DracoFX is a Forex and CFD broker owned and operated by Draco Business Solutions, with an address at 305, Griffith Corporate Centre P.O. Box 1510,
Beachmont Kingstown St. Vincent and the Grenadines. Their contact phone number is +44-20-3868-6574 and email address is [email protected]
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DracoFX Trading Platform
Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. DracoFX broker offers the MT4 Trading platform and also the Sirix webtrader. Their max leverage is 1:400
Withdrawal and Deposit Method
DracoFX withdrawal and deposit methods could be carried out by the following means: Visa, Bank Wire transfer, MasterCard. The minimum deposit is $200
License and Regulation
DracoFX is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about most unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.
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Dracofx platform is very risky due to their employees & rules using their platform.
First dealing staff from Dracofx only for pushing to start account, they will say good words and 60% fault information. Of course their job Sales and aim is invest maximum money from client.Their main advantage is bonus, Few trading company only giving 100% bonus. They will give bonus based on our investment same day or next day. But the problem they are hiding from every client we can’t withdraw the money until we have to open number of trade to achieve that bonus, that is main trick and cheat from Dracofx. They will ever never informing to the client, its hidden agenda. Also if you asking to them they will deny and will say other reason for withdrawal like example, Finance team is busy due to so much withdrawal or you Visa/Debit card is block in online due to some reason you have to wait one month or two month meanwhile you open this much trade, as an account manager we will help you to solve the issue immediately, So if you need urgent money to withdraw Dracofx is not good platform.
Find below reasons not invest in Dracofx
1.After our investment our first account manager will contact us anymore, we can’t
reach him also.The second account manager will force all time for more
investment.
2. Their toll free number never will answer. if answer ur lucky person.
3. Their finance ([email protected]), compliance ([email protected])
department will never reply to your email. its only dummy, if you got reply you are
lucky.
4. Your second account manager is more powerful person, he will decide we need to
get withdrawal or not based on his composition. for avoiding withdrawal he will
give nice explanation and bull $#*!.
5. They are hidden policy, you have open more trade based on your bonus and
investment, then only possible to withdraw, it will take time.first time investment
they will not inform you that, even we ask they will deny.
6. When we submit for withdraw, email will receive to us its gonna process, but the
decision with second account manager, he will never ever allow easily unless they
are achieving their commission.
7. They are commission based on our profit, lost and trade open volume, so they will
give some times better advice and some time negative advice to loose our money.
8.They are trading analyst department each supporting their own staff for fooling
clients, if we are complaining, other person will call and act as he is supporting, but
all instruction our second account manager will give to him.
9. They will always push for more investment and more profit but that never gonna
happen.
10. Thier main advantage is 100% bonus and dracofx card, you will never get
dracofx card, the reason they will say its need more time due to security also our
back-end team is busy with more request of card, Here you will not get card, if
you are getting card you will be the one luckiest person.
11. Main thing their employees most of the names fake, they are changing names
and email based on clients. So if we giving negative review against one
employee, they will not use anymore that name gain to other client.
If you still wanna invest in Dracofx follow below instruction for your safety.
1. always record their conversation, cause what they agreeing will not follow. its
better u always have proof.
2.Get all your question and doubt via email before investment. they have to confirm
everything in email, later stage if you wanna complain you should have email and
voice proof also.
3. Mainly in email and phone proof, the question should be withdrawal time, policy
and dracofx card delivery time.
4. Do not follow always account manager for trading, you will loose always.
sometime will get profit.
5. Don’t expect you will get help from other department like finance or management,
you have to always deal with your second account manager.
6. If you investing only basic fund, then trade withdraw one time, then only invest
more for your safety, if you are luck person you will get your money.
7. If you showing them these reviews they will say its competitor, they are updating
negative reviews against dracofx and other stories. I had same experience.
So over all, care yourself, always go for with reference, as per my experience platform is good and user friendly, but staff and rules very bad. Me invest few money until now didn’t get any money even have profit due to account manager and policy.
Here am not mentioning my real name cause my money still with Dracofx. If am getting my money i will review again based on experience.
hi . thanks for your information. i also deposit 200dollars. the first month i earned some. but the second month already passed one week, nothing earn. i follow the manage to buy golds, but now already lost 400 dollars. recently 2 days i sent email to him, he never replied to me.
Dear All,
Great news those who invested in Dracofx and Migrated to AZ Trade and cheated from them, Find out their location and employees details including the pictures. The employee pictures long shoot one but still clarity and recognize the face. I will publish their old and new office place 23 March 2019 also will share employee details and photo 01 April 2019.
Note that their office not in UK, Its in Srilanka. I will get few their employees photo Sunday and publish all photos 01 April 2019.
Whoever cheated by Dracofx may be helpful to recover money below details with links.
Dracofx Staff Review – https://drive.google.com/file/d/1yyK4fwugQbzimMlpwdYmN9vrV5lebGOc/view?usp=sharing
Dracofx Old Location – https://drive.google.com/file/d/1jD4RuLVbaaj4k9JIPwqSYtcFfOjFdPNd/view?usp=sharing
Dracofx Domain Owner Name – https://drive.google.com/file/d/1k9lwmtc7KEOce2cxGfKD5ZbriLrLX6no/view?usp=sharing
Hi All,
Good news whoever cheated from Dracofx forex company. Currently their website not working and cheated investors.
The main company name was “Draco Business Solution” and “Draco Global Limited”. We find out the owner details and his living location including his history and photos as well current forex company name.
“Draco Global Limited” started 08/09/2016 and Dissolved 13/02/2018. They started forex trading 07/09/2016 platform called “Draco Fx”.
“Draco Business Solution” started 30/06/2017 and Dissolved 04/12/2018.
Above both company established in UK the owner name was same, but not UK citizen he is from Sri Lanka.
After both company dissolved they started new forex trading in 03/01/2018, currently running called ** Trades.
Find below both companies dissolved details. I will publish Owner name, history and photos including new company names next week.
Draco Business Solution – Dissolved – https://drive.google.com/open?id=1w3ljkBcOsce40XqSbRcXHu87JR_BPyfO
Draco Global Limited – Dissolved – https://drive.google.com/open?id=1pP9B7udwLrDiBu6aPGlq1oIviG2jqFWC
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