Daxiron Review

Daxiron Detailed Review

There are many false claims related to Daxiron broker, and we decided to check them out. Starting with the broker’s claim to provide services only to Australian residents to alleged leverage of up to 1:30, we’ve checked what the broker really offers and to whom.

Read our Daxiron review to find out.

Broker status:Offshore Broker
Regulated by:No regulations
Scammers Websites:https://www.daxiron.com/
Owned by:Synnfrey Sol Ltd
Headquarters Country:Commonwealth of Dominica
Foundation year:N/A
Supported Platforms:MT4, web trader
Minimum Deposit:$250
Types of Assets:FX, commodities, indices, shares
Maximum Leverage:1:30 (with ability to increase)
Free Demo Account:Yes
Accepts US clients:No

Daxiron Regulation and Security

Daxiron is a brand of Synnfrey Sol Ltd from the Commonwealth of Dominica. However, it’s hard to tell anything more since we couldn’t find the company as a registered or a regulated entity. Simply speaking, the broker could easily make up some company’s name and add it to its website. We wouldn’t be able to tell the difference.

Therefore, avoid bogus brokers and look for a company regulated by Tier1 regulators such as ASIC and the FCA.

Fund Withdrawal Issues

After looking at a couple of Daxiron reviews, we understand that withdrawing funds from this company is nearly impossible. First of all, the only available payment methods are Visa and MasterCard credit cards, which is rather limiting. Moreover, the minimum deposit Daxiron requires is $250, which is double than regulated brokers’ demand. We do not see any reason to even get involved with this fraud.

And if you do, once you want a payout, your account will be suspended and withdrawals will be blocked.

Beware of the Daxiron scam.

Traders Opinion

Despite claiming to operate in Australia only, we found reviews from Czech Republic, New Zealand, and a few other countries where the broker is allegedly not present. And, as you can already guess, every one of these reviews is related to withdrawal issues.

However, we did notice an increased number of positive reviews lately, which led us to believe Daxiron is buying reviews to cover previous bad ratings on different websites.

Daxiron Reviews

How Does Online Trading Scam Work?

Typically, Forex frauds start from a false ad where clients see what they want instead of what they will get with the broker. After making an initial deposit, the real struggle starts. Gradually, fraudulent brokers such as Daxiron are extorting more funds under different excuses. Sometimes it’s necessary for a good market opportunity, and sometimes it’s a so-called margin call. Yet, you were put in a place of low margin thanks to your fraudulent broker.

When you start asking for a withdrawal, the broker will come up with a million excuses just to block your account in the end. Be careful when trading with illegal offshore operations.

Scammed by Daxiron?

If you were scammed by Daxiron or similar illicit operations, there’s a way to get your funds back. Since Daxiron only allows depositing via credit card, you can always file a dispute and ask for a chargeback.

But what is a chargeback?

This is a way for the bank to return funds from the merchant directly to your credit card. However, you need to provide sufficient evidence for such a thing. Contact our support via online chat, book your free consultation, and let’s get your money back together!

Your Details

Let us know how to get back to you.

How can we help?

Feel free to ask a question or simply leave a comment.

What is Daxiron?

Daxiron is an online trading brokerage without proper regulation.

Is Daxiron a scam?

Daxiron has no regulations for providing financial services, making it an illegal brokerage.

Is Daxiron regulated?

Daxiron is not regulated and not a legit trading brokerage.

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