DaxRobot Review – Can Automated Trading Help Your Performance?
DaxRobot is a newcomer to the trading sector, but has garnered attention already. DaxRobot’s automated trading service offers its traders not only trading bots, but other interesting tools. Is DaxRobot right for you? Read to find out.
DaxRobot is a newcomer to the industry. The company launched in late-2018, and as yet, there is still limited information available on the company structure or past experience. They operate an automated trading service which specializes in providing the use of trading bots to implement automated forex trading strategies.
After testing eToro’s copy trading service we were interested in seeing DaxRobot’s automated tools. Here’s our review.
DaxRobot have already garnered a significant amount of attention within the sector, with many reviewing their service in a largely positive light. DaxBase is the parent company of DaxRobot, and is, at the time of writing, the only broker with which this automated trading software is partnered. DaxBase are also a relatively new broker and as yet there exists very few forex broker reviews of their service also. The company will undoubtedly have sights set on growing these two services in tandem.
As DaxRobot is a relatively new service. They are for now almost exclusively focused on operating their automated trading software and making this available to traders who wish to utilize it.
DaxRobot offers a range of trading bots through its service, with new coming online all the time. Each bot is listed according to profit, with the current profit percentage of the top ten bots ranging from 97% upwards.
Each robot which is available to be utilized operates with a number of variable characteristics. This could be the markets which they are tailored to work with, such as the Ichimoku Crypto v2 which specializes its operation within the BTC/USD, and LTC/USD markets in identifying breakouts, or the parameters within which they operate.
With a large number of robots available. Traders should be able to find one which falls within their own trading strategy in terms of performance and risk levels. From the outset, it also important to note that each bot is locked besides a short one-minute demo period. Each bot has a different minimum deposit required in order to unlock and implement its use.
Presently, DaxRobot appears only to be integrated for use with DaxBase which is the parent company and forex broker connected to the service. When questioned on their future plans to integrate other brokers such as FXTM or another major forex broker, company representatives could not provide any clear answers as to the future plans for integration of the trading systems.
Ultimately, this means that in order to use DaxRobot, you should have and use a trading account through DaxBase broker. This introduces another dynamic of having to trust the reputation and features of this one specific broker which is also new to the sector.
DaxRobot Pricing and Availability
Use of the trading software is available in most locations. This follows the same model as the parent broker DaxBase which is available to all except US residents.
In terms of pricing, DaxRobot is free to use, although a minimum deposit of between $250-$500 is required in order to “unlock” each trading system for use. Those which feature at the top of the most profitable trading strategies require a minimum deposit of $500.
For deposits and withdrawals, users are directed to DaxBase to open an account and deposit there. Deposit methods which are available include Bitcoin, Ethereum, Litecoin, Dash, Skrill, and Netteller. Credit and debit card deposits are also available.
For withdrawals, the same methods are available to traders, and the processing time with each method is almost instant.
There is no specific fee for utilizing DaxRobot in carrying out your automated trades. The caveat here however, is that you are currently restricted to using the service only if you deposit with DaxBase broker and a minimum of $250. This is also the case, even if you wish to specify the parameters of you own bot, which is allowed by the service.
There is a 5% charge on deposits and withdrawals through credit or debit cards. Aside from this, there does not appear to be any additional fees levied by the company.
DaxRobot makes several claims in order to attract traders to their service. At a foundation level, they claim to offer automated trading which is simple to get involved. They claim to be one of the best auto trading platforms in the sector, and that ultimately, your funds can double, or even triple through the course of just one day.
There is also mention of being an award winning service on the DaxRobot page and that the process is entirely simplified to allow for the greatest potential when trading forex. These claims are clearly designed with the aim of attracting those who are newer to forex trading with the lure of fast and relatively easy profits.
The offering of DaxRobot is quite clear from the outset. An easy to implement, auto-trading system or range of systems which will produce fast, effective results to your bottom line as a trader.
Indeed the service is very fast and simple to register. There are though, a number of reservations which any trader should bear in mind before engaging the service. Primarily, the idea that you could double, or triple, your investment over the course of one day by engaging the system is incorrect and far-fetched. This would all rely very heavily on the market situation and it is difficult to assess how much these trading bots can really impact that situation.
