Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Duo Markets

Peru|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://duomarkets.com/

Website

Rating Index

Contact

support@duomarkets.com
https://duomarkets.com/
Unit B, Balmoral Corporate Centre, Sanford Drive, SP 62756, Nassau, Bahamas
https://www.facebook.com/duomarketsES

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Duo Markets also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

CPT Markets

8.20
Score
5-10 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Duo Markets · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument forex, actions, commodities, indexes, cryptocurrencies and futures
Account Type STP & ECN
Demo Account yes
Maximum Leverage 1:500
Spread STP: from 0.5 pips | ECN: from 0.2 pips | EUR/USD: 1.1 pips
Commission N/A
Trading Platform MT4, MT5 and Webtrader
Minimum Deposit no
Deposit & Withdrawal Method Visa and MasterCard, Skrill, Neteller, cryptocurrencies, wire transfers, Pay Retailers, Sticpay, MiFinity, Perfect Money and AstroPay

Duo Markets is allegedly a forex broker registered in Peru that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 0.2 pips on the MT4, MT5 and Webtrader trading platforms via 2 different live account types. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Duo Markets currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.25/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

Duo Markets advertises that it offers access to a wide variety of instruments, which include forex, actions, commodities, indexes, cryptocurrencies and futures.

Account Types

Apart from demo accounts, Duo Markets claims to offer 2 types of real trading accounts, namely STP and ECN. There is no minimum deposit to open an STP account while starting an ECN account requires at least $10,000.

Account Types

Leverage

The leverage provided by Duo Markets is adjusted based on certain assets. The leverage for forex trading is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Leverage

Spreads

All spreads with Duo Markets are a floating type and scaled with the account types and asset classes. For example, the spread starts from 0.5 pips on the STP account and 0.2 pips on the ECN account. The EUR/USD spread is said to be 1.1 pips.

Trading Platform Available

The platform available for trading at Duo Markets is one of the most notable and preferred trading platforms the market offers - MT4, MT5 and Webtrader. The MT4 and MT5 are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & Withdrawal

Duo Markets says to work with numerous means of deposit and withdrawal choices, consisting of credit/debit cards such as Visa and MasterCard, Skrill, Neteller, cryptocurrencies and wire transfers, as well as additional methods like Pay Retailers, Sticpay, MiFinity, Perfect Money and AstroPay. There is no minimum deposit requirement.

Deposit
Withdrawal

Customer Support

Duo Markets customer support can be reached from Monday to Friday from 08:00 a.m. to 10:00 p.m. GMT by telephone: +51 942 723 709, email: support@duomarkets.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and YouTube. Company address: Unit B, Balmoral Corporate Centre, Sanford Drive, SP 62756, Nassau, Bahamas. 201 Church Street, Sandyport Marina Village, Nassau, New Providence, The Bahamas.

Pros & Cons

Pros Cons
• Multiple asset classes and payment methods offered • No regulation
• Demo accounts available
• MT4 & MT5 supported
• No minimum deposit

Frequently Asked Questions (FAQs)

Q 1: Is Duo Markets regulated?
A 1: No. It has been verified that Duo Markets currently has no valid regulation.
Q 2: Does Duo Markets offer demo accounts?
A 2: Yes.
Q 3: Does Duo Markets offer the industry-standard MT4 & MT5?
A 3: Yes. Duo Markets offers MT4, MT5 and Webtrader.
Q 4: What is the minimum deposit for Duo Markets
A 4: There is no minimum initial deposit with Duo Markets.
Q 5: Does Duo Markets charge a fee?
A 5: Like every forex broker, Duo Markets charges a spread fee. While the information on other fees like commissions, deposit & withdrawal processing fees are missing.
Q 6: Is Duo Markets a good broker for beginners?
A 6: No. Duo Markets is not a good choice for beginners. Although its website claims to offer competitive trading conditions, and offers demo accounts on the MT4 and MT5 trading platforms, it lacks legitimate regulation.

Broker Information

Company Name

Duo Markets

Company Abbreviation

Duo Markets

Regulatory Status

No Regulation

Platform registered country and region

Peru

Company website
Company address
  • Unit B, Balmoral Corporate Centre, Sanford Drive, SP 62756, Nassau, Bahamas

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@duomarkets.com

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

4

Comments

Write a review

Noelos24
6-12months
I am not an expert but it claims to be regulated in: DUO Markets is an introducing broker of Eurotrade SA (Pty) Ltd. Eurotrade SA (Pty) Ltd offers execution and custody services for clients introduced by DUO Markets. DUO Markets is a trademark of TUTORES-FX SAC Eurotrade SA (Pty) Ltd is a financial services provider authorized, regulated and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with license number FSP 44351 and registered at 74 Walmer Street, Sydenham, Johannesburg, 2192, South Africa. Connoisseurs please review.
2023-06-27 06:47
Reply
0
0
俺is笑眼君~芬芳的世界
more than one year
Spanish only service? Well, then I can't seem to trade here. Relying entirely on the translator is not an option either.
2023-02-23 11:31
Reply
0
0
Lin.g
more than one year
This Peru Registered Forex Broker claims to be "exceptional" but I see they don't have any regulatory license... so I advise everyone to stay tuned.
2022-12-15 16:31
Reply
0
0
时光流逝
more than one year
Although Duo Markets offers rich trading instruments and attractive conditions, such as 1:500 leverage, demo account... I will not invest with it yet because it does not have any regulatory license. In my opinion, this is not safe.
2022-12-02 09:49
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com