Check out our latest communities fighting
AI scams on Reddit and Facebook

website thubmnail of Dracofx

Dracofx

3.5

On SmartCustomer, businesses may not offer incentives or pay to remove reviews. Learn more about our Review Guidelines.

How would you rate Dracofx?
grey stargrey stargrey stargrey stargrey star

Dracofx Reviews Summary

Dracofx presents a mixed reputation among its customers, with notable strengths in customer support and withdrawal processes. Many users praise the responsiveness and professionalism of account managers, highlighting timely deposits and withdrawals, as well as beneficial trading conditions and promotional offers. However, concerns regarding the company's regulatory status and allegations of deceptive practices have emerged, with some customers expressing skepticism about the authenticity of positive reviews. Overall, while a significant portion of clients report satisfactory experiences, potential traders should remain cautious and consider the mixed feedback regarding the company's legitimacy and operational practices.

This summary is generated by AI, based on text from customer reviews

value
1

We monitor reviews for authenticity

Farha a.
AE
1 review
11 helpful votes
Follow Farha a.
Unfollow Farha a.
Share Review
Report Review

Does it really works in UAE ????

Im still thinking about it ????

Please need your feedback about it

Date of experience: June 29, 2018
Singapore
1 review
3 helpful votes
Follow Sachin B.
Unfollow Sachin B.
Share Review
Report Review

Good support
May 31, 2018

Dracofx is a great broker to deal with. Support people are always ready to hold your hand. My managers are polite and well educated. Once, I had problem with my platform and there were more than 3 people to help me out successfully. All the deposits made by me were timely deposited and as well for the withdrawals. It takes around 3 business days to redeem. They have great bonus offers everytime and low spread. You can choose from fixed/floating spreads. Wide range of services. Because of all these things, I have referred too many customers to Dracofx and they are all happy!
Thanking my Account Manager who introduced me to Dracofx.

Date of experience: May 31, 2018
Sri Lanka
1 review
0 helpful votes
Follow Kunal S.
Unfollow Kunal S.
Share Review
Report Review

I trade with Dracofx for over a year now and I am satisfied with their services. The broker is constantly improving their trading Options. I first deposited 300$ with Standard account. As method to deposit I use my bank card also the same system for withdraw. My funds were instantly in the trading account. I applied after that for the 50% welcome bonus,. The platforms MT4 and Sirix work with fast execution of trades, real time prices, and a big plus in my opinion is that the broker is not manipulating the prices. During a trading session I trade from currency pairs ( major and exotic), Crude Oil, Gold/ Silver, Bitcoin and shares from Amazon and Apple. Lately my profit is over 1400$, but at the beginning I was making 400-500$. Is not the same for each month. Also I deposited recently 1500$ to participate to the contest Win a iPhone X. When I had problems with the platform if it crashes or bugs their support team is helpful. For withdraw the broker doesn't have any hidden commissions. I recommend them, honest and reliable broker!

Date of experience: May 30, 2018
Sri Lanka
1 review
2 helpful votes
Follow Sarad C.
Unfollow Sarad C.
Share Review
Report Review

I am Sarad Chaulagain from India.
Today I got the withdrawal of 3800$ from Draco to my Bank: D
I never thought to write a review about the Dracofx till I receive my Withdrawal, by being a trader of Draco I am the Victim for their good support. I have traded with many brokers but non of them are genuine but Dracofx is honest broker where I am trading. Thanks for the support!

Date of experience: May 30, 2018
GB
1 review
0 helpful votes
Follow Sarad C.
Unfollow Sarad C.
Share Review
Report Review

Best Broker For me
May 27, 2018

I am Sarad Chaulagain from India.
I never think to write a review about the Dracofx but by being a trader of Draco I am the Victim for their good support. But I dont know why these people are mentioned bad review against the company without showing any Account informations. I have traded with many brokers but non of them are genuine but Dracofx is honest broker where I am trading.

I trade with Dracofx for over a year now and I am satisfied with their services. The broker is constantly improving their trading conditions. I first deposited 300$ with Standard account. As method to deposit I use my bank card also the same system for withdraw. My funds were instantly in the trading account. I applied after that for the 50% welcome bonus,. The platforms MT4 and Sirix work with fast execution of trades, real time prices, and a big plus in my opinion is that the broker is not manipulating the prices. During a trading session I trade from currency pairs ( major and exotic), Crude Oil, Gold/ Silver, Bitcoin and shares from Amazon and Apple. Lately my profit is over 1400$, but at the beginning I was making 400-500$. Is not the same for each month. Also I deposited recently 1500$ to participate to the contest Win a iPhone X. When I had problems with the platform if it crashes or bugs their support team is helpful. For withdraw the broker doesn't have any hidden commissions. I recommend them, honest and reliable broker!

