Daxrobot Review 2020 Is Dax Robot Automated Trading System Legit or Scam

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Fighting online scams since 2020

SCAM ROBOT: DAXrobot and DAXBASE review

This review is an explanation of why you have to stay away from DAXrobot and the broker DAXBASE.

DAXrobot is supposed to be an automated trading solution for financial markets. This robot will trade for you and allegedly earn you money.

It is supposed to do that with the DAXBASE broker that claims to be regulated. Can you trust these solutions?

Table of Contents

DAXrobot scam

Let’s start with the DAXrobot. The picture of the robot shows a software that we have already seen several times with investment scams.

This robot is not profitable, in fact, it loses money in real trading. It’s a software created by scammers to attract people to shady brokers.

Or you thought that a free software will make you money? No free robot will make you money in trading, it would go against basic economic principles.

DAXBASE is NOT regulated

Now on to the broker DAXBASE. On its webpage you will find a big statement that it is regulated. But it is not true.

In fact, DAXBASE is an anonymous broker that is not even showing a physical address! It only shows some phone numbers, that’s all.

DAXBASE is not regulated in any country, therefore it cannot offer its services in any country that has a financial regulation.

With brokers that are not regulated your money is not protected in any way, you should never trade with them.

Conclusion

DAXrobot is a scam robot and DAXBASE is a broker that is not regulated. Stay away from them!

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If you want to try financial trading, do it on a free demo with a regulated broker.

Bear in mind that trading is risky, so be careful and if you decide to switch to real money trading, invest only money that you can afford to lose.

DAXRobot Review – CFD Trading

DAXrobot is a new trading system that is particularly customized for automated CFD trading; thus making trading more fun and easier than ever. Although very new to the trading industry, this robot is already getting a great deal of attention, which means that we need to provide a review and let you know if it’s viable or not.

The parent company of DAXrobot is a DAXbase that has a nice reputation in the CFD trade market, although there are some who would hesitate in agreeing to this. The concerns and hushed up “e-gossips” about DAXrobot or DAXbase circulate primarily around scanty information on the company’s background. However, with a little bit of dedicated research it becomes very apparent that behind the enormous success of DAXbase is Finanace Group Corp; which is a well-known company and global leader in the Forex trade industry. When you are considering a broker it is always wise to prefer credibility and market reputation and Finance Group Corp has both, so it seems to be a safe bargain.

DAXRobot Review

When you really think about all of the features and the promised payouts, it does seem too good to be true. However, when you scrutinize the available information it does hold some plausibility; for instance the user interface that this robot offers seems to be very friendly, interactive and does appear to take the stress out of CFD or forex trading. In essence, to use this software or robot, you do not need to be “certified” or receive any special training.

The procedure of getting started with this automated system is a breath of fresh air and the developers claim to be one of the best brokers available in the markets with a promise of lavish returns on invested amounts. All you have to do as a user is to follow a simple signup process, fund the account through bitcoin, litecoin, ethereum or credit card and (as the claim goes) simply enjoy watching the robot get to work for you.

Other automated systems we prefer include:

Strategy: How does it work?

Nowadays, there is an ever-growing demand of crypto currencies and FX. Tending to this market needs companies (such as DAXrobot) come up with smart and automated solutions for traders to maximize profits. These bots operate on the cutting edge AI oriented strategies that absolutely wins at luring the investors into the world of Crypto currencies and Forex.

DAXRobot is one of those smart and solution oriented companies that have worked relentlessly towards launching a competitive and most efficient automated CFD and Forex trading system. The company claims to serve the needs of all investors, whether they belong to the retail or institutional side. In addition to all of this, the customers enjoy scalable solutions for compound or fixed strategies, and can easily sift through available assets and several investment opportunities in a systematic manner.

They provide very little detail about their actual trading strategy.

