![]() But What Is A Chargeback?īanks have their way of recovering stolen funds. Our chargeback specialists may be able to help you with it and recover your funds. If you are a victim of DakkenGroup or a similar bogus broker, let us know. Scammed by DakkenGroup Broker? – Let Us Hear Your Story Implying you have to invest more to reach such an amount, which is the point of this clause. So, suppose you got $100 you have to trade $2,500 before getting a payout. The minimum withdrawal amount is $100, with 50 units charged for wire transfer, 25 units for cards and e-wallets, and an additional 10% processing fee for the latest method.Īs mentioned, if you take any bonuses, you cannot withdraw your money before repaying the amount 25 times. The company accepts several payment methods for deposits and withdrawals, including:ĭepositing via a crypto wallet is always the riskiest since following these transactions is complex. DakkenGroup Deposit, Withdrawal Methods, and Bonuses There are also high commissions for withdrawals, starting from 25 USD/EUR on the minimum withdrawal amount of 100 USD/EUR, and a Bonus Policy requiring you to have a turnover of 25 times the bonus amount before being able to request a withdrawal. And not knowing such a thing is always a minus.įurthermore, the company maintains the right to charge an inactivity fee of 10% each month if your account is inactive for more than 6 months. It’s good, but they never mentioned the limit, so you can get 0.5 pips for EUR/USD pair, while the broker may charge 3 pips for BTC trading. DakkenGroup – Bad Trading Conditionsīesides unregulated leverage, the broker says to offer a fixed spread from0.5 pips. If possible, tell us about your scam experience. Yet, the broker is mainly focused on crypto, while other assets are not as present.Īt the same time, avoid scammers such as Margex, Fin Venture and ZMarket Global . DakkenGroup Range of Trading Instruments & MarketsĭakkenGroup offers trading in 4 major markets: Yet, nothing is worth a million dollars with an illicit firm. The leverage goes from 1:100 to 1:400 you’re entitled to more perks such as support, personal account manager, etc. ![]() Since the difference is quite extensive, going from a minimum deposit of $250 to $1 million, we checked what you get for the money. As such, it provides leverage of up to 1:400, while the EU and UK regulators set a limit to 1:50 or 1:30 for the Forex market. It would be a good offer if a broker weren’t unregulated. On the other hand, WebTrader is a little simpler tool with fewer features, more suitable for market beginners. The platform has a vast number of charts and indicators and probably the most superior trading tools such as EAs, social trading, and more. Since MT5 is one of the most prestigious software in the trading industry, it’s good that you have access to it. Supported Trading Platforms – Available Trading SoftwareĭakkenGroup offers 2 platforms – MT5 and WebTrader. Many clients report that broker is taking money, and account managers promise everything and anything, but once you ask for a payout, they will simply stop responding. If you check portals for reviews, such as Trustpilot, the broker has a negative rating. ![]() The authority body issued an official warning, stating that the firm provides financial services it has no approval to provide, including Forex trading and giving financial advice. DakkenGroup Warnings From Financial RegulatorsĭakkenGroup has been blacklisted by the Spanish regulator, CNMV. On top of that, we want to invite you to read our recently updated reviews of the scam brokers Intel Trading, Exindex and ApexCrypt. It means it can use funds for the company’s expenses or even vanish without consequences. Those are the main reasons to look for a licensed firm from a reputable country.ĭakkenGroup is not just an offshore broker but also has no financial regulations. Most Tier1 license providers, such as FCA, ASIC, and BaFin, are ensuring that your broker follows the rules, keeps your funds in segregated accounts, and has a compensation fund to recover your money in case of issues. The FSA declared itself not in charge and directed brokers to opt for a license in the country of service. This Caribbean island is known as an offshore haven since it doesn’t have a financial regulator dealing with Forex and binary options firms. DakkenGroup is a brand of Clandestiny Group LLC, based in Saint Vincent and the Grenadines.
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