Since Duvaros official website (hhttps://www.duvaro.io/block.html) is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations.
General Information
Registered in United Kingdom, Duvaro is an online forex broker offering its clients trading services. Duvaro offers a total of four trading accounts with high deposits, and the maximum leverage available is up to 1:400.
Is Duvaro safe to trade with？
Unfortunately, we feel Duvaro has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.05 out of 10.
Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.
Account Types
Four trading accounts are available on the Duvaro: For Beginners Test, For Advanced Traders, PRO, VIP. The minimum deposits required by this broker is quite high, with as high as $5,000 to open an account for Begin Test, it is clear that this broker is only interested in quickly extracting investors' deposited funds and then disappearing.
Leverage
When it comes to leverage, a key red flag with xx is that it permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators. This is a common practice for unregulated forex brokers, and Duvaro just engages in it to increase its client base.
Trading Platform
Please note that Duvaro fails to offer the leading MT4 or MT5 trading platform, which is big pity.
Customer Support
Traders can reach out to Duvaro about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +44 2030977009
Email: support@duvaro.io
Alternatively, you may keep up with this broker on social media,
such as Twitter, Facebook, and Instagram.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. You can use the leverage to your benefit or to your detriment. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
