Abstract:Duo Markets is a forex broker offering various tradable financial instruments including forex, actions, commodities, and indexes. It offers two account types and a demo account through MT4 and MT5 with high leverage up to 1:500. However, it is unregulated.
Duo Markets Review Summary | |
Founded | 2019 |
Registered Country/Region | South Africa |
Regulation | Not Regulated |
Market Instruments | forex, actions, commodities, indexes, cryptocurrencies, and futures |
Demo Account | Yes |
Leverage | Up to 1:500 |
Spread | Starting from 0.0 pips |
Trading Platform | MetaTrader 4 and MetaTrader 5 |
Min Deposit | $20 |
Customer Support | support@duomarkets.com |
24/7 Live Chat |
Duo Markets is a forex broker offering various tradable financial instruments including forex, actions, commodities, and indexes. It offers two account types and a demo account through MT4 and MT5 with high leverage up to 1:500. However, it is unregulated.
Pros | Cons |
|
|
| |
| |
|
Duo Markets is not regulated.
Duo Markets offers many tradable assets mainly including forex, actions, commodities, indexes, cryptocurrencies, and futures.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Crypto | ✔ |
Indices | ✔ |
Shares | ❌ |
Metals | ❌ |
Duo Markets offers three account types: Demo, Standard, and Raw Spread. You can refer to the table for details.
Account Type | Minimum Deposit | Commission per lot | Spread | Maximum trade | Maximum leverage | Fees on Card Deposits & Withdrawals |
Demo | Not required | 0 | According to Account Type | 1000 lots | Up to 1:500 | - |
Standard | $20 | 0 | 0.9 pips | 50 lots | 1:500 | $0 |
Raw Spread | $300 | 7 USD, 6.5 EUR, 6 GBP | 0.0 pips | 50 lots | 1:500 | $0 |
Duo Markets offers spreads starting from 0.0 pips for live accounts, with $0 commissions for Standard accounts and $7 commissions for Raw Spread.
Trading Platform | Supported | Available Devices | Suitable for |
MetaTrader 4 | ✔ | PC and Mobile | Investors of all experience levels |
MetaTrader 5 | ✔ | PC and Mobile | Investors of all experience levels |
Duo Markets requires a minimum deposit of $20 for live accounts. It charges no fees for Card Deposits & Withdrawals.
According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
Starting from January 1, 2025, Russia will implement a comprehensive ban on cryptocurrency mining in 10 regions for a period of six years. The ban will remain in effect until March 15, 2031.
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.