Dualix Review

Dualix Detailed Review – Who Is Dualix Broker And Why To Stay Away

While Dualix broker still doesn’t give up on its CySEC license and claims to have it, the reality is a bit different. It looks like its owner, Maxiflex Ltd, is entirely out of business. Read our Dualix review to find out everything about this and related brands.

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Scammers Websites:dualix.maxigrid.com
dualix.com
Blacklisted as a Scam by:FCA
Owned by:Maxigrid Ltd
Headquarters Country:Cyprus
Foundation year:2011
Supported Platforms:MT4, MT5, Dualix Trader
Minimum Deposit:250 EUR
Cryptocurrencies:Available – BTC, ETH, XRP
Types of Assets:FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage:1:30
Free Demo Account:Yes
Accepts US clients:US traders are not accepted

Is Dualix Regulated? – Why Does It Matter?

Dualix Forex brand is one of the Maxiflex Ltd brands, along with AGM Markets, Maxigrid, EuropeFX, and more. Until last year, the broker had a valid CySEC license, one you can still find on its website. 

However, after being fined in March last year with 75,000 EUR and still conducting fraudulent activities, Maxiflex Ltd’s license was wholly suspended. What does it mean for its brands?

In addition to the above, we strongly advise you not to invest in VNSmart FX Elite Trader and  EUFinance fraudulent brokers.

What’s Wrong With A Trading License?

Dualix’s regulation with CySEC was temporarily suspended at first, so the broker had up to 30 days to stop fraudulent activities. Since they haven’t done so, the license was completely withdrawn for Dualix and AMG Markets, while EuropeFX, EuropeCapitalGroup, and EuropeStocks are suspended.

CySEC stated that the license was withdrawn since the broker appears to “conduct business and/or to be engaged in the conducting business and/or to facilitate the conducting of business not stated in its authorisation.”

Warnings Against Dualix Fraud

Even before CySEC withdrew its license, Dualix complaints came from the UK FCA.

Official Warning Issued by FCA – Evidence of Fraud

Dualix Official Warning Issued by FCA

According to the FCA, Maxiflex Ltd was forbidden to operate in the UK as the company has been using false ads with celebrities promoting its website. The FCA didn’t disclose which celebrities have been used for this purpose, but they have stated it’s all fake promotion. On top, the company was providing high-risk CFD investing against regulatory rules.

Where Is Dualix Trading Scam Active?

Our review has shown that the Dualix trading scam is mainly active in the UK and Cyprus. As the FCA stated back in 2020, the company is promoting itself as a crypto service provider to many UK celebrities, and that’s how they target clients.

Since we’re absolutely sure that there is a good reason for the Dualix broker to lose its license, we want to advise you to be extra careful with this firm.

Dualix Trading Reviews – What Traders Are Saying

Even before CySEC withdrew its license, Dualix reviews were negative. Clients were massively complaining that they had been lured into the scheme through false ads and promised profits. Once they officially lost their license, they figured they were not obligated to follow any rules or approve any withdrawal requests. 

Also remember the names of the EverProTrader , BDI Markets and OPTrust trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Trading Platforms Are Available? – Trading Software

Dualix trading platform remained unchanged – the company offers MT4, MT5, and Dualix Trader. All this with regulated leverage of up to 1:30 and Dualix Demo account at your disposal. 

Since MetaTrader is the most reputable trading platform and trading terms remain regulated, you may think the company cannot do any harm. However, you have no withdrawal guarantees when you invest money with an unregulated scheme.

Dualix Deposit/Withdrawal Methods And Fees

Dualix’s minimum deposit is 250 EUR, and the company allows several payment methods, including:

  • Bank transfer
  • Visa/MasterCard
  • PayPal
  • Skrill
  • SOFORT
  • iDEAL
  • Giropay
  • Bancontact

The same methods are available for withdrawals.

The broker charges a minimum of $7 per lot and a maximum of $12 per lot, plus spreads and bank fees.

You’ll be offered Dualix bonus when depositing, but you should know that it may impact your withdrawals since you need to repay it an unknown number of times.

Dualix Trading Instruments – What Can I Trade?

Dualix offers a solid range of trading instruments, including here:

  • Currency pairs
  • Commodities
  • Indices
  • Stocks
  • Cryptocurrencies

Dualix – Avoid This Trading Scam at All Costs

Since Dualix conveniently forgot to inform clients that it’s not licensed anymore, we advise you to avoid it by any means.

If, however, you’re already involved with this fraudulent firm, it’s time to seek help. Since Dualix proved to be unreliable Forex and CFD trading provider and refuses to process withdrawal requests, you need to get your money back as soon as possible.

If you find that Dualix login is disabled for no valid reason and access to your account is frozen, you should file a report right away. If not, there are no guarantees ever to get your funds back.

Scammed By Dualix Broker? – Talk To Our Recovery Experts

If you recognize yourself in our story of Dualix scam, it’s time to contact us. We’re here to assist in getting a chargeback and refund for you. Don’t let scammers run with your hard-earned money.

Book your FREE consultation via online chat and let’s recover your funds before it’s too late!

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What Is Dualix, And Should I Invest Money In It?

Dualix is an unregulated Forex and CFD trading provider based in Cyprus.

Can I Trade Cryptocurrencies And CFDs With Dualix Broker?

Yes, you can trade crypto and CFDs with Dualix, but it’s not recommended.

Are My Funds Safe With Dualix?

Since the broker lost their license due to fraud, your funds are not safe with Dualix.

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