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Duxa Capital Review - is it scam or safe?

Duxa Capital Review - is duxacapital.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz Duxa Capital
Duxa Capital is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account  Min. deposit  Max. leverage Spread
Basic  $500 N/A N/A
Silver  $10 000 N/A N/A
Gold  $100 000 N/A N/A
Platinum  $250 000 N/A N/A
Diamond  $500 000 N/A N/A
Millionaire  $1 000 000 N/A N/A

 

 

Forex and CFD broker Duxa Capital offers its clients as many as six account types. However, it hasn’t made clear any of its trading conditions, and does not hold a legit license. Although this broker shows every possible sign of investment scam, we will still try to point out some potential benefits for its clients, as we always strive to be objective.

 

 

Duxa Capital Advantages

 

Solid choice of CFDs, including cryptocurrencies

For all its faults, Duxa Capital at least offers a comprehensive selection of tradeable assets. The broker’s portfolio includes a lot of forex pairs, as well as CFDs on indices, commodities, indices, precious metals, stocks, bonds, ETFs, as well as cryptocurrencies. Yet, considering that Duxa Capital is not a licensed and reliable broker, you’d better check out our list of licensed brokers offering good selection of CFDs, including on Bitcoin CFDs.

 

 

>> Regulated forex brokers offering Bitcoin <<

 

 

Duxa Capital Disadvantages

 

No corporate clarity, nor financial regulation

Duxa Capital has provided some contact numbers in Switzerland, and the UK, but actually anyone can get a virtual phone number with any country code, so it’s not that important. What matters most is that the company operating the brand is not mentioned anywhere on the broker’s website.

 

This means that Duxa Capital ’s services and website are basically anonymous, and whichever the company behind the brand, it is not regulated. Doing business with unregulated broker is risky, and investing with an anonymous one basically means throwing your money in the trash.  

 

Zero transparency on trading conditions

As we mentioned in the beginning, Duxa Capital has not disclosed essential parts of its offer, such as the reference spreads, maximum leverage levels provided, etc. We always view the lack of such important information like the trading costs as a huge negative, but having in mind the regulatory status of the brokerage, it is no surprising.

 

A test-drive of the broker’s trading platform is also unavailable, so we can safely conclude that Duxa Capital is not transparent with its trading conditions and pricing.

 

MetaTrader not supported, ridiculous quotes

So, we opened a real account with Duxa Capital (without depositing any money) in order to sneak peek into its platform and take a look at what it actually offers. As a result, we got access to some unproven web interface, which we keep seeing, always in the wrong places – offered by shady brokers operating without any proper authorization.

 

Click on the image to zoom in.

 

As you can see from the above image, the spreads are ridiculous. In forex, the spreads are measured by the fourth digit, however, this is not the case with Duxa Capital.

 

High initial deposit required

In order to start trading with Duxa Capital, one has to invest at least $500, which is twice higher than what most brokers ask for as a start. Considering that it is totally unclear who will get your deposit and how it will be handles, it’s best that you don’t invest a single buck with this shady forex provider.

 

 

Conclusion

 

In conclusion, we must most emphasize once again that Duxa Capital is an anonymous website and it operates under no regulatory oversight whatsoever which means the safety of the client's funds is in serious danger.

 

If you want a piece of advice, go with brokers that are licensed by well-established governmental agencies like ASIC in Australia or the FCA in UK. Such exemplary agencies s oversee a brokers’ activities from head to toe with a severe case of diligence, which provides significant assurance for the security of clients’ funds.

 

 

>> Looking for a broker regulated in the UK? <<

 

 

To sum up our recap of Duxa Capital in a few words:

 

Pros Cons
Wide range of CFDs, cryptocurrencies included No corporate clarity, nor financial regulation
  Zero transparency on trading conditions
  MetaTrader not available, ridiculous spreads
  High initial deposit required
   
 

 

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Traders` reviews for Duxa Capital

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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