Score
Saint Vincent and the Grenadines
|
2-5 years
| https://dakkengroup.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
dakkengroup.com United StatesNote: Dakken Group's official website - https://dakkengroup.com/ is currently inaccessible normal.
| Dakken Group Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Stocks, Indices, Cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:400 |
| Spread | From 0.5 pips |
| Trading Platform | MT5 |
| Min Deposit | $250 |
| Customer Support | 24/5 support |
| Contact form | |
| Email: tech.support@dakkengroup.com | |
| Company Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent and the Grenadines | |
Dakken Group, a trading name for Clandestiny Group LLC, is purportedly a Saint Vincent and the Grenadines-registered forex broker that offers a range of tradable financial instruments, such as Forex, commodities, stocks, indices, and cryptocurrencies, with fixed spreads starting at 0.5 pips on MT5 platform and flexible leverage up to 1:400. Additionally, the company claims to offer four distinct live account types.
| Pros | Cons |
| Diverse tradable assets | Unavailable website |
| Multiple account types | Not licensed |
| Flexible leverage ratios | High minimum deposit requirement |
| MT5 platform | Withdrawal fee charged |
| Popular payment options | Only email support |
| No deposit fee |
No, Dakken Group operates without valid regulations, which means you receive no legal protection when trading on this platform. Please be aware of the risk!
Dakken Group's market instruments cover forex (EUR/USD), commodities (oil, gold, silver), stocks (Apple Stocks, Amazon, Google), indices (NASDAQ, S&P 500), and cryptocurrencies.
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Dakken Group claims to offer four types of trading accounts, namely Ripple, Ether, Bitcoin and Luxury.
| Account Type | LUXURY | BITCOIN | ETHER | RIPPLE |
| Min Deposit | $1 Million | $100,000 | $15,000 | $250 |
Traders holding different account types can enjoy different maximum leverage ratios.
| Account Type | LUXURY | BITCOIN | ETHER | RIPPLE |
| Max Leverage | 1:400 | 1:400 | 1:200 | 1:100 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Dakken Group claims to provide its clients with fixed spreads from 0.5 pips for all account types.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Web, iOS, Android and Webtrader | Experienced traders |
| MT4 | ❌ | / | Beginners |
Dakken Group says to work with multiple payment methods, consisting of Visa, Mastercard, Maestro, Skrill and cryptocurrency.
The minimum initial deposit requirement is said to be $250, and the minimum withdrawal amount is £65/€90/$100.
There is no deposit fee charged.
All withdrawal requests require 3-5 working days to be processed.
Dakken Groups website claims to offer a 35% bonus for the account you open and a 45% bonus if you bring your friend, yet we cannot be sure if the bonus can be withdrawn without any limitation.
In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
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