Some Facts about DAXRobot

  • Type: It’s an automated trading system/software
  • Price: It’s FREE…!*
  • Asset: CFD and Forex trading
  • Broker: DaxBase (the parent company)

DAXRobot does not cost a user fee, however, to be able to benefit from all the services, you must make a deposit with DAXBase (their broker).

Trading Results

The company does claim to provide a higher profit margin but there don’t seem to be any verified trading reuslts. DAXRobot is undoubtedly fast, simple and promising; however, all investors must operate on realistic grounds while making an investment. The concept of multiplying your wealth overnight is largely impractical because the returns always rely on prevalent market situations. The difficulty is in assessing the extent to which such a trading bot can influence the market trends.

Considering the fact that this robot is essentially a free software, the results that one can obtain from this are quite impressive. However, the traders must consider all possibilities and should not deposit with DAXRobot if they are expecting an overnight wealth multiplier.

Client Feedback

DAXRobot has a conflicting collection of reviews, although, a lot of them are skewed towards positive…with an average rating of 3 out of 5 stars.

Conclusion

Although DAXrobot appears to have various tools and features to automatize and enhance the profit margin in Forex trading…there’s a concern of under-representation. This lack of information about ‘how the product works’, ‘what type of results to expect’ etc., gives rise to certain rumors around the authenticity of the software. Another factor of concern is that they claim to be an award holding company, however, there is little to no evidence to corroborate this claim.

Although, one can infer that Finance Group Corp being a parent company, actually holds wonderful market repute and therefore the subsidiaries must not be too far away either. The company could use the criticism and incorporate more transparency about how the bot actually works. In addition to this, potential customers would be able to establish a greater connectivity with the company if they can view some user reviews, viedos, pictures etc.

In conclusion, this software appears reputable, but without real strategic insight or trading results, it is still difficult to recommend.

Leave us a comment below to share if you are considering DAXRobot and what are some of the things that you are keeping in mind. Or if you have already used it, let us know how did it go for you?

Daxrobot Review 2020: Is Dax Robot Automated Trading System Legit or Scam?

DaxRobot Reviews: Is this System Worth the hype? Dax Robot is a new crypto bot launched this year. Though relatively new in the crypto world space it has been on the lips of many crypto Traders. This review brings into limelight what Daxrobot is all about and if it is a safe bot for trading. >> Look here

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Dax Robot Review: What is Daxrobot?

DaxRobot trading software is a unique product for CFD/Forex trading, created to help traders to make profits fast and easy. It also has a manual option. What this means is that if you want to trade on your own just stop the robot and go to the brokers page, log in into the system with the same log in password. The robot is web-based meaning you do not have to download anything in order to access and start using Daxrobot app. See here

FEATURES

  • USER FRIENDLY BOT.
  • LIVE CHAT
  • WEB BASED BOT
  • AFFORDABLE DEPOSIT
  • AWESOME USER INTERFACE

How Does Daxrobot Work?:

Daxrobot automated CFD trading bot is quite simple to use. All you need to do is fund your account according to the amount of deposit you are ready to invest and choose the robot you like. The robot will place the trades automatically, using the integrated algorithms. The higher the investment amount the more assets are available for robot to trade on. This is an easy and profitable way to get additional income without spending time on market research and analytics.

Should You Trust DaxRobot With Your Money?:

Though there are not much information on their web site, judging from the pictures and the platform we can say Daxrobot is a safe bot to trade with. If at a time you think you want to trade on your own there is an option for that, where you can get a broker ‘Daxbase’ to lead you’. Daxrobot is compliant with all financial regulation standards, however, as the business is international they are not limited within particular country regulatory framework.

Visit Official Website>>>

Conclusion:

Because this company is quite new, there are very few customer reviews online. However, we believe Daxrobot is safe and we recommend it for trading as there is limited risks associated with using this app for trading. The minimum deposit to start trading is $250, this is not the price of the robot as it is free to use, your deposit is your investment money.

