Vomero Limited, which operates the site, is registered in the offshore jurisdiction of St. Vincent and the Grenadines. The firm guarantees its clients “to thrive in a dynamic trading environment”. Please note that this supposedly innovative platform has “numerous industry awards, but there is no evidence of this. In addition, financial licenses are also not available on the official website.
Will this platform be suitable for safe trading? If you want to know the answer to this question, read our DailyBrokers review where we reveal the details of this broker’s activities.
How to Trade
The brokerage platform functions from any browser and requires no installation. You can trade on 6 markets, from stocks to cryptocurrencies. Investment options are as follows:
- 3 account types with an initial deposit of $250-$5,000-$10,000.
- Over 250 assets, including commodities, currency pairs, and indices.
- Minimum lot 100,000 units.
- Leverage from 1:200 to 1:600.
The intermediary accepts credit and debit cards. Please note that the commission of up to 30% for withdrawals is extremely high and brokerage companies usually do not charge such high fees.
Additional services include training, Risk Free Trading Simulator, webinars. Please note that the link to the stated demo account is missing from the site.
DailyBrokers Vital Info
The owners of the project do not disclose their names and do not specify the arbitrators who awarded the company with the “Best Broker of the Year” awards in 2020-2021-2023. However, there is no documentary confirmation of the prizes either. In addition, the launch date of the platform is not specified. As for the domain, it was created in 2015 and renewed in May 2024. Presumably, the domain name was purchased by the founders of this resource and the site has been operating for less than a year.
Where are the financial activities of this firm regulated? Nowhere. First, Vomero Limited, which allegedly owns the DailyBrokers brand, claims to be registered in St. Vincent and the Grenadines, but it is absent from the SVG FSA register. Secondly, the Financial Services Authority of this jurisdiction does not regulate trading platforms at all. Finally, we checked the registration number 125544 in the database of the Spanish regulator CNMV, as the dailybrokers.com website interface only works in Spanish. However, the said number belongs to another firm called “TT International”.
I opened an account and deposited €2k(the broker is not interested in small amounts). And then the money disappeared, it didn't even appear in my account. I wrote to DailyBrokers support and they said it was my fault as I transferred the money to an unknown place. Am I an idiot???? Traders write all sorts of negative reviews about brokers online, but this is the first time I encountered such insolence. No wonder they have a simple customer data verification.
The broker has small advantages, but they do not go in comparison with the huge disadvantages. I will note the global disadvantages of DailyBrokers: low speed of forex, large commissions when paying out funds.
I don't even remember how I found this broker. I can confidently say that it is far from the worst option, but not the best either. As for withdrawal of funds, there are no complaints, DAILYBROKER calmly allows you to withdraw money. I don't remember the administrators freezing my account ever. The only thing I don't like is the huge spreads and commissions, as well as the long response from the staff (a couple of times I had to wait for hours!). I switched to another broker because I found better service.
I registered in this project, deposited 5K dollars, increased my balance to almost 6K by trading, and applied for profit withdrawal, but I can't log in to my account now. Has anyone had this problem?
This is a strange firm. They opened several orders for me that I did not order. I am at a loss. Tech support stands their ground and they will not refund my $760. I am disappointed with this broker and I will be looking for another broker.
Today I saw a message when I logged into my personal account, the administrator wrote that my account was blocked. How?!? For what?!!!Sorry, but this is scam, I had 3,860 dollars in my account and now I don't see any money...
This is a bad platform that doesn't have any special features. There are few assets at Dailybrokers, and I don't have much to choose from, so I mostly trade gold. Although profitable stocks are rare, they allow me to trade with profit. Withdrawal of money takes a lot of time. I don’t know about other traders, but I waited for my earnings for several days. I registered quickly, as there were not many fields to fill out, but the resource froze several times. I think that you should not start your trading career with Dailybrokers, but it is also not suitable for professionals.
I advise you to give DAILYBROKER a try. I don't know if they are now accepting new clients or not, they just seem to have stopped accepting them at some point, but you can check with the managers. I just recommend this company according to my experience, firstly, it has been on the market for a long time and has proven itself as a reliable broker, although it is not very famous, apparently they do not spend much money on marketing, so this broker is not much talked about in the network. Secondly, it is a convenient platform. Together it gives a great advantage for daily trading with high speed of order execution. However, I warn you that the price of the services is too high.
I can single out from the pros the fact that the company does not cheat and provides funds for withdrawal. I will refer to the minuses: glitches and interruptions with the platform, this problem is frequent and difficult to work with; I can also note the weak support. I closed my account at dailybrokers.com after three weeks and do not recommend anyone to trade here.
One of the main advantages I have noticed in my work with this broker is the excellent analytics available on the website. Every day, when I start trading, the first thing I do is to study analytical materials and compare my strategy with the forecasts. After all, the forecasts are made by real professionals at dailybrokers.com. At least, I have never noticed that they were somehow too wrong, with too inflated or underestimated expectations. Everything is there adequately and professionally at Dailybrokers. That is why I would like to thank the analysts who work here. You do a great job not only for the prosperity of the company, but also help traders in their daily work. However, trading and withdrawal fees are very high with this broker.
I have been trading here for a short time and the execution of many orders is not always clear to me. Also, there are not many types of crypto offered by the broker, although it is one of the most successful earning options at the moment. In addition, there are many shortcomings in the work of the terminal, so I did not continue working here.
The broker does not offer anything interesting. I, a novice trader, checked it out. It is good that I at least invested at a minimum and did not believe in the managers' promises. By the way, they respond only when they need it, not you.
Scammers blocked my account when I wanted to withdraw my 0.05 Bitcoins... DAILYBROKER support only responded to my questions once. They said that the account was blocked for security violation🤔 and that all my transactions will be verified and the money can be withdrawn if the violations are not confirmed. However, there is no money and support is silent for more than two weeks... I'm sure it's a scam!!!!
I made a big mistake when I chose DailyBrokers as my first broker. I didn't see any advantages here during the whole period of service. I can only add that there are trading advisors that probably exist only in the list of services, and there is negative balance protection. There are many more disadvantages at dailybrokers.com, here are some of the most serious ones: terrible trading conditions, no bonuses, high fees, etc. Disgusting service, if you contact them in support, they will answer you in a day and a half at best!! minimum deposit starts from $250, and not every beginner trader is able to deposit such amount. The interface and the terminal itself is terrible, slow and unreliable. I do not recommend DailyBrokers to you.
I invested the minimum at first, $250, and then the manager convinced me to invest more. I added another $700 and then a few more times. Eventually my trading budget increased to $5k. However, I can't withdraw any profit or deposit. I don't know what to do! Daily Brokers employees don't answer the phone…… who can help????!!!
I chose this brokerage company primarily based on the fact that it has a great trading terminal! At least during my time with DAILYBROKER I have never experienced any program slowdowns. I have never had any requotes. In addition, this terminal is very functional. In particular, some many additional tools and signals allow you to easily implement your own trading strategy. Overall, for me, there are only pluses here. Can I recommend trading with this broker? Definitely yes, this is where I learned to make money trading currencies. Now I am working with another company, but I will definitely come back to DAILYBROKER, as I still have $1,246 left in my account here.
Darned me to turn to these scammers!!! The platform is designed to be one if you rate it on a five point scale! New clients have no opportunity to open and test a cent account here. Trading conditions are inadequate at Daily Brokers. Their minimum deposit is huge compared to other brokers ($250). In addition, you can't choose an account with different spread levels. I would like to add options for passive earning, eliminate requotes, provide faster technical support and lower the minimum deposit amount - then I would not be sorry to give a good rating. Right now I give only 1 point.