English

Dask Finance foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crm.dask88.com/public/register/l/en-us, about the company's legal and temporary regulatory information, the company's address .

Dask Finance Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Dask Finance Limited

Abbreviation

Dask Finance

Company employee

Company Website

https://www.dask99.com

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Dask Finance Basic Information Registered Country/Area United Kingdom Founded year 1-2 years ago Company Name Dask Finance Limited Regulation Suspicious Regulatory License Minimum Deposit $1,000 Maximum Leverage 1:400 Spreads From 0.0 pips ( allegedly) Trading Platforms MetaTrader 5 trading platform Tradable Assets currency pairs, cryptocurrencies, precious metals (Gold, Silver, Platinum), energy (Brent, WTI, NATGAS) and more Account Types Not mentioned Demo Account Not mentioned Islamic Account Not mentioned Customer Support No contact info Payment Methods Not specified Educational Tools Not specified Overview of Dask Finance Dask Finance, based in the United Kingdom, is a relatively young company that was founded within the past 1-2 years. It operates under the name Dask Finance Limited. However, it is important to note that the regulation of this broker raises concerns as it holds a suspicious regulatory license. Dask Finance claims to offer a variety of options, including currency pairs, cryptocurrencies, precious metals (Gold, Silver, Platinum), energy commodities (Brent, WTI, NATGAS), and more. The minimum deposit requirement for opening an account with Dask Finance is set at $1,000, which may be considered high for some traders compared to other brokers. On the other hand, Dask Finance offers a high maximum leverage of up to 1:400. The spreads offered by Dask Finance are advertised starting from 0.0 pips. Unfortunately, there is limited information available regarding account types, demo accounts, and Islamic accounts offered by Dask Finance. Additionally, customer support contact details are not provided, which can raise concerns regarding the availability of timely assistance and support for clients. Dask Finance provides its clients with access to the popular MetaTrader 5 trading platform, which is known for its advanced features and comprehensive trading tools. This platform may offer traders a user-friendly and efficient trading experience. Is Dask Finance legit or a scam？ Dask Finance claims to be regulated by the NFA (National Futures Association) and holds a common financial services license with license number 0547768. However, upon conducting a thorough check on the NFA website, it was found that Dask Finance is not a member of the NFA. Pros and Cons Pros Cons Offers a variety of tradable assets Suspicious regulatory license Provides access to MetaTrader 5 Relatively high minimum deposit requirement High maximum leverage of 1:400 Unclear information about spreads No mention of specific account types, demo accounts, or Islamic accounts No contact information for customer support No specified payment methods or educational tools Market Intruments Dask Finance offers a diverse range of market instruments, catering to the preferences and strategies of a wide array of traders. Among the available options, currency pairs hold a significant place, allowing traders to engage in forex trading and explore opportunities in various forex markets. In addition to forex and cryptocurrencies, Dask Finance provides access to precious metals such as Gold, Silver, and Platinum. The offering extends beyond traditional assets, encompassing energy commodities such as Brent, WTI, and NATGAS. Account Types Dask Finance operates with a certain level of ambiguity regarding its account types, as it does not prominently disclose specific information about them. However, it is worth noting that Dask Finance sets a relatively higher minimum deposit requirement of $1000, which diverges from the industry norm where many brokers offer lower minimum deposit options. Leverage Dask Finance offers traders the opportunity to utilize leverage in their trading activities, providing a leverage ratio of up to 1:400. A leverage ratio of 1:400 signifies that for every unit of capital allocated, traders can access up to 400 times that amount in trading positions. The use of leverage enables traders to control larger positions in the market, thereby potentially increasing the potential returns on their investments. However, it is crucial to approach leverage with caution and exercise prudence. While leverage can enhance profit potential, it also exposes traders to heightened risks. Spreads & Commissions (Trading Fees) Dask Finance advertises its offering to clients with spread quotes starting from 0.0 pips. While this claim may seem appealing, it is important to note that Dask Finance is an unregulated broker, making it challenging to verify the accuracy of such statements independently. Non-Trading Fees In addition to trading costs, it is essential for traders to be aware of the non-trading fees associated with Dask Finance. Non-trading fees encompass various charges that may be incurred outside of direct trading activities. Non-trading fees may include charges such as deposit and withdrawal fees, account maintenance fees, and inactivity fees. These fees can vary across brokers and are often