Promoting returns in excess of 200% is highly unlikely in any field, including automated trading. This makes it extremely difficult for DaxRobot to live up to the claims and numbers listed on its site. The fact that integration is limited to only their own forex broker is also confining and disappointing. The service also claims to be award winning, though no evidence of any awards can be found.
Overall, the result obtained were satisfactory of a service which is free, but traders should certainly not be depositing with DaxRobot in the hopes of realizing vast wealth overnight. This is particularly applicable to those who may have had no initial intention of using DaxBase broker.
Trustworthiness and Support
This is undoubtedly a big issue, heightened even further by the fact DaxRobot is a very new service and connected with a forex broker that is also very new to the sector. Typically, we see brokers such as Avatrade who have been active in the sector for many years and are often well-regulated. This is not the case with DaxBase, the parent company of DaxRobot where you must trade in order to use the service. They are not regulated, and this is something which rightly triggers caution among most traders.
The website, although appearing simplistic and well formed, also features a number of minor errors, such as typos. These are indicative of a less than professional approach which may concern users. This could also be the result however, of their recent start of operations.
Customer support is available via email, phone, and web-based live chat which also incorporates video and an odd ability to tip your cha support worker. That said, every interaction and question was answered both thoroughly and quickly.
Who Should Choose DaxRobot?
The service appears to be targeted at relatively new traders, providing an easy to use service with clearly visible return figures promoted and an easy introduction into the world of automated trading.
Those who are new to the industry may be served best by the DaxRobot service, although many more experienced traders would steer away from the service once they have gathered more information on other services or an ability to automate their own trading without being bound to using one specific broker as is the case here.
Overall, DaxRobot appears user friendly in its layout, and holds true on its claim at being easy to use. The customer support provided was also very good, and the service does not require an additional fees. This is a brand new operation within the industry, and users should be aware that this may make them subject to some imperfections, as can be seen through misspellings on the website.
Another large factor which may dissuade users is that they will be bound to using the company broker service, without plans in place to extend integration. This broker service is also not regulated.
Ultimately, in order to build a positive reputation, time and experience is required. Given its new status in the sector, DaxRobot presents its offering reasonably well, and if given the opportunity by traders, this may well be the positive kick start which the company needs to perform well within the sector and expand their offering.
- Presented in a simple and easy to use fashion which will appeal to many first-time users of automated trading systems.
- Customer support functions all yielded a positive and helpful response.
- No additional fees required to utilize the service for those who are planning to trade with DaxBase broker.
- As a very new service, there are still some inconsistencies on the company website, and the profit claims made would appear to be difficult to achieve.
- The service can only be integrated with one broker, DaxBase. This is very restrictive to traders.
- Demo sessions are very basic and only limited to 1 minute prior to a minimum deposit of $250.
- The partner broker in this case is unregulated and also very new to the industry.
Daxrobot.com Review – Is Daxrobot a scam?
Crypto robots such as Daxrobot are splattered throughout the Forex trading world. Often made in the most absurd manner – their websites are quite self-serving and we will explain why. In most cases all they have to offer is a simple, narrated trailer-video which, ideally, should convince traders to invest with them. With Daxrobot we aren’t even presented with such a video. There is only a cut up image from a supposed “automated trading application”. In fact, we learn absolutely nothing about the product the crypto robot purports to provide, there are only small irrelevant pieces of information scattered through the website such as the mischievous statement that the “software goes to work automatically for you. Based on the pre-defined level of income you can double or even triple your result in one.”
From what we could gather – there appears to be some sort of autotrading application that needs only our initial deposit to begin filling our pockets with daily winnings. Attempting to register we ended up on the web page of an unregulated Forex brokerage Daxbase which is quite common with crypto robots.
No name, no address, no number
After doing our usual research we come across disturbing, but not unexpected, results. It turns out that Daxrobot is part of probably the most popular scam out there. Precisely through such websites, dressed up with farcical opportunities for winnings, traders are convinced to register and carelessly give away their address, phone number and email. Minutes later that same personal data is sent to brokers as “leads” and the registered traders begin getting phone calls from unregulated forex brokers like Capital4Bank or CCDFBank, urging them to invest. Cheap traffic is actually the product “Daxrobot” and their “team of talented brokers” are offering, not some trading application ahead of the market that may incur riches to any willing trader. And it would appear that Daxrobot is connected with the brokerage Daxbase which we have reviewed. More often than not, unregulated brokerages rely on such methods for attracting clients to their trading platforms.
