Daxbase Review 2024

Daxbase was launched in 2013, and with more than ten years of experience, 24/7 support in 24 languages , and 1:100 trading leverage, it seems to be a good option for Binary Option trading. These things are not the only advantages of this old broker, and with features like copy trade, Daxbase Binary attracts traders’ attention. But wait, is it all that great? In “Daxbase review”, we will review this broker thoroughly; stay with us.

Daxbase Company Information

Let us be honest with you from the beginning of the article: The only information available about the history of this broker is the establishment of the company in 2013 and in the Marshall Islands, and practically, there is not much information. Beyond this issue, Daxbase provides not only Binary Options but also CFD trading, and its transactions run continuously 24 hours a day [even on weekends]. Withdrawals are made in less than 1 hour. For more information about this Binary Options company, see the list below.

• Daxbase Binary founded in Marshall Islands and started its operation in 2013;
• Supports more than 25 payment methods;
• Professional managers and advisors to help traders;
• More than 10000 transactions per day;
• 20, 50 and 100% bonus.

It's worth noting that while this information is sourced from Daxbase, they may change in the future; therefore, you must check Daxbase.com to access the latest information.

Summary of Details & Specifics

Daxbase positions itself as a secure and trusted broker in the Forex and CFD trading arena. Let's break down some of its key offerings, Daxbase specifications:

Account Types

Daxbase has considered three trading accounts for users: bronze, silver and gold. Interesting thing is that the name of the accounts of this brokerage is the same as that of videforex! Even the page of trading accounts is remarkably similar; It may seem strange, but even the details of accounts are the same, which raises doubts about this broker. Daxbase account types:

Each account type comes with its own set of perks, including personal success managers, trading bonuses, and access to educational resources. The tiered structure allows traders to choose an account that best fits their investment capacity and trading goals.

Sign Up & Verification Tutorial

To trade in Daxbase brokerage, you need to go through the registration process, and strange fact, you do not need to authenticate to trade in Daxbase Binary, which raise concerns; Daxbase sign up:

1. Visit the Daxbase website and click on the "TRADE NOW" button.
2. Fill in the registration form with your email, password, Name, Surname, Phone number and choose your preferred currency.
3. Choose account section and after that, click on “Activate”.
4. Make your first deposit on Daxbase with at least $250.
5. Start trading!

Remember, the minimum deposit starts at $250 for a Bronze account, but you can start trading with as little as $1 per trade.

Daxbase Binary Option Bonuses

Daxbase has considered three bonus models for traders. All of them are deposit bonuses, and their amounts change according to the user's deposit amount. Daxbase Binary bonus:

• Bronze: 20% bonus on initial deposit;
• Silver: 50% bonus on initial deposit;
• Gold: 100% bonus on initial deposit.

It's important to note that all bonuses come with terms and conditions, including the fact that all of them are not withdrawable and all you can do is to trade with them.

Commission and Fees

Unfortunately, there is no information about Daxbase commission on their official website (it may be added later.) When we asked the support about transaction fees, they replied that Daxbase does not charge commissions for deposits and withdrawals. Also, all the profits of successful trades belong to the trader, and in case of loss, they lose the entire amount.

Personal Cabinet on Daxbase Binary Option Broker

The personal cabinet on Daxbase is your control center for managing your trading account. Here's what you can expect to find:

• Account Overview: View your current balance, open positions, and trading history;
• Deposit and Withdrawal: Manage your funds easily;
• Bonus Section: Track your active bonuses and their terms;
• Trade: ability to trade in dashboard;
• Support: Direct access to customer support;
• Settings: Manage your personal information and security settings.

What Indicators and Oscillators Can You Use on Daxbase Platform?

Binary Options brokers cannot use Metatrader and other common platforms, so they set up their exclusive trading platforms. Thus, it is impossible to manually and quickly add indicators/oscillators to Binary Options platforms [including Daxbase] like common platforms. Now, the number of platform indicators becomes essential, and fortunately, Daxbase supports more than 80 Indicators!

Deposit & withdrawal options

Deposit and withdrawal methods are the same in Daxbase Binary, and there is no difference between them. Daxbase deposit and withdrawal methods:

• Credit/Debit Cards: Visa, mastercard;
• Cryptocurrency: BTC, ETH, LTC and DASH;
• Perfect Money.

It's important to note that while Daxbase aims to process withdrawals quickly, the actual time it takes for funds to reach your account may vary depending on the payment method.

Daxbase Copy Trade and Social Trading Overview

Although Daxbase does not support social trading, it has enabled copy trading transactions. In this style of trading, you can easily copy the positions of professional traders and change them as you wish. Daxbase copy trading features:

• Easy to use: Simply browse through top-performing traders and choose who to copy;
• Customizable: Set your own risk parameters and investment amounts;
• Transparent: View detailed performance metrics of traders before copying;
• Learn as you earn: Observe successful trading strategies in real-time.

While copy trading can be an excellent way to learn and potentially profit from experienced traders, it's important to remember that past performance doesn't guarantee future results.

Daxbase Binary Option Broker Trust scores

In this section of Daxbase Review, the situation of this agency does not look good at all! There is no page for trustscore Daxbase on Trustpilot and Reviews.io.

Daxbase Support

Daxbase prides itself on offering phone support and live chat to its traders in 6 languages. But there are no other support ways, however supported languages of are:

• English
• Russian
• Chinese
• Thai
• Singapore
• Australia

Trading Finder Writer's Opinion and Conclusion

Although Daxbase is more than ten years old, it looks like a new broker with disadvantages that cannot be ignored. Some of the disadvantages of this broker include lack of customer support with multiple methods and the failure to provide information regarding the number of indicators. In contrast, Daxbase Binary has advantages such as [20, 50, and 100%] bonuses. However, these are not enough, and Daxbase should provide more transparency to win users' trust.

Disclaimer: The information presented in this article [Daxbase Review] may change. Users are responsible for using this broker's services, and Trading Finder does not accept any responsibility.