Date of experience: May 25, 2018
AE
1 review
2 helpful votes
Follow Sultan s.
Unfollow Sultan s.
Share Review
Report Review

Fake Fake Fake
May 17, 2018

DracoFx is unregulated Broker. This site itself less than 2 year old. I don't know how people are trading more than 2 years. All are positive messages are fake.

Please don't believe their fake messages

Date of experience: May 16, 2018
Sri Lanka
1 review
6 helpful votes
Follow JAGAN K.
Unfollow JAGAN K.
Share Review
Report Review

I had an issue with a withdrawal and was actually my bank's fault - as they were holding the money for some weird reason, my account manager actually settled the thing with my bank... they extended the service, where I also doubt them for a while then after they helped me I realized it was the banks mistake banks could have handled it. 5 stars and this is little. This is how serious business is done,

Date of experience: May 15, 2018
NL
1 review
9 helpful votes
Follow Devika R.
Unfollow Devika R.
Share Review
Report Review

Dracofx works fine, I do 4 withdrawals in the last 2 months. Only the latest was longer (5 days instead of 3, but in their range of 1 to 6 days, so its ok)
They are good really good, Everyone knows all the brokers are here only to make money, i got good experience with these guys and comparing to other brokers the servers are not bad. Any ways friends its my opinion draco is good.

Date of experience: May 15, 2018
GB
1 review
8 helpful votes
Follow Jagadhisa K.
Unfollow Jagadhisa K.
Share Review
Report Review

Excellent site
May 15, 2018

I have a positive experience with Dracofx. I have a draco Standard account in USD currency with a first deposit of 200$. I trade during day time, using long term and short term positions. I use currency pairs GBP/USD, USD/CAD, USD/NZD, USD/CHF and USD/JPY. The profit is reasonable 215$ a month. I never experienced money lacking from my account. When I had delays in execution I called the support team and they always address my problem. Till now I am pleased with them.

Date of experience: May 15, 2018
GB
1 review
10 helpful votes
Follow Sanket P.
Unfollow Sanket P.
Share Review
Report Review

Great Site
May 15, 2018

Hey, dracofx is a good company, their customer service is great. I opened a standards account and doing well. Hope they are professional one while noted their communication systems!
I love draco

Date of experience: May 14, 2018
Texas
1 review
8 helpful votes
Follow Varun P.
Unfollow Varun P.
Share Review
Report Review

Hi, my name is Varun and I have 2 accounts with Dracofx, one in dollar and one in Sterling, have been with them about 2 years, I don't really understand the argument here, I never had a problem with them, I manager is been kind in every way, I have bonuses every time I deposit and the Target Points starts again, I made withdrawals more than 20 times and everything was Perfect, when I loose money I know I lost it because of my trading decision not because of them because I also loose in CMC and intertrader,, all the thoughts they give you and advise you about market conditions and analysis is just their thoughts and if you watch CNBC and Bloomberg you will learn that every fund management and financial institution has different thoughts, so blame yourself guys about your decision.
According to me their support is superb and their market analysis is also perfect to make daily decent profits...
Thanks a lot Dracofx and I will introduce my others friends too as I did...

Date of experience: May 14, 2018
AE
1 review
18 helpful votes
Follow AK B.
Unfollow AK B.
Share Review
Report Review

Some people saying positive and some are negative suggestions about this company
How I can take a final opinion?

Date of experience: March 20, 2018
Sri Lanka
1 review
23 helpful votes
Follow Varun C.
Unfollow Varun C.
Share Review
Report Review

I am varun from New Delhi, India. I am working as Civil Engineer in UAE. I also have a account with dracofx since last 2 years. Great for platform traders. Easy to deposit and also easy to withdraw money. Every month they call me and asking how about my trading? Is there is any problem? What i have to say? I have no problem until today. This is a fun company with contests constantly going on. The company says they are the best trading broker in the world. I agree with them whole heartedly. Keep it up dracofx. I love to trade with them. I introduced my 26 friends as of now to dracofx and we haven't face any single issues yet and forever.

