Daxkapital Forex Broker

Note: Daxkapital's official website: https://daxkapital.com/ is currently inaccessible normally.Daxkapital Review SummaryFounded2024Registered Country/RegionLuxembourgRegulationNot regulatedMarket Instrumentsforex, commodities, indices, stocks, cryptoDemo Account❌LeverageNot mentionedSpreadstart from 0.1 pipsTrading PlatformWeb based trading platformMin DepositNot mentionedCustomer SupportPhone: +49 331 879 05821Email: support@daxkapital.comPhysical Address: 5 Heienhaff, 1736 Sennengerbierg, Luxembourg Daxkapital is a Luxembourg registered broker that lacks legal regulatory license. Daxkapital offers five types of market instruments. However, since Daxkapital's website is inaccessible, details concerning its market instruments and trading fees are unavailable.Pros and ConsPros Cons Multiple trading choicesNo Legal regulationNo info on trading feesUnavailable websiteLack of transparencyNo demo accountsNo reliable trading platformIs Daxkapital Legit? Daxkapital is not regulated by any legal institution. In addition, Daxkapital has been listed as a scam by the Luxembourg Financial Industry Regulatory Commission (CSSF). You can refer to the warning issued by CSSF in the image provided below. Therefore, you'd better avoid it and choose a legal broker.What Can I Trade on Daxkapital? Daxkapital claims to offer five types of tradable instruments. However, since its website is currently inaccessible, specific information about these instruments is unavailable. In addition, trading with such an unregulated offshore broker poses high risks, and there is no guarantee of making any profits.Tradable Instruments Supported Forex ✔Commodities✔Indices✔Cryptocurrencies✔Stocks✔Mutual Fund❌Futures❌Fees Daxkapital charges inactive fees, which are relatively high. If there is no trading activity for 6 months, the account will be frozen, and a 10% fee will be charged from the account every month.Trading Platform Daxkapital claims to provide a proprietary web-based platform with only basic functions. However, using the platform is also relatively difficult, and even some basic indicators are unavailable. Therefore, you are advised to choose brokers that have legal permission to use reputable platforms like MT4/5 or cTrader.Trading PlatformSupported Available Devices MT5❌/MT4❌/cTrader❌/Proprietary platform✔ComputerDeposit and Withdrawal DaxKapital claims to support payment via cards, wire transfers, AstroPay, Bitcoin, and Skrill. However, DaxKapital is not only unregulated, but also charges considerable withdrawal fees: $100 for credit/debit cards, $250 for wire transfers, and an additional 10% withdrawal fee for all accounts whose transaction amount does not exceed a certain threshold.