Verified: DAX40 Is Operated Through The Website Https://dax40trade.online/, This Domain Name Was Registered On April 5, 2024.
Reviewed DAX40 Is An Unregulated Broker
DAX40's Domain Name Was Newly Registered In April 2024, So The Website Is Relatively New. It Claims To Be Subject To Multiple Regulations And Lists The Logos Of Many Financial Regulators On Its Pages.
However, No Valid Licensing Details Have Been Provided To Substantiate This Claim. We Have Reason To Believe This Is Fictional.
In Addition, The Belgian Financial Services And Markets Authority (FSMA) Has Placed DAX40 On Its Warning List As A Fraudulent Trading Platform Operating In The Belgian Market And Advised Investors To Stay Away From It.
Essentially, DAX40 Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To It Carries A High Level Of Risk As There Are No Legal Safeguards To Protect The Funds.
To Sum Up, DAX40 Appears To Be A Scam.
And Most Non-compliant Brokers Do Not Disclose Providing Their Direct Real Contact Information, Such As Phone Numbers Or Company Addresses.
NOTE: DAX40 As An Unregulated Broker, This Means That Clients' Investments May Not Be Adequately Protected. Lack Of Regulation Increases The Risk Of Potential Financial Losses Due To The Lack Of A Regulator To Hold Companies Accountable.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.
On November 15, 2024, The Belgian Financial Services And Markets Authority (FSMA) Added DAX40 To Its Warning List As A Fraudulent Trading Platform Operating In The Belgian Market And Advised Investors To Stay Away From It.
Here Is The Link To The Original FSMA Text:
Https://www.fsma.be/en/warnings/advertisements-celebrities-spotted-social-media-beware-fraud
