Full Daxbase Review: Genuine Opinions on a Scam Broker (2025)

Daxbase is an online broker for trading on the Forex and CFD markets (as well as Binary Options), attracting traders with promises of superior conditions and innovative features. The company claims to provide access to dozens of financial instruments—from currency pairs and cryptocurrencies to indices and commodities—via its own web platform. Distinguishing features of Daxbase include near-instant withdrawals (under one hour), 24/7 video support, and a function for copying successful traders’ positions, making the service appealing to beginners. However, upon closer examination, it becomes clear that the broker is not regulated by any reputable authority and has a mixed reputation on specialized forums.

Company History and Background

The Daxbase broker began its activities in the late 2010s. According to open sources, the company is registered in an offshore jurisdiction—the Marshall Islands—under the legal name DX Base LTD (registration address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands). The official Daxbase website went live in 2018, though some sources claim the company was founded as early as 2013. In any case, there is almost no reliable information about the real owners or the founding of the broker: the site lacks an “About Us” section, and there are no listed founders or licensing authorities. This fact alone is alarming, since transparency and openness are key hallmarks of a trustworthy broker.

Nevertheless, in its marketing materials, Daxbase presented itself as a global broker with cutting-edge technologies. The company stated it processed more than 10,000 transactions per day, serving traders worldwide 24 hours a day. The broker became actively promoted online around 2019, including on social media (e.g., Instagram) and through affiliate programs. It is known that Daxbase worked with the FinMinistry affiliate network to attract clients. This same network includes similarly structured brokers such as BinaryCent, VideForex, IQCent, among others, suggesting a possible connection between Daxbase and that group of companies. In the Russian-speaking trading community, the first mentions of Daxbase emerged as far back as 2019–2020, and at that time experts were already questioning its reliability, citing the offshore registration and aggressive marketing (for instance, deposit bonuses of up to 100%).

The peak of Daxbase’s activity was in 2019–2020—during which the broker gained most of its clients and was noted on industry websites. However, by 2021–2022, the company’s reputation had severely worsened: regulators blacklisted Daxbase, and more negative feedback appeared on forums (more on this in the “Reviews” section). By late 2022, the official Daxbase website became intermittently inaccessible, and Forex Peace Army along with other monitoring resources noted that the broker might have ceased operations. Nonetheless, some reviews still referenced Daxbase in 2023 (likely because the trading platform may have remained functional for existing customers or site clones). Overall, the story of Daxbase is a typical example of an offshore broker that rose quickly via aggressive advertising but failed to earn long-term trader trust.

Regulation and Security at Daxbase

Daxbase is not regulated—this Digital Options Investment Company has no license from any well-known financial regulator (CySEC, FCA, ASIC, etc.). The company is registered in the Marshall Islands, an offshore zone that imposes few requirements on Forex dealers. This means Daxbase’s business is not externally supervised: neither government authorities nor independent compensation funds can protect the trader if the broker fails to meet its obligations. Essentially, Daxbase clients rely solely on the company’s good faith, which is extremely risky. The expert rating at Traders Union gave Daxbase a status of a broker with an elevated level of risk and an overall reliability score of just 3.98 out of 10.

Notably, the Daxbase website itself used phrases like “trade with regulated CFD broker,” which can mislead novice users. In reality, there are no regulators overseeing Daxbase—its user agreement clearly states the company is not registered in the U.S. and essentially operates outside the jurisdiction of strict laws. This is backed by the fact that several European financial authorities added Daxbase to their warning lists. For example, the French AMF issued a warning about Daxbase in April 2020, and the Spanish CNMV published a similar notice in 2020. The offshore registration and absence of a license is a major red flag indicating a potentially unreliable broker.

Regarding client fund security, Daxbase provides no guarantees. There is no data about whether client funds are held in segregated accounts with banks—most likely, they are not. The broker does not participate in deposit compensation or insurance programs (which is expected for an unregulated entity). The only security measure Daxbase emphasizes is technical protection of transactions: the site employs 256-bit SSL encryption, along with 3D Secure technology for payments. Such measures only safeguard against hackers when entering card data, offering no protection against the financial risks of possible broker fraud.

