Daxiron – The alleged online broker Daxiron offers access to the world’s largest financial markets via its website and enables trading with various assets. According to Daxiron, one can trade with shares, commodities, indices or currency pairs. In addition, Daxiron’s offer is suitable for beginners as well as for professional traders.

Update: In March 2022, the lawyers of the Herfurtner law firm discovered that the provider’s website was offline. However, the same provider apparently offers its alleged services as an online broker under the internet presence https://www.dax-iron.com/de/.

Are you currently a customer of Daxiron or are you thinking about investing capital in the near future? Then these questions are certainly essential for you:

  • What can you possibly do as a customer of Daxiron in case of losses?
  • Is the company Daxiron reputable?
  • What experiences have investors had with Daxiron so far?

The lawyers at Herfurtner have compiled the answers to these very questions for you in this article on Daxiron.

Table of contents

  1. Daxiron experiences
  2. Daxiron website
  3. Contact details of Daxiron
  4. Daxiron approval
  5. Warning from financial regulators about Daxiron
  6. Online trading guide
  7. How to act in case of losses?

Parallel to the question of whether Daxiron offers a serious offer, it is important to deal with the basics for promising online trading. Our lawyers will also explain how Daxiron compares to other offers. Furthermore, we stand by investors and support them in questions and disputes in the context of Daxiron.

Daxiron experience

On its corporate website, Daxiron describes itself as a provider of opportunities for all investors, trying to change the way people look at the financial market by setting an example for all. Therefore, Daxiron wants to create a strong foundation from which it is well positioned to achieve future growth.

In addition, Daxiron’s strategic priorities have been and will continue to be different from its competitors. Moreover, Daxiron is focusing on innovation, best-in-class usability and breadth of offering as key elements to increase the activity of active clients on its trading platform.

In addition, Daxiron’s continued focus on innovation will allow it to remain among the first in the market to bring new tools to market that clients want, such as high-profile, newly listed stocks. Furthermore, Daxiron’s website states that as a client of the provider, one can trade in these financial instruments via its own platform:

  • Company shares,
  • Indices,
  • Currency pairs(Forex Trading),
  • Commodities.

According to Daxiron, it is possible to choose from one of three account types when starting online trading: Standard, Premium and VIP. With each of the three options, one can count on the support of a dedicated Daxiron account manager around the clock, five days a week.

Daxiron Internet presence

The original domain www.daxiron.com will be offline in March 2022. The new online presence of the service provider Daxiron is available in English, Spanish and German and can be accessed at https://www.dax-iron.com/de/.

Operating company and trademark

The name of the website, platform or offer is not necessarily identical with the operating company. In the past it has often happened that companies operate in parallel with different trademarks.

In addition, it is common practice for some providers to deactivate the websites of discredited trademarks and return to the market some time later with a new trademark. Therefore, when researching news and statements about a provider beyond the trademark, it is always advisable to consider the operating company.

The respective data can be found either in the imprint or often also in the footer of a website. On the website of Daxiron, information could be found at the time of observation that the provider Daxiron was operated by Synnfrey Sol Ltd.

Background to the domain

Various service providers use their many years of experience to pretend to be reputable. However, such statements are often contradicted by the registration date of the domain. It is therefore necessary to check who the domain holder is and when the domain was registered.

Our lawyers retrieved the facts on the now defunct website daxiron.com on 27.08.2021 with this result: Domain name: daxiron.com Registry Domain ID: 2602951831_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.namecheap.com

Registrar URL: http://www.namecheap.com Updated Date: 0001-01-01T00:00:00.00Z Creation Date: 2021-04-05T13:51:49.00Z Registrar Registration Expiration Date: 2022-04-05T13:51:49.00Z Registrar: NAMECHEAP INC In March 2022, a query of the new domain https://www.dax-iron.com/de/ – still – yielded no results.


According to §6 of the German Media State Treaty (MDStV), the name of the person responsible for the content of the online presence must be displayed in the imprint. In most cases, this is a member of the provider’s management. To name the persons responsible is not only an obligation, but also a characteristic of transparency.

In March 2022, no information on the persons responsible for the content could be found on the Daxiron website.

