Dash Fx Trade Review

About Dash Fx Trade

Dash Fx Trade does not hold any regulatory authorisation from recognised financial authorities. The UK Financial Conduct Authority (FCA) issued a warning on 28 January 2022 stating that Dash Fx Trade is offering financial services in the UK without authorisation, meaning UK clients are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme (). The broker claims registration in Saint Vincent and the Grenadines with number 24986 IBC 2018, but this jurisdiction does not regulate forex brokers or issue licences, so the registration provides no legal oversight ().

Dash Fx Trade also purports to be based in the USA, but has no record of authorisation with the US National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) (). The website reportedly offers only cryptocurrency-based deposits, including potentially misleading “investment packages” promising unrealistic returns (e.g. $50 turning into $450), and lacks any confirmed information on trading platforms, asset classes, spreads, leverage, account types, or minimum deposit ().

Pros and cons

Pros

• None confirmed from regulatory or institutional sources.

Cons

• No regulatory licences or oversight in the UK, US, or reputable jurisdictions.
• FCA warning identifying the firm as unauthorised in the UK.
• Use of crypto-only deposit methods and unverifiable promises of high returns.
• Absence of transparent trading conditions, platforms, or client protections.