DAIO Forex Broker

General Information Established in 2022, DAIO is an online forex broker registered in Saint Vincent and the Grenadines, offering diversified range of trading instruments through the advanced MT4 trading platform. Investors have the flexibility to choose from two different trading accounts, and the maximum trading leverage offered is insanely high on this platform, reaching up to 1:2000. DAIO is the trading name of Daio Corporation Ltd, a company registered in Saint Vincent and the Grenadines as a Business Company under Financial Services Authority with registration number 26685 BC 2022. DAIO is not authorized or regulated by any regulatory authorities to conduct forex trading business, please be aware of the risk involved. Market Instruments DAIO hypes that it offers more than 1,000 trading instruments to clients, but we could find any information about its trading classes yet. Account Types DAIO offers two trading accounts to suit the trading needs of retail and professional traders: Standard and STP. To open a Standard account, only $10 is enough, which sounds quite friendly to beginners or inexperienced traders. traders who want to try the STP account need to fund at least $100 into the account. Account currencies available: USD, EUR, JPY. A personal account manager is applicable for both accounts. Margin Call: 70%, Stop Loss: 50%. Execution: Market Execution Aside from these two live accounts, demo accounts are also available on this brokerage platform. How to open an account with DAIO？ Both live and demo account can be opened easily with the DAIO platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below: 1. Click on the “Register” link on the homepage of the DAIO website. 2. Fill in some required details and upload your personal document for verification. 3. After approval, your account will be registered successfully. 4. Fund your account and start to trade on this platform. Spreads & Commissions Like many other forex brokers, spreads and commissions are determined by trading accounts with the DAIO platform. This broker offers variable spreads and a commission-free trading environment. The spreads offered by both accounts are starting at 1 pips, in line with the industry standard. Leverage DAIO offers dynamic leverage. For instance, if you trade below 3 standard lots, you can use the maximum trading leverage up to 1:2000, 3 to 5 lots (1:1000), 5 to 25 lots (1:500), transactions above 26 lots can use the leverage up to 1:100. Overall, the leverage offered by DAIO is absurdly high, significantly higher than the appropriate amount considered by most regulatory authorities. Please be aware of the risk involved. Trading Platform DAIO offers its clients the access to popular MT4 trading platform that can be available for Desktop, Mobile and Web terminals. MT4 trading platform is famous for its user-friendly interface, top-notch charting and market analysis tools, as well as the support of automated trading bots (Expert advisors).Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface. Payment Methods The minimum deposit to invest with this broker is $10. DAIO says it has a payment system called “Surepay” can directly bring you to FPX payment where you can choose to deposit via local banks. DAIO claims that there is no fee charged for deposit and withdrawal, and it will process withdrawal requests within 24 hours. Customer Support DAIO relies on its FAQ section and email support to solve its clients trading-related problems. Here is the contact detail: Email: info@gfmarketsllc.com Or you can follow this broker on Facebook, Instagram. Risk Warning There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you. The information presented in this article is intended solely for reference purposes.