No verified track record
Even if we choose to believe Daxrobot about it’s new product – which we certainly do not advise – there are still problems. To put it bluntly – we have no assurance for results. In trading there are social trading platforms such as the Zulutrade where you may search through the profiles of different traders and see how much they are winning or losing before investing funds with them. This is done through tracking every deal they have made and even seeing the results of all the rest of their followers. Such transparency adds significant assurance and partially, if not fully, removes risk. Where as with half-baked and senseless websites such as Daxrobot you are relying on blind faith.
No regulatory supervision
Furthermore, there is absolutely no regulatory guarantee about the whole product. The people behind the website do not fall under any regulatory oversight and their hands are untied to do pretty much as they wish. They also lack SSL encryption which compromises any information transferred through the website.
Last, but not least – the mere way in which such operations look for funds should raise major security concerns. If the crypto robot truly did offer an exciting and legitimate product, it would have found an alternative way of financing itself, instead of relying on cheap traffic through a cheesy bait-clicking commercial about itself. They could apply for a credit at the bank or raise money through crowd-funding. Although, in order to do that successfully, they have to be legitimate – which they most likely are not.
DaxRobot Review and Guideline
Trading can be both thrilling and disastrous depending on the knowledge you possess and the platform you choose. It has multiple underwater stones and traders, especially new ones, may face a variety of problems if not devoting enough time to researching and learning.
One of them is choosing a right broker. If you fail to find a reliable, reputable and competent platform, you risk of losing investments. That is why this manual will be useful for users of all proficiency levels and for those, who are thinking whether to entrust their money to DaxRobot or not. Make yourself comfortable and let’s get started!
DaxRobot is an automated platform for trading, which generates signals taking into account a variety of algorithms and systems of recognizing patterns. It allows to identify correct signals and to use them for making profits.
In other words, with Dax Robot you will be able to make money with minimum interference just sitting at home and sipping coffee. What can be better than that?
Benefits of DaxRobot include:
- A simple and convenient interface, which allows users to master trading with ease. Even if you are completely new to the world of online investments you will easily understand how to get started;
- Customer support always provides timely assistance and their managers speak multiple languages for maximum convenience. In addition, they can be reached through the phone or via email and a live chat with a video option;
- There are no additional fees for those, who decide to use DaxBase. Only the minimum deposit!
- Considering that the service is relatively new, there is a slight incoordination on the website and the income claims may be quite challenging to achieve;
- DaxBase is the only broker the platform can be integrated with, which greatly limits traders;
- Demo sessions are only one minute long and afterwards you need to make a minimum $250 deposit;
- Partner-broker is also new to the field and is unregulated.
Although DaxRobot doesn’t have such a long operating history, it definitely has a few features that competitors can’t boast. Here are the main of them:
DaxRobot can offer a variety of trading bots with new ones emerging on regular basis. Every robot is listed depending on the profits and if you look at the top ten you will see that their profit percentages start at 97%.
Every robot has a number of characteristics. For example, you can choose a bot depending on the market it works with. You can also choose a market depending on the cryptocurrency you are interested in (BTC/USD, LTC/USD or others).
It is important for every trader to choose a robot that complements trading strategies and levels of risks. Don’t forget that every robot is locked after a demo period and you can unlock it by making a certain deposit (different for various bot types).
At the moment, DaxRobot can be integrated only with DaxBase (a partner service and a forex broker). Unfortunately, representatives of the company didn’t give any information on their plans on integrating other brokers, for example FXTM.
For a regular user this means that you should first create a DaxBase account and only then start utilizing DaxRobot. However, despite the fact that DaxBase is quite new on the market, it has a solid reputation and more and more users choose it for their trading operations.
DaxRobot Availability and Pricing
Luckily, DaxRobot can be used almost in every country. For example, its partner-broker DaxBase can be utilized anywhere except the USA.
DaxRobot has a demo version but it ends after a minute. To start trading you need to unlock the chosen robot, each of which has its own minimum deposit (starting with $250).
To make deposits or withdraw money, you should first create a DaxBase account and place your money there. Here are only some of the deposit methods: Ethereum, Bitcoin, Dash, Litecoin, Netteller and Skrill. On top of it, credit/debit cards can also be used.
The same methods are applied to withdrawals and the processing time is very short.