Daxbase also claimed to protect clients from a negative balance. Theoretically, this means a trader cannot lose more money than they have in their deposit (even under abrupt market movements). However, verifying this promise is difficult, given the broker’s generally opaque nature. In any case, the lack of regulation outweighs such advantages: traders have no recourse to a controlling authority or a court in a well-regulated jurisdiction. It is not surprising that many experienced market participants urge avoiding Daxbase, even if it presents attractive conditions.

An additional concern regarding Daxbase’s trustworthiness is the subpar performance of its support team and lack of crucial information disclosure. For instance, independent tests showed Daxbase representatives were unable to explain the size of spreads and even confused the concepts of spreads and leverage. The absence of transparent fees and conditions on the official site is also often cited in reviews as a serious flaw. Taken together, this indicates that Daxbase’s service standards and transparency fall well below the industry’s best practices, amplifying the risk of encountering issues.

In summary, when it comes to regulation and security, Daxbase ranks notably below average. As one review aptly noted, there are simply too many warning signs of possible fraud to ignore. Traders are essentially unprotected—legally or financially—when working with this company. Next, we will examine Daxbase’s trading conditions. Could they somehow make up for the lack of regulation? (Spoiler: unlikely, but let’s break it down.)

Daxbase Trading Conditions

Despite regulatory shortcomings, Daxbase claims to offer competitive trading conditions designed to attract both beginners and experienced traders. Let’s look at the main parameters: trading platform, account types, available instruments, leverage, bonus programs, and the trade-copying service. We will also assess the quality of training and customer support.

Trading Platform Daxbase

Daxbase uses its own proprietary trading platform (a web trader) accessible through a browser. MetaTrader 4/5 or cTrader is not supported—this Binary Options Trading Site provides a custom solution instead. The platform is designed for both desktop and mobile devices (there is a mobile version of the website; there is apparently no dedicated mobile app). The Daxbase interface focuses on simplicity and quick order execution. Reviews suggest that it resembles a platform for Binary Options: trades can be placed in one click by setting the amount and direction (Buy/Sell). The broker itself confirms this: the minimum order size is $1, and the Binary Options payout can reach 90% of the stake. This last parameter clearly corresponds to typical Binary Options logic (for example, if you invest $100, you might get $190 upon a correct prediction, meaning a 90% profit).

For market analysis, the Daxbase platform provides fairly extensive capabilities: over 80 technical indicators and oscillators are built into the charts. Traders can choose from Japanese candlesticks, line, bar, and other chart types, and can set different time intervals. Basic risk-management features are included (Take Profit and Stop Loss) for CFD trades. However, reviews note that overall functionality is still less robust than standard terminals like MT4/MT5. For instance, there is no support for algorithmic trading or automated robots, nor can you install third-party indicators or scripts. The platform is primarily geared towards fast manual trading and copying other traders’ signals.

A unique “twist” of Daxbase was its integrated video connection with customer support. On the platform (or the website), the client could communicate in real time via video chat with a broker representative. Daxbase promoted this as a competitive advantage that lets you quickly solve problems and learn from managers. Indeed, 24/7 live support is a strong point for the company. It’s offered in several languages, including Russian, English, Chinese, Thai, and so on. Such around-the-clock availability is rare among brokerage services. Still, as mentioned earlier, the quality of consultations left a lot to be desired (for example, staff confusing spreads with leverage). Moreover, the video chat was also used for marketing: managers could directly persuade clients to deposit, showing the “human face” of the company. Some traders found this approach intrusive.

It is worth noting that you can trade via mobile at Daxbase—either through the responsive website or the web platform in your mobile browser. Unlike IQ Option or Exnova, however, Daxbase does not provide its own separate application in the App Store/Google Play. Still, it is possible to trade by phone, albeit with limited convenience.

