Dravixen (dravixen.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 1200 G Street NW Suite 800 20005 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: dravixen.com.
I am in a dispute with Dravixen (dravixen.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Clean UI|Market news feed
Cons: No phone support on weekends
Dravixen (dravixen.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multi-device support|Risk management tools|Regular updates|Real-time alerts
Cons: Currency conversion fee exists
The reporting at Dravixen (dravixen.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Regular updates|Market news feed|Easy withdrawals|No hidden fees
Cons: Wait times can be long during peak hours
The platform at Dravixen (dravixen.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Multiple order types|Reliable uptime
Cons: Would like more payment methods|Minor UI glitches occasionally
The hidden fees at Dravixen (dravixen.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Responsive team|Educational resources|Clear documentation
Cons: Minor UI glitches occasionally|Website design could be more modern
I closed a profitable position at Dravixen (dravixen.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Risk management tools|Automated trading options|Intuitive for beginners|Easy to use platform
Cons: Spreads widen during volatile periods|Help articles are sometimes vague
I found Dravixen (dravixen.com) after my brother mentioned them and the initial impression was positive. But for over three years later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Segregated accounts|Good mobile app|Competitive fees|Fast deposits
Cons: No integrated tax optimization