Daytradingfxexchange is a forex broker officially registered on March 8, 2024. This broker mainly provides users with numerous trading markets through trading platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Japan, and Iran.
Corporate Registration and Regulatory Status:
According to official information on the Daytradingfxexchange website, the broker is represented by multiple corporate entities and is regulated by different regulatory authorities.
The broker has a corporate entity registered in the United States as Daytradingfxexchange Ltd, with the registration number 9291655-2. This entity is authorized and regulated by the "Financial Services Authority of the United States" with a license number RD07599. Daytradingfxexchange has another entity registered in Australia as Daytradingfxexchange Ltd, with the registration number 123 289 109, authorized and regulated by the Australian Securities and Investments Commission (ASIC) with a license number 342893. In Cyprus, the entity Daytradingfxexchange (EU) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with a license number 493/16. Additionally, an entity registered in the Bahamas as Daytradingfxexchange Ltd, with the registration number 36424 C, is authorized and regulated by the Bahamas Securities Commission (SCB) with a license number PIA-F629.
However, there is no financial regulatory authority named "Financial Services Authority of the United States." The ASIC official website indicates that the entity with the registration number 123 289 109 is INTERNATIONAL CAPITAL MARKETS PTY. LTD, belonging to the broker IC Markets, and the entity with the license number 342893 is DJA CAPITAL PTY. LTD, a private financial services consulting firm. Meanwhile, CySEC does not list any entity with the license number 493/16, and the SCB does not recognize a financial category named PIA.
Therefore, part of the corporate registration and regulatory information displayed on the Daytradingfxexchange website is fabricated, while another part uses information from other companies.
Account Opening:
To open an account with Daytradingfxexchange, visit the broker's official website homepage, click "OPEN AN ACCOUNT" to enter the account registration page, fill in the personal registration information as required and submit. Once submitted, the account will be successfully registered.
Trading Accounts:
Daytradingfxexchange offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading platform: cTrader
- Trading commission (per lot): $3.0 (round-turn $6.0)
- Spreads from: 0.0 pips
- Minimum initial deposit: $200
- Leverage up to: 1:500
- Server location: London
- Micro lot trading (0.01): Supported
- Number of currency pairs: 64
- Indices CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Accepted trading methods: All
- Order distance restriction: None
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $3.5 (round-turn $7.0)
- Spreads from: 0.0 pips
- Minimum initial deposit: $200
- Leverage up to: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Number of currency pairs: 64
- Indices CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Accepted trading methods: All
- Order distance restriction: None
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $0.0
- Spreads from: 0.6 pips
- Minimum initial deposit: $200
- Leverage up to: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Number of currency pairs: 64
- Indices CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Accepted trading methods: All
- Order distance restriction: None
- Programming language: MQL4
Trading Platform:
Daytradingfxexchange claims to provide users with trading platforms such as MT4, MT5, and cTrader, but it does not offer any related download links, nor can any broker named Daytradingfxexchange be found on these platforms.
Deposits and Withdrawals:
Daytradingfxexchange supports deposits and withdrawals using credit/debit cards, e-wallets, and other methods.
Conclusion:
Traderknows reminds investors that Daytradingfxexchange is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
