A recently launched automated bot gets the most hype compared to other giant automated software. And our DaxRobot review will save your investment by disclosing some facts you should know.
The trend has some positive impacts on the market as well as some negative. However, these robots are versatile and resourceful, which helps traders to trade according to market fluctuations.
You are guaranteed a quick, safe, and secure 24/7 trading experience. But not always.
The automated robot usually trades with no emotional involvement. It also helps traders to keep themselves 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.
We assure you that you will get a transparent review here. It will also help you choose a suitable auto-trading robot.
Please make yourself comfortable, and let’s get started!
DaxRobot is a CFD and Forex auto-trading robot. The platform is designed so sophistically that any trader can trade without difficulties.
DAXbase is the only broker that DaxRobot supports. It has an excellent reputation in the CFDs market. Besides, the bot offers ten pre-made robots for traders’ convenience.
It has a wide range of payment methods, including credit cards, Bitcoin, Litecoin, etc. There needs to be detailed information about the robot on their website or historical data. Unfortunately, we found nothing on their website.
On the other hand, this company complies with financial regulation standards; however, as their business is international, they are not limited to a particular country’s regulatory framework.
But it needs to be noted that this robot does not provide any service inside the United States.
Using DaxBase platform, you can fund your account and run DaxRobot live account. For verified live account holders, Binoption is delighted to present an incredible 200% Deposit Bonus.
Besides, we all know that trading markets are competitive, and we want our traders to conquer the market with us. Existing and new customers can use these codes mentioned in the table below. Besides, this special offer is available around the world.
Deposit $1000 or more to activate this code and straightly get a 200% extra bonus on the first deposit amount.
Through this special offer, we are allowing you to trade with even more power and confidence.
Daxbase - DX200
As we stated, the bonus is automatically available for all clients who deposit $1000 or more into their funding accounts.
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 of performing trade or not.
Sign-up and logging are the processes you must complete to start trading. 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.
Follow the following steps to sign up.
Firstly, you need to fill out 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 three boxes 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 log in after completing the free registration.
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.
High Capital Risk Is Involved In Financial Trading
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 ensure your downfall within a very short time.
Every trader needs to get familiar 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 must 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 favorite asset pairs and at least three indicators to start with.
Lastly, you are ready to place the trade.
DaxRobot has only our supported broker, which is DAXbase. Clever Technologies operate DAXbase.
There are three account types- Bronze, Silver, and Gold. After completing your free registration, you have to activate your preferable trading account and 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 also allowed.
Click on ‘CREATE MY ROBOT’ after reaching the trading platform. Name your robot and select asset pairs that you prefer.
Next, select your favorite 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.
High Capital Risk Is Involved In Financial Trading
There are ten top robots that you will find on the dashboard after opening an account. These are all pre-made bots you can use in the most volatile market. Unlocking these robots requires funding on your account.
Besides, the deposit amount also differs from the DaxRobot. The profit rate you see there is not fixed; rather, it varies monthly. The initial deposit amount starts from $250, and the maximum is $2500.
Each bot has a unique strategy, and not all bot is suitable for all type of assets. So, our recommendation is to create your own by analyzing the market movement and price.
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 a 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 it is a “demo” account. Treat it as a live account and your real money. However, the time frame is too short of understanding the platform properly. Besides, the demo account result is misleading.
Do you like to lose money with your live account so easily? If not, then do not lose your demo account so easily too.
Trading on a mobile is much easier than trading on a laptop. It’s tough for traders to execute the trade by sitting before the laptop all day. 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 trying to create a good impression.
You’ve learned before that DaxRobot basically deals with Cryptocurrencies and Forex pairs. In the dashboard, you can see the 12 different asset pairs from both Forex and Cryptocurrency.
Forex pairs:
Crypto pairs:
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:
VISA MasterCard:
This method will cost 5% while funding. Its covered regions include almost everywhere. You can instantly fund your account.
Bitcoin:
Bitcoin doesn’t cost any transfer fee and instantly input your fund to the account.
Ethereum:
Funding with Ethereum is just like bitcoin. You can instantly fund your account without any cost from anywhere.
Altcoins:
Altcoins too don’t cost any transfer fee.
Perfect Money:
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.
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 to be on a tight budget, as they didn’t even include a trailer on their website.
So, it took a lot of work to compare this bot with the leading one. However, the bot should provide all its information to prove its legitimacy. It makes traders feel safe.
But not providing every detail of information doesn’t mean they are a scam. Scam robots can’t survive in the market for a long time. As DaxRobot is getting more attention daily, it has some specialties to provide to its traders.
So far they have some disadvantages that we will point out later.
Let’s quickly look at the advantages you’ll get from this robot. It may help you to decide precisely whether you choose it or not.
Simple and convenient interface.
DaxRobot has some crucial drawbacks that we should make you aware of are given below.
Most auto-trading robots claim to use special algorithms; we appreciate 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 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.
This post was last modified on January 23, 2023 5:20 am