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Dash Prime Review 2024: Reliable or Is the Lack of Reviews Concerning?

Dash Prime Review

In our Dash Prime review, you will learn whether this broker is a reliable choice or whether the lack of reviews should be a red flag. Learn about features, reviews, and overall broker’s operations so you can decide if they’re the right option when it comes to entrusting your funds. 

Dash Prime LLC is a member of several organizations and offers a great sense of security. The broker was established in 2009 in Germany but registered in the US. To learn more keep reading and make sure to check out Zitotrade before committing. 

About Dash Prime

The Dash Prime broker specializes in offering high-net-worth individuals, professional traders, hedge funds, and institutions who trade U.S. options, equities, and futures markets technology, execution, and brokerage services. 

Their low-latency order management system (OMS) enables clients to effectively manage and route their order flow to any exchange or execution provider. It integrates effortlessly with a broad range of industry-leading trading platforms. 

The company is registered in the US and is a member of several organizations that we will talk about later. So far, Dash Prime looks like a sweet catch but further research is required before we deem them safe. So keep reading our Dash Prime review and take a look at Milton Markets as well. 

Company Type Broker
Legal name Dash Prime LLC – (Former name EROOM SECURITIES LLC)
Regulation FINRA, SIPC, SEC, and NFA member
Registered in
  • 200 South Wacker Drive Suite 2400 Chicago, IL 60606
  • 515 North Flagler Drive Suite 404 West Palm Beach, FL 33401
Established 2009
Website dashprime.com
Financial Authorities Warnings
  • No official warnings
Contacts
If a withdrawal is possible Yes
Fees
  • Hidden fees
If Active on Social Media:
  • No
Investor Protection: SIPS $500,000, including up to $250,000 for cash claims
Activity areas United States, Romania, Canada, United Kingdom, Japan;
Main threats Lack of reviews; Lack of transparency;
Main perks Member of several organizations; Investor protection;

Dash Prime Regulation

Dash Prime is an SEC-registered agency-only introducing broker-dealer and is a member of FINRA, NFA, and SIPC. They maintain clearing relationships with Bank of America Merrill Lynch, Apex Clearing Corporation, and MAREX.

Although membership in these organizations improves investor safety, it’s crucial to remember that no system is perfect and there is always some risk associated with investing. That is why conducting research before committing is the only right way to choose a reputable brokerage. 

Dash Prime Features

The broker serves a specific group of traders, that includes professional traders, hedge funds, high-net-worth individuals, institutions, and trading groups. The minimum deposit requirement is $250,000 and that is only one of several funding requirements. Dash Prime offers execution-only services for clients who wish to prime their accounts with other brokers.

With the use of market data, trading activity scanning tools, and real-time risk and margin application, traders may maximize leverage, manage risk, and spot trading opportunities. Access to account performance, trading history, order counts, estimated exchange fees, and fee and cash management are all available through the web-based client reporting system. 

Trading Platforms for Options, Stocks and Futures

Here are the trading platforms included in the broker’s service: 

  • DASH OMS
  • Redi EMS
  • CQG Trader
  • RealTick EMS
  • Sterling
  • Wex WTP
  • Actant ExStream
  • Derivix
  • SpiderRock GUI
  • Silexx
  • Bloomberg EMSX
  • TT X_Trader

Dash Prime Account Types

Account types are different than what other brokers offer, as they are made specifically to cater to traders’ needs. Those account types include Portfolio Margin, Prime Brokerage, DVP, RVP, Pattern Day Trader, Reg-T, Options, Equities, and Futures. 

No matter which account type you choose, the minimum deposit is the same, and the only difference is in your preferences. As a trader, you are responsible for choosing the correct account for your trading needs. 

Dash Prime Pricing

Since several factors determine the commissions and fees the broker charges, traders need to contact customer service or client service groups to discuss specific account requirements and the cost structure.

Dash Prime Reviews

Considering the business was established in 2009, we expected at least several comments. However, there are none. We checked all well-known networks but even after searching the firm online, no results popped up. 

The anonymity of this company is concerning and combined with the lack of transparency, it’s definitely something you should consider when searching for a broker. There aren’t even any discussions on Reddit or similar forums, so relying on reviews is not possible with this broker. 

Payment Options and Process

A huge red flag about this broker is that the payment methods are not disclosed. Neither are the withdrawal options or processes. We even looked at the terms and conditions but unfortunately, the broker hides crucial information that is necessary for traders before depositing funds. 

Brokers who hide this kind of information are not secure and lack huge transparency in their operations, despite being members of several self-regulatory organizations. Sometimes even regulated brokers pose a threat, so make sure to be certain of the firm’s transparency. 

Weighing the Pros and Cons

Pros Cons
  1. Member of Regulatory Organizations
  2. Established Track Record
  3. Diverse Trading Platforms
  4. Wide Range of Account Types
  1. Lack of Reviews
  2. Anonymity
  3. Lack of Transparency
  4. Undisclosed Payment Methods and Withdrawal Information
  5. Limited Social Media Presence
  6. Potential Threats and Risks

Can I Make Money While Trading Online?

In conclusion, Dash Prime is a broker that is suitable for high-net and seasoned traders so if you are a beginner, there are better alternatives to choose from. One of the alternatives we can suggest is AI.F, a potent analysis bot that has many features under its sleeve. 

The bot is capable of processing large amounts of data rapidly and effectively. It can recognize patterns in comparable historical times, process past and present news, and analyze historical statistics, indicators, and asset histories. 

For 14 days for free, you can experience AI.F’s features firsthand and decide whether or not it’s the tool for you. We first want you to try it out and later commit 100% and become a profitable trader instead of committing without knowing what to expect. Call us now and start your journey! 

FAQ Section

What is Dash Prime?

Dash Prime is a brokerage firm that specializes in offering technology, execution, and brokerage services in the U.S. options, stocks, and futures markets, mostly to professional traders, institutions, hedge funds, and high-net-worth individuals.

Is Dash Prime Regulated?

Yes, Dash Prime is a regulated brokerage company. It is an agency-only introducing broker-dealer registered with the SEC and a member of FINRA, SIPC, and the NFA.

How to Choose the Right Trading Broker?

Think about things like available account kinds, regulatory compliance, fee structures, user-friendly trading platforms, and customer service quality when selecting the best trading broker.

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