Daily Funds Income is a CFD broker with a website domain registered on June 6, 2023. The broker mainly provides investment services in trading markets such as forex, digital currencies, precious metals, commodities, and funds to retail and institutional clients. It does not offer services to countries and regions where such services might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the information published on the Daily Funds Income website, its services are regulated by financial authorities under U.S. jurisdiction. However, the terms of service page states that any litigation arising from its website's terms must be conducted in New Zealand courts, and only there.
Upon verification, no registration under the name Daily Funds Income was found in the records of the U.S. National Futures Association (NFA), the Financial Industry Regulatory Authority (FINRA), or the Securities and Exchange Commission (SEC). Similarly, the New Zealand Companies Register did not show any registered information of this company.
Therefore, Daily Funds Income is suspected of false advertising and operates without any regulatory oversight, essentially making it a scam website.
Account Opening Process
The account opening process for Daily Funds Income trading accounts involves the following steps: Visit the broker’s website, click on "REGISTER NOW" on the homepage or "Join Now" in the top-right corner to access the account registration page. Fill in personal information, including name and email address, and set up a login password. Submit the information and verify the account to successfully complete the registration.
Trading Plans
Daily Funds Income offers users three different types of investment packages: Plan 1, Plan 2, and Plan 3.
Plan 1:
- Trading period: 6 days
- Minimum deposit: $50
- Maximum deposit: $9,999
- Referral bonus: 10%
- Enhanced security
- Potential to double the investment returns
- 24/7 dedicated support service
- Daily return rate: 2.6%
Plan 2:
- Trading period: 6 days
- Minimum deposit: $10,000
- Maximum deposit: Unlimited
- Referral bonus: 10%
- Enhanced security
- Potential to double the investment returns
- 24/7 dedicated support service
- Daily return rate: 3%
Plan 3:
- Minimum deposit: $20,000
- Monthly earnings potential: $5,000
Trading Platform
Daily Funds Income offers its in-house developed trading platform, but it provides limited details and is restricted to the web version.
Deposits and Withdrawals
Daily Funds Income supports deposits and withdrawals through multiple cryptocurrencies.
Conclusion
Traderknows reminds investors that Daily Funds Income is a scam broker that entices investors with promises of high returns, but in reality, it is not regulated. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for investment trading activities to avoid unnecessary financial loss.
Currently, this broker is marked as "Scam" on Traderknows.
