Duxa Capital Review 5 Reasons Why duxacapital.com is a Scam Forex

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Duxa Capital Review: 5 Reasons Why duxacapital.com is a Scam Forex [BEWARE]

Duxacapital.com Reviews: this is the website of a Forex brokerage that is allegedly based in UK and Switzerland. Is Duxa Capital a legit Forex? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What You Should Know About Duxa Capital

A quick glance at their website, makes one believe duxacapital.com is a good deal. The website layout and design is such that would make investors feel it is genuine platform. Duxa Capital is a Forex brokerage that provides a web-based trading platform that does not support the MT4 trading platform. The required minimum deposit is $500.

Duxa Capital Scam Review- Disturbing Things Found

Though this website looks like the real deal, it is very far from that. From our investigations, DuxaCapital is a sham that aims to lure and dupe unsuspecting investors. Everything from the alleged corporate body to their platform rings scam!. As a result of this, we went further to list out reasons why DuxaCapital is not an idea Forex Platform for you.

Do well to take note, and avoid this lot.

Five Reasons Why DuxaCapital is not an Ideal Forex For You

  • The people behind duxacapital.com are a bunch of anonymous lot that have hid their information so well. Even when we did thorough digging online, we couldn’t come up with vital information about who the owner/owners are. This alone is enough redflag for you to mark duxaCapital Brokerage as Untrustworthy.
  • The required minimum deposit is absurdly high at $500. Why does this seem this people need just this one bite on your money, and then disappear. This could also be the reason why their trading conditions remain undisclosed. Like hello, what are we hiding? Top Secret?
  • They claim to be located in two residence ‘UK’ and ‘Switzerland’. We believe this is just a bait. The people behind duxacapital.com seem to be targeting investors from the European region.
  • Since they claim to be located in the U.K and Switzerland, you would expect proper regulation. But that is not so! When we contacted the regulatory bodies in these two countries for confirmation of Duxa Capital’s license, we were told no broker is licensed with this name. What this means is we are dealing with another online platform offering trading services without a valid license.
  • Lastly, a close look at their website would show no details regarding their license status. Why this platform fails to post their license number remains a mystery.to us.

Advantages Of Duxa Capital

There are absolutely no advantages. Nothing good to write about this platform apart from its well designed platform.

Disadvantages Of DuxaCapital

  • High amount of deposit even with all the six accounts they are offering.
  • When it comes to funding, only three methods are accepted- Bank transfer, MasterCard, and Visa.. But Customers face issues when trying to withdraw their funds. Your money gets trapped!
  • No Demo Acount- No trial for you. You just have to take faith and plunge into the shit hole of make believe.
  • Web based Platform- Not Secured, easily hacked.

Conclusion

Considering the details, we see that Duxa Capital is unlicensed and therefore dangerous to trust with funds. We advise you to stay away as it would only end in tears!

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Duxa Capital Review – 5 things you should know about Duxacapital.com

Beware! Duxa Capital is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Duxa Capital is a Forex brokerage with unclear corporate information. It provides a web-based trading platform but does not support the MT4 trading platform. The required minimum deposit is absurdly high at $500 and not in favor for traders, and further trading conditions remain undisclosed.

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Fix-Trade regulation & safety of funds

As was noted above – the website of the brokerage does not contain clear corporate information. We only come across contact numbers from UK and Switzerland, however, without a company name nor a registered address. Furthermore, the phone numbers in question are not operational. This is a major red flag and exposes the ill-minded intentions of the brokerage. It’s safe to assume that the real company (whatever it is) behind the brokerage does not fall under any regulatory oversight. Furthermore, we warn clients that anonymity is another serious red flag in trading since the reputation of the company is a crucial factor in creating trust between the brokerage and the traders.

Putting that aside, t he probable offshore location of the brokerage, the falsely presented information and the unspecified address highly incline us to suspect that potential clients of the brokerage may be open to substantial risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

Duxa Capital trading software

Putting that aside, the brokerage states that it provides a web-based trading platform. However, the MetaTrader4 is not among the supported terminals which is something we do not highly appreciate. Nonetheless, we attempted to register for a demo account and we were not able. The lack of a test-drive for the platform is another dire disadvantage since we cannot get acquainted with the trading conditions of the broker. We did open a real account without money, however, the web interface appears quite fake and there are no discernible trading conditions. Nor is there any information regarding the spread and leverage on the website of the broker which is another bad sign.

Duxa Capital deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via the standard Visa and MasterCard, as well as bank wire.

