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DAX300 Broker Review

  1. DAX300 is an unregulated CFDs and Forex broker. It is owned and run by ELRICS Brothers Ltd, registration number: 24269 IBC 2017, located at C/o Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines. South African traders can select one of the three account types offered according to their own personal preference, skills, and experience. In addition, they can test their trading strategies and get familiar with the trading platform available, through the free demo account offered by DAX300. Keep reading to learn more about this new and promising broker.

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    Special Features

    DAX300 offers 3 account types. Depending on their own preference, skills, and experience, traders can choose the one they like the best. South African traders can use the free demo account to familiarize themselves with the trading platform or test their trading strategies before they switch to a live account.


    • €250 min deposit
    • Dedicated account manager
    • 24/7 support
    • Daily market analysis
    • Min order size 0.01
    • 1:100 leverage
    • 40% bonus
    • Training course
    • Spreads from 3 pips


    • €5,000 min deposit
    • Weekly market analysis
    • 1:200 leverage
    • Market news
    • Webinars and video lessons
    • 60% bonus
    • Spreads from 2 pips


    • €20,000 min deposit
    • 1:400 leverage
    • 100% bonus
    • Contact with trading rooms
    • Spreads from 1.5 pips

    Tip: Trade with IQ Option instead, the best regulated broker for South African traders with a minimum deposit of only $10!

    Trading Platform

    Experienced traders will love the MetaTrader4 trading platform. It is an award-winning platform that is considered by many to be one of the most reliable and powerful trading platforms in the industry. Available for Mac and Windows users too, simply download the software on your computer and start trading.

    On the other hand, beginners might prefer to use the MT4 web-trader which does not require a download since it is a fully web-based software. All you have to do is log in via your preferred internet browser and start trading. You can do this through your laptop, smartphone or even tablet. You will need a reliable and fast internet connection to do so though.

    Both novices and experienced traders will appreciate the fact that DAX300 offers a free research and education center in order to improve their knowledge, skills and thus, have an edge in their trading experience. In addition, by enhancing their knowledge, traders will learn how to avoid losing their capital in a single sitting. Simply, avoid placing large trades at the beginning until you are fully confident. Placing small trades not only will help you to avoid losing your capital at once but will help you to get familiar with the trading platform too.

    Customer Support

    South African traders who wish to contact the DAX300’s customer support team can either send an email to [email protected] or call the following number if they prefer to speak directly to an agent: +442080891542. Potential and existing customers are welcome to visit the headquarters which are located in C/o Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines. Just make sure you let the broker know that you will be visiting so that they free up some time to show you around.

    Payment Methods

    DAX300 wants to make your trading experience as good as possible by offering security, speed, and convenience. For this reason, they do not charge any fees unlike other brokers when making a deposit. Several credit and debit cards are accepted like Mastercard and Visa along with bank transfers. Credit card deposits are processed instantly while bank transfers might take a few days to clear. The minimum deposit is set at €250 which is what most brokers offer.


    South African traders wishing to have the best trading experience possible should definitely give DAX300 a try. With so many account types available, a free demo account, the low minimum deposit along with the free education center you will surely enjoy trading with DAX300. It is recommended to start trading by placing small trades in order to get familiar with the trading platform and to avoid losing all your capital at once.

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