Duvaro Review- Scam or Legitimate Forex Broker

duvaro.io

Duvaro  Review – Legit or Scam Forex Broker

Through Duvaro’s trading platform, users can access 450 tradable assets across 5 distinct asset classes.

What can I do with Duvaro?

With Duvaro, users can trade CFDs on a range of stocks, forex pairs, cryptocurrencies and more. Duvaro is a new Forex broker who started to help traders succeed by offering the latest technology in thetrading platform along with attractive offers, like commission-free trades with tight spreads.

Similarly, there are no transaction fees and you can also open a free demo account to start honing your trading skills without risking your money.

Duvaro markets, assets, and options
What assets and products can you trade on Duvaro?
Duvaro lets you trade top currency pairs, such as AUD/USD and EUR/USD, stocks like Amazon and Apple, as well as indices, commodities, and cryptocurrencies. All trading on Duvaro is done using CFDs (Contracts for Difference). The assets available to trade are listed below.

PRODUCT (CFDS) OFFERING

  • Forex 55
  • Cryptocurrency 6
  • Stocks 64
  • Indices 11
  • Metals 4
  • Commodities 3

What leverage trading options are there?

Duvaro offers variable leverage settings depending on the instrument you are trading. For example, the maximum leverage offered is 1:300 for forex and metals, which is high compared to other similar brokers.

Please keep in mind that trading with leverage carries additional risk and should only be done after you have gained some experience and are sure of what you are doing when trading in the markets. The leverage available on Duvaro depending on each asset is outlined below

Fees, limits, and payment options on Duvaro

What are the deposit and withdrawal fees, limits, and speeds?

Duvaro enables you to make deposits directly in Bitcoin, which is the main deposit method. Alternatively, you can also use deposit funds via a debit or credit card. The fees and limits associated with both of these payment methods are included below.

How much are Duvaro’s fees and commissions?

Duvaro offers to charge fixed commissions. This is common in the industry. This means that the service is advertised as having ‘no fees’ but you’ll still be paying a little over the market rate when making trades.

Duvaro trading platform

Duvaro Mobile Trading platform

Duvaro Mobile Trading platform

What devices can I use Duvaro on?

Duvaro offers the popular Easytech trading platform, which is available in your web browser, downloadable onto your desktop, as well as to your iOS or Android mobile device. This means you can use Duvaro on:

  • Desktop computers
  • Tablets
  • iOS Mobile Devices
  • Android Mobile Devices

Can I use Duvaro in my country?

Duvaro operates within the laws and regulations of Nevis and is available in over 180 countries and territories, including the United Kingdom, Spain, Germany, and France among many others.

Is Duvaro available in my language?
Duvaro is only available in the English language at this time.

How easy is it to use Duvaro?
Duvaro is a no-frills Forex broker which offers a widely known and used trading platform – as such it is easy and intuitive to use as long as you’re familiar with web traders in general

The trading dashboard is easy to use and familiar, if not a bit dated in its appearance. Nevertheless, it allows you to sign up for a free demo account and learn how to set up trades in just a few simple steps before trying your hand with real money on the line. The mobile trading dashboard is consistent with the web/desktop versions and you can perform all the same functions, making for a seamless trading experience geared towards beginners and novices.

Key features
Duvaro is a relatively simple broker with some clearly distinct features and a focus on environmentalism. Here are the three most notable aspects of Duvaro.

Multiple Account

you have the options to choose a trading account that meets your leverage requirements for your trading strategies

0% Commission Account 

This no fixed fee account means that you can use the entire amount you deposit to trade. With spreads also being kept low across the 170+ tradable assets.

450+ Tradable Assets Across 5 Asset Classes

Trade major, minor, and some forex pairs, domestic as well as some international stocks, top global indices, metals, commodities, and even USD Dollar futures at 0% commissions and low spreads.

Security and regulation

Is Duvaro safe?

Duvaro offers 129-bit encryption to data being transmitted between traders and servers and also employs back up systems and contingency plans to minimise the possibility of system failure, with trading via telephone also available.

Am I and my funds protected?

Duvaro is not an insured exchange with any recognised authoritative body and as such, your deposited funds are not guaranteed in any way.

Is Duvaro regulated?

No, Duvaro is not a regulated exchange with any regulatory body.

Do I have to verify my account with Duvaro?

Yes, you just need to enter some very basic personal information, such as your full name and email address in order to open a new account. Alternatively, Duvaro also gives you the option of signing up with your existing Google or Facebook account. There is a requirement to provide a photo ID and proof of residence as well as proof of payment to comply with the AML regulations

Educational resources

Duvaro doesn’t currently have a huge amount of educational resources available on its website, keeping consistent with its simple, no-frills style.

However, there is a FAQ section, which further elaborates on how to use the broker’s features and answers some basic questions.

Tools and charting

Duvaro offers the well known easytech Web Trader platforms to its clients, which come loaded with numerous built-in trade indicators allowing you to analyse the market from multiple angles. 9 timeframes and a nearly unlimited number of dynamic charts, and financial news and alert tools so you can stay up to date on the latest market developments.

