DuxMarket Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-15 16:01

Abstract：DuxMarket is headquartered in London, England, and its business scope covers Europe, Asia, the Middle East, North America and other places. The products they provide 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. While it is important to note that DuxMarket is an unregulated broker and there have been reports of issues with withdrawals and scam allegations, traders should exercise caution and thoroughly research before engaging with this platform.

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

DuxMarketReview Summary
Founded	2019
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, Precious metals, Crude oil, Indices
Demo Account	✅
Leverage	Up to 1:400
Spread	1.6 pips
Trading Platform	MT4
Min Deposit	$500
Customer Support	Phone: (784) 456-2577
Customer Support	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

Pros	Cons
Variety of financial instruments	Unregulated
Demo accounts available	Unavailable 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.

What Can I Trade on DuxMarket?

Trading Asset	Available
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 Platform	Supported	Available Devices	Suitable for
MT5	❌	Desktop, Mobile, Web	Experienced traders
MT4	✔	Desktop, Mobile, Web	Beginners
Trading View	❌	Desktop, Mobile, Tablets, Web	Beginners