DAX1001 Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 14:55

Abstract：Registered in Marshall Islands, DAX1001 provides multiple trading assets like cryptocurrencies, CFDs on on gold, silver, natural gas, oil, commodities, 13 indices, stocks, currency pairs on the MT4 trading platform. Besides, it also offers demo accounts and its minimum deposit to open a live account is only $1. However, it is not regulated currently.

　　Note: DAX1001's official website - https://www.dax1001.com/ is currently inaccessible normally.

DAX1001 Review Summary
Founded	/
Registered Country/Region	Marshall Islands
Regulation	Not regulated
Market Instruments	Cryptocurrencies, CFDs on on gold, silver, natural gas, oil, commodities, 13 indices, stocks, currency pairs
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:300
EUR/USD Spread	Floating around 1.6 pips
Trading Platform	MT4
Min Deposit	$1
Customer Support	Tel: +4313469999042
	Email: support@dax1001.com
	Company address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

　　Registered in Marshall Islands, DAX1001 provides multiple trading assets like cryptocurrencies, CFDs on on gold, silver, natural gas, oil, commodities, 13 indices, stocks, currency pairs on the MT4 trading platform. Besides, it also offers demo accounts and its minimum deposit to open a live account is only $1. However, it is not regulated currently.

Pros and Cons

Pros	Cons
Various trading assets	Not regulated
Demo accounts offered
Multiple account types
MT4 platform
Low minimum deposit
Popular payment options

Is DAX1001 Legit?

　　No, DAX1001 is not supervised by any regulations. Please be aware of the risk!

What Can I Trade on DAX1001?

　　DAX1001 provides 45 currency pairs, many of which exotic like USDZAR, USDSGD, USDTRY, USDSEC, USDPLN, USDNOK, USDMXN, USDHUF, USDCNH, USDCZK and USDCLP. And 16 crypto pairs with coins like Zcash, Ripple, Monero, Tron, NEO, Litecoin, IOTA, Ethereum, Ethereum Classic, EOS, Dash and Bitcoin.

　　Besides, it also offers CFDs on gold, silver, natural gas, oil, commodities, 13 indices and stocks.

Tradable Instruments	Supported
Cryptocurrencies	✔
CFDs	✔
Gold & Silver	✔
Natural gas	✔
Oil	✔
Commodities	✔
Indices	✔
Stocks	✔
Currency pairs	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Dax1001 offers three account types: Basic, Gold and Platinum. It also offers an Islamic (swap-free) account.

　　And the minimum deposit is only $1 for the Basic account.

Leverage

　　DAX1001's leverage is up to 1:300. Traders should bear in mind that high leverage not only brings high gains but high losses.

Spread

　　DAX1001's EUR/USD spread floats around 1.6 pips by testing on the Dax1001s demo MT4.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Desktop, Mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　DAX1001 supports deposits and withdrawal via credit cards like VISA and MasterCard, bank wire transfers and e-wallets. Besides, it also states that withdrawals will be processed within the first 30 days of an account being opened.

Promotions

　　Dax1001 claims to offer some bonuses. For example, if you have accepted a $200 bonus, you will have to trade at least 50 standard lots, or 5 million USD dollars if you want to withdraw. Furthermore, Dax1001 reserves the right to change the bonus conditions at any time.