Hey there,
Thanks for your message. I did some research on DailyBrokers and in my opinion it seems to be a scam, I advise against using it since there are some red flags worth considering.
First of all, there is no evidence about the broker’s regulation and trustworthiness, raising concerns about its reliability. It seems like DailyBrokers is not regulated at all.
Secondly, I cross-checked their registration number (registration number 125544) in CNMV’s database, which is the regulatory body responsible for overseeing and ensuring the proper functioning, transparency, and protection of investors in Spain’s financial markets, and it belongs to a different entity called TT International. This is a serious warning sign of a fraud.
Thirdly, they have a few unusual policies. For example, withdrawals from accounts that have not made any trades incur a 30% fee to cover processing and administrative costs. While withdrawal fees are common practices in the industry, a fee of 30% is extremely high and legit brokerages do not charge such high fees.
Given these points, please do not use DailyBrokers. If you’re looking for reliable and regulated brokers, you can find them here: https://brokerchooser.com/broker-reviews.
Please let me know, if you have any questions.
Kind regards,
Andris