DaxRobot Review and Guideline

Trading can be both thrilling and disastrous depending on the knowledge you possess and the platform you choose. It has multiple underwater stones and traders, especially new ones, may face a variety of problems if not devoting enough time to researching and learning.

One of them is choosing a right broker. If you fail to find a reliable, reputable and competent platform, you risk of losing investments. That is why this manual will be useful for users of all proficiency levels and for those, who are thinking whether to entrust their money to DaxRobot or not. Make yourself comfortable and let’s get started!

About DaxRobot

DaxRobot is an automated platform for trading, which generates signals taking into account a variety of algorithms and systems of recognizing patterns. It allows to identify correct signals and to use them for making profits.

In other words, with Dax Robot you will be able to make money with minimum interference just sitting at home and sipping coffee. What can be better than that?

Benefits of DaxRobot include:

  • A simple and convenient interface, which allows users to master trading with ease. Even if you are completely new to the world of online investments you will easily understand how to get started;
  • Customer support always provides timely assistance and their managers speak multiple languages for maximum convenience. In addition, they can be reached through the phone or via email and a live chat with a video option;
  • There are no additional fees for those, who decide to use DaxBase. Only the minimum deposit!
  • Considering that the service is relatively new, there is a slight incoordination on the website and the income claims may be quite challenging to achieve;
  • DaxBase is the only broker the platform can be integrated with, which greatly limits traders;
  • Demo sessions are only one minute long and afterwards you need to make a minimum $250 deposit;
  • Partner-broker is also new to the field and is unregulated.

DaxRobot Features

Although DaxRobot doesn’t have such a long operating history, it definitely has a few features that competitors can’t boast. Here are the main of them:

Automated Trading

DaxRobot can offer a variety of trading bots with new ones emerging on regular basis. Every robot is listed depending on the profits and if you look at the top ten you will see that their profit percentages start at 97%.

Every robot has a number of characteristics. For example, you can choose a bot depending on the market it works with. You can also choose a market depending on the cryptocurrency you are interested in (BTC/USD, LTC/USD or others).

It is important for every trader to choose a robot that complements trading strategies and levels of risks. Don’t forget that every robot is locked after a demo period and you can unlock it by making a certain deposit (different for various bot types).

Broker Integration

At the moment, DaxRobot can be integrated only with DaxBase (a partner service and a forex broker). Unfortunately, representatives of the company didn’t give any information on their plans on integrating other brokers, for example FXTM.

For a regular user this means that you should first create a DaxBase account and only then start utilizing DaxRobot. However, despite the fact that DaxBase is quite new on the market, it has a solid reputation and more and more users choose it for their trading operations.

DaxRobot Availability and Pricing

Luckily, DaxRobot can be used almost in every country. For example, its partner-broker DaxBase can be utilized anywhere except the USA.

DaxRobot has a demo version but it ends after a minute. To start trading you need to unlock the chosen robot, each of which has its own minimum deposit (starting with $250).

To make deposits or withdraw money, you should first create a DaxBase account and place your money there. Here are only some of the deposit methods: Ethereum, Bitcoin, Dash, Litecoin, Netteller and Skrill. On top of it, credit/debit cards can also be used.

The same methods are applied to withdrawals and the processing time is very short.

DaxRobot Deposits and Withdrawals

As it has already been mentioned above, there are no concrete fees for utilizing DaxRobot. You are only limited to two facts: your deposit should be minimum $250 and you must use DaxBase broker. These rules should be followed not depending on the bot you choose.

Keep in mind, if you use credit or debit cards, the system will charge 5%. The platform offers three types of accounts:

  • Bronze. $250 deposit minimum;
  • Silver. $1000 deposit minimum. You get access to Champion Class;
  • Gold. $3000 deposit minimum. You are assigned with a personal manager.

How to Use DaxRobot Software

At first it may seem quite difficult to master this automated trading platform. However, DaxRobot is really friendly and simple to use, so even beginners will understand what to do. The platform did their best to make the interface easy to understand even for the users, who have never traded before.

