Dupoin Review – Should You Be Scepticle?

Introducing Dupoin, a brokerage platform purportedly offering access to global markets and a set of trading tools. Despite its claims to provide a valuable trading experience, doubts loom over the platform’s regulatory status and reliability. 

Amidst regulatory ambiguity, users are left questioning the trustworthiness of Dupoin and the safety of their investments. Keep reading to find out for yourself if this is a platform you can fully trust.

Dupoin – Is The Company Licensed?

Dupoin is a relatively new brokerage firm established in 2023, operating from the Autonomous Island of Anjouan, Union of Comoros. The company states on its official website that it holds registration by The Anjouan Offshore Finance Authority (L15624 / DM).

It’s important to note that despite claims of Dupoin regulation, users should exercise caution. While AOFA serves as a regulatory body overseeing financial services, Dupoin’s registration with this authority is not readily verifiable. Steer clear from unregulated prop firms, such as NextLevelFunding Review. 

Despite the absence of Dupoin in the official registry, users should conduct thorough research before engaging with this brokerage. The discrepancy between official records and claims of regulation underscores the need for diligence and skepticism when evaluating the reliability of financial services providers operating in offshore jurisdictions.

Relation To Dupoin UK Ltd

In researching Dupoin, an interesting discrepancy emerges regarding its regulatory status and official identity. While the platform appears as Dupoin UK in certain contexts, its official website lists it as Dupoin Markets Ltd. Moreover, the WikFX consulted source indicates that Dupoin UK Ltd is regulated by the FCA, suggesting a connection to the UK regulatory framework.

However, upon closer examination, it becomes evident that the information provided on these platforms may be outdated or inaccurate. The official website, listed as Dupoin Markets Ltd, lacks any mention of regulation by the FCA. Additionally, there are no warnings or alerts from the FCA regarding Dupoin UK Ltd, indicating a potential inconsistency between the platforms and regulatory authorities.

Further complicating matters, there is speculation that Dupoin may have shifted its regulatory jurisdiction to an offshore body, namely The Anjouan Offshore Finance Authority (AOFA). However, despite this speculation, we state again that there is no concrete evidence of Dupoin holding a license from AOFA. 

As a result, without proper regulation, investors are left vulnerable to potential risks and uncertainties associated with unregulated brokerage firms. In light of this, users should exercise caution and carefully consider the implications before engaging with Dupoin or any other financial service provider lacking credible regulatory oversight.

Account Types

The platform offers two distinct account types: Standard Account and Premium Account.

The Standard Account

With spreads starting from 1.2 pips, this account type offers floating spreads, providing flexibility. Traders can leverage their positions up to 1:100, with a minimum deposit of USD 30. The Standard Account is compatible with the app and Dupoin MT5 trading platforms, ensuring traders have access to advanced tools and technologies for successful trading endeavors.

The Premium Account

With spreads starting from 0.0 pips, traders enjoy ultra-low costs of trading, ideal for high-volume trading strategies. Like the Standard Account, the Premium also offers floating spreads, leverage up to 1:100, and negative balance protection. However, the minimum deposit requirement for the Premium Account is USD 10,000, which is a huge difference and captures the ‘premium’ aspect. 

Overall, the Dupoin account types provide traders with the flexibility to choose the option that best aligns with their trading preferences. Whether opting for the Standard Account or the Premium Account, traders can access a set of features and tools.

User Experience

In terms of client feedback, despite some positive testimonials we found, it’s essential to note that Dupoin’s overall user experience is limited by the scarcity of reviews on reliable platforms like Trustpilot. With only two reviews and a score of 3.8, users may not have a real understanding of the broker’s performance and reliability. 

This lack of feedback may be attributed to Dupoin’s recent establishment in 2023. Consequently, users may feel more comfortable opting for brokers with established reputations in the market, where there is a wealth of user feedback and experiences to draw upon.

In the absence of ample user Dupoin reviews, potential clients may perceive Dupoin as a riskier choice compared to more established competitors. Therefore, until Dupoin establishes a more robust presence, users may opt for brokers with a stronger reputation in the market, check out our site for many reliable brokerage firms.

Withdrawal & Deposit Policy

Researching the Dupoin withdrawal and deposit policies reveals that the platform offers two primary methods for depositing funds: international bank transfer and cryptocurrency transfer. International bank transfers allow users to deposit funds in multiple currencies, including USD, EUR, and GBP. This method offers instant execution and is free of charge, providing users with a convenient option for funding their accounts.

When it comes to withdrawals, Dupoin operates withdrawals via bank transfer. However, it’s essential to note that withdrawals can only be made to bank accounts held under the user’s name, in line with security measures and regulatory requirements. Users should also be mindful of potential fees associated with international bank wire transfers, which may be charged by their banks. 

Dupoin App

Designed with valuable features, the Dupoin app offers analysis, charting tools, and account management capabilities, making it the go-to solution for its users. With the app, members already have access to Dupoin login, new users can of course register, create, and manage their trading accounts. They can easily update contact information, manage bank details, and change passwords for enhanced security.

Fund management is simplified with instant deposits to the Dupoin Wallet, zero transaction fees, and seamless fund transfers between accounts, along with straightforward withdrawal submissions. The app provides functionality, allowing users to open trades, place pending orders, and close positions with ease.

Additionally, clients can stay informed in the global market news and analysis directly within the app. With availability on both the App Store and Google Play, traders can access the Dupoin App on their preferred mobile device. Always look for platforms that practice transparency, such as this prop firm Tradiac Review. 

Final Verdict – Dupoin

In conclusion, despite its claims to offer access to global markets, doubts linger regarding its regulatory status and reliability. The platform’s association with various identities, coupled with regulatory inconsistencies, raises concerns about its trustworthiness and the safety of investments. With limited user feedback and regulatory ambiguity, potential clients are advised to approach Dupoin with caution and consider more established alternatives in the market. 

FAQ