DaxRobot Deposits and Withdrawals
As it has already been mentioned above, there are no concrete fees for utilizing DaxRobot. You are only limited to two facts: your deposit should be minimum $250 and you must use DaxBase broker. These rules should be followed not depending on the bot you choose.
Keep in mind, if you use credit or debit cards, the system will charge 5%. The platform offers three types of accounts:
- Bronze. $250 deposit minimum;
- Silver. $1000 deposit minimum. You get access to Champion Class;
- Gold. $3000 deposit minimum. You are assigned with a personal manager.
How to Use DaxRobot Software
At first it may seem quite difficult to master this automated trading platform. However, DaxRobot is really friendly and simple to use, so even beginners will understand what to do. The platform did their best to make the interface easy to understand even for the users, who have never traded before.
Actually, the only thing you should do to turn on automated signals is to log in to the system! You will get a chance to alter the system based on your preferences but DaxRobot took care of everything and have already configured the process to initialize winning signals!
If you look at the panel on the left, you will see a variety of bots that are listed based on the accuracy percentage. This allows choosing the best session depending on the strategy you have. The system will also prevent you from overly impulsive decisions if you know that you can lose your head.
Unfortunately, some beginners or too emotional traders decide that it is better to place signals without a robot, which results in losing all the investments. To be on a safe side it is better to take your time, choose a proper robot and then just sit and watch!
To register in the system you need to follow the stages below:
- Open a free account;
- To activate it you need to make a deposit (minimum $250);
- Before starting a new session, read the news (for example, on investing.com) to be sure that the pairs you are going to trade with are stable and strong;
- To increase your chances of winning, make sure you watch a variety of tutoring videos and read articles of reputable traders;
- When you have earned the money you wanted to earn, initialize the withdrawal and enjoy the earnings!
To avoid any problems with synchronization, it is recommended to make a deposit right after you create an account.
DaxRobot offering is very clear and understandable: this automated system for traders produces speedy results. However, before starting using the platform you should keep in mind that there are several reservations.
First of all, you need to put aside the thought that you will double or even triple your money within a day. Market situation is constantly changing and trading robots can’t predict or greatly influence the situation.
Income rates of 200% are very rare on all of the platforms, including automated systems. That is why DaxRobot’s suggestion of doubling or tripling incomes is far from reality. Although, if you don’t expect a speedy result or a whirlwind income, DaxRobot proved its reputation and can be recommended to traders of all levels of expertise. The only disappointment is that DaxRobot uses a single broker, which limits options of traders.
Trustworthiness and Support
Any trader knows how important it is to choose a reliable broker. Actually, most of the users will choose a more expensive system if it has additional guarantees. Luckily, DaxRobot is one of them. This system has just enough information to show that it is reputable (awards, reviews) and not to bore the user with irrelevant details.
Another important fact that shows that DaxRobot is worth attention is the quantity of positive testimonials. Actually, it is almost impossible to find a negative comment and users seem to be very satisfied from using the platform.
Customer support is another important issue that indicates whether the platform can be trusted or not. You can contact their managers via live chat, email or a phone call. You can even have a video chat with the support team member, which is quite weird but why not?
Such a variety of options means that they take care about the users and are always ready to provide necessary assistance. Moreover, if you become a gold member, you will have your own VIP manager.
Recommendations when using the Dax Robot
Now, when you know what DaxRobot is and how it operates, you only need to keep in mind a few tips (actually, they can be applied not depending on the trading platform you choose).
Considering the fact that DaxRobot is quite new on the market, you will need to control the trading session. Moreover, it is highly advisable to follow the news: if something unpredictable happens, your earnings may burn and you will lose everything.
In addition, it is recommended to turn the system off when you earn the profits you planned to earn. Over-trading is a popular problem for users, who don’t know when to stop. If you want to earn and not to lose, shut the system off and withdraw your money to be on a safe side.
It is now a right time to summarize everything that was stated above. DaxRobot is a new automated trading platform, which has lots of benefits. It is very simple to use, so even if you are new on the game it won’t be difficult to start trading.
Managers of the support team show their professionalism and can always answer any of the questions, even if your native language is not English. However, you need to remember that DaxRobot is relatively new on the market, so slight imperfections may happen.
The system has all of the chances of being called a reputable and profitable platform, so the only thing they require is time. Users can entrust their money to the platform, choosing the robot they prefer, making no additional payments and withdrawing earnings within minutes.
