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Not Regulated
Score
1.55 /10
Danger
Dax Traders
5-10 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.29
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2026-05-16
- This broker lacks valid forex regulation. Please be aware of the risk!
- Current data indicates that this broker does not have trading software. Please be aware of the risk.
WikiFX Verification
| Dax Traders Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Montenegro |
| Regulation | No regulation |
| Market Instruments | Stocks, cryptocurrencies, indices, commodities, forex |
| Demo Account | ❌ |
| Leverage | Up to 1:20 |
| Spread | / |
| Trading Platform | Dax's trading platform |
| Minimum Deposit | $100 |
| Customer Support | 24/7 support |
| Telegram | |
| Tel: +0212 706 26 43 | |
| Email: support@daxtraders.com | |
Dax Traders Information
Dax Traders is an unregulated broker, offering trading on stocks, cryptocurrencies, indices, commodities and forex with leverage up to 1:20 on Dax's trading platform. The minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Various trading products | No regulation |
| No deposit/withdrawal fees | No demo accounts |
| No MT4/MT5 platform | |
| Unknown payment methods |
Is Dax Traders Legit?
No. Dax Traders currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Dax Traders?
Dax Traders offers trading on stocks, cryptocurrencies, indices, commodities and forex.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
Dax Traders offers maximum leverage at 1:20. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Dax's trading platform | ✔ | PC, mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Dax claims to charge no deposit and withdrawal fees. However, it does not reveal available payment options.
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