The apparent online broker Daxiron sells itself as a reputable provider for online trading with ETFs and CFDs. However, there is increasing evidence that there are serious abuses at Daxiron. More and more traders report telephone terror, rip-offs and investment fraud in connection with Daxiron. Traders have lost all the money they invested with Daxiron. Serious doubts are spreading. Meanwhile, many Daxiron traders feel that it is an investment scam. The Daxiron website is still up and running. All Daxiron traders are asking themselves whether they have become victims of investment fraud? And what can Daxiron traders do if the suspicion of investment fraud is substantiated? Will the Daxiron traders get their money back? Does it make sense to file a criminal complaint against Daxiron with the police? Where can I get help in case of investment fraud?
Daxiron: Online Trading Experience
What experiences have traders had with Daxiron? This can be read in numerous forums. Traders mainly report very bad experiences with Daxiron. In English-language reviews of Daxiron, one also reads about bad experiences. It is not even possible for traders to delete their account with Daxiron. What was your experience with Daxiron? Were you able to close your Daxiron account?
Daxiron: Hide-and-seek domain entry!
Remarkable for the business practices of the Daxiron makers is that the website does not contain any imprint with full details of the legally responsible operators of the website. If one looks at the corresponding domain data of the website www.daxiron.com, one finds no reference to the operators there and finds that the website was only registered on 05.04.2021 and that the real domain owners are hiding behind the Icelandic anonymisation service Withheld For Privacy Ehf.
Daxiron: Who is behind it?
Many investors will find it rather difficult to answer this question, as the Daxiron makers do everything they can to conceal the true circumstances. This is not unusual, however, as the perpetrators often operate several of these websites with the supposedly same business model and quickly put them online, but also shut them down again just as quickly. In many cases, the top-level domain is also frequently changed, possibly in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? On the website www.daxiron.com there is only scanty information about this. At the end of the website, there is only the following note:
Synnfrey Sol Ltd.,
8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica
Dominica (officially Commonwealth Dominica) is an island nation in the Lesser Antilles in the eastern Caribbean, which is very popular with offshore companies due to its lax legislation and is often used by criminals for shell companies. However, 8 Copthall in Roseau is well known to financial investigators because it is still home to various shell companies engaged in cybertrading. Synnfrey Sol Ltd. can indeed be found in the Dominica Companies Registry and was registered there on 29.09.2020.
Daxiron: The customer acquisition of the investment fraudsters
The same approach can be found here again and again: In order to attract new customers, Daxiron offers are advertised in all possible media and channels. For example, advertisements are placed in social media such as Facebook. Most of the time, these recommendations are false information. They upload image films on Youtube or Vimeo in which interested parties are convinced with false references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". At the same time, a mostly aggressive affiliate programme is started to motivate others to advertise intensively for Daxiron.
Daxiron: Criminal business practices!
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their many years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Investors usually start with a small amount of money. Beforehand, investors are often motivated to install remote maintenance software, such as "Anydesk" or "Teamviewer", on their computers so that assistance can supposedly be provided with the first steps. In many cases, the computer is manipulated afterwards and unwanted transactions are carried out. In the process, the investment fraudsters often also gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. Sometimes even small sums are paid back to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?
Daxiron: Repayment of the money will be subject to conditions
However, an exit is then usually no longer possible; rather, repayment of the money is linked to further payments. This is where the employees come in, claiming alleged tax debts and commission payments. These would first have to be settled, then the alleged profits would be paid out. For this purpose, tax and commission invoices are sent to the investors, which are often decorated with fake coats of arms and, of course, have to be paid urgently. However, it is never possible to offset them against the supposedly achieved profits. If one refuses to make these further payments, the supposed profits are often turned into losses and the customer is harmed to the maximum. However, this is usually not the end of the horror. Investors are often permanently confronted with calls from other dubious providers, which indicates that the investors' contact details are further traded among the investment scammers. In the end, the "saviour" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course the "saviour" also wants a small fee - in advance!
Daxiron: Is it investment fraud?
The Daxiron trading platform is not regulated. Daxiron lacks the authorisation of a recognised European supervisory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Similarly, there is no authorization from the Swiss Federal Financial Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is hard to overlook the fact that Daxiron is a scheme of capital investment fraud. All investors harmed by Daxiron are advised to consult an investment fraud lawyer as soon as possible.
Daxiron: Where do the fraudsters operate?
Unfortunately, the illegal activities of Daxiron were not limited to the English-speaking world. Because Capital Swiss also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
Daxiron: Investors want their money back!
The constellation is far more promising than it appears. The aggrieved traders can take action against the investment fraud and demand the return of the money they invested. At the moment it is not likely that the Daxiron investment fraudsters will be caught soon, but there is still reason to hope. Hope because the money flowed through accounts provided by reputable financial institutions. Their managers apparently failed to check the traders' deposits, some of which were high and therefore subject to controls, and their onward transmission for illegality. Such omissions made the investment fraud possible in the first place.
Daxiron: They want their money back! How does that work?
Equipped with this knowledge, the interested parties would not have got involved in an investment with Daxiron. Now the only option left to them is to try to recover the money they invested. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Definitely yes! There are numerous legal bases to fall back on. The generic term is "money laundering". When investment fraudsters collect money, the offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where we come in if there is a good chance of success. Relevant questions must be clarified beforehand. To which destination did the money embezzled by Daxiron flow? Are there realistic prospects that the defrauded investors will get back the money they invested with Daxiron? What measures are obligatory from now on? You can get the answers to these questions from a lawyer who specialises in capital investment fraud.
Daxiron: Who can help?
What to do in case of investment fraud? What help can victims of Daxiron hope for in the case of investment fraud? Daxiron victims will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your Daxiron case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading also comes into question because he is also familiar with the methods of fraudulent brokers such as Daxiron.
Daxiron: Follow the money trail!
The internationally active investor protection law firm Resch Rechtsanwälte has been pursuing abuses of this kind on the unregulated capital market for over 30 years. Accordingly, Daxiron's modus operandi is nothing really new. Over the decades, Resch Rechtsanwälte has developed a sophisticated arsenal of instruments for tracking down misappropriated investments and tracing the flow of funds. Making funds really disappear is becoming more and more elaborate in the age of the internet. The more swiftly investors follow the money trail, the better the chances are that they can have their money secured. Now it is important that those who have been harmed by Daxiron act immediately.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of Daxiron and want to know if and how you can get your money back,
call +49 30 885 9770 or fill in the questionnaire. You will receive a free assessment of your case.
Let us help you!
+ 49 30 / 88 59 77 0