Daxiron claims to offer the best platform for forex investment. With their aesthetically appealing website, everything looks perfect at first glance. The only risk that comes with investing with daxiron.com is the regulatory factor. It’s clear the platform is not regulated and is an offshore investment entity. These two features don’t give any credibility to the platform. We also haven’t seen any positive mentions from users. And that’s why we have to investigate the platform. Learn more in our detailed DAXIRON REVIEW.
On their about us page, the platform claims to be a provider of opportunities. Their objective and mission are to establish a strong foundation and point users in the right direction. Once you read the info on the about us page, you get the appeal of a professional outfit.
Their business info suggests the platform resides in Roseau Valley. It’s an offshore platform and has no regulatory oversight. There’s no mention on the entire platform of them having a valid license.
Even their web-based platform does not come with important trading features. And this is the reason why we must stay away from the platform. It’s the reason why you will lose your funds in the event of insolvency.
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As far as Daxiron goes, the platform will try every trick in the book to have you sign up. We have seen their marketing tactics which are bullish at best. The call agents constantly harass members to deposit funds with impunity.
To safely invest in trading, it’s best to conduct due diligence before signing up. For example, it would be best if you read reviews before you commit funds to any platform. In addition, we feel it’s our duty to inform users of the rewards and risks that come with forex investment.
Daxiron offers three account types to investors. These accounts include Standard, Premium, and VIP. The one advantage of holding these accounts is the maximum set leverage which is 1:30. In addition, members can raise their leverage after depositing more funds.
Let’s take a closer look at the three accounts and what they bring to the table.
Standard
It’s the basic account on offer and is best suited for newbie traders. The account comes with flexible leverage of 1:30. Spreads are marked as floating, and the minimum lot size is 0.1. The account comes with commissions, and the base currency is EUR and GBP.
Premium
Floating spreads are available, with the member having the power to raise the leverage. We are not sure of the maximum leverage. There are no commissions, and members get a dedicated account manager.
VIP
It's the most exclusive account type with spreads starting from 1.4. You can raise the leverage depending on the ability to invest. The account comes with the same features as the other two in lot size and account managers.
What’s clear with the accounts is that there’s no mention of the allowed minimum deposit. The platform is taking advantage of it, which is a problem. You might deposit a high amount and fail to get the features of the VIP account.
There’s no transparency in the accounting department.
The platform claims to offer a dedicated account manager with each account type. However, there’s no mention of who these account managers are and their qualifications. So naturally, you would want to know the skill set of the person handling your funds.
We believe these are the very same people who call asking for more deposits. The platform hires call agents to act as personal account managers. In most cases, they call you pretending to have a lucrative investment offer.
The agents claim the investment offer is only open to a few individuals. According to them, the offer is only valid for a few hours or days. In the meantime, you have to deposit with them to invest in the new option.
If you mistake investing with them, that’s the last you will see of your funds. These are call agents who earn commissions with every deposit made. Instead, you should only invest in proven platforms that deal directly with the client.
We don't have any details regarding the people behind this platform. Even the account managers' names are not listed on the platform. So the team behind this platform remains anonymous. And this makes it a risky investment platform.
Despite having a physical address, we don’t know who exactly owns the platform. For example, there’s no mention of whether it’s an individual owner or a registered entity. And that’s one of the many red flags we spotted on the platform.
Most of the positive comments you will find on TrustPilot are from invited links. It means the company has a link that anyone can be paid to post positive comments. On the other hand, there is a barrage of scathing comments all relating to withdrawals.
The platform will try and use any trick in the book to block withdrawals. And the platform can also refute claims of funding accounts. So, for example, you might fund your account, and the platform will claim you did no such thing.
On the contact page, things get interesting as we see a UK phone number. You would expect the platform to have live customer support. Instead, you can only leave a message or email them hoping to get a quick response.
Even with the listed phone number, it rarely goes through, and users have to leave a message. However, the platform promises to call you back and will even schedule a meeting. But, unfortunately, that’s the only time you will talk directly to a representative.
When you sign up and deposit funds, the calls start to dwindle. We believe the platform is controlling the communication lines. It makes it easier for them to contact members than vice versa.
Daxiron is not a UK-registered platform as they don’t have a license from the Financial Conduct Authority. As a result, the platform fails to inform users of the impending risks of an unregulated platform.
There’s no oversight making the platform liable to any risks that come with trading. The platform is now free to operate as they please. And this means having to ask for any depository amount they deem necessary.
Investors should note that regulators have set $250 as the acceptable minimum deposit. You should invest with platforms regulated by reputable institutions. These institutions include ASIC, BaFIN, CNMV, CONSOB, CySEC, and the SEC.
The platform has made sure anyone can deposit funds from anywhere. Depository options include bank transfer, MasterCard, Skrill, and Visa. However, what the platform fails to account for is the withdrawal process.
There’s no mention of how long it takes the platform to process withdrawals. And this makes it a huge financial risk to investors. It would be best if you stayed away from the platform since there’s no proof of withdrawal.
Below are the main reasons why we won’t recommend our readers to the platform
These are the reasons why we are against daxiron.com.
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Hi
This daxiron company is full of fraud. BE AWARE FROM THEM. WITH THE GRACE OF GOD ALMIGHTY WE SAVED. THEY TOOK 100 EUROS FROM US AND SHOWED DOUBLE IN A WEEK. AFTER THAT THEY TOLD US TO SOLD YOUR HOME AND WE BECOME MADE YOU BILLIONAIRE. I TOLD THEM TO SEND OUR MONEY BACK. AND THEY USED VULGAR WORDS AND CLOSED OUR ACCOUNT. I AM SORRY BUT I HAVE TO SAY THEM “BIG BUSTARDS”
Daxiron is now DAX-IRON and it s a scam! They stole from us 60.000€ and destroy our lives. My husband is very sick I work for minimum wage wich they know but it doesn’t matter to them
They are steeling money from everybody they can! The police can’t find them, becasuse their names are l**s as well! It s disgussting realy..