Fintopi
    Facebook Twitter Instagram
    Fintopi
    • Home
    • Loans
    • Trading Brokers
    • Contact us
    Fintopi
    Home » DakkenGroup Review: All About DakkenGroup.Pro
    Overview of scam broker DakkenGroup
    Fraudulent Brokers
    FinTopiAuthorBy FinTopiAuthorMarch 6, 2023Updated:June 14, 2023No Comments5 Mins Read

    DakkenGroup Review: All About DakkenGroup.Pro

    To some people, this broker scam may sound familiar. It is aggravating that this fraud has resurfaced once again. Their web page may look legit, and they may be able to trick inexperienced traders. 

    Nevertheless, beware of all the empty promises of this trading scam. Stay tuned and keep reading this DakkenGroup review to discover more details. 

    Leveragefrom 1:100 to 1:400
    RegulationNo
    HeadquartersSt. Vincent and the Grenadines
    Minimum Deposit$250
    Review Rating1/5
    Broker TypeForex
    PlatformsWebTrader
    Spread2 pips

    Table of Contents

    • How Safe and Regulated DakkenGroup Investments Are
    • DakkenGroup Trading Platform
    • Account Types at DakkenGroup
    • Deposit and Withdrawal Methods
    • How Does The Scam Operate?
    • The Finest Forex Brokers
    • DakkenGroup Summary
    • FAQs About DakkenGroup Broker

    How Safe and Regulated DakkenGroup Investments Are

    It’s essential to know that Dakkengroup has become the subject of a warning issued by the CNMV (Spanish authority). 

    The warning states the business has been offering its services to Spanish traders without the approval of the governing body. This is entirely illegal. Moreover, there is no lack of brokers out there that have been running the same plan. They seek to portray themselves as EU institutions because they wish to lure victims located in the EU. They do this by acting to offer them conditions they can expect from real EU brokers. 

    Dakkengroup is, by all means, not a Spanish broker. So, from where is this broker scam operating?

    There is scarcely a more scandalous jurisdiction a broker could be operating from than St. Vincent and the Grenadines. This land is accountable for housing an immensely considerable amount of FX scammers nowadays. This is because of its refusal to handle such markets. There are no warranties for the safety of your or anyone’s funds with these organizations. So, please stick with regulated brokers only. 

    DakkenGroup Trading Platform

    DakkenGroup has web-based trading software. Likened to industry-standard MetaTrader4, the platform is quite scarce. It does not even include automated trading.

    Bear in mind that MT5 is one of the most widely used platforms in the forex world.

    It is equipped with all typical features, such as a complete set of trade orders. What’s one of the most appealing elements of MetaTrader 5? Well, algorithmic trading is undoubtedly the most powerful option. It is possible for you to execute automated trading sessions with robots.

    Apart from that, the MT5 venue offers a cutting-edge Market Depth feature. In addition, individual orders and trades are accounted for, along with netting and hedging.

    Tip: Trading with leverage is extremely risky. There is always a slight risk of losing your funds, even with legitimate brokers. Keep this in mind at all times. 

    Account Types at DakkenGroup

    Take a look at the following DakkenGroup account types. It’s a bit odd that they are named after crypto assets.

    • Ripple account – $250
    • Ether account – $15,000
    • Bitcoin account – $100,000
    • Luxury account – $1,000,000

    Now, what about leverage? It varies from 1:100 to 1:400. What’s more, none of the accounts have fees or commissions. DakkenGroup has a minimum deposit that is rather common, but still high. On the flip side, other accounts demand too much cash for a trading scam.

    Deposit and Withdrawal Methods

    DakkenGroup broker only accepts BTC deposits. Be that as it may, this is a red flag. Only fraudsters would forget to offer any type of alternative to crypto payments. The explanation why they favor receiving funds in such a way is quite simple – such transactions are anonymous and hardly reversible.

    You would hardly be able to get a chargeback if you have already deposited. However, it is possible! Although cryptocurrency transactions are difficult to track, there are tools that follow a transaction by ID and connect it to a wallet within the exchange. Once tracked, a client can submit a legal letter to the exchange asking for a refund.

    In addition, there are some extremely high withdrawal fees. There is $50 for wire transfers, $25 for card withdrawals + $10 processing fee, and $25 for digital payments. Unverified accounts will be charged an extra 10% fee.

    How Does The Scam Operate?

    Shady forex brokers exhibit many deceitful patterns, as is well known. You will see a lot of withdrawal issues and negative reviews. Besides, you will come across exorbitant fees. Beware that these fees frequently rise beyond 20%.

    Likewise, they will combine some sort of profit fee. Deceitful websites will want to rip you off with these fees before initiating a withdrawal. You should know that this is virtually always the case!

    However, there are always enormous gains they vouch for. This is another standard fraud scheme that you should keep in mind. These con artists promise guaranteed profits. Trading with leveraged instruments carries risks. Never skip this!

