DACLAND-Some important Details about This Broker

Since DACLAND's official website (https://www.daclandfx.com/en/) is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations.

General Information

Registered in the United Kingdom, DACLAND is an online forex broker offering a series of trading instruments, with the maximum trading leverage up to 1:100 for major pair. Please be note that DACLAND is authorized or regulated by any regulatory authorities. Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money.

Leverage

When it comes to leverage, DACLAND permits traders to use leverage of up to 1:100. Bear in mind that regulate brokers do not offer such risky levels of leverage, as they limit leverage for retail traders. In the EU, UK and Australia, the maximum permitted level is 1:30 and in the US, it is 1:50. The maximum level only appears to trading major currency pairs, with even more limited leverage for volatile assets.

Spreads

DACLAND says it offers a spread of 2.4 pips for major currency pairs, which is not competitive because most legitimate forex brokers offer half that price.

Negative Reviews

DACLAND is not a good choice when choose a forex broker. The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months. Many forex broker shared their terrible trading experience on the DACLAND platform, revealing that this broker would reject your withdrawal requests once you deposited you hard-earned money.

Please be aware of the risk and the potential scam.

Payment Methods

The DACLAND website does not provide any indication of what payment methods are available and what are deposit and withdrawal terms and fees are.

Legit forex broker typically offers clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets, such as PayPal, Skrill, or Neteller.

Customer Support

Concerningly, traders with any questions or concerns they may have about their accounts can only reach out to DALCAND about or their trading through an email: support@daclandfx.com.

This may be served as further evidence that this forex broker is unsafe one to trade with.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.