Is Dax300 a scam or a legit broker?

It is not safe to trade with Dax300, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

Dax300 is an offshore Forex and CFDs broker. The company is owned and operated by the Brown Fox Limited, based in the Marshall Island.

About Dax300
🗺️ Registered inMarshall Island
🗺️ Type of LicenseOffshore License
🛡️ Is Dax300 safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

In fact, Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors’ investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around. 

Dax300 doesn’t provide any information about its regulation as well as its location or contact numbers. The lack of this kind of information is a red flag for the investors. The website supports English, German, Spanish, Italian, Indonesian, Polish and Arabic languages. Usually, it means the company has chosen these countries as its target. However, Dax300 is not authorized in any of the mentioned countries.

Moreover, Spain’s regulator CNMV has issued a warning against Dax300 and Brown Fox Limited:
“BROWN FOX LTD www.dax300.com is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, which include investment advice, or to provide the auxiliary services detailed in the Article 141 of the said Law in relation to the financial instruments, including, for those purposes, foreign currency transactions.”

Conclusion

We strongly advise all investors and traders to avoid Dax300 and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and eToro.

You can also share your trading experience with Dax300 by commenting on this review.


Dax300 website is no longer active.

No news available.

One response to “Dax300”

  1. Non restituiscono nè capitale e nè profitti.Truffe a buon mercato.E’ uno schifo,nessuno interviene a sospenderle.

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