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DuxMarket -

Score

1.53 /10
Danger

DuxMarket

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.duxmarket.com/en

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.12

Risk Management Index0.00

Software Index4.00

License Index0.00

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

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

Broker Information

More

Company Name

DUX Holding Group Limited

Company Abbreviation

DuxMarket

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Disabled website

What happened? The website is disabled.

2020-04-16 11:29
Resolved

DuxMarket gave no access to withdrawal with varied reasons

The request applied on July 16th is still under verification! I was asked to get registered when being tested as a trader. Later, it required me to deposit fund! I figured out that its license is a clone one. I caution you against it!

2020-07-20 21:11
Resolved

Look at the trciks of the teacher who forced by the company to let students deposit money. In the seduction of deposit, the real market actually operates by him is only 5000 dollars

Look at the teacher's various brainwashing to make you excited. In the quiet of wealth code, the trick is to make you deposit quickly, one after another. I believe the teacher too much, the company's routine, I guess the teacher is also forced, Looking at the chat records, students who want to go to training again, don't make a deposit. It is best to ➕ the students who have trained together or who have done foreign exchange.

2022-05-12 17:14
Scam

Do not withdraw and induce fraud

The analyst said that it was difficult for the analysts to withdraw gold. To withdraw gold, you need to use USDT and then remit it to the gold staff to eat red, and then you can withdraw gold. He repeatedly instructed me how to exchange Taiwan dollars for USDT through the exchange. The analyst I will definitely deal with the problem of withdrawing money, and the result is cheating and fraud. I received USDT and did not return my money. I cheated me of my hard-earned money. Don’t be cheated again, such people will receive retribution

2023-04-22 00:59
Unable to Withdraw

Cannot withdraw

Withdraw money in mid-October last year, and the tax was paid. It has been almost five months now, and they have found various reasons not to withdraw money

2023-03-10 21:21
Unable to Withdraw

In the past, it was easy to deposit money and it was difficult to withdraw money, but now the official website cannot directly enter

Customer service The customer service cannot find anyone offline, and even the official website cannot be accessed. Everyone must be careful! ! ! Now the funds in it are completely unavailable, and even the previous account is directly invalid? Very dangerous platform!

2022-07-08 12:21
Unable to Withdraw

Unable to withdraw. Fraud

In mid-October last year, the other party said that they wanted to withdraw money, and they still use various reasons to say that they can’t withdraw money. One is a bad face and the other is a bad face. They just want to eat my funds. There are also several remittance slips, which can only be sent online. 9 pieces and my friend also remitted 400,000 Taiwan dollars from him, but he forgot to send me the remittance slip, and there will be records where they receive the money, please help me, thank you

2023-03-21 11:00
Resolved

Recruit a stock trader and tell you to do foreign exchange, you can make money from both up and down, the platform is a fraud platform and is not regulated, don't deposit money, remember, I have lost tens of thousands of dollars

I went to apply for a job as a stock trader. The teacher gave you a week of training and brainwashing. Every teacher said that he was making money. In the wealth password of making money, Shen Jing never told you about risks. After I deposited money, I found out that I went to another office. I was losing money. Those who didn’t make money thought it might not be so good. It's completely different, the spread fee ➕ handling fee is very high, and then as soon as you enter, almost 20 US dollars per hand is gone, and you don't tell you the size of the position, so you lose money in various ways, and then the teacher let me in, the more The better, they told me to pay 50,000 US dollars. I felt that their teachers showed me that they only invested 23,000 US dollars. My students asked me to do so much. Later, I lost money and said that there is a stage of losing money. I find it strange that their teachers all operate on a formal platform, and let me operate on their small platform. In fact, we use a virtual platform to operate. They are recruiting constantly in the head-pulling mode, and the money for new students is not enough. On the platform, there is a 99% probability that the students will lose money to maintain the operation of the company, which is financing in disguise. Anyway, if you pay the money, you will sign an agreement with you, saying that you will be responsible for your profits and losses, and it has nothing to do with the company. They have designed a set of traps in advance. .

2022-05-12 16:53
    DuxMarket · Company summary

    Note: DuxMarket's official site - http://www.duxmarket.com/en is currently not functional.

    DuxMarketReview Summary
    Founded2019
    Registered Country/RegionUnited Kingdom
    RegulationUnregulated
    Market InstrumentsForex, Precious metals, Crude oil, Indices
    Demo Account✅
    LeverageUp to 1:400
    Spread1.6 pips
    Trading PlatformMT4
    Min Deposit$500
    Customer SupportPhone: (784) 456-2577
    Email: service@duxmarkets.com

    DuxMarket is headquartered in London. Their products cover the entire financial investment field and provide online trading of diversified global financial products such as forex, precious metals, crude oil, and indices through the leading MT4 platform.

    Pros & Cons

    ProsCons
    Variety of financial instrumentsUnregulated
    Demo accounts availableUnavailable website
    Lack of transparency
    Reports of withdrawal issues
    Limited account options

    Is DuxMarket Legit?

    DuxMarket operates without regulatory oversight. Therefore, traders should exercise caution and consider alternative regulated brokers that provide a more secure trading environment.

    No license

    What Can I Trade on DuxMarket?

    Trading AssetAvailable
    forex✔
    metals✔
    commodities❌
    indices✔
    crude oil✔
    stocks❌
    cryptocurrencies❌
    options❌
    funds❌
    ETFs❌

    Account Type

    Apart from demo accounts, DuxMarket only offers a single account type known as the Ordinary account. This account type requires a minimum deposit of $500 to get started.

    Leverage

    DuxMarket provides its clients with leverage of up to 1:400, which allows traders to control a larger position in the market with a smaller amount of capital.

    Spreads & Commissions

    DuxMarket offers spreads starting from 1.6 pips and information about commissions is not specifed.

    Trading Platforms

    Trading PlatformSupported Available Devices Suitable for
    MT5❌Desktop, Mobile, WebExperienced traders
    MT4✔Desktop, Mobile, WebBeginners
    Trading View❌Desktop, Mobile, Tablets, WebBeginners

    Deposits & Withdrawals

    DuxMarket accepts deposits and withdrawals via some popular methods, including Visa, MasterCard, Skrill, and NETELLER.

    User Reviews

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    User comment

    4

    Comments

    Write a review

    FX1209350266
    more than one year
    My trading experience on the Dux Market platform was awful. They didn’t process my withdrawal requests, and always let me wait and wait. Until they all disappeared, I didn’t receive my money…
    My trading experience on the Dux Market platform was awful. They didn’t process my withdrawal requests, and always let me wait and wait. Until they all disappeared, I didn’t receive my money…
    Translate to English
    2023-02-15 13:44
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    慧优体
    more than one year
    I am a trader for 3 years, but recently I learned a lesson from DuxMarkets. They scammed me by manipulating spreads, and they told me it was due to volatile markets. I lost roughly $1300 here, funny!
    I am a trader for 3 years, but recently I learned a lesson from DuxMarkets. They scammed me by manipulating spreads, and they told me it was due to volatile markets. I lost roughly $1300 here, funny!
    Translate to English
    2022-12-19 12:30
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    8