The FSMA adds DAX40 to its warning list On November 15, 2024, the Belgian Financial Services and Markets Authority (FSMA) added DAX40 to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it. https://www.fsma.be/en/warnings/advertisements-celebrities-spotted-social-media-beware-fraud

BrokersView has reviewed that DAX40 is an unregulated broker DAX40's domain was recently registered in April 2024, making the website relatively new. It claims to be multi-regulated by listing logos of many financial regulators on its page. However, no valid licensing details are provided to substantiate that claim. We have reasons to believe it is fictious. In addition, the Belgian Financial Services and Markets Authority (FSMA) added DAX40 to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it.In essence, DAX40 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.DAX40 appears to be a scam.

Please check DAX40. Dear Investor, Thank you for your message. We believe DAX40 is a scam. DAX40's website, registered in April 2024, is quite new. It claims to be regulated by several financial authorities but provides no valid licensing details, making these claims dubious. Additionally, the Belgian Financial Services and Markets Authority (FSMA) has flagged DAX40 as a fraudulent trading platform and warned investors to avoid it. Therefore, we strongly suggest you avoid using DAX40. For a safer trading environment and peace of mind, it is recommended to opt for fully regulated brokers. View Source