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DAX-300 -

Score

1.53 /10
Danger

DAX-300

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

High potential risk

https://www.dax-300.com

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Score

Regulatory Index0.00

Business Index7.18

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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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Broker Information

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Company Name

ELRICS Brothers Limited

Company Abbreviation

DAX-300

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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DAX-300 · Company summary

Note: DAX-300' official website: https://www.dax-300.com is currently inaccessible normally.

DAX-300 Review Summary
Founded2017
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex pairs and CFDs on indices, commodities, stocks, and cryptocurrencies
Demo Account✅
Leverage1:400
EUR/ USD SpreadFixed 3 pips
Trading PlatformsMT4
Minimum Deposit€250
Customer SupportPhone, email

Dax-300 is an offshore Forex and CFDs broker. It offers MT4 trading platform with three kinds of live accounts. Demo accounts are also available. But it has no regulation and the website is not available currently.

Dax-300's homepage

Pros and Cons

ProsCons
MT4 availableRegistered offshore, website similar to XMs
Wide spreads
Not regulated
Inaccessible website

Is DAX-300 Legit?

It is not safe to trade with DAX-300. St. Vincent and the Grenadines is known for its minimal regulatory requirements. Additionally, the DAX-300 website is currently inactive, indicating that the broker has halted its trading services and is not in operation.

What Can I Trade on DAX-300?

DAX-300 offers trading in many forex pairs and CFDs – on indices, commodities, stocks, as well as some of the most popular cryptocurrencies.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks✔
ETFs❌
Bonds❌
Mutual Funds❌

Account Type

DAX-300 offers the STANDARD, GOLD, and PLATINUM accounts with the minimum deposit of € 250,€ 5, 000 and € 20, 000. Besides, the demo and Islamic accounts are also available.

Leverage

DAX-300 offers varying leverage options for its trading accounts. The STANDARD account provides a maximum leverage of 1:100. The GOLD account increases leverage to 1:200. Meanwhile, the PLATINUM account features the highest leverage at 1:400.

Trading Platform

DAX-300 offers MT4. This industry-leading platform is known for its robust capabilities and extensive suite of features, which are designed to help traders execute their strategies with precision and efficiency.

MT4

Deposit and Withdrawal

DAX-300 accepts Credit/Debit Card, Neteller, Skrill, WebMoney, and Bank Wire Transfer.

Customer Service

DAX-300 supports phone and email to contact.

Contact OptionsDetails
Phone+44 20 80891542
EmailSUPPORT@DAX-300.COM
Contact Form❌
Online Chat❌
Social Media❌
Supported LanguageEnglish
Website Language❌
Physical AddressC/o Suite 305, Griffith Corporate Centre, Beachmont,Box 1510 Kingstown, St. Vincent and the Grenadines

The Bottom Line

Overall, Dax-300 is a shady brokerage and is not recommended mainly due to its unregulated status, inaccessible website, and high spread set.

FAQs

Is DAX-300 safe?

No. It is not regulated well.

Is DAX-300 a good for beginners?

No. Though it offer MT4 and demo accounts, their trading conditions are not safe.

What security measures does DAX-300 have in place to protect my funds and personal information?

No.

User Reviews

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User comment

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Comments

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木67140
more than one year
DAX-300 is a trading platform with a friendly standard account for newbies. However, the spreads are exorbitant, and I often experience slippage, which is frustrating. It's best to look for another trading platform with better conditions to avoid the disappointment and potential losses that come with using DAX-300.
DAX-300 is a trading platform with a friendly standard account for newbies. However, the spreads are exorbitant, and I often experience slippage, which is frustrating. It's best to look for another trading platform with better conditions to avoid the disappointment and potential losses that come with using DAX-300.
Translate to English
2023-03-29 09:17
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帮我起个名字吧
more than one year
DAX-300 only provides Thai language service? I can't read a single word. If you're anything like me, don't waste your time here. I really don't know why this company entered the list of best global forex brokers.
DAX-300 only provides Thai language service? I can't read a single word. If you're anything like me, don't waste your time here. I really don't know why this company entered the list of best global forex brokers.
Translate to English
2023-03-10 14:57
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