About DAILYBROKERS
Overview
DailyBrokers is a retail forex and CFD broker registered in Saint Vincent and the Grenadines, with a registered address at Euro House, Richmond Hill Road, Kingstown. The company was founded on October 14, 2024, making it a very new entrant in the online trading space. Its official website, dailybrokers.com, presents the firm in Spanish, targeting a Spanish-speaking clientele.
The broker markets itself as a leader in financial brokerage, emphasising trust, transparency, and advanced trading tools. However, independent public information about the company remains limited, and traders should approach with caution given its recent establishment and unregulated status.
Regulation and Safety
FXCanary records show that DailyBrokers holds no regulatory licences from any recognised financial authority. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal oversight of financial service providers. This lack of regulation means there is no independent body ensuring client fund protection, dispute resolution, or adherence to industry standards.
The broker's FXCanary Scam Risk Score is 75 out of 100, indicating a severe risk level. Traders should be aware that trading with an unregulated broker carries significant risks, including potential loss of funds with limited recourse.
Account Types and Trading Conditions
DailyBrokers offers three account tiers: Essential, Standard, and Premium. The Essential account requires a minimum deposit between $250 and $5,000, with maximum leverage of 1:200. The Standard account has a deposit range of $5,000 to $10,000 and leverage up to 1:400. The Premium account starts at $10,000 and offers leverage as high as 1:600.
These high leverage levels, particularly 1:600, are extremely risky and can amplify both gains and losses. The broker does not specify other account features such as spreads, commissions, or additional benefits, leaving traders with limited information to compare offerings.
Instruments and Platforms
According to known facts, DailyBrokers provides access to over 250 currency pairs, commodities, and indices. This range is broad, covering major, minor, and exotic forex pairs plus popular commodities and indices. The broker's website mentions advanced interactive tools and charting capabilities, but it does not name the trading platforms (e.g., MetaTrader 4/5, cTrader) it supports.
Without clear platform details, traders cannot verify execution quality, available order types, or compatibility with third-party tools. The lack of transparency around trading technology is a concern for potential clients.
Target Audience
DailyBrokers appears to target retail traders, particularly those comfortable with high leverage and speculative trading. The tiered account structure suggests it aims to accommodate both smaller traders (Essential) and high-net-worth individuals (Premium). The Spanish-language website indicates a focus on Latin American or Spanish markets.
Given the severe risk score and absence of regulation, this broker is unsuitable for conservative or risk-averse investors. It may appeal to experienced traders willing to accept significant risks in exchange for high leverage, but due diligence is strongly advised.
Overview compiled by FXCanary from regulatory records and public data. full DAILYBROKERS review