designed to cover administrative costs or provide additional revenue streams for the brokerage firm. Trading Platform Dask Finance offers its clients the MetaTrader 5 trading platform, a widely recognized and popular choice among traders. The MetaTrader 5 platform is known for its comprehensive range of features, sophisticated tools, and user-friendly interface, providing traders with a robust and efficient trading experience. One notable feature of MetaTrader 5 is its advanced charting capabilities. Traders can access a rich selection of chart types, timeframes, and technical indicators, empowering them to perform in-depth technical analysis. Another significant aspect of the MetaTrader 5 platform is its support for automated trading. Traders can utilize Expert Advisors (EAs) to automate their trading strategies and execute trades based on pre-defined parameters. Deposit & Withdrawal Dask Finance strictly confines deposit and withdrawal choices solely to Credit/Debit Card and Bank Wire Transfer. Furthermore, prospective clients should be aware that the minimum deposit requirement stands at $1000. While the broker claims to guarantee the processing of deposits and withdrawals within 24 hours, it is imperative to note that critical feedback pertaining to the deposit and withdrawal procedures may be readily encountered across various sources. Customer Support Dask Finance's approach to customer support raises concerns, as no contact information is readily provided. Educational Resources Lastly, Dask Finance's apparent lack of educational resources is a significant drawback for potential traders seeking to enhance their knowledge and skills in the financial markets. Is Dask Finance suitable for beginners？ Based on some considerations, it is somewhat questionable whether this broker is suitable for beginners seeking to enter the world of trading. The presence of a high minimum deposit requirement may pose a significant barrier for individuals starting with limited capital, as it limits their ability to initiate trades and explore different market opportunities. A lower minimum deposit requirement would provide beginners with more flexibility and the opportunity to gain practical experience without being excessively constrained by financial obligations. The absence of demo accounts further complicates matters for novice traders, depriving beginners of a crucial opportunity to gain practical experience and hone their trading skills before venturing into live markets. Moreover, the absence of educational resources further diminishes the suitability of Dask Finance for beginners. Novice traders often require comprehensive educational materials to acquire foundational knowledge about financial markets, trading concepts, and strategies Is Dask Finance suitable for experienced traders？ No, it appears that Dask Finance may not be the most ideal choice for experienced traders seeking a comprehensive and sophisticated trading experience. Experienced traders often seek brokers that offer tiered accounts, allowing them to choose from a variety of account types that cater to their specific trading needs. Furthermore, the moderate leverage offered by Dask Finance, up to 1:200, might be limiting for experienced traders who are accustomed to utilizing higher leverage ratios to maximize profit potential. Additionally, the lack of advanced trading tools is a noteworthy limitation for experienced traders. These traders often rely on sophisticated analytical instruments, advanced charting capabilities, and cutting-edge trading platforms to conduct in-depth market analysis and execute their strategies effectively. Conclusion In summary, after carefully evaluating the features and offerings of Dask Finance, it appears that this broker may not be the most optimal choice for most traders. With a high minimum deposit requirement and the absence of demo accounts and comprehensive educational resources, it may not be conducive to the needs of beginners who seek a supportive and educational trading environment. Additionally, the lack of tiered accounts, limited leverage options, and the absence of advanced trading tools might not fulfill the sophisticated requirements of most traders. FAQs Q: What is the minimum deposit requirement for opening an account with Dask Finance？ A: The minimum deposit requirement for opening an account with Dask Finance is on the higher end, starting at $1000, which can be a significant entry barrier for many traders. Q: Does Dask Finance provide demo accounts for practice trading？ A: Unfortunately, Dask Finance does not offer demo accounts, limiting the opportunity for traders to gain practical experience in a risk-free environment. Q: Are there educational resources available for traders on the Dask Finance platform？ A: Dask Finance lacks comprehensive educational resources, which can hinder the learning and growth of traders who are new to the markets. Q: Does Dask Finance offer tiered account options？ A: No, Dask Finance does not offer tiered account options, limiting traders' ability to select account types that suit their specific strategies and preferences. Q: What is the maximum leverage ratio available on Dask Finance？ A: The maximum leverage ratio offered by Dask Finance is up to 1:200, which may not be sufficient for experienced traders seeking higher leverage for potential returns.

