Dakken Group

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

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

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.

Account Type

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

Leverage

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

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

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35% bonus for the account you open and a 45% bonus if you bring your friend, yet we cannot be sure if the bonus can be withdrawn without any limitation.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