, wire transfers, AstroPay, Bitcoin, and Skrill.

  However, DaxKapital is not only unregulated, but also charges considerable withdrawal fees: $100 for credit/debit cards, $250 for wire transfers, and an additional 10% withdrawal fee for all accounts whose transaction amount does not exceed a certain threshold.

Deposit and Withdrawal

Related broker

No Regulation
Daxkapital
Company name:Daxkapital
Score
1.50
Website:https://daxkapital.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.50

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