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Dakken Group Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-30 15:42

Abstract：Dakken Group, a trading name for Clandestiny Group LLC, is purportedly a Saint Vincent and the Grenadines-registered forex broker that offers a range of tradable financial instruments, such as Forex, commodities, stocks, indices, and cryptocurrencies, with fixed spreads starting at 0.5 pips on MT5 platform and flexible leverage up to 1:400. Additionally, the company claims to offer four distinct live account types.

　　Note: Dakken Group's official website - https://dakkengroup.com/ is currently inaccessible normal.

Dakken Group Review Summary
Founded	2011
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex, Commodities, Stocks, Indices, Cryptocurrencies
Demo Account	/
Leverage	Up to 1:400
Spread	From 0.5 pips
Trading Platform	MT5
Min Deposit	$250
Customer Support	24/5 support
	Contact form
	Email: tech.support@dakkengroup.com
	Company Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent and the Grenadines

　　Dakken Group, a trading name for Clandestiny Group LLC, is purportedly a Saint Vincent and the Grenadines-registered forex broker that offers a range of tradable financial instruments, such as Forex, commodities, stocks, indices, and cryptocurrencies, with fixed spreads starting at 0.5 pips on MT5 platform and flexible leverage up to 1:400. Additionally, the company claims to offer four distinct live account types.

Pros and Cons

Pros	Cons
Diverse tradable assets	Unavailable website
Multiple account types	Not licensed
Flexible leverage ratios	High minimum deposit requirement
MT5 platform	Withdrawal fee charged
Popular payment options	Only email support
No deposit fee

Is Dakken Group Legit?

　　No, Dakken Group operates without valid regulations, which means you receive no legal protection when trading on this platform. Please be aware of the risk!

What Can I Trade on Dakken Group?

　　Dakken Group's market instruments cover forex (EUR/USD), commodities (oil, gold, silver), stocks (Apple Stocks, Amazon, Google), indices (NASDAQ, S&P 500), and cryptocurrencies.

Trading Asset	Available
forex	✔
commodities	✔
indices	✔
stocks	✔
cryptocurrencies	✔
bonds	❌
options	❌
ETFs	❌

Account Type

　　Dakken Group claims to offer four types of trading accounts, namely Ripple, Ether, Bitcoin and Luxury.

Account Type	LUXURY	BITCOIN	ETHER	RIPPLE
Min Deposit	$1 Million	$100,000	$15,000	$250

Leverage

　　Traders holding different account types can enjoy different maximum leverage ratios.

Account Type	LUXURY	BITCOIN	ETHER	RIPPLE
Max Leverage	1:400	1:400	1:200	1:100

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

　　Dakken Group claims to provide its clients with fixed spreads from 0.5 pips for all account types.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Web, iOS, Android and Webtrader	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　Dakken Group says to work with multiple payment methods, consisting of Visa, Mastercard, Maestro, Skrill and cryptocurrency.

　　The minimum initial deposit requirement is said to be $250, and the minimum withdrawal amount is £65/€90/$100.

　　There is no deposit fee charged.

　　All withdrawal requests require 3-5 working days to be processed.

Promotions

　　Dakken Groups website claims to offer a 35% bonus for the account you open and a 45% bonus if you bring your friend, yet we cannot be sure if the bonus can be withdrawn without any limitation.

　　In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.