It is a great start for a trading platform and DaxRobot is surely worth your attention if you are looking for an automated system that will save your time and money.
DAXRobot Review – CFD Trading
DAXrobot is a new trading system that is particularly customized for automated CFD trading; thus making trading more fun and easier than ever. Although very new to the trading industry, this robot is already getting a great deal of attention, which means that we need to provide a review and let you know if it’s viable or not.
The parent company of DAXrobot is a DAXbase that has a nice reputation in the CFD trade market, although there are some who would hesitate in agreeing to this. The concerns and hushed up “e-gossips” about DAXrobot or DAXbase circulate primarily around scanty information on the company’s background. However, with a little bit of dedicated research it becomes very apparent that behind the enormous success of DAXbase is Finanace Group Corp; which is a well-known company and global leader in the Forex trade industry. When you are considering a broker it is always wise to prefer credibility and market reputation and Finance Group Corp has both, so it seems to be a safe bargain.
When you really think about all of the features and the promised payouts, it does seem too good to be true. However, when you scrutinize the available information it does hold some plausibility; for instance the user interface that this robot offers seems to be very friendly, interactive and does appear to take the stress out of CFD or forex trading. In essence, to use this software or robot, you do not need to be “certified” or receive any special training.
The procedure of getting started with this automated system is a breath of fresh air and the developers claim to be one of the best brokers available in the markets with a promise of lavish returns on invested amounts. All you have to do as a user is to follow a simple signup process, fund the account through bitcoin, litecoin, ethereum or credit card and (as the claim goes) simply enjoy watching the robot get to work for you.
Strategy: How does it work?
Nowadays, there is an ever-growing demand of crypto currencies and FX. Tending to this market needs companies (such as DAXrobot) come up with smart and automated solutions for traders to maximize profits. These bots operate on the cutting edge AI oriented strategies that absolutely wins at luring the investors into the world of Crypto currencies and Forex.
DAXRobot is one of those smart and solution oriented companies that have worked relentlessly towards launching a competitive and most efficient automated CFD and Forex trading system. The company claims to serve the needs of all investors, whether they belong to the retail or institutional side. In addition to all of this, the customers enjoy scalable solutions for compound or fixed strategies, and can easily sift through available assets and several investment opportunities in a systematic manner.
They provide very little detail about their actual trading strategy.
Some Facts about DAXRobot
- Type: It’s an automated trading system/software
- Price: It’s FREE…!*
- Asset: CFD and Forex trading
- Broker: DaxBase (the parent company)
DAXRobot does not cost a user fee, however, to be able to benefit from all the services, you must make a deposit with DAXBase (their broker).
The company does claim to provide a higher profit margin but there don’t seem to be any verified trading reuslts. DAXRobot is undoubtedly fast, simple and promising; however, all investors must operate on realistic grounds while making an investment. The concept of multiplying your wealth overnight is largely impractical because the returns always rely on prevalent market situations. The difficulty is in assessing the extent to which such a trading bot can influence the market trends.
Considering the fact that this robot is essentially a free software, the results that one can obtain from this are quite impressive. However, the traders must consider all possibilities and should not deposit with DAXRobot if they are expecting an overnight wealth multiplier.
DAXRobot has a conflicting collection of reviews, although, a lot of them are skewed towards positive…with an average rating of 3 out of 5 stars.
Although DAXrobot appears to have various tools and features to automatize and enhance the profit margin in Forex trading…there’s a concern of under-representation. This lack of information about ‘how the product works’, ‘what type of results to expect’ etc., gives rise to certain rumors around the authenticity of the software. Another factor of concern is that they claim to be an award holding company, however, there is little to no evidence to corroborate this claim.
Although, one can infer that Finance Group Corp being a parent company, actually holds wonderful market repute and therefore the subsidiaries must not be too far away either. The company could use the criticism and incorporate more transparency about how the bot actually works. In addition to this, potential customers would be able to establish a greater connectivity with the company if they can view some user reviews, viedos, pictures etc.
In conclusion, this software appears reputable, but without real strategic insight or trading results, it is still difficult to recommend.
Leave us a comment below to share if you are considering DAXRobot and what are some of the things that you are keeping in mind. Or if you have already used it, let us know how did it go for you?
Happy automated trading!
