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DUO Markets

Operating status: SCAM

Website: https://duomarkets.com/

Broker violations and abnormal records
  • Sep 06, 2022 BrokersView has Reviewed that DUO Markets is an Unregulated Forex Broker

    DUO Markets is not a reliable broker for traders even though it states offers that look good to be true. First, DUO Markets claims to be a registered trademark of the company TUTORES-FX SAC but does not mention any regulatory details of this company. 

    Second, DUO Markets claims it is a white-label introductory broker at INFINOX Capital, which is a registered trading name of IX Capital Group Limited, a company regulated by the Securities and Exchange Commission. of the Bahamas (SCB) under license number SIA-F188. We indeed find a match result to IX Capital Group Limited in SCB. However, please be informed that this is the regulated information of INFINOX, which does not mean that DUO Markets is also regulated.

    Downloading this broker's official MT4 trading platform, we found this broker locates in Peru. As per the information we hold, Peru currently has no regulatory body that issues licenses for forex trading nor regulates entities engaging in forex services.

    The truth is that DUO Markets is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    DUO Markets is not a reliable broker for traders even though it states offers that look good to be true. First, DUO Markets claims to be a registered trademark of the company TUTORES-FX SAC but does not mention any regulatory details of this company. Second, DUO Markets claims it is a white-label introductory broker at INFINOX Capital, which is a registered trading name of IX Capital Group Limited, a company regulated by the Securities and Exchange Commission. of the Bahamas (SCB) under license number SIA-F188. We indeed find a match result to IX Capital Group Limited in SCB. However, please be informed that this is the regulated information of INFINOX, which does not mean that DUO Markets is also regulated.Downloading this broker's official MT4 trading platform, we found this broker locates in Peru. As per the information we hold, Peru currently has no regulatory body that issues licenses for forex trading nor regulates entities engaging in forex services.The truth is that DUO Markets is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.