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The WikiFX Score of this broker is reduced because of too many complaints!

DUX HOLDING

China|1-2 years|
Suspicious Scope of Business|High potential risk|

https://duxgoldingltd.com/

Website

Rating Index

Contact

info@duxgoldingltd.com
https://duxgoldingltd.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

DUX HOLDING

Company Abbreviation

DUX HOLDING

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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DUX HOLDING · Company Summary

Aspect Information
Registered Country/Area China
Founded Year 1-2 years
Company Name DUX HOLDING
Regulation Suspicious Regulatory License
Minimum Deposit Not specified
Maximum Leverage Not specified
Spreads Not specified
Trading Platforms MetaTrader 5
Tradable Assets Forex, Precious Metals, Commodities, Stock Indices
Account Types Not specified
Demo Account Available
Islamic Account Not specified
Customer Support Email: info@duxgoldingltd.com
Payment Methods Bank transfer, International credit/debit cards
Educational Tools Not specified

Overview of DUX HOLDING

DUX HOLDING is a company based in China that has raised suspicions due to its regulatory license and scope of business. The lack of transparency regarding its regulatory status is a major concern, as it is not registered with reputable financial regulators. This absence of oversight poses potential risks for investors, as there is no independent body to protect their interests. Furthermore, there have been customer complaints about the platform, including pressure to deposit more funds and inaccurate trading signals, leading to losses. These factors raise doubts about the legitimacy and reliability of DUX HOLDING as a broker.

DUX HOLDING offers various market instruments for trading, including forex, precious metals, commodities, and stock indices. Forex trading involves the buying and selling of currencies, while precious metals provide a hedge against economic uncertainties. Trading commodities allows investors to speculate on the future price movements of tangible goods, and stock indices represent the performance of specific groups of stocks. However, considering the concerns surrounding the company's legitimacy, caution is advised when considering engaging in trading activities with DUX HOLDING.

Customer feedback regarding DUX HOLDING's services has revealed challenges and issues. Some customers have faced difficulties depositing and withdrawing funds, with reports of inconvenient processing times and obstacles encountered during these processes. The availability of a demo account allows traders to practice using virtual funds before engaging in real-money trading, but caution should be exercised due to the aforementioned concerns. Overall, the reviews and experiences shared by customers indicate a lack of trustworthiness and reliability in DUX HOLDING's services, raising doubts about its credibility as a broker.

basic-info

Pros and Cons

DUX HOLDING presents both advantages and disadvantages for potential investors. On the positive side, the company offers opportunities in forex trading, precious metals trading, commodities trading, and stock indices trading, allowing investors to diversify their portfolios and take advantage of various market opportunities. Additionally, DUX HOLDING provides a demo account for traders to practice and familiarize themselves with the platform before trading with real money. The company utilizes the MetaTrader 5 trading platform, which offers a range of features and tools for efficient trading. However, there are several red flags to consider. DUX HOLDING has a suspicious regulatory license and scope of business, raising concerns about its legitimacy. There have been reports of customer complaints, including pressure to deposit more funds and issues with the accuracy of trading signals. Furthermore, the unavailability of the official website adds to the lack of transparency and credibility. It is important for potential investors to carefully evaluate these pros and cons before considering any involvement with DUX HOLDING.

Pros Cons
Opportunities in forex, precious metals, commodities, and stock indices trading Suspicious regulatory license and scope of business
Provides a demo account for practice Reports of customer complaints and pressure to deposit more funds
Utilizes MetaTrader 5 trading platform Unavailability of the official website

Is DUX HOLDING Legit?

There are a few red flags that suggest that DUX HOLDING may not be a legitimate broker. First, the company does not have a clear regulatory status. It is not registered with any major financial regulator, such as the Financial Conduct Authority (FCA) or the Commodity Futures Trading Commission (CFTC). This means that there is no independent body to oversee the company's activities and protect investors.

Second, there have been reports of customer complaints about the platform. Some traders have said that they have been pressured to deposit more funds into their accounts, even when they were not comfortable doing so. Others have said that the trading signals provided by the platform were not accurate, resulting in losses.

regulation

Market Instruments

FOREX:

DUX HOLDING offers forex trading as one of its market instruments. Forex, short for foreign exchange, involves the buying and selling of currencies. It provides investors with the opportunity to speculate on the fluctuation of exchange rates between different currency pairs. Forex markets operate globally and are open 24 hours a day, allowing participants to trade at their convenience. DUX HOLDING facilitates forex trading by providing access to major currency pairs, including USD/EUR, GBP/USD, and JPY/USD, among others.

PRECIOUS METALS:

Another market instrument offered by DUX HOLDING is precious metals trading. Precious metals, such as gold, silver, platinum, and palladium, have long been recognized as stores of value and safe-haven assets. DUX HOLDING enables investors to trade these metals, allowing them to take advantage of price movements and diversify their portfolios. Precious metals trading provides an alternative investment avenue and can act as a hedge against inflation or economic uncertainties.

COMMODITIES:

DUX HOLDING also provides trading opportunities in various commodities. Commodities are tangible goods that are typically used in production or consumption, such as crude oil, natural gas, agricultural products, and industrial metals. Trading commodities allows investors to speculate on their future price movements. DUX HOLDING offers access to major commodity markets, allowing traders to take positions based on their market outlook and strategies.

