Dax-300 Review

Is Dax-300 Scam or Legit Broker?

No, it is not safe to trade with Dax-300. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost being low it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Capital TradeFX, Traderia, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

What is Dax-300?

Dax-300 is an offshore Forex and CFDs broker. DAX-300 is operated by ELRICS Brothers Ltd, with the legal and physical addresses in St. Vincent and the Grenadines.

• According to the website, Dax-300 claims to be a leading currency and stock exchange broker in Europe, South Africa, and more. Also, it claims to have offices in over 12 countries including Poland, UK, France, and Germany. After researching, we couldn't find any mentions of this broker in any regulator's register.

• Moreover, Dax-300 has been blacklisted by Italy's regulator CONSOB:

  "the National Commission for Companies and the Stock Exchange has ordered Elrics Brothers Ltd and Sanata Partners Eood, through the website www.dax-300.com to cease the infringement of art. 18 of the TUF consists of providing unauthorized investment services and activities to the Italian public".

• Also, Austrian Financial Markets Authority has issued a warning against Dax-300:

  "Dax-300 is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore not permitted to trade on a commercial basis."

Dax-300 Review Conclusion

We advise all investors and traders to avoid Dax-300 and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Dax-300 Update

Based on our research, the Dax-300 website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.