Dask Finance broker review

Is Dask Finance safe or scam

Rating Index

Dask Finance Forex Broker - Complete Information Guide

1. Company Overview

　　Dask Finance Limited, established within the last 1-2 years, is an online forex broker based in the United Kingdom. The company operates under the name Dask Finance and provides a range of trading services primarily targeting retail forex traders. As a relatively new player in the financial services industry, Dask Finance aims to cater to both novice and experienced traders by offering access to various financial instruments.

　　Dask Finance's business model is centered around retail forex trading, providing clients with the ability to trade a variety of assets, including currency pairs, cryptocurrencies, precious metals, and energy commodities. The broker claims to offer a user-friendly trading environment facilitated by the popular MetaTrader 5 platform, known for its advanced charting tools and automated trading capabilities.

　　The company has not disclosed specific milestones in its development, but its establishment in a competitive market indicates an ambition to carve out a niche for itself. As part of its growth strategy, Dask Finance aims to attract a diverse clientele by offering a variety of trading instruments and leveraging high maximum leverage ratios. However, the lack of transparency regarding its regulatory status raises concerns among potential clients.

　　Dask Finance broker is positioned to serve a broad market, focusing on individual traders looking for accessible trading solutions in the forex market.

2. Regulatory and Compliance Information

　　Dask Finance operates under a suspicious regulatory license, which raises significant concerns about its legitimacy. The broker claims to be regulated by the National Futures Association (NFA) with a license number of 0547768. However, a thorough check reveals that Dask Finance is not listed as a member of the NFA, indicating a potential misrepresentation of its regulatory status.

　　The broker does not provide clear information regarding the effectiveness and scope of its regulatory licenses. Furthermore, there is no mention of customer funds being kept in segregated accounts or participation in any investor compensation schemes, which are critical for ensuring the safety of client funds.

　　Dask Finance has not provided comprehensive details about its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for maintaining transparency and trust in the financial services industry. The absence of such information further complicates the broker's credibility and raises red flags for potential investors.

　　In summary, the Dask Finance broker operates under questionable regulatory conditions, and potential clients should exercise caution due to the lack of verified regulatory oversight.

3. Trading Products and Services

　　Dask Finance offers a diverse range of trading products aimed at meeting the varying needs of its clients. The broker provides access to multiple currency pairs, allowing traders to engage in forex trading across various market segments. In addition to forex, Dask Finance also facilitates trading in Contract for Difference (CFD) products, including:

Cryptocurrencies: Various digital currencies are available for trading.
Precious Metals: Traders can access gold, silver, and platinum markets.
Energy Commodities: The broker offers trading in energy products such as Brent crude oil, WTI, and natural gas.

　　While Dask Finance claims to provide a wide array of trading instruments, specific details regarding the frequency of product updates or the introduction of new trading options remain unclear. The broker's focus appears to be on catering to retail traders, providing services that align with their trading strategies.

　　However, there is no indication of any institutional client services or white-label solutions, which may limit the broker's appeal to larger trading entities or asset managers. Additionally, asset management services are not mentioned, which could deter potential clients looking for comprehensive investment solutions.

　　Overall, Dask Finance's trading product offerings are broad but lack detailed information, which may affect the decision-making process for prospective traders considering the Dask Finance broker.

4. Trading Platform and Technology

　　Dask Finance provides its clients with access to the MetaTrader 5 (MT5) trading platform, a widely recognized and popular choice among traders. The MT5 platform is known for its comprehensive range of features, including advanced charting tools, multiple technical indicators, and support for automated trading through Expert Advisors (EAs).

　　The platform can be accessed from various devices, allowing traders to operate from anywhere at any time. However, there is no mention of a proprietary trading platform or a web-based trading solution, which could limit flexibility for some traders.

　　Dask Finance's execution model remains unspecified, with no clarity on whether it operates as an Electronic Communication Network (ECN), Straight Through Processing (STP), or Market Maker. This ambiguity may raise concerns for traders who prioritize transparency in execution practices.