Imprint information

In the Federal Republic of Germany, according to §5 of the German Telemedia Act (TMG), there are basic obligations to provide information and mandatory details for the imprint. Consequently, this obligation to “identify the provider” applies to all commercially operated websites.

This is because this data is intended to inform the user of a website who he or she is dealing with. Finally, the summonable address of the website owner plays a role in this context, if legal claims are to be enforced against him.

Also relevant in this context is the fact that the obligation to maintain an imprint also applies to foreign providers who conduct their business activities in Germany. In March 2022, there was no legally binding imprint on the Daxiron website.

Daxiron contact details

The following information could be found on the Daxiron website at the time of writing:

  • Address of Daxiron: Synnfrey Sol Ltd,8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica
  • Telephone number of Daxiron: +44-204-571-2650
  • E-mail contact for Daxiron: support[a]dax-iron.com

Daxiron authorisation

The existence of a valid authorisation from an official European financial supervisory authority can be an important criterion for determining whether a company is a reputable provider. This is because a company has to go to great economic lengths to obtain a licence.

However, it does not necessarily have to be investment fraud if a broker refrains from making statements about its authorisation or its regulatory status. The financial supervisory authorities mentioned here are responsible, among others, for issuing licences and supervising financial service providers such as Daxiron:

  • Malta Financial Services Authority (MFSA, Malta)
  • Federal Financial Supervisory Authority (BaFin, Germany)
  • Financial Services and Markets Authority (FSMA, Belgium)

No evidence of regulatory licensing could be found on Daxiron’s website as of March 2022. Interested private investors can discuss what this means in a dialogue with a lawyer from our law firm.

Official warnings on Daxiron

On the subject of Daxiron, our law firm had a warning notice from the UK Financial Conduct Authority in March 2022. This was published on 21/01/2022 and is available at URL: https://www.fca.org.uk/news/warnings/daxiron.

According to the FCA, there is a suspicion that this firm may be offering financial services or products in the UK without regulatory authorisation.

Online Trading Tips

Online trading, as with Daxiron, is the extension of conventional trading in financial instruments to the web. Here, as there, investors act with the aim of making surpluses by buying and selling assets. Trading is no longer limited to shares. In fact, investors can also choose from the following assets, for example:

  • Gold
  • Cryptocurrencies such as Bitcoins and Altcoins, e.g. Tether
  • CFD Trading
  • Money market funds
  • Commodities
  • Investment funds
  • Real estate
  • listed index funds

Online trading is done through intermediaries such as online brokers (like Daxiron) or banking institutions that offer their clients special trading computer software. It is to be expected that in the future there will be more and more private traders who will consider online trading for themselves.

All you need is an internet connection and a computer or a smartphone or tablet.

Advantages of online trading

Digitalisation has also had a considerable influence on the world of finance, especially when it comes to trading like at Daxiron. Due to the technological possibilities, trading has become much faster.

Whereas investors and traders used to have to place their orders by telephone, fax or post, this can now be done at the click of a mouse and with much less effort. Aspects such as the length and type of the trade, pricing and quantities or the details of the account no longer have to be clarified personally between the broker Daxiron and its customer.

At the end of the day, various advantages have become apparent through the possibility of online trading:

  • The speed with which transactions can be processed has increased noticeably.
  • Online traders can access many tools and use different indicators.
  • The risk of losses due to gaps is reduced.
  • Learning documents on online trading, knowledge pools, analyses or trading courses are often offered as standard.
  • Profits are also achievable with a low stake.
  • A large number of tools can be used automatically and directly.
  • Transaction costs have dropped rapidly because there is no need for individual telephone advice.

However, online trading not only provides investors with advantages in terms of the easy-to-understand use of the trading platform. Above all, due to the analysis options, indicators and the many different tools, the investor has noticeably more comfort.

The times when you had to draw your own chart diagrams or make your own calculations are over. Today, trading platforms offer their clients an enormous variety of order types, which online traders can execute themselves with a day trading provider of their preference.