In conclusion, the Daxbase platform is easy to learn but limited in features, oriented toward rapid trade execution and copying. It may suit novice traders who appreciate an intuitive interface, while experienced participants may miss the advanced technical analysis tools and automation found in more familiar platforms.

Daxbase Account Types

To cater to various categories of traders, Daxbase introduced three account types: Bronze, Silver, and Gold. They differ in the required initial deposit and the range of benefits. Below is a comparative table of each account’s conditions:

As you can see, the main differences concern the deposit amount and the extra services. The basic Bronze account at $250 is intended for beginners, giving access to all core features (trading, copying, demo) and customer support, plus a 20% deposit bonus. The Silver account ($1,000+) has a larger bonus (50%) and grants participation in a master class—an educational webinar or course from the company, aiming to improve a trader’s skills. The Gold account ($3,000+) targets more serious investors: the 100% bonus doubles the deposit, the client gets a personal manager, and all previous perks (webinars, priority withdrawal processing, etc.).

Interestingly, neither spreads nor commissions are explicitly listed for any account type—brokers typically differentiate accounts via specific trading conditions (e.g., lower spreads on VIP accounts). With Daxbase, it seems that order execution conditions are the same for everyone, with differences mostly in service level. Independent reviews confirm that “the Daxbase site does not clarify how the account types differ other than that Silver and Gold get a master class and a personal manager.” Thus, the choice of account type primarily affects how much “broker support” you receive rather than the trading parameters themselves.

It is worth mentioning an Islamic (Swap-Free) account—some sources suggest Daxbase provides swap-free options on request, though it is not promoted among the account type descriptions. Presumably, customers from Islamic countries could open a swap-free account through support.

Overall, the Daxbase tier structure resembles the standard offerings of many offshore Binary Options Trading Providers: higher deposits promise bigger bonuses and a more personalized approach. However, traders must remember that Daxbase bonuses are not “free gifts” but come with trading volume requirements—commonly known as “bonus turnover.” In the Daxbase bonus rules, these obligations are likely spelled out (for instance, one must trade 40x the bonus amount before bonus funds can be withdrawn). While standard industry practice, novices may be unaware that by accepting a 100% bonus, they effectively double the volume needed before unlocking any funds for withdrawal. Hence, Daxbase bonuses are a double-edged sword: they can boost your trading capital but significantly complicate withdrawals if you do not meet the required turnover. It is recommended to read the “Bonus rules” carefully on the website and decide if the bonus is truly beneficial or if you would prefer to trade only your own funds.

Leverage and Trading Instruments

The leverage (credit) at Daxbase is capped at 1:100, reportedly for “professional traders.” A 1:100 ratio is relatively modest for an offshore broker (where 1:500 or even 1:1000 is often available). Perhaps Daxbase deliberately chose not to raise leverage excessively, aiming to mitigate the risk of immediate client liquidation and to uphold its promise of no negative balance. For most currency pairs, 1:100 is enough for comfortable trading, though some competitors do offer more (for example, AMarkets can go up to 1:3000). Still, limiting leverage to 1:100 is arguably safer for novice traders, who otherwise might overleverage and incur large losses.

Information on spreads and commissions at Daxbase is conflicting. Officially, the site does not specify exact spreads, but an external review notes the EUR/USD spread starts “from 1 pip.” Spreads may be variable and dependent on market volatility, but on average appear around ~1–3 pips for major pairs, which is neither outstandingly tight nor unreasonably wide. It seems there are no separate per-lot transaction fees—Daxbase profits primarily from the spread. Also, there is no deposit/withdrawal fee (see more on that later). Thus, the only direct cost to the client is the spread. However, keep in mind that hidden fees or spread widening can occur in volatile periods—without regulation, the broker is free to set or simulate quotes as it sees fit.

