Dualix Review: Is Dualix a scam? Is it Legit? How much do you know about this broker? Read our review to find out the result of our investigation.
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What is Dualix?
Dualix.maxigrid.com is the website of a CFDs and Forex brokerage, owned and operated by Maxigrid Limited with registration number HE 269879. It is located at Arch.Makariou III 214 Ideal Building, Agia Zonis 3030 Limassol, Cyprus. Dualix is regulated by Cyprus Securities and Exchange Commission under license 145/11.
It was created on 22nd of June 2003 with the aim of providing traders a wide range of trading assets, markets, platforms, and options. This brokerage claims to provide a platform that makes it easy for its users to trade using only a single account.
To our disappointment however, not much information has been discovered on the owners of this brokerage. This implies that Dualix could be anonymous and that is a bad sign.
What Dualix Say They Offer
Dualix claims to offers potential traders the following:
- MetaTrader 4 ( this is available in mobile versions, desktop and web-based.
- Current analysis of the market, product range and pricing.
- An amazing leverage of up to 1:300 and variable spreads of 0.1 pips.
- Availability of Market Maker execution.
- Free demo account.
- Live webinars, education sessions and provision of analysts to help guild you.
- Solid security of funds and personal data
- Customer service support.
Dualix Account Types
Dualix offers its users five different accounts to select from, according to their needs. These accounts come with features like online chat support, access to all trading platforms, access to online education center, seminars, webinars, maximum leverage of 1:30.
These accounts are Bronze, Silver, Gold, Platinum, and Premium. This broker offers a segregated bank account on all account.
Dualix Trading Software
Dualix offers MetaTrader 4 trading platform. This platform includes high speed of DMA/STP order execution, a variety of EAs, trading tools, advanced charting package, 30+ tech indicators and many more.. It is stress-free, convenient and user friendly.
Dualix Withdrawal and Deposit Methods & Fees
This brokerage’s minimum deposit amount is one of the very few cons. The minimum deposit requirement for the most basic account (Bronze) is $1,000. Traders can deposit and withdraw via these mediums: Credit/Debit Card, Neteller, Skrill, WebMoney and Bank Wire Transfer.
We were unable to discover any added fees attached to withdrawal, but it is important to remember, that withdrawal through bank transfer, requires a fee of $30. All withdrawal and deposit methods are executed in within 24 hours, except for bank transfer which can take 3 – 5 business days.
Is Dualix Licensed?
Dualix is registered under the number HE 269879 and licensed by the CySEC (258/14), on the 31th of May, 2011. Its license number is 145/11 . It is also regulated by ESMA.
Unfortunately, we discovered that Dualix is not licensed by the FCA.
COMPARE WITH A TRUSTED BROKER
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
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- Licensed by CySEC
- Regulated by ESMA
- Favourable Trading Conditions
- High Deposit Requirement