STOCK INDICES:

Stock indices trading is another market instrument offered by DUX HOLDING. Stock indices represent the overall performance of a specific group of stocks, reflecting the performance of an entire market or a specific sector within it. DUX HOLDING provides access to a wide range of global stock indices, such as the S&P 500, FTSE 100, and Nikkei 225, among others. Investors can trade stock indices to gain exposure to broad market trends or to take advantage of specific sector performances.

products

Pros and Cons

Pros Cons
Opportunities to speculate on currency fluctuations Suspicious regulatory license and scope of business
Access to major currency pairs Reports of customer complaints and pressure to deposit more funds
Trading in precious metals for diversification Unavailability of the official website

Account Types

DUX HOLDING provides a demo account for traders who want to practice and familiarize themselves with the platform before trading with real money. The demo account allows users to simulate trading activities using virtual funds, providing a risk-free environment to test strategies and explore the features of DUX HOLDING's trading platform.

Pros and Cons

Pros Cons
Provides a demo account for practice No information about real account types
Allows traders to familiarize with the platform No details on account features or benefits
Simulates trading activities with virtual funds Lack of transparency regarding account options and requirements

Deposit & Withdrawal

To deposit funds into a trading account, customers have the option to utilize bank transfer methods or make use of international credit/debit cards. Similarly, when it comes to withdrawing funds, customers can choose between bank transfer or direct deposit to their credit/debit cards.

However, it is important to note that customer feedback regarding the deposit and withdrawal process at DUX HOLDING has highlighted certain challenges and issues. Numerous customers have reported difficulties in depositing funds into their accounts, and some have even faced obstacles when attempting to withdraw their funds. In addition to these challenges, customers have expressed dissatisfaction with the processing time for deposit and withdrawal requests, citing delays that they find inconvenient.

Trading Platforms

DUX HOLDING offers a Trading Platform powered by MetaTrader 5, which provides a reliable and efficient trading experience. The platform is available for Windows, iOS, and Android devices, allowing traders to access the markets from their preferred devices.

With MetaTrader 5, users can take advantage of a range of features and tools designed to facilitate trading activities. The platform provides a user-friendly interface that enables traders to execute trades, monitor market conditions, and analyze price movements effectively. Traders can access a wide selection of financial instruments, including forex, commodities, stocks, and indices, allowing them to diversify their trading portfolios.

The availability of the Trading Platform on different operating systems, such as Windows, iOS, and Android, ensures that traders can trade on the go, regardless of their preferred device. The Windows version offers a comprehensive trading environment with advanced charting capabilities, customizable layouts, and a variety of technical indicators. The iOS and Android apps provide a streamlined and intuitive interface, allowing traders to access their accounts, execute trades, and receive real-time market updates conveniently from their mobile devices.

trading-platform

Pros and Cons

Pros Cons
Powered by MetaTrader 5 Not regulated
Available on Windows, iOS, and Android No hedging
User-friendly interface No negative balance protection
Wide range of financial instruments No Islamic accounts
Advanced charting capabilities Can be complex for beginners
Customizable layouts Customer support can be slow

Customer Support

Customers can reach out to the Customer Support department via the provided email address, info@duxgoldingltd.com.

Reviews

The reviews of DUX HOLDING on WikiFX highlight several concerning issues. Customers have consistently reported difficulties in withdrawing their funds, with some individuals facing prolonged delays lasting for months. There are allegations of scams involving individuals named Tina from Hong Kong and China, where customers were promised profits but encountered obstacles when attempting to withdraw their money. One reviewer shared a detailed account of their experience, involving problems with customer service, taxes, and government certification, resulting in the loss of a significant amount of money. These reviews indicate a lack of trustworthiness and reliability in DUX HOLDING's services, with customers expressing frustration and seeking assistance in recovering their funds.

reviews

Conclusion

In conclusion, DUX HOLDING raises several concerns that cast doubt on its legitimacy as a broker. The absence of a clear regulatory status raises questions about the company's accountability and investor protection. Additionally, reports of customer complaints regarding pressure to deposit more funds and inaccurate trading signals indicate potential issues with the platform's integrity. While DUX HOLDING offers market instruments such as forex, precious metals, commodities, and stock indices, and provides a demo account and MetaTrader 5 trading platform, its overall credibility is undermined by customer feedback highlighting challenges and delays in depositing and withdrawing funds. The reviews also suggest a lack of trustworthiness and reliability, with customers expressing frustration and seeking assistance in recovering their funds.

FAQs

Q: Is DUX HOLDING a legitimate broker?

A: DUX HOLDING lacks clear regulatory status and has received customer complaints about pressuring deposits and inaccurate trading signals, raising concerns about its legitimacy.

Q: What market instruments does DUX HOLDING offer?

A: DUX HOLDING offers forex trading, precious metals trading, commodities trading, and stock indices trading.

Q: What types of accounts does DUX HOLDING provide?

A: DUX HOLDING offers a demo account for practicing.

Q: How can funds be deposited and withdrawn with DUX HOLDING?

A: Customers can deposit funds through bank transfers or international credit/debit cards, and they can withdraw funds via bank transfer or direct deposit to their cards.

Q: What trading platform does DUX HOLDING use?

A: DUX HOLDING uses MetaTrader 5 as its trading platform, available for Windows, iOS, and Android devices.

Q: How can customers contact DUX HOLDING's customer support?

A: Customers can reach out to customer support through the provided email address, info@duxgoldingltd.com.

Q: What do reviews say about DUX HOLDING?

A: Reviews highlight difficulties in fund withdrawals, allegations of scams, and loss of money, indicating a lack of trustworthiness and reliability in DUX HOLDING's services.

User Reviews

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Droidek
more than one year
I beg you to help me get my money back from this scammer. The girl's name is Anna and she lied to me.
2023-03-14 22:42
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Droidek
more than one year
Please help me get my money back!
2023-03-14 22:34
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asdi1731
more than one year
I have requested this broker repeatedly over the last 5 months but they don't give back my money which is 2600 USD. THIS BROKER IS ONLY A SCAM please beware,
2023-01-29 23:08
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