Investment Companies

NexDAX

1.5 (13 reviews)
🇨🇦 Canada
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1.5
13 reviews
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About NexDAX

NexDAX has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". NexDAX found at www.nextdax.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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White label of a bad platform

C
Chloe C.
2 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. NexDAX said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Quick verification|API access|Great customer service|Portfolio tracking tools

Cons: Alert system is basic|Limited ETF selection

Signal service was a scam

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Adrian I.
4 months ago

My withdrawal from NexDAX was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I retired last year of being strung along.

Pros: Good analytical tools|Stable platform

Cons: Email notifications too frequent

Nothing but problems since day one

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Ian K.
4 months ago

The mobile app from NexDAX is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Helpful community forum|Social trading features|Comprehensive tools|Reliable uptime

Cons: Would like more payment methods

Licensed in a tax haven only

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Peter C.
5 months ago

I am in a dispute with NexDAX 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: Fast support response|Easy withdrawals|Comprehensive tools|Smooth onboarding

Cons: Some tools only available on higher tiers|Alert system is basic

Commission structure changed retroactively

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Isaac P.
5 months ago

I closed a profitable position at NexDAX 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: Multiple order types|Reliable uptime

Cons: No live chat on mobile|Cannot customize dashboard fully

Total fraud - reported to authorities

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Nicole A.
6 months ago

I want to warn everyone about NexDAX. They have been flagged by Ontario Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Pros: Initially responsive customer service

Cons: Lost entire investment|Reported to authorities|Unresponsive

Something doesn't add up here

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Jessica A.
6 months ago

I was about to invest with NexDAX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Ontario Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.

Cons: Unauthorized firm|Found in IOSCO warnings database

Not what they promise

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Caleb K.
7 months ago

What really bothers me about NexDAX is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.

Pros: Intuitive for beginners|Detailed reporting|Reliable uptime|Automated trading options

Cons: Limited ETF selection

Do your due diligence first

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John K.
7 months ago

For anyone considering NexDAX, please be aware that this company has been flagged by Ontario Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.

Cons: Appears in regulatory warnings database|Uncertain regulatory status

The definition of disappointment

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Ian X.
12 months ago

I experienced a security concern with my NexDAX account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.

Pros: Market news feed|Copy trading available|Dividend tracking|Full transparency

Cons: No phone support on weekends|Inactivity fee applies after 12 months