A brokerage organization, registered in the Comoros Union and based in the UAE, offers traders to start a “seamless trading process” on its platform. According to the official website, the firm is licensed by MISA. However, important details such as the company’s founding date and its history remain a mystery.

Should you trust this project and invest in trading on its terminal or not? In our DuraMarkets review, we will answer your questions about the safety and reliability of the broker in detail.

How to Trade

You can trade on the MT4 platform, choosing instruments from 4 asset classes – Forex, CFDs on commodities, indices, and cryptocurrencies. The intermediary offers clients 4 types of tariffs with the following terms and conditions:

  • Swap-Free account with a deposit from $100.
  • Commissions range from 0-$5.
  • Margin Call/Stop Out – 50%/70%.
  • Negative balance protection.

Additional earnings are possible through an affiliate program. You can accept bonuses of 100% of your deposit.

High leverage of 1:500 indicates the lack of licenses from reputable regulators, which limit its value to 1:30 – 1:50.

You will find on the website a Margin calculator, a blog, a feedback form, and an offer to ask for support via online chat. However, the last option is not available.

DuraMarkets Vital Info

The “Who We Are” section of the site is filled with stock photos and promises to provide clients with “innovative, transparent services.” Meanwhile, this page does not contain any specific information about the project’s founders, start date and managers’ qualifications. As for the domain, it was created in June 2022.

The secrecy of the platform owners caused us to doubt the reliability of this resource. We checked the register of companies incorporated in the Comoros Union. We found Duramarkets Limited there under the number HT00224018 with a license from MISA with the number BFX2024032, issued on March 6, 2024. However, its domain duramarketsltd.com is slightly different from the site of our hero – duramarkets.com. Besides, the headquarters of this organization is located not in Dubai, UAE, but in Chandigarh, India. So, the broker probably is not registered as a legal entity and is hiding behind a license from a third-party company.

FAQ

What are the key facts about DuraMarkets?

The organization with the specified registration number and license number is located not in Dubai, as this broker indicates, but in India. The domain of the official website of the hero of our review does not correspond to the one specified on the MISA portal. The brokerage firm does not show any documents confirming its registration and regulation.

What's the risk to my wallet when working with this broker?

There is no guarantee that the broker actually has the registration and license mentioned on the website. Even if we assume that these two entities are somehow related, offshore regulation still does not inspire confidence. In addition, CFD trading is highly risky and you are very likely to lose all your invested funds here.

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