As for financial instruments, Daxbase advertises a fairly broad market range for its format. The following categories of assets are available:

• Forex – major, minor, and exotic currency pairs. In total, about 50 pairs, including EUR/USD, GBP/USD, USD/JPY, etc.
• Commodities – oil (Brent, WTI), precious metals (gold, silver), possibly gas, and more.
• Indices – key stock indices (S&P 500, Nasdaq, DAX, FTSE, etc.).
• Stocks (via CFD) – Apple, Tesla, Amazon, and possibly other highly liquid shares.
• Cryptocurrencies – Bitcoin and altcoins. The site mentions “15+ altcoins,” likely including BTC, ETH, Litecoin, Ripple, Monero, etc.
• Binary Options – a separate category: short-term bets on market direction (covering currencies, indices, crypto). Daxbase branded itself as a platform combining classic CFD trading with Binary Options.

In total, the broker cites around 100 tradable assets—a decent number for a relatively young platform. While major brokerage firms may offer thousands of CFDs, Daxbase covers the fundamentals. Another highlight is the possibility of weekend trading, thanks to cryptocurrencies and possibly OTC index contracts—advertised as 7-day trading, unlike typical Forex dealers working five days a week.

Summarizing: Daxbase offers a broad enough catalog for an average trader, albeit less extensive than top-tier multi-asset brokers. Leverage at 1:100 is conservative but reasonable. The commission model (spreads only) seems straightforward, although the full fee picture is not transparent. The next question is how easily traders can actually withdraw their profits, since appealing trading terms have little meaning if the broker fails to pay out. We address that below.

Bonuses for Traders

We’ve touched on bonuses in the context of account types, but let’s delve deeper. Daxbase awards Deposit Bonuses only on the first deposit, scaled to the size of that deposit: 20% for Bronze, 50% for Silver, and 100% for Gold. For example, depositing $3,000 (Gold tier) grants an additional $3,000 in bonus funds, for a total of $6,000 to trade. This is a very generous offer, surpassing most competitors (who typically offer 20–50%). But as noted, receiving a bonus entails certain conditions. According to Daxbase, bonus money cannot be withdrawn immediately—you must first meet a required trading volume (turnover). Though the exact requirement isn’t publicly listed, a common standard is 40 times the bonus amount. So if you receive a $3,000 bonus, you’d have to generate $120,000 in trading volume before the bonus or any related profits become withdrawable.

It is likely possible to decline the bonus when depositing—many brokers provide that option. Experienced traders often do so, preferring the freedom to withdraw funds without constraints. Newcomers, however, are easily tempted by big bonuses, sometimes failing to read the conditions and subsequently feeling cheated. There are complaints in Daxbase reviews stating “the broker doesn’t pay out profit,” though in many instances, it turned out the user had not yet met the required turnover for the bonus program.

In addition to deposit bonuses, Daxbase held various contests and promotions. The site featured a “Contest” section, possibly hosting trader competitions with prizes. There may also have been a referral program (judging by a “Referrals” tab on the site), offering commissions to clients for bringing in new users. Such aggressive marketing methods are typical of unregulated Binary Options Trading Sites looking to expand their client base quickly.

Crucially, bonuses and promotions from Daxbase do not compensate for the lack of regulation. Sometimes unscrupulous companies lure participants with high bonuses because they cannot attract them through reputation alone. Always be cautious of big bonuses—“there’s no free lunch.” With Daxbase, bonuses might be beneficial if you trade large volumes actively, but they can create significant obstacles to withdrawal otherwise. Our advice is to read the “Bonus rules” thoroughly and weigh whether a bonus is truly worth it or if you prefer to keep it simple.

Copying Trades (Social Trading)

One of the more enticing features aggressively advertised by Daxbase was the system for copying successful traders’ positions. The slogan read: “No previous experience? Just copy the most successful traders!” This functionality is built directly into the platform: after registering and funding an account, a user can select one or more top-ranked traders to follow, automatically duplicating their trades proportionally to the user’s balance. Effectively, Daxbase implemented a social trading network within its service.

How it works: the interface presumably displayed leaders’ performance statistics—profitability, number of followers, risk level. Users could join by clicking once. Then every position opened by the chosen “expert” would be copied to the subscriber’s account (on a proportional scale). For instance, if the leader manages $10,000 while you have $1,000 (10 times less), a 1-lot position by the leader would translate to 0.1 lot for you, and so on.

