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.
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.
I rate the project only 2 points, because the owners of Dura Markets approach the choice of personnel irresponsibly. I could not enter my office on the site yesterday and decided to call support, but the operator answered me very rudely! I agree that this resource is good, the terminal is developed competently, but the traders' opinion about the broker is formed precisely from the impression about the staff work. I think that there is no sense in continuing trading here.
I am worried about the fact that the company has not yet received authorization for brokerage activities in Spain. Consequently, clients have no guarantee in receiving their earnings. However, on the other hand, DuraMarkets has favorable conditions, there are opportunities for earning even for beginners with a low entry, at €10. I trade mostly with profit and I am satisfied with the results.
I express my great gratitude to the broker! The developers of duramarkets.com provided a quality base for a good start in trading. I already had trading experience when I came here, and I got all the resources here so that I could start trading successfully and not lose my balance. I realized right away that the service here is at a high level, the company aims to make the client an experienced trader with stable profits. I assume that this attitude to beginners is because DuraMarkets managers are interested in good earnings of clients, as they earn exclusively on spreads and commissions, which are deducted from traders' profits. A client who has money gives a stable income to the organization, while a trader who las lost his deposit does not give any income to the broker's team. I can't say that this platform has some straight super low commissions and narrow spreads. Yes, they are lower than the average of brokers, but still not zero, because the company has to earn profit. Perhaps, analytics influenced my trading outlook :) However, now I earn profit on DuraMarkets terminal from 700 dollars a month. Taking into account that forex trading is an additional occupation for me, I am satisfied with this income.
I decided to try because here you can start trading with demo or minimum deposit. I had some knowledge about trading, but it was all scattered and I had no practice at all. I thought that I would be able to learn with Dura Markets and earn decent money. In fact, it turned out that this platform works solely on the input of funds. No matter how much money I invested here, I lost it all. I realized that the site is fraudulent and the brokerage firm acts only in its own interests.
I was making good profits at first and funding my deposit. But one day I lost everything. The manager of Duramarkets was able to make me believe that I lost everything myself, that it was my fault I made unprofitable trades and I lost everything. I deposited $3,000 again and followed all the recommendations of the manager and again I lost all the remaining money. I do not recommend this broker. You will be left without money.
The dealer does not withdraw money! I have been waiting for over a month. Apparently, I got into a scam 😦
Managers promise a lot of preferences to beginner traders, but in fact they do nothing. They promised me to compensate my losses on the Duramarkets platform. However, after my request for reimbursement of $670, which was lost due to problems on the broker's side, the manager told me that I should increase my account by a good amount, then I will have more opportunities and losses will be minimized. I started to insist on a refund and refused to top up my account, then they blocked my account, where there was still more than $300 left. This is another scam, the second one in my practice. I incur losses and I do not advise you this platform, which does not work according to the regulations.
This is a fraudulent project from some anonymous crooks, who create constantly their non-existent platforms, using the same template.
The intermediary does not let me down never in trading or with the withdrawal of funds. I have already withdrawn profits repeatedly - there are no delays, the money is paid in full. But tech support is not fast.
The platform does not have any supernatural features. Dura Markets promises innovation, but here everything is exactly the same as the usual crooks have. They offer to work on MT4. I will draw your attention to the leverage - 1 to 500! What profit can we talk about?! If I will have profit, the broker will get huge losses, and then what is the point of its work? So you should not expect any profit trades here. I registered and invested a small amount, £30, then quickly lost it due to the unstable platform. Scammers wait for the deposit and help the trader to waste it. Offshore cesspits are not afraid of anyone - they work uncontrolled...
Cooperation with this intermediary did not give me anything good. I did not make any money, but only lost 865 euros. I do not recommend you this company, look for a better broker
I trade intraday on this platform very actively, for 4 months now. I don't know what disadvantages DuraMarkets has, so far I don't feel any discomfort. Of course, I have certain rules that allow me to avoid certain risks. For example, I don't trade at night or during the news, and I don't postpone trades to the next day. I close all orders before going to bed if the trend has not reached a stop loss or take profit. Spreads are tight on duramarkets.com, they depend on the type of asset, but I trade forex, and I use mainly two currency pairs: EUR/USD and GBP/USD, and for them the tightest spreads are everywhere :) So, I spend very little money on costs. I don't have such experience that I give all my profit to the intermediary. Leverage here on all tariffs is 1:500, I trade with lots from 0.1 and my deposit size is $4,500. I manage to make +20-30% profit to deposit per month thanks to my strategy and my risk management. I try to withdraw no more than 80% of the profit and leave the rest on my account. Although I have been trading with DuraMarkets not so long ago, but so far I have not had any problems with withdrawal. Meanwhile, I decided to switch to this platform because the previous broker began to actively interfere with my trading. Can I recommend this company to traders? Maybe yes, maybe no... You can do your own analysis of the platform, and if you are satisfied with everything, then trade. I am not an expert and can not give recommendations - and I can not decide for you, you have to do everything yourself.
The broker offers a bunch of benefits, which is what lures newbies. I was inspired by the earning opportunities when I registered an account with duramarkets and made not the minimum deposit but €2,000 at the start, but I found out after a couple of hours that the account was empty!!!! This is a scam! The scammers said that they warned about the lack of guarantees of stability of the platform and are not going to compensate anything.
I have been trading Forex for several years, but I became interested in the services of the dubious firm. Managers repeated the promises of big profits, they told me a lot about good working conditions and how cool the software is. I deposited $500 into an account at Duramarkets. I sent an order, described the conditions, then I check and see that my trade was closed at the opening price. I contacted support - it turned out that it was a glitch in the program, and no one cared that I lost profit. Ok, maybe it was an accident - I give a second order. Again a glitch, but I am already in the red. I contacted support and sent them all the screens - the answer is the same, they have no data on such a transaction. Despite this, managers continue to call me and insist that I deposit more money.
This is the most disgusting brokerage company that helps clients lose deposits. I took shares of a Mexican company recently, the price was trending up, but as soon as I placed an order and bought them, the price fell sharply, although the news background was great, nothing negative, according to the report the profitability increased by 30 percent from last year. After I sold these shares with a loss, the price went up again sharply, this is a clear fact of fraud on DuraMarkets. The scammers are doing such outrageous things even though they have a regulator, I don't know why they have not been fined yet for fraudulent price manipulation.
Scam!!! Scammers work for DURAMARKETS, you will realize this as soon as it comes to withdrawing a significant amount of funds. So I applied for a $4k withdrawal two weeks ago, but it was not processed, and then when I started to insist on my funds, the scammers blocked my account :(
Scammers scammed me! I was looking for extra income and ended up losing over $3,520. Managers lured me to duramarkets.com by the fact that it was very convenient to work on a demo account. However, as soon as I funded a regular account, I started experiencing unsuccessful trading sessions. I trusted DURAMARKETS analytics and spent all my money in just 2 trades. Perhaps, there is a chance to make money on Forex if you don't use the advice of crooks. I advise you - stay away from this company if you don't want to give your money to scammers.