- CFD and Forex trading
- Connected to Daxbase
- Only works with Daxbase broker
- No proven results
DaxRobot Review: An Wide Analysis Of Automated Trading Robot
DaxRobot is a newly launched robot for automated trading. Today’s trading industry seems to be overflowed with trading robots of different categories.
This trend has some positive impact on the market as well as some negative. However, these robots are versatile and resourceful, which help traders to trade according to the market fluctuations.
You are guaranteed a quick, safe, and secure 24/7 trading experience. The automated robot usually trades with no emotional involvement, fear, greed, ego, etc. It also helps traders to keep himself aloof from indulging in random trading.
But choosing a scam robot can easily put a trader into huge trouble. So, make sure that you have done complete research.
In today’s article, we are going to share our analysis of DaxRobot. We can assure you that you will get a transparent review here. It will also help you to choose your favourable auto trading robot.
Make yourself comfortable and let’s get started!
What Is DaxRobot: DaxRobot Review
DaxRobot is a CFD and Forex trading platform. The automated trading platform produces signals by considering a variety of algorithms and systems of recognizing patterns that allows them to identify correct signals and to use them for making profits.
Although very new to the trading industry, this robot is already getting a great deal of attention. As with this robot, you will be able to make money with minimum interference.
DAXbase is the only broker that DaxRobot supports. It has a nice reputation in the CFDs market that is operated by Clever Technologies. Other than this broker, DaxRobot has 10 readymade robots for the traders’ convenience.
It has a wide range of payment methods including credit card, Bitcoin, Litecoin and so on. Unfortunately, there is no detail information about the robot on their website, nor even any historical data.
On the other hand, this company is compliant with financial regulation standards; however, as their business is international, they are not limited within the particular country regulatory framework.
Why Choose DaxRobot
Choosing a well-organized and trusted robot is undoubtedly important for every trader. Before making the final decision, read the following features and see if this robot is worthy for performing trade or not.
- Demo account facility
- A minimum deposit $250
- Minimum investment $1
- Profit Percentage 97%
- User-friendly trading platform
- Profitability up to 340% a year
- Web-based trading platform
- Easy registration and login process
- Various deposit methods
- Own robot customization
- No mobile trading facility
- Dedicated customer support team
DaxRobot Sign-Up And Login Process
Sign up and log in are the processes that you must have to complete. It’s pretty easy here. You just need to proceed through some easy steps to register and have login access.
So, let’s see what the steps are.
DaxRobot Sign Up:
Follow the following steps to sign up.
Firstly, you need to fill a registration form that will appear as soon as you sign-up. You’ve to put your First name, last name, phone number, account currency, E-mail address, password, and the broker that you want.
Secondly, put a tick by clicking all the three boxes that are for security issues; verifying you’re not a robot, agreeing with the disclaimer and you’re from the outside USA.
Thirdly, you’ll get an account to login after completing the free registration.
DaxRobot Log In:
Just click on the login option and enter the email address and password that you’ve provided while registering. And their trading platform will appear before you.
Settings And Trading Platform
Trading can be both thrilling and disastrous based on the knowledge and skills as well as the platform you choose. It has multiple underwater stones that can easily assure your downfall within a very short time.
Every trader needs to get familiarize with the trading platform. All trading platforms are almost similar, except for some ordinary differences. So, it will add some advantages to the traders that they can easily understand the whole platform.
After opening the trading platform you need to choose a robot from the list. Or just create your bot according to your plan. You can easily find out all the Top robots on the left side of the trading platform.
If you are unwilling to trade with these robots, just click on the “CREATE MY ROBOT” option which is located above the top robot list. You have to select your favourite asset pairs and at least three indicators to start with.
DaxRobot Supported Broker
DaxRobot has only our supported broker that is DAXbase. DAXbase is operated by Clever Technologies.
There are three account types- Bronze, Silver, and Gold. After completing your free registration, you have to activate your preferable trading account by initial deposit to start your trading. They also provide a copy trading facility.
Additionally, the broker offers leverage up to 1:100 and Demo trading is allowed as well.
- Deposit amount is minimum 250$ and the maximum – 50000$
- The minimum trade starts from only $1
- Minimum amount allowed for withdrawal is $50.
- Guaranteed withdrawals processing within 1 hour.
How To Create A Bot
Click on ‘CREATE MY ROBOT’ after reaching the trading platform. Name your robot and select asset pairs that you prefer.
