What is DragonEx.io?
DragonEx.io is a cryptocurrency exchange that allows you to trade a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more. The exchange has been in operation since 2017 and is based in Singapore. DragonEx.io offers a variety of features including spot trading, margin trading, and OTC trading.
Legit or Scam?
One of the most common questions we get from our readers is whether a certain forex broker is legit or a scam. In this review, we will take a look at DragonEx.io to see if it is a legit forex broker or a scam.
DragonEx.io is a Hong Kong-based cryptocurrency exchange that was founded in 2017. The exchange offers trading in a wide variety of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. DragonEx also offers margin trading and has its own native token, DRG.
The exchange has been growing in popularity due to its low fees, high liquidity, and wide range of altcoins. However, there have been some concerns raised about the safety of the exchange and its practices.
In 2019, the CEO of DragonEx resigned after allegations of fraud and embezzlement were made against him. The exchange was also hacked in 2018, resulting in the loss of over $1 million worth of cryptocurrencies.
Despite these issues, DragonEx remains one of the most popular cryptocurrency exchanges in Asia. It has continued to grow and attract new users despite the controversies surrounding it.
So is DragonEx a legit forex broker or a scam? We would say that it is legit, but there are definitely some risks involved in using the exchange. If you are thinking about using DragonEx, be sure to do your own research and understand the risks before doing so.
Pros and Cons
As with any forex broker, there are both pros and cons to using DragonEx.io. On the plus side, DragonEx is a regulated broker, offering a wide variety of currency pairs and CFDs to trade. They also have a very user-friendly platform and offer 24/7 customer support. On the downside, spreads can be high and there have been some complaints about account suspensions and withdrawals taking longer than expected. Overall, DragonEx seems like a decent broker, but as with any broker, it’s always important to do your own research before making a decision.
What do other users say about DragonEx.io?
Other users say that DragonEx.io is a legitimate and safe forex broker. They have been able to withdraw their profits without any issues. Some users have also reported positive experiences with customer service. There are a few complaints about the platform being slow or unresponsive at times, but overall it seems to be a reliable broker.
Final Thoughts
When it comes to choosing a forex broker, there are many factors to consider. The most important thing is to find a broker that is legitimate and regulated. DragonEx.io is a broker that is regulated by the Seychelles Financial Services Authority (FSA). This means that they are held to strict standards in terms of financial practices and customer protection.
Another important factor to consider when choosing a broker is the trading platform. DragonEx.io offers the MetaTrader 4 (MT4) platform, which is one of the most popular and user-friendly platforms available. They also offer a mobile trading app for those who prefer to trade on the go.
In terms of customer service, DragonEx.io provides support 24/7 via live chat, email, and phone. They also have an extensive FAQ section on their website that covers all aspects of forex trading.
Overall, DragonEx.io is a solid choice for both new and experienced traders looking for a reputable and user-friendly broker.