If you are conducting research on Duttfx Markets and questioning whether it is a legitimate broker or yet another scam, this DUTTFX review will uncover all the information you need. Based on the facts available, applicable regulatory checks, and user experiences, we have compiled everything you need to know about this broker that raises many suspicions.
Broker Overview
- Broker Name: Duttfx Markets
- Company Name: Dutt FX Markets Ltd
- Website: https://www.duttfxmarkets.net (Currently Not Working)
- Founded: 2020
- Address: Bonovo Road – Fomboni, Island of Moheli, Comoros Union.
- Warning: Not Recommended By Review Website Like Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
- Headquarters: Comoros
- Regulation: Not regulated
- Trustpilot Rating: 2.6 (Poor)
- WikiFX Score: 1.38/10 (Danger Level)
Key Red Flags
No Valid Regulation
- Duttfx represents regulatory status with ASIC and FCA.
- But these claims are untrue; the broker does not show up in either registry.
- Unregulated brokers are highly risky; your funds have zero protection.
Suspended Website
- There is no access to the official website.
- Usually, if a domain is not functioning, that means it has considerable operational or legal issues.
Negative User Reviews
- Duttfx Google reviews are largely negative.
- Duttfx review Quora threads warn about potential scams.
- Duttfx real or fake Quora discussions confirm user doubts.
- Duttfx review Trustpilot highlights complaints about fund withdrawals.
Account Types and Deposit Requirements
| Account Type | Min Deposit | Leverage | Commission | Swap-Free | Platform |
|---|---|---|---|---|---|
| Standard | $1000 | 1:500 | No | No | MT5 |
| Elite | $15,000 | 1:500 | No | No | MT5 |