    Any broker who is deceptive will tell you that profits are guaranteed.

    Use real and regulated brokers only. Licensed brokers come from the EU, USA, UK, as well as Australia. These need to post a notice about the percentage of clients who suffer losses on their websites.

    The Finest Forex Brokers

    Let’s take a look at some of the finest forex brokers at the moment. By selecting some of these, you cannot go wrong. 

    BrokerCountry,RatingMin. DepositWebsite
    FXTM BrokerCyprus, UK, Mauritius4.5$10Forextime.Com
    OctaFX BrokerCyprus, SVG4.4$100OctaFX.Com
    FP Markets BrokerAustralia, Cyprus4.7$100FpMarkets.Com
    XM BrokerCyprus, Belize, Australia4.7$5XM.Com
    HFM HF Markets BrokerCyprus, UK, South Africa, UAE, Kenya4.3$5HFM.Com
    FBS BrokerCyprus, Belize, Marshall Islands4.85$100FBS.Com

    DakkenGroup Summary

    As you can see in this DakkenGroup review, this broker is not regulated at all. This goes without saying. They show a fake location on their site, and there is a warning issued against them. 

    Rather than wasting your time here, stick to legit brokerages. You will save time as well as money.

    FAQs About DakkenGroup Broker

    What Funding Methods Does DakkenGroup Accept?

    In regard to the funding options, DakkenGroup forex broker only accepts BTC deposits.

    How Long Do DakkenGroup Withdrawals Take?

    This question has no answer as no one was able to withdraw money from this broker.

    Is My Money Safe with DakkenGroup?

    No. Your money is not and will never be safe with a broker scam like this one. Keep this in mind.

    DakkenGroup Reviews DakkenGroup Scam Scam Broker DakkenGroup Trading Scam

    Want to trade?

    Wondering how to know if your broker is safe? How to avoid dealing with swindlers? We'll help you find the best broker that suits your trading style and skill level.

    Fill out the form to find the perfect broker for your trading needs! 100% Free advice.

    Auto Loans By State
    ‎Home Equity Loans By States
    ‎Mortgages By States
    ‎Personal Loans By State
    ‎Student Loans By State
    Auto Loans By State
    AL
    AK
    AS
    AZ
    AR
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    GU
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    MP
    OH
    OK
    OR
    PA
    PR
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VI
    VA
    WA
    WV
    WI
    WY
    ‎Home Equity Loans By States
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    ‎Mortgages By States
    WY
    WY
    WY
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    ‎Personal Loans By State
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    ‎Student Loans By State
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    FinTopiAuthor
    • Facebook
    • Twitter
    • LinkedIn

    The FinTopiAuthor, who prefers to remain anonymous for now due to privacy reasons, has a bachelor’s degree in finance and over 10 years of experience in financial planning and bank loans. For the last 3 years, they’ve been working as a freelance copywriter in the niche of financial products, investing, and money lending, with the special attention to pros and cons of different loan types. Besides an interest in financial topics, they’re keen on traveling and various adventures.

    Related Posts

    Cuso Mortgage Review – Can You Depend on Their Advice?

    May 14, 2023

    Metro Credit Union Mortgage Review – Is it a Secure Option for Your Money?

    May 13, 2023

    Lyons Mortgage Services – An Overview of Services and Reputation

    May 12, 2023

    ‎Auto Loans In West Virginia

    January 27, 2023
    Add A Comment
    Leave A Reply Cancel Reply

    Table of Contents

    Table of Contents

    • How Safe and Regulated DakkenGroup Investments Are
    • DakkenGroup Trading Platform
    • Account Types at DakkenGroup
    • Deposit and Withdrawal Methods
    • How Does The Scam Operate?
    • The Finest Forex Brokers
    • DakkenGroup Summary
    • FAQs About DakkenGroup Broker

    You Lost Money?

    Get Your Money Back

    Copyright © 2022-2023 Fintopi. All trademarks are the property of their respective owners.

    What's Hot

    Exteom Review: EU Traders Are Lured in Fraud Again
    June 14, 2023
    Immediate Edge Review: No Regulation, No Сonscience
    June 13, 2023
    When Is the Best Time to Buy a Car? A Comprehensive Guide
    June 12, 2023

    Company

    • Homepage
    • Sitemap
    • Privacy Policy
    Disclaimer: We do our best to ensure that the information on our site is up to date and accurate. This information may differ from what you see on the websites of the companies we mention. All products and services are provided without warranty of any kind. When evaluating offers, you should check the terms and conditions of the product and/or company and/or company. Trademarks, product names, logos and others mentioned on Fintopi are the property of their respective owners. The information we present is for educational purposes only and you should consult with a licensed financial professional before making any financial decisions.

    Type above and press Enter to search. Press Esc to cancel.