Actually, the only thing you should do to turn on automated signals is to log in to the system! You will get a chance to alter the system based on your preferences but DaxRobot took care of everything and have already configured the process to initialize winning signals!

If you look at the panel on the left, you will see a variety of bots that are listed based on the accuracy percentage. This allows choosing the best session depending on the strategy you have. The system will also prevent you from overly impulsive decisions if you know that you can lose your head.

Unfortunately, some beginners or too emotional traders decide that it is better to place signals without a robot, which results in losing all the investments. To be on a safe side it is better to take your time, choose a proper robot and then just sit and watch!

To register in the system you need to follow the stages below:

  1. Open a free account;
  2. To activate it you need to make a deposit (minimum $250);
  3. Before starting a new session, read the news (for example, on investing.com) to be sure that the pairs you are going to trade with are stable and strong;
  4. To increase your chances of winning, make sure you watch a variety of tutoring videos and read articles of reputable traders;
  5. When you have earned the money you wanted to earn, initialize the withdrawal and enjoy the earnings!

To avoid any problems with synchronization, it is recommended to make a deposit right after you create an account.

DaxRobot Results

DaxRobot offering is very clear and understandable: this automated system for traders produces speedy results. However, before starting using the platform you should keep in mind that there are several reservations.

First of all, you need to put aside the thought that you will double or even triple your money within a day. Market situation is constantly changing and trading robots can’t predict or greatly influence the situation.

Income rates of 200% are very rare on all of the platforms, including automated systems. That is why DaxRobot’s suggestion of doubling or tripling incomes is far from reality. Although, if you don’t expect a speedy result or a whirlwind income, DaxRobot proved its reputation and can be recommended to traders of all levels of expertise. The only disappointment is that DaxRobot uses a single broker, which limits options of traders.

Trustworthiness and Support

Any trader knows how important it is to choose a reliable broker. Actually, most of the users will choose a more expensive system if it has additional guarantees. Luckily, DaxRobot is one of them. This system has just enough information to show that it is reputable (awards, reviews) and not to bore the user with irrelevant details.

Another important fact that shows that DaxRobot is worth attention is the quantity of positive testimonials. Actually, it is almost impossible to find a negative comment and users seem to be very satisfied from using the platform.

Customer support is another important issue that indicates whether the platform can be trusted or not. You can contact their managers via live chat, email or a phone call. You can even have a video chat with the support team member, which is quite weird but why not?

Such a variety of options means that they take care about the users and are always ready to provide necessary assistance. Moreover, if you become a gold member, you will have your own VIP manager.

Recommendations when using the Dax Robot

Now, when you know what DaxRobot is and how it operates, you only need to keep in mind a few tips (actually, they can be applied not depending on the trading platform you choose).

Considering the fact that DaxRobot is quite new on the market, you will need to control the trading session. Moreover, it is highly advisable to follow the news: if something unpredictable happens, your earnings may burn and you will lose everything.

In addition, it is recommended to turn the system off when you earn the profits you planned to earn. Over-trading is a popular problem for users, who don’t know when to stop. If you want to earn and not to lose, shut the system off and withdraw your money to be on a safe side.

Final Conclusion

It is now a right time to summarize everything that was stated above. DaxRobot is a new automated trading platform, which has lots of benefits. It is very simple to use, so even if you are new on the game it won’t be difficult to start trading.

Managers of the support team show their professionalism and can always answer any of the questions, even if your native language is not English. However, you need to remember that DaxRobot is relatively new on the market, so slight imperfections may happen.

The system has all of the chances of being called a reputable and profitable platform, so the only thing they require is time. Users can entrust their money to the platform, choosing the robot they prefer, making no additional payments and withdrawing earnings within minutes.

It is a great start for a trading platform and DaxRobot is surely worth your attention if you are looking for an automated system that will save your time and money.

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