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Duvaro

United Kingdom|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.duvaro.io/Home

Website

Rating Index

Contact

+44 2030977009
support@duvaro.io
https://www.duvaro.io/Home
https://www.facebook.com/duvaroio/

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Contact number

English

+44 2030977009

Broker Information

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Company Name

48Power Ltd

Company Abbreviation

Duvaro

Platform registered country and region

United Kingdom

Company website
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Facebook
Instagram

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Warning: Low score, please stay away!
Previous Detection : 2023-11-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Duvaro · Company Summary

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.

Duvaro Basic Information

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.

WikiFX

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.

Account Types

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.

User Reviews

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3

Comments

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FX1222828075
more than one year
Greedy broker. I created an account with them a couple of weeks ago the representative I spoke to told me all I need to do is to deposit $5 000 and he said it's a one-time payment and I don't need to put in more money. But the Professional account manager to which I was assigned is asking me to invest more money over $25 000.
2023-02-17 18:30
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莫笑红颜
more than one year
Scammers.. made the mistake to register me today before pulling out. Fortunately, I didn’t deposit any funds. And since 10 mins after I registered, have received calls from different numbers. One after another.
2022-12-11 11:02
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0
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FX1111716316
more than one year
This Duvaro requires $5,000 to get started, yes, you heard me right! Don’t waste your time or money here, for this broker is totally unregulated.
2022-12-06 16:48
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