Dexxmoonpay is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that Dexxmoonpay is a scam.
Company Overview
Dexxmoonpay is a relatively new broker, having been founded in 2022. The company’s website does not provide any information about its headquarters or its management team. This is a red flag, as legitimate brokers are usually transparent about their contact information and leadership.
Does Dexxmoonpay Have Any License?
Dexxmoonpay does not have any licenses from any financial regulatory authority. This is a major red flag, as all legitimate forex brokers are required to be licensed by a reputable regulator.
Is Dexxmoonpay Regulated By Any Authority?
Dexxmoonpay is not regulated by any financial regulatory authority. This means that there is no governing body to oversee the company’s activities and protect investors.
Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is user-friendly.
- The spreads are competitive.
Cons:
- The broker is not regulated.
- There is no customer support.
- There have been reports of fraudulent activity.
How Does Dexxmoonpay Reach To Their Prey?
Dexxmoonpay uses a variety of methods to reach potential victims. These include:
- Spam emails and text messages
- Social media ads
- Online reviews
- Word-of-mouth
Technical Details
Minimum Deposit:
The minimum deposit requirement at Dexxmoonpay is $250.
Trading Platform:
Dexxmoonpay uses the MT4 trading platform. MT4 is a popular and well-respected platform, but it is important to note that it is not regulated by any financial authority.
Spread:
The spreads at Dexxmoonpay are competitive. The average spread for EUR/USD is 1 pip.
Leverage:
The maximum leverage offered by Dexxmoonpay is 1:500. This is a very high level of leverage, and it is important to use it with caution.
Packages and Products They Offer
Dexxmoonpay offers a variety of trading products, including forex, CFDs, and cryptocurrencies. The company also offers a variety of trading accounts, each with its own set of features and benefits.
Withdrawal and Deposit Method
Dexxmoonpay offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. The minimum withdrawal amount is $250.
What Do Their Previous Traders Say?
There are a number of complaints about Dexxmoonpay online. These complaints allege that the company is a scam and that it has defrauded its customers.
Summing Up- Why Should Not You Trust Dexxmoonpay
There are a number of reasons why you should not trust Dexxmoonpay. These include:
- The company is not regulated.
- There is no customer support.
- There have been reports of fraudulent activity.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Dexxmoonpay, you should contact a financial recovery firm. These firms specialize in helping people recover their lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
Dexxmoonpay is a scam broker. You should avoid trading with this company. If you have already lost money to Dexxmoonpay, you should contact a financial recovery firm for help.
We provide free consultation calls and recovery service recommendations to help in recovering the lost funds.
If you are considering trading with Dexxmoonpay, I urge you to reconsider. There are many legitimate forex brokers out there that you can trade with. Do your research and choose a broker that is regulated and has a good reputation.
I hope this article has been helpful. If you have any further questions, please feel free to ask.
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