Published on September 14th, 2019 | by John Kane0
DAXRobot Review – CFD Trading
Summary: The program seems reputable, but there are other products that we prefer at this point in time. If the vendor ever gets verified trading results, it would go a long way in changing our mind.
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.
Other automated systems we prefer include:
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!
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