Individual trading plan

Since there are several order types, online traders can tailor a trading plan to their individual requirements and make various settings in this context: Buy entries:

  • Buying is done above the current market price (buy stop orders)
  • One buys at the current market price (Buy Market Orders)
  • One buys below the current market price (Buy Limit Orders)

Sell entries:

  • Sell Stop Orders: one sells above the current market price
  • Sell Market Orders: one sells at the current market price
  • Sell Limit Orders: One sells below the current market price

Exit Orders:

  • One exits at a loss at the moment the previously set price is reached (stop loss)
  • You move the stop loss depending on the development of the price (trailing stop orders)
  • You exit with a profit at the moment when the previously set price is reached (take profit)

Another convenience of online trading from the trader’s point of view is the absence of restrictions. Thus, one is free to choose one’s own trading strategy and adopt one’s own trading style. At this point, there are various approaches:

  • Intraday trading – opening and closing positions within one trading day
  • Automatic trading with robots (“Expert Advisors”)
  • Swing trading – risky exploitation of fluctuating prices
  • Continuous trading
  • Scalping: aggressive, short-term trading in short time intervals

A large number of these trading styles made online trading possible in the first place by eliminating the previously necessary telephone exchange with the broker. Accordingly, one can speak of a trading revolution that builds a bridge between countless private investors from all over the world and the global financial markets.

Investors are well advised to question the extent to which the service provider Daxiron offers precisely these conveniences.

The weaknesses of online trading

Where there is light, there is also shadow, this statement also applies to online trading. Consequently, in addition to the advantages, a number of disadvantages are also apparent, which inclined investors should include in their considerations:

  • Capital investors should already be experienced in trading and pursue resilient strategies.
  • The emergence of fraudulent trading providers has led to enormous risks of loss.
  • Compared to conventional trading, it is rather hectic.
  • If wrong decisions are made, there is a risk of big losses.
  • Investors should keep a constant eye on price trends.

In particular, risky day trading is not suitable for investors who are dealing with the topic of trading for the first time. This is because the danger of misjudging the development of prices is immense, and due to the time pressure it is difficult to make adjustments.

Consequently, this form of trading tends to be suitable for highly experienced or particularly risk-averse investors. If you belong to this group, day trading is a way to generate timely results. In addition, one benefits, for example, from the elimination of fees for holding positions overnight.

Because these costs should also be included in a holistic examination of a financial investment. On top of that, you literally save yourself a rude awakening in the morning if there were rapid and violent price changes. Such “gaps” develop quickly due to negative reporting about a company.

On the other hand, one quickly sees the success if one can report a profit at the end of a trading day. It is also relevant for day traders to compare the trading fees of the different brokers. It may be advisable to opt for a flat rate.

This pays off especially if one trades with increased frequency and separately charged order fees would significantly reduce the surplus.

Recognising dangers

In order not to unnecessarily increase the risks and dangers of online trading, it is recommended to check what kind of service provider one wants to use to trade on the markets. From the experience of our law firm, some questions have emerged that can be used to recognise possible risks.

With reference to the example of Daxiron, these would be as follows:

  • What experiences have other investors already had with Daxiron, what is the prevailing opinion in forums?
  • Did the contact with Daxiron result from an unsolicited telephone call?
  • Are there any warnings from lawyers or law firms who support clients who have suffered losses in connection with Daxiron?
  • Are there any regulatory warnings about Daxiron?
  • Is Daxiron controlled by a European financial regulator and is the provider subject to government supervision?
  • Does Daxiron promise unusually high profits and hide or downplay the risks?
  • Is there an imprint on Daxiron’s website and can credible information on the provider’s place of business be found?

How to react in case of losses

If you fear that you have been defrauded in trading, it is advisable to block additional payments immediately. This is especially true if the trader recommends additional payments to compensate for losses. In addition, one should attempt to recover the lost capital.

In this regard, affected investors can seek investor protection and contact the lawyers of our law firm. Our law firm examines civil law as well as criminal law possibilities and possible claims for damages against the financial provider and against involved payment service providers such as banking institutions.

“A private investor who loses money in online trading is by no means an isolated case. Many investors are misled by the professional behaviour of the providers and only realise too late that they are not responsible for their losses

Our recommendation is therefore not to resign, but to react promptly and actively. Because the prospect of recovering the lost capital is often greater than the aggrieved investors suspect. Would you like to talk to one of our lawyers about Daxiron? Then you can go straight to our contact area here.