Date of experience: February 5, 2018
Sri Lanka
1 review
17 helpful votes
Follow Vicky W.
Unfollow Vicky W.
Share Review
Report Review

I joined Dracofx on September 03 good support from them, I have lost 2500$ in iqoption and Dracofx is the one who help me to recover my lost amount within 2 months, no issues while withdrawals, thanks for Dracofx and my account manager

Date of experience: January 20, 2018
Sri Lanka
1 review
19 helpful votes
Follow Reshma r.
Unfollow Reshma r.
Share Review
Report Review

I always wonder why people start putting bad about the company. When they loss money so let me talk about the incident what happen to me i am the victim. I am a house wife i am from poor family background so badly needed some extra money to look after my family so i came a cross this dracofx i invested all my hard earn money never trusted them. Had the faith on god and invested. Made lot of money with the support of mangers i made many of dollars. My life style changed started to withdraw money invetsed more changed my account type. Everything went well till i started doing alone. Eveything went wrong i got bit excited and i didnt listen to my mangers advise opend more trading then i saw loss purely its my mistake i dont like to put the blame on my manger or the organization all my mistake. I started to open trade alone. Till that i was making very good money paid all my rent childern school fees it was very helpful for me but my account manager never gave up on me slowly recoverd the lost. I am waiting to start with the higher investment again to make more money one of the best broker ever seen. Invested only little money and earn more than 10times than my investment i will never give up on draco best team ever smooth withdraw no trouble or dealy. My name is reshmaroy1975 in social i am the victim of making money and lost because of my hurry i lost my mangers pure profits

Date of experience: January 18, 2018
Sri Lanka
1 review
26 helpful votes
Follow Mahesh j.
Unfollow Mahesh j.
Share Review
Report Review

Best for beginners
January 16, 2018

After reading so many bad reviews I was confused whether to start or no but luckily I got a good accounts manager I was asking him about the the reviews so he gave me a idea about the reviews.So its been 8 months started my trade in Draco upto now I havent faced any issues with my withdrawal, by looking at false reviews it wont give you a good experience. Specially My withdraw came as INR, so as an Indian I havent faced any issue with my country government. Thanks for the support dracofx

Date of experience: January 16, 2018
Sri Lanka
1 review
16 helpful votes
Follow gajan k.
Unfollow gajan k.
Share Review
Report Review

I learned more trading and understood about how to identify scam companies even before i started trading, they still give me good guidelines whenever i request.

Date of experience: January 8, 2018
Sri Lanka
1 review
15 helpful votes
Follow Jamon J.
Unfollow Jamon J.
Share Review
Report Review

Don't blame Dracofx
December 24, 2017

I never thought to right a review about this platform but I was wondering why some traderslike blaming brokers for their loses, it is always vexing me whenever I see traders blaming brokers especially when they blame Dracofx for their loses, but if you dont know how to trade, why did you ignorantly go into trading yourself? Instead of you, to ask for how you can learn how to trade, or you can even learn trading through Dracofx Account with their guidance. I have been trading on Dracofx platform for some time now. When I joined dracofx I knew nothing about trading, which immediately I opened an account with dracofx, my account manager who has been assigned to me called me and he welcome me to their platform and asked me if I know how how to trade which I said 'No' and he introduced me to the Social trading System and gave some tips and I monitored the trading of some traders on the system, I funded my account with $ 2000 and I choose a trader who trades on my behalf, after we reached on the profit and this made me to be an investor, while doing this I went for the trading webinars, which was organized in Online and I also made use of the dracofx E-materials all this helped me in training which made me to now become a professional trader. Now I am a big successful trader. So whoever says dracofx is a scam or dracofx makes him to loose his money should check himself and stop saying things that are true. I have introduced my friends here and they also made good money and they payed the withdrawals at a time as they promised so Do not blame the broker for your silly mistakes and you could have take their support for trading instead of doing it alone. Forgive me If I hurt anyone. I am Jamon from Kolkata India.

Date of experience: December 23, 2017
India
1 review
15 helpful votes
Follow bharanidharan d.
Unfollow bharanidharan d.
Share Review
Report Review

Hello guys this is a fraud company
This guys will never allow u to withdraw the profit
Always ask us to invest
Umar and ahamed both r well trained to cheat us so plz avoid this site
Investing in this company is equal to throughing ur money in sea
Both will never return

Date of experience: December 22, 2017
Sri Lanka
2 reviews
19 helpful votes
Follow Siddarth S.
Unfollow Siddarth S.
Share Review
Report Review

Best Firm to Trade
November 26, 2017

I saw some negative reviews and got scared to start the trading with this firm, After few days again my manager called me and asked me to make the investment, I thought of giving a chance and started finally, Thank god for starting the business with this firm. God is great I am making lot of money now, I am regretting why didn't I start on the first day. I read many reviews saying cheating, Withdrawal problems but I never faced any problems, My manager always forces me to withdraw my money weekly saying he get commission, Never seen a good firm like this. Do not miss this firm its very nice, I thought to put my thoughts, So many people like me would have missed to start with this firm because of some negative reviews. Check me in the social trading under the name of SIDDARTH5878. See how much of money I am earning, Really excellent.

Date of experience: November 25, 2017