DashFX Trade Review: Another Warning from FCA

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DashFX Review
  • Compliance and Regulation
  • Contact and support
  • Fund safety
  • Trading Platform
1.7

Summary

There’s a warning out regarding DashFX Trade, a lame cryptocurrency investment platform. You need to avoid the platform or risk losing your investment. Learn more in our detailed Dash FX Trade Review

DashFX Trade is a cryptocurrency trading platform that scams all who deposit funds. The platform is now facing a warning from the Financial Conduct Authority. We have to expose the platform for its blatant disregard of investing and trading regulations. Dash FX Trade will attempt to fool investors into investing in cryptocurrency. We have to expose dashfxtrade.com to protect naïve investors. Learn more in our exclusive DASHFX TRADE REVIEW.

As a crypto trader, you need the right tools to advance your trading. Experts recommend using innovative and proven crypto trading robots. These robots are what experts use to stay ahead of the crypto trading game.

DashFX Trade Pros and Cons

About DashFX Trade

No commissions, No hassle, No fees is what DashFX Trade promises anyone who signs up. These are merely empty promises as hundreds lose funds with the platform. You won’t get to enjoy trading on this platform.

We have to call out the design aspect of the homepage. There’s a lot of information on the page, but essential data is missing. We don’t know the features that come with the platform. Navigating through the website is another hassle.

A crypto investment platform should be straightforward to navigate and use. A black theme doesn’t resonate well in any investing and trading venture. We also believe that this is an exit scam.

As soon as the platform has its fill, chances are it will shut down. We have seen countless platforms before. Even with pop-ups, the platform shares the exact website design as most crypto scams.

Before you invest in any crypto trading platform, we recommend doing due diligence. Try and find out what makes a platform tick. Get independent views from transparent parties. An excellent example is reading our exclusive dashfxtrade.com review.

Acceptable funding methods

The platform accepts cryptocurrency as the main depository option. With crypto transactions, anonymity makes it easy for the platform to block withdrawals. The platform will even claim not to have received your deposit.

There’s also the bank and wire transfer avenue which the platform also accepts. After funding your account, the platform will show your balance after 24 hours. You can then start trading or wait to earn expected profit margins.

The platform will increase your account balance as time goes by. It’s all in their play to make it look appear as the platform is legit. Soon, you lose your funds with the platform as withdrawal is impossible.

Most of their funding methods are unsafe as there are some loopholes. In addition, the platform’s banking system opens up users to third-party attacks. As a result, your banking information is at risk of getting compromised.

Accounts DashFX Trade

DashFX Trade offers four investment accounts available for use. These include Basic, Silver, Gold, and Platinum. Each of these accounts comes with a different set of features. Here’s a closer look at each account;

Accounts DashFX Trade

Basic

For the basic account, investors have to deposit between $200 and $999. The minimum profit estimate is $1,000, while the maximum expected profit is $4,999. Then, you have to wait for two days for the vesting period to lapse.

Silver

With the silver plan, the minimum acceptable deposit is $1,000 to $4,999. The platform promises a minimum profit amount of $7,000 and a maximum of $34,993. You get to wait for four days for the vesting period.

Gold

Gold account holders must deposit $5,000 to $9,999 and wait for profits to soar. The vesting period for the gold account is five days. After that, you get a promise of making a minimum of $40,000 and a maximum of $79,992.

Platinum

It’s the most exclusive account, with investors having to deposit $10,000 to $50,000. The minimum expected profit is $90,000, while the maximum profit is $450,000. You have to wait for seven days for vesting.

Account features

We have to raise our concern when it comes to the vesting period. These are false statements like no one on earth can make a high profit. Even if the platform uses insider trading, the profit margins are unrealistic.

There’s also the issue of expected profit margins after investing with the platform. These are insane profit margins. No robot or expert can achieve such margins. And this is why we have to expose the platform.

We would all sign up if the platform were indeed making such high-profit margins. You would see banking institutions funnel funds to the platform to get high-profit margins. Unfortunately, it’s not the case as the platform doesn’t meet expectations.

Affiliate and Referral program

An affiliate and referral program is available for users who want to earn passive income. Once you direct users to the platform, you make a 10 percent commission for every deposit. That seems like a noble idea to earn passive income.

It’s not the right platform for the job as these investors lose funds. You end up facing the blame for leading investors into a trap. If these victims decide to file a lawsuit, you’re in big trouble.

The law will consider you as an accomplice to online fraud. That’s how you lose your online credibility and reputation as an investor. So you need to stay away from such platforms or risk losing everything.

Assets and trading instruments DashFX Trade

Dash FX Trade claims to offer over 120 trading instruments. These instruments include commodities, crypto, forex, indices, and stocks. So you get to trade commodities such as crude oil, gold, wheat, and more.

With crypto being their crowd puller, we believe the platform plans to stake coins. The platform pairs major currencies with leading crypto assets when it comes to trading crypto. These include Bitcoin, Doge, Ethereum, and more.

Forex trading is not their main center of attraction. You get to trade major and minor currency pairs. The missing information we mentioned earlier includes available leverage and spreads for trading instruments.

You get to trade on the world stage thanks to indices such as DAX and NIKKEI. Indices play a considerable role in ensuring day traders make a profit. You learn how the global market affects the prices of products globally.

Stock trading happens to be at the core of their trading instruments. So you get to trade stocks from leading companies. These include companies from all industries. So you get to trade companies such as Apple, Coca-cola, Microsoft, and more.

Are funds safe with Dash FX Trade?

Business owner

There’s little information on who owns or runs the platform. And this makes dashfxtrade.com an anonymous crypto investment platform. You need to avoid anonymous platforms as recovering funds from them is impossible.

Contact and support

We noticed that the platform failed to offer direct means of communication. For example, you only get to email for support as a member. In addition, there are no direct communication lines such as a listed phone number.

DashFX Trade License and Regulation

DashFX Trade doesn’t comply with industry regulations. There’s a warning regarding this platform from the Financial Conduct Authority. We must heed such warnings, especially from a reputable regulator such as the FCA.

FCA Warning dashfxtrade.com

Demo Account

Despite offering a demo account, it only has a buy-sell option. As a result, you don’t get to use the trading terminal available. In addition, a buy/sell option doesn’t give you insight into what actual trading is all about. We expect more from trading platforms when it comes to demo accounts.

Final Verdict DashFX Trade

There’s no way we would recommend anyone to sign up with Dash FX Trade. Please stay away.

You must use the best trading tools available for the job. So go for dependable crypto robots backed by experts.

Feel free to leave a comment or drop us an email with any queries.

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