Next, select your favourite indicators and period. You have to select a minimum of 3 indicators. And save it by clicking the save option and you’re done.
Here, creating own robots seems very easy for the traders, especially the newbies. You can easily find the list of your own robots in the ‘MY ROBOT’ section.
Top Robots: Created By DaxRobot
Now let’s have a look at the Top Robots that are made by DaxRobot. Unlocking these robots require funding on your account.
Here, are the detail of those robots. Though the profit rate is included here, it’s not fixed, rather it varies month to month.
Demo trading is undoubtedly important for every trader. It boosts the experience level and skills of traders. DaxRobot provides a demo trading facility. But like most cases, it’s only for the one-minute duration.
Just click on ‘ROBOT DEMO’ to start demo trading. You will get virtually $1000 to trade. When you open a demo account, forget that it is a “demo” account. Treat it as a live account and your real money.
Do you like to lose money with your live account so easily? If not, then do not lose with your demo account so easily too.
Trading on mobile is much easier than trading on a laptop. It’s quite tough for traders to execute the trade by sitting before the laptop all day long. Mobile trading is a kind of a blessing in this case as it helps traders to get follow up on their trading history.
Unfortunately, DaxRobot doesn’t have any Mobile trading platform. In reply to the question regarding this matter, they notified that they are working on it.
Now time will say what we’re going get; whether they really are working on it or just tried to create a good impression.
DaxRobot Asset Index
You’ve learned before that DaxRobot is basically deal with Cryptocurrencies and Forex pairs. In the dashboard, you can see the 12 different asset pairs from both Forex and Cryptocurrency.
- EUR/AUD EUR/USD
- GBP/USD USD/CHF
- EUR/JPY USD/CAD
- AUD/USD EUR/GBP
From these pairs, you can select one or multiple pairs to start trading with. It’s about your choice.
Funding your deposit is easy. You can use various payment systems to fund your account and get started.
Let’s have a look at the deposit methods first:
This method will cost 5% while funding. Its covered regions include almost everywhere. You can instantly fund your account.
Bitcoin doesn’t cost any transfer fee and instantly input your fund to the account.
Funding with Ethereum is just like bitcoin. You can instantly fund your account without any cost from anywhere.
Altcoins too don’t cost any transfer fee.
You can also use Perfect Money to fund your account with no transfer fee. But it may take up to one hour to complete the funding process.
Moreover, there are other options like BitcoinCASH, MONERO, etc.
The withdrawal methods are the same as the deposit methods. But it’s worth mentioning that you may have to wait up to 1 hour to get your withdrawal.
During weekends and public holidays, the funding may be delayed.
Is It A Scam Or Legit
Trading robots are spreading rapidly in this era and in most cases, all they have to offer on their website is a simple trailer video that is to convince new traders to invest.
From this point of view, the authority of DaxRobot seems are indeed on a tight budget as they didn’t even include a trailer on their website.
Even different popular trading platforms like Zulu Trade etc. provided all their information to prove their legitimacy. It makes traders feel safe.
But not providing every detail information doesn’t mean that they are a scam. Scam robots can’t survive in the market for a long time. As DaxRobot is getting more attention day by day that means it has some speciality to provide to their traders.
Let’s have a quick look at the advantages that you’ll get from this robot. It may help you to decide precisely whether you choose it or not.
Simple and convenient interface.
- 24/7 Customer support.
- No additional fees.
- Accept cryptocurrencies.
- Own robot creation facility.
DaxRobot has some crucial drawbacks that we should make you aware of are given below.
- Only one broker that is new in this field and not regulated by any major regulatory body that limits traders.
- Lack of information on the website.
- one-minute limit demo session.
- No verified backtesting result.
- The initial deposit amount is comparatively high.
- No mobile trading facilities.
Most auto trading robots claim to use special algorithms, we appreciate the fact that DaxRobot doesn’t claim to use any of that special stuff.
Instead, it simply explains that you will be using an automated system powered by common technical indicators.
Lastly, As usual, we always recommend you to enrich your trading knowledge. You must have to be conscious and smart enough to find out the authenticity of any auto trading platform.
Don’t fall for any temptation, rather verify every single detail from your trusted sites that provide you with authentic information. Or, just knock their customer care service option just to be 100% sure.
Keep in mind that, if you lose, you’re going to lose money from your wallet, not from anyone else’s.
So, check and double-check before starting with any trading robots.