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Dupoin
Suspected Fraud
Suspected Fraud

Dupoin

🇨🇳
  • Forex
  • Broker
1-2 years
Website

Current Rating

2.93

Industry Tier

D

Profile

Dupoin is a platform that claims to offer trading in forex, commodities, indices, and cryptocurrencies. The official website domain was registered in June 2023. The platform is operated by Dupoin Markets Ltd, registered on Anjouan Island in the Union of Comoros. However, its regulatory status and company background are questionable. Despite using the widely recognized MetaTrader 5 (MT5) platform and offering leverage up to 1:1000 and various trading products, the lack of effective regulation and transparency poses significant risks to investors, who may face considerable financial danger and unclear trading conditions.

Corporate Background and Regulatory Information of Dupoin:

Dupoin's official website is: https://www.dupoin.com/markets/, and the domain was registered on June 6, 2023. The platform claims to be operated by Dupoin Markets Ltd, registered on Anjouan Island, Union of Comoros, with license number 15624, and authorized and regulated by the Anjouan Offshore Financial Authority, with certificate number L15624 / DM. However, no registered information about this company has been found. It is important to note that the Anjouan Offshore Financial Authority is an autonomous institution with questionable regulatory effectiveness. Therefore, the Dupoin platform is essentially unregulated, and investors are advised to exercise caution and avoid depositing funds.

Corporate Background of Dupoin

Dupoin's Account Registration Process:

  • Visit the Dupoin website.
  • Click on the registration button.
  • Fill out the application form.
  • Submit identity and phone number verification documents.
  • Deposit funds and start trading.

Dupoin's Account Types:

Standard Account:

  • Starting spread: 1.2 pips
  • Spread type: Floating
  • Leverage: 1:1000
  • Minimum deposit: USD 30
  • Minimum trade size: 0.01 lots
  • Maximum trade size: 20 lots
  • Margin call/Stop-out level: 100% / 20%

Premium Account:

  • Starting spread: 0.0 pips
  • Spread type: Floating
  • Leverage: 1:1000
  • Minimum deposit: USD 10,000
  • Minimum trade size: 0.01 lots
  • Maximum trade size: 20 lots
  • Margin call/Stop-out level: 100% / 20%
Account Types of Dupoin

Dupoin's Trading Software:

The Dupoin platform uses MetaTrader 5 (MT5) as its primary trading software. MT5 is widely used in global financial markets and is popular for its powerful features and flexibility. Although MT5 provides extensive technical indicators and charting tools to help traders with market analysis and strategy execution, even such a robust platform cannot ensure the safety of users' funds on an unregulated platform. Traders using Dupoin's MT5 platform may face risks like transparency issues and unfair trade execution.

Dupoin's Trading Software

Dupoin's Trading Products:

Dupoin claims to offer various trading products, including forex, commodities, indices, stocks, and cryptocurrencies. While these products may attract different types of investors, the actual trading conditions, market transparency, and fund safety cannot be guaranteed on an unregulated platform. Potential hidden risks include unclear spreads, unforeseen fees, and possible financial losses during market volatility. Investors should be aware of these hidden risks when considering trading on the Dupoin platform.

Dupoin's Trading Products

What are Dupoin's Spreads, Leverage, and Commissions?

Dupoin offers leverage up to 1:1000, which may seem to provide opportunities for amplified gains but also significantly increases potential risks. In highly volatile markets, using such high leverage can lead to rapid loss of funds. Additionally, the platform's details on spreads and commissions are not transparent, implying that investors may encounter hidden costs or unfair trading conditions. High leverage might attract those seeking high returns, but on an unregulated and opaque platform, it acts more like a risk magnifier than a genuine advantage.

What are Dupoin's Deposit and Withdrawal Methods?

Currently, Dupoin only publicly offers one deposit method: bank transfer. The lack of diverse deposit and withdrawal methods not only limits user options but also increases the difficulty of fund management. On an unregulated platform, a single deposit method might result in delays or issues when attempting to withdraw funds. The safety and liquidity of funds are crucial for investors, and Dupoin's significant lack of transparency in this area raises concerns. The platform does not provide specific processing times, fees, or potential withdrawal restrictions, making fund management unreliable and increasing investor risk. Investors are advised to be cautious and consider these potential pitfalls before depositing and trading with Dupoin.

Dupoin's Customer Support:

Email: support@dupoin.com

Conclusion:

Dupoin lacks transparency in several key areas, including regulatory information, trading conditions, and fund management, posing significant risk indicators. Despite the apparent availability of multiple trading products and a powerful trading platform, the unregulated status and opaque deposit and withdrawal methods necessitate extreme caution from investors. The potential risks associated with Dupoin far outweigh its seemingly attractive trading conditions, and it is recommended to conduct thorough research and careful evaluation before choosing this platform. Presently, Dupoin is flagged as a "Suspected Fraud" on TraderKnows.

User Reviews

2.93

Rated by 0 people

All Rating

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FAQ About Dupoin

01

What is Dupoin's official website?

A: Dupoin's official website is https://www.dupoin.com/markets/

02

Is Dupoin a legitimate company, or is it a scam?

A: Dupoin is currently marked as Suspected Fraud on TraderKnows.

03

What is Dupoin?

A: Dupoin is a Forex, Broker company.

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