Customer support

The Duvaro support team is available any one of three ways: 24/7 live chat support in the browser, by requesting a call back at a convenient time and day or by reaching out via email/web form.

If you choose the last option, a support team member should get in touch with you within 24 hours.

Our verdict on Duvaro.io

Duvaro is a newly launched entrant in the online forex broker field. It aims to entice traders over by offering 0% commission trades with low spreads, a free demo account, and familiar trading platform.

The primary components currently lacking from Duvaro’s platform when compared to other brokers are educational resources and a variety of assets. There are currently no free educational resources to help brand new and novice traders learn best practices, and while there are 450 assets available to trade, other brokers often provide access to more.

If Duvaro implements these over time, as is likely with the company being so new, then it will be a good option – especially for environmentally-minded investors. As it stands, the broker offers decent coverage, the trading platform, and the ability to pay with Bitcoin.

duvaro homepage

duvaro homepage

Duvaro  FAQs

who owns Duvaro

Duvaro is owned by power48 located in Nevis.

Account & Banking

How do I open an account?

Open an account by going to our website: https://www.duvaro.io

All you have to do is fill in the information in the box that says OPEN ACCOUNT. Once this is done, click on OPEN A REAL ACCOUNT which will take you to a page that says REGISTER ACCOUNT, fill in your details, create a password, check the terms and conditions box and all other related boxes then click on CREATE MY ACCOUNT.

On the PERSONAL DETAILS page, fill in the information and click the CREATE MY ACCOUNT button. You are now on your personal home page and can make a deposit online using your credit card. All you need to do if complete the DEPOSIT INFORMATION and click on the DEPOSIT NOW button. ”

What types of accounts do you offer?

Duvaro offers various types of accounts which you can select according to your needs. While the majority of our services are available to all accounts, there are certain exclusive services offered only to our VIP traders. Please take a look at our Account Types page for more information.

How do I deposit money?

Duvaro offers you various methods to fund your account including Credit Cards, Cryptocurrency, and Wire Transfers. In order to deposit funds into your trading account, please log in to your account with the e-mail and password you provided in the registration. In the Members Area, click the “Deposit” tab to pick your preferred method from the dropdown menu and follow the instructions.

What are the minimum and maximum deposit amounts?

Opening a Duvaro trading account requires a minimum deposit of $250 or an equivalent amount in your preferred currency. You can deposit up to a total of $10,000 with various credit cards in a single day. There is no limit to the amount you can deposit with wire transfers.

How long does it take for the funds to appear in my account?

Deposits through debit/credit cards and e-wallets are added to your account balance typically within a few minutes after the payment is confirmed by our processors.

Wire transfers will be credited to your account balance shortly after the transfer successfully completed by our bank. Please note that international wire transfers may take up to 7 business days due to the delays caused by intermediary financial institutions.

If you have any further questions, please feel free to contact our support department via phone or e-mail.

How do I withdraw money?

Withdrawing your profits is very simple in Duvaro. You will find withdrawal forms in the Members Area of the website under the withdraw option.

To withdraw money, you must have all your verification documentation in order. Withdrawals will return back to the credit cards from which the charge was made. Profits above the invested amount will be transferred to your personal bank account at the company’s discretion and holding with the proper financial policies and with regard to Anti Money Laundering (AML) regulations.

Please note that wire transfers may take up to 7 business days as your bank may be working with intermediary financial processors which can affect the transfer time.

What verification documents do I need to provide?

In accordance with our KYC policy, we require certain verification documents to complete your identification process. Upon your deposit, you will need to provide the documents listed below:

  • Proof of Citizenship – An official coloured National ID, Passport or Driver’s License
  • Proof of Address – A utility bill issued within the last 3 months that contain your full name and address (Electricity, water, gas, phone etc.)
  • Proof of Card Ownership (if applicable) – Colored copies of the front and back of the credit cards you used to fund your account. (Last 4 digits, full name and expiration date should be visible in front, CVV digits should be covered in back)

Duvaro is dedicated to ensuring the safety and integration of all of your personal details and documentation. All transactions and data are encrypted using the latest security protocols available, and protected against disclosure to third parties. ”

What should I do if my personal details change?

If there is any change in the personal details you provided at registration, please contact our support department. We will be happy to assist you through the process.

6.2
Regulation 3.1
trustworthy 6.6
Customer Support 7.1
Online reputation 6.3
Trading Conditions 7.7
would i Trade with them ? 6.5
Duvaro io Review New brokerage

Though a relatively new broker, Calliber has started off well. It has implemented software and hardware infrastructure to ensure that clients funds are safe, trades are executed promptly and multiple assets are traded on cutting edge platforms.

  • segregated bank accounts
  • proprietary Platform
  • no limitation on strategies
  • cryptocurrency trading
  • Bitcoin Deposit
  • no Regulated
  • no 7/24 support
  • short history
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4.2 Users rating based on 3 votes