　　The broker does not provide detailed information about its server locations or technical infrastructure, which are crucial for ensuring low latency and reliable trade execution. Additionally, there is no mention of API access for automated trading, which could be a significant drawback for algorithmic traders.

　　In summary, while Dask Finance offers the popular MT5 platform, the lack of additional technological features and transparency regarding execution practices may limit its attractiveness to more sophisticated traders seeking advanced trading solutions.

5. Account Types and Trading Conditions

　　Dask Finance presents a somewhat ambiguous picture regarding its account types and trading conditions. The minimum deposit requirement to open an account is set at $1,000, which is relatively high compared to many other brokers that offer lower minimum deposit options.

　　The broker advertises spreads starting from 0.0 pips, although the accuracy of this claim remains questionable given its unregulated status. There is no clear information regarding commission structures or additional fees associated with trading.

　　The absence of specific account types, such as VIP or professional accounts, limits traders' options for tailoring their trading experience. Furthermore, there is no mention of Islamic accounts or accounts designed for institutional clients, which may deter specific segments of the trading community.

　　Dask Finance does not appear to offer a demo account, which is a critical tool for novice traders to practice and refine their strategies without risking real capital. The leverage offered by Dask Finance can reach up to 1:400, providing traders with the ability to control larger positions; however, this also increases the risk of significant losses.

　　Overall, the Dask Finance broker presents limited account options and unclear trading conditions, which may not meet the diverse needs of all traders.

6. Fund Management

　　Dask Finance supports a limited range of deposit and withdrawal methods, including bank transfers and credit/debit cards. The minimum deposit requirement across different account types is set at $1,000, which could be a barrier for many potential clients.

　　The processing time for deposits is claimed to be within 24 hours, although there are reports of critical feedback regarding the efficiency of these processes, raising concerns about the broker's reliability.

　　Details regarding deposit fees are not clearly specified, which can lead to unexpected costs for traders. Similarly, the withdrawal methods and any associated restrictions remain vague, with the broker not providing comprehensive information on its withdrawal policies.

　　The withdrawal processing time is also stated to be within 24 hours, but again, user feedback indicates potential issues with the withdrawal process, including claims that clients have faced difficulties in accessing their funds.

　　In conclusion, the Dask Finance broker has a limited range of funding options, with unclear policies regarding deposits and withdrawals, which can pose risks for traders looking to manage their funds effectively.

7. Customer Support and Educational Resources

　　Dask Finance's customer support structure raises concerns due to the lack of readily available contact information. The broker provides support through online chat, but specific details regarding email or telephone support are not disclosed, which may hinder timely assistance for clients.

　　The service hours and time zone coverage are not explicitly mentioned, further complicating the support experience for clients in different regions. There is also no indication that Dask Finance offers multilingual support, which could limit accessibility for non-English speaking clients.

　　In terms of educational resources, Dask Finance appears to lack comprehensive materials that could assist traders in improving their skills and understanding of the financial markets. The absence of resources such as webinars, tutorials, or eBooks may deter novice traders seeking to enhance their trading knowledge.

　　Moreover, the broker does not provide market analysis services, such as daily reports or research documents, which are often crucial for traders looking to make informed decisions. The lack of trading tools, such as calculators or signals, further diminishes the overall trading experience.

　　Overall, the Dask Finance broker does not seem to prioritize customer support or educational resources, which could negatively impact client satisfaction and retention.

8. Regional Coverage and Restrictions

　　Dask Finance primarily targets clients in the United Kingdom, with its operations based in this region. However, specific details regarding the distribution of regional offices are not provided, which may limit its outreach to potential clients in other areas.

　　The broker does not clearly state which countries or regions it does not accept clients from, leading to uncertainty for potential investors considering registration. Furthermore, there may be special restrictions in place, although these specifics are not disclosed.

　　In summary, while Dask Finance operates within the UK, the lack of clarity regarding its regional coverage and restrictions may pose challenges for clients looking for a reliable forex broker.

　　In conclusion, while Dask Finance broker offers a range of trading products and services, its overall credibility and appeal are significantly undermined by its regulatory status, limited account options, and lack of transparency in operational practices. Potential clients should carefully consider these factors before engaging with this broker.

Dask Finance Similar Brokers

Gad

Best brokers