|Journal status: |
- Full listing profile: Daxbase broker profile
Is Daxbase safe?
- Investor protection: no
- Regulation: not regulated
- Registration: no
- Publicly traded: no
- Segregated account: no
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Daxbase trusted?
- Information transparency: poor
- Customer service: not so helpful
- Daxbase website: uninformative, updated
- Daxbase popularity (by visitor count): low visits
How Daxbase works
...the ASK and BID prices are referred to as the Company’s prices and can be found on the Company’s trading platform. ...Prices will be obtained from reputable third-party price feeders and provided by the Company. ...The Company ensures that the Client will receive the best price by guaranteeing that the calculation of the quoted prices is made with reference and compared to a range of underlying price providers and data sources. The Company additionally ensures to monitor its Execution Venue(s) on an ongoing basis and review their performance at least annually to confirm that relevant and competitive pricing is offered.
. Counterparty risk A key area of risk associated with OTC CFDs/options is the counterparty risk borne by Clients, i.e. the potential for the issuer to be unable to fulfil its obligations resulting in loss for the Clients. As BROKER issues the CFDs/options, you are dealing with BROKER as the counterparty to every transaction. ...Each Option is an over-the-counter contract and is not traded on an exchange or market. You will not be able to transfer or assign the CFDs/options to any other person. Only BROKER can close your Positions. OTC CFDs/options are not guaranteed by an exchange or clearing house, and Clients therefore face the risk that BROKER may fail to meet some or all of its obligations.