For beginners, this may appear attractive: no need for personal market analysis, just find a “guru” and replicate their trades almost on autopilot. Daxbase clearly targeted inexperienced traders with this feature, promoting “easy earnings” like those of a pro. However, caution is advised. It is unknown how Daxbase selected “top traders” or whether these were genuine accounts. Worst-case scenario, the rankings could be fabricated by the broker. Even if the traders are real, past performance is no guarantee of future results—copying always carries risk. In unscrupulous environments, the platform operator can manipulate the system to cause followers to lose money.

We cannot definitively state that Daxbase engaged in such activities, but a lack of regulatory oversight creates an environment where anything is possible. That said, the concept of social trading itself is solid, and reputable companies do use it successfully to help novices learn and potentially profit. For instance, eToro has offered regulated social trading for years. Daxbase, however, used it more as a selling point to compensate for its low trustworthiness. Marketing materials emphasized that beginners could “virtually guarantee” profits by mirroring “star” traders.

So, while trade copying is a double-edged sword, Daxbase did implement it, making it a technical plus. But its effectiveness depends on the quality of the traders you copy and the transparency of their stats. Without regulation, you cannot be sure how genuine those metrics are. We recommend viewing copy trading not as a “money button,” but as a way to learn from experienced participants while continuing to do your own analysis.

Training and Client Support

Training on Daxbase is a matter of debate. On one hand, the broker claimed to offer personal training to Silver/Gold users—master classes, webinars, manager consultations. On the other, there were very few free educational resources (articles, videos, courses) open to the public on the site. Essentially, a newbie with the minimum Bronze account received no “academy” or knowledge library—just the FAQ section and a few basic tips. This approach is common among offshore Binary Options Brokerage Services: instead of a structured educational program, they steer new users toward copying trades or turning their funds over to a personal manager.

The Daxbase customer support warrants special mention. Round-the-clock (24/7) service is one of the broker’s cornerstones. Support can be reached via multiple channels: live chat (including video), email, and phone lines for different countries. The promised speed is impressive: support responds immediately, and withdrawal requests are allegedly processed within an hour, etc. By formal measures, Daxbase appears to prioritize that clients never feel abandoned. Some reviews do praise the support staff—for instance, for the website’s user-friendliness and rapid replies.

However, as we have seen, the quality of these consultations is questionable. When a tester asked about spreads, support could not clarify. We also do not know how competent the personal managers for Gold accounts actually were—too often, with unregulated brokers, a “personal manager” is effectively a salesperson tasked with urging clients to deposit more or to trade in bigger volumes, benefiting the broker (especially if it operates as a market maker). Thus, Daxbase support likely served partly as a sales channel rather than purely a helpdesk. This is a hallmark of many offshore brokers—managers are not necessarily incentivized to help you trade profitably; they may simply push for heavier trading.

In conclusion, Daxbase provides minimal educational resources, aside from certain master classes for VIP members. Beginners are offered simplified routes like trade copying instead of comprehensive learning. Customer support is indeed 24/7 and multi-channel, but it mainly aims to retain your business. It is unrealistic to expect Daxbase managers to teach you how to trade profitably; most likely, they will encourage active trading by any means.

Deposits and Withdrawals

Payment operations are a key aspect of assessing any Binary Options Trading Provider. In Daxbase’s case, the company entices users with promises of quick, fee-free deposits and withdrawals. Let’s look at how you can fund your account, how easy it is to withdraw earnings, and potential pitfalls.

Deposit Methods

Daxbase offers a relatively wide range of funding methods—understandably, it wants to remove barriers for clients adding money. Available methods include:

• Bank cards (Visa/MasterCard) – the most popular choice. Depositing by card is instant, although there is a 5% fee (charged by the payment provider). Daxbase states this explicitly; for instance, a $500 deposit via Visa would result in $475 credited to the account.
• Electronic payment systems – reviews mention Perfect Money and Neteller. Possibly Skrill or other e-wallets were supported, but Perfect Money and Neteller are reliably documented. PayPal is not supported (not uncommon in Forex).
• Cryptocurrencies – a strong point for Daxbase. Clients can fund their accounts directly with crypto: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Monero, and more. A total of “15+ altcoins” may be accepted. Crypto deposits are generally processed quickly (after a few network confirmations), and the broker does not charge fees (beyond the miner fee).
• Wire transfer – for larger amounts or clients lacking other methods. This can take several days to complete. Daxbase does not charge a wire fee, though sending banks might.

