Duplitrade Review 2023 – Facts About Duplitrade Broker

DupliTrade broker is owned by D.T. Direct Investment Hub Ltd based in Limassol, Cyprus. In the business, they are since 2017. 

Moreover, successful partnerships they have with trusted trading companies that are mostly Tier 1 regulated. However, the services that DupliTrade broker provides are automated trading options and copy trading. Our detailed DupliTrade review will show you more.

In addition, we recommend reading our reviews about brokers Capital Index, NextMarkets and FINQ.

Does DupliTrade Operate As A Regulated Broker?

DupliTrade broker is licensed by CySEC. Even if it’s not a Tier 1 regulator, it is one of trust among traders. However, more experienced traders don’t find it attractive. Especially when they know the benefits of having Tier 1 regulation in trading.

DupliTrade offers only a limited amount of assets traded this way. Moreover, some clients already filed complaints regarding DupliTrade broker options.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Licensed brokers provide much more transparency and safety for their clients. That’s exactly why DupliTrade broker is linked to some of the most trusted companies at the moment. 

However, it doesn’t mean necessarily that makes them legitimate and reliable. If you check some DupliTrade reviews, you will find complaints from people about the legitimacy of this platform.

DupliTrade Available Online Trading Platform

Generally speaking, their trading software depends on the broker they are dealing with. Luckily, all of them provide trusted MetaTrader 4. 

Since it’s available for any desktop and mobile device, it is a perfect choice for such trading activity. However, some clients find it unsuitable, due to the limitations of the traders you can follow.

A downside of this collaboration is that some brokers don’t have guaranteed stop-loss. Therefore, trades could be potentially at even higher risk.

What Traders Are Saying About DupliTrade

As can be seen, traders mostly complain about the legitimacy of the platform. On top of that, there are limits on the number of traders you can copy. Check it out yourself on Trustpilot. At the moment of writing, there are 37 comments, whereas 60% of them are 1-star rated.

DupliTrade’s Trading Assets and Instruments

We checked those 12 traders available for copy trading. As we can see all trades are limited to:

• Forex            USD/EUR, USD/JYP, GBP/AUD
• Commodities Gold, Platinum, Oil

The reason for that is the fluctuation in the prices. That way more signals could be provided and more options to trade. Moreover, those are very fundamental types of trading. Brokers should follow market news and updates to react accordingly.

DupliTrade Service Countries

Considering any DupliTrade review, we found that they operate worldwide. Mostly due to the many different brokers they collaborate with. But mainly, clients are coming from countries like:

• United Kingdom
• Italy
• France
• Australia
• Greece

Some countries and brokers have their jurisdictions they should comply with. Therefore, check those before you invest money anywhere.

What Are The Different DupliTrade Account Types?

Account types depend on the cooperating broker. On the positive side, you can open first a demo account with any of these to check how it works. 

DupliTrade services can be used with real money only if you have a live trading account. Some of the entities offering services together with DupliTrade are:

• AvaTrade  $2.000
• IC Markets  $5.000
• Pepperstone  5.000 AUD
• FxPro $5.000
• Fusion Markets $5.000

Free Demo Account

As mentioned earlier, they offer a demo account. Clients are entitled to 500.000 units of virtual funds. That is to say, insane amount and with that big capital, it’s reasonable to make some money. But have in mind that it is not a realistic picture. Especially psychologically, because you are not using real money.

What Methods Of Deposit And Withdrawal Does DupliTrade Accept?

Deposit methods depend on the broker you are choosing. There are multiple options. Important to realize is that DupliTrade doesn’t charge any fees, because they are making money through an affiliate broker. 

On the negative side, clients from DupliTrade trading reviews complained about losing funds. Check those first before you invest any money.

Payment Methods Available

All brokers that work with DupliTrade have a license from the most trusted regulators. Therefore, they provide trusted payment methods. Some of those are:

• Cards                        Visa/Master/Diners/
• Bank transfers          
• e-payments               Skrill, Neteller, PayPal, Trustly, iDeal
• Crypto transfers         BTC, ETH, USDT

However, if you are concerned about anything always use a card transfer. That way you can get a chargeback in the worst-case scenarios.

DupliTrade Terms & Conditions – What You Need to Know

In this case, DupliTrade claims that clients are responsible for any non-trading fees. Any disputes and disagreements with the broker you should process at the court of England and Wales. 

As mentioned earlier, they don’t charge services directly to their clients, but through the broker. Even though they are licensed brokers, some traders raised concerns about these offers.

Leverage, Spreads and Fees

All trading conditions definitely depend on the broker with whom they have an account. As DupliTrade is not a broker directly, they don’t charge any fees for using their copy trading services. Although, we know that all brokers have a license check their trading conditions first. Have in mind that with ESMA rules for trading in the EEA zone, the maximum allowed leverage goes up to 1:30 for retail traders.

What Should I Do If I Have a DupliTrade Problem?

As we could see from DupliTrade reviews, some clients had significant losses. Firstly, share your story with someone. That way you can prevent other clients from being in the same position. After all, reach their regulator for a solution. 

If that doesn’t help, contact our expert team for fund recovery if you think there were issues with that.

Above all, you can get a free consultation with our team. Get in touch today!