There is a staggering lack of information on the website of the broker and we find no mention of withdrawal fees, trading commissions and the like, however, this does not mean that the brokerage might charge some unexpected fees. This is why we always advise traders to put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Unfortunately, the possibility of a scam looms over almost every trade in forex, especially if you are dealing with an unregulated brokerage. That is why we believe traders should be acquainted with the methods of a scam. Here is how it would typically go about:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or Crypto Cash where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The motive here is quite straightforward – traders have a limited time window for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. Furthermore, due to the high instances of fraud – both Visa and MasterCard have decided to sidestep scammers as best they can in Forex trading. The first thing we have seen so far is that MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Duxa Capital Review

All About Forex Broker Duxa Capital

Read Our Full Review Below

Duxa Capital Broker Ranking

Trading Platform

Bonuses & Promotions

Educational Material

Customer Service

Spreads and Leverage

Duxa Capital Review

The internet has made it extremely easy for anyone to trade. You just need an internet connection and a device, like laptop, PC, tablet or mobile, to get you started. But, where will you make your transactions? How will you buy the assets? This is where a broker comes in. This much hasn’t changed with technological advancement; you still need a broker for making your trades, just like you did in the traditional way. This is one of the top reasons why there is such a huge number of online brokers to be found today. When you start looking for one, it is easy to get confused because they all start blurring together at some point.

The offerings seem similar and most people just choose a broker like picking it out of a hat. However, the wrong choice can have long-term consequences. Some brokerages are out to scam people and you will lose your hard-earned money. Thus, you need a good and reputable broker that you can find in the form of Duxa Capital. The broker has been around for a few years and their aim is to provide a top notch trading architecture and environment to their clientele. So far, it has succeeded in doing so. How? They have done so by providing some of the most crucial features that are needed by all traders, regardless of their skill, experience and background. What are these features? Read on to know:

The broker is thorough in regard to security

Security has become a prominent concern of traders nowadays with the number of cyber-attacks on the rise and more and more platforms being compromised. Yes, putting your information on the internet is a risk, but you also want to trade. So, how do you strike a balance? You find a broker that takes security seriously and this is exactly what Duxa Capital does. They are quite familiar with the security concerns and have addressed them thoroughly. The broker has opted to use the highest levels of SSL encryption on their website so every piece of data is encrypted. They don’t allow third parties to get access to the data and even if they do, they will not be able to make sense of it since it is encrypted.

Furthermore, the broker has also chosen to put KYC (Know Your Customer) and AML (Anti-Money Laundering) policies in place. Under the former, anyone who signs up with Duxa Capital has to submit proof of identity by sending a photo of government-issued ID and proof of address by sending a photo of a utility bill or document that shows the address. The purpose is to ensure that only legitimate accounts are created on Duxa Capital. As for AML, it ensures that the broker’s platform cannot be used for laundering money or other illegal activities.

The broker offers a powerful and cutting edge trading platform

The meat of a broker lies in the trading platform it has to offer to its clients. This is the software through which trades are executed and if this doesn’t indicate quality, nothing much is left. Duxa Capital ensures that it doesn’t disappoint its clientele in this aspect. Yes, it doesn’t have the MT4 trading platform, which is the top choice of many brokers, but this doesn’t mean that its proprietary trading software doesn’t measure up. They have worked with developers to create a unique yet powerful trading platform that comprises of state of the art technology.

You will find a desktop version of its trading platform, for both Mac and Windows, and a mobile version that’s compatible with iOS and Android. The most notable thing about the trading platform is that even though it is integrated with some of the top trading tools in the market, it works smoothly and without any lags or delays. In addition, it is very simple to navigate and highly responsive as well as lightweight. It can truly make trading a breeze for newbies and experts alike.

The broker offers comprehensive and rich account options

In order to use a broker’s services, you have to create an account with them. This often frustrates traders because they may not like the account offerings as most are usually limited. Duxa Capital is familiar with how people feel about the account options and so they have put in considerable time and effort to come up with options that can fulfill the needs of different types of traders. You will find four account options available. The first one is Silver, designed for beginner traders as its minimum deposit requirement begins at 500. This can be Euro, GBP or USD, as the broker supports all three currencies. You can choose the base currency for your account and make your deposit accordingly.

The silver account boasts 24/7 customer support, online courses, a senior market consultant as well as market reviews and recommendations. 10% margin loan is also offered. The next option is Gold and is for slightly experienced traders as the margin loan increases to 35% and the deposit requirement to 2,500. Free webinars are added and the recommendations and reviews are given weekly. Platinum account is the third option, which opens with a 10,000 deposit. The leverages are higher as are the trading volumes, risk free trading is available, video library access is granted and margin loan is 50%.

Moving on, the last option is the Diamond account with 50,000 deposit, 100% margin loan, VIP events and exclusive strategies, personal trading coach and VIP consultants and pretty much everything else.

Final Thoughts

These are undoubtedly good incentives offered by Duxa Capital and are certainly not the only ones. The package is completed with the broker offering great customer support, plenty of withdrawal and deposit options and an extensive education center where traders can learn the ins and outs of trading in order to get better. Most importantly, they have a huge variety of assets available for trading from different markets, which enables people to diversify their investment, minimize their risk and maximize their returns.

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