The minimum deposit is $250 (the Bronze level). This sum is not small by industry standards (many competitors allow starting with $10 or $100), so Daxbase is clearly trying to attract people willing to risk more from the outset. Perhaps the broker wants to filter out micro-depositors and focus on bigger trades.

One definite advantage is the immediate availability of funds. All electronic methods (cards, e-wallets, crypto) credit the account instantly, allowing trading to commence at once. Daxbase claims all transactions are secure (SSL, 3D-Secure) and that customer funds are held in “top European banks”—this, of course, is hard to verify independently, but at least they make the claim.

In short, it is quite easy to deposit into Daxbase, and the variety of options is a plus. The broker evidently worked to reduce friction at the deposit stage. But the crucial question remains: Can you withdraw your profits just as smoothly? Let’s examine next.

Withdrawal Terms

Daxbase heavily touts its rapid payouts—nearly all reviews mention a withdrawal processing time under one hour. That is indeed impressive, as even the fastest brokers typically take several hours or up to a day. Daxbase’s tagline is: “Withdrawals are super fast (about an hour).” Their feature table also indicates a $0 withdrawal commission. The exception is withdrawing to bank cards (Visa/MasterCard): as with deposits, a 5% fee applies. In other words, you pay 5% on deposit and another 5% on withdrawal if using a card, resulting in a net ~9.75% fee on your profit. That is quite high. Many likely choose alternatives (Perfect Money or crypto), both of which carry no broker fees. Cryptocurrency is especially convenient for international clients, as there are no tax documents or banking obstacles—funds go directly to your crypto wallet.

The minimum withdrawal amount is $50; smaller balances are ineligible, requiring you to increase your total first. Fifty dollars is a typical threshold for brokers of this kind. There appears to be no maximum withdrawal limit aside from those of specific methods (e.g., ATM restrictions for cards).

Before the first withdrawal, you must pass identity verification (KYC). Daxbase requires uploading documents: a passport or ID, proof of address (utility bill), and possibly proof of card ownership (a photo of your card with certain digits covered). This is standard anti-money-laundering procedure across the industry. However, some complaints mention that Daxbase prolonged the verification process or repeatedly requested documents—possibly for larger sums.

What do real reviews say about withdrawals? Official platforms like Trustpilot lack robust feedback (we will discuss that in the next section). On forums, one finds user stories. Some claim they successfully withdrew smaller amounts ($200–$500) without trouble, while bigger sums triggered delays. Others report indefinite “verification checks” or direct prompts from managers urging them to keep trading instead of withdrawing. Critical reviews allege that Daxbase systematically hinders large payouts, ultimately depleting the client’s deposit.

Because Daxbase is not regulated, users lack a strong recourse if money is withheld. Without a license, the broker can cite some clause in its rules to justify a delay or denial. Regulated companies give traders the option to file complaints with the authorities or take legal action. Here, you can only complain publicly online to warn others.

In fairness, Daxbase’s technical implementation of payments looks impressive on paper: multiple methods, quick turnaround, zero fees, and a low threshold. By comparison, even top-tier brokers can require 1–3 days for processing and might charge fees. Thus, if you trust their pitch, Daxbase is nearly ideal in terms of payments. But the reliability is questionable, overshadowed by the broker’s overall dubious status. Swift deposits are cold comfort if your large profit withdrawal eventually gets blocked.

Real Trader Reviews of Daxbase

Official statements and marketing claims aside, the true test is how actual clients have fared with Daxbase. We examined feedback across various platforms—from specialized sites (Trustpilot, Sitejabber, Forex Peace Army) to discussion forums and social networks—and unfortunately, most of it does not favor Daxbase.

On Trustpilot, a leading consumer review site, Daxbase has no profile. This is unusual, as companies typically create an official listing to manage client feedback and monitor reputation. With Daxbase, there is no listing or TrustScore, suggesting the broker may be avoiding major open-review sites due to potential negative comments. Similarly, on Forex Peace Army (FPA), one of the oldest Forex forums for broker reviews, there are no user reviews about Daxbase, and the broker status is noted as “not functioning, website offline.” Hence, the community has not assigned any official trust rating (in contrast, reputable brokers often have thousands of reviews with an average score of 3–4 out of 5).

Nonetheless, you can find traders’ opinions on other sites and forums. For instance, the Russian portal Vklader, which focuses on exposing financial pyramids, includes Daxbase in its blacklist, and users share negative experiences there. The main complaints are as follows:

• Scam suspicions: Many call Daxbase a “scam,” citing the offshore registration and lack of licensing. Experienced traders are immediately wary of such setups. Some go further, directly accusing: “These people are frauds—do not get involved, you’ll lose your money.”
• Withdrawal issues: A recurring theme is that small withdrawals may go through fine, but larger sums lead to stalling. Some claim they never got their money back, especially if they had made a substantial deposit with a 100% bonus (making it essentially impossible to fulfill the turnover rules).
• Platform manipulation: Several users suspect Daxbase’s quotes do not reflect real market prices. Complaints mention “drawn” charts—sudden spikes that hit stop-losses or cause Binary Options trades to fail, even though no similar price movement occurred on real market charts. This is a classic sign of a “bucket shop” if the broker controls all pricing internally.
• Persistent managers: Clients from the CIS report that after registering, they received continuous calls from Russian-speaking reps, pushing them to deposit larger amounts and earn bigger bonuses by upgrading to a Gold account. Some found the pressure excessive and unsettling: “They kept calling from unknown numbers, trying to get me to send more money.”
• Positive reviews: There are very few, but they do exist. Some newcomers, having tried the demo or initially withdrawing a small profit, posted enthusiastic notes such as “everything is great, the platform is convenient, money arrived in 30 minutes, I recommend this broker.” For example, on WikiFX one positive reviewer praised the simplicity of the interface and said they were testing the demo account. However, such reviews often appear shallow or possibly fabricated for PR purposes.

Of course, online reviews are subjective. Dissatisfied clients are more inclined to write feedback than those who had an unremarkable or decent experience. Not everyone has faced issues—some may have made profits by withdrawing smaller amounts in increments. Especially given certain platform features that are indeed convenient (fast withdrawals, 24/7 support, etc.). However, negative and cautionary reports heavily outweigh the positive ones, which strongly undermines Daxbase’s credibility.

Independent reviewers (not customers, but industry experts) echo these concerns. We previously referenced an investfox article concluding: “Daxbase is not a trustworthy company… We do not recommend this broker to our readers.” Another source, ForexNewsNow, posted a piece titled “Is DaxBase a legitimate broker or a scam to avoid?” The article enumerates typical scam signs—no registration info, offshore legal entity, lack of a valid license—and concludes “DaxBase scam is real.”

As for numerical ratings, aside from TradersUnion’s 3.98/10, investfox scores Daxbase at 2.75 out of 5, a below-average rating. WikiFX gives it roughly 1/10 for security, though their criteria are not entirely transparent.

Overall, Daxbase’s reputation among traders is negative. The company is seen as an unregulated offshore Binary Options Trading Platform with a high scam risk. There are hardly any authentic success stories, whereas plenty of warnings and negative experiences do exist. This is a serious alarm for anyone considering Daxbase—it’s likely not worth putting your money on the line here. Still, for completeness, let’s compare Daxbase with several competitors mentioned earlier: IQ Option, AMarkets, and Exnova. We’ll see how Daxbase stacks up against more established providers.

Igor Lementov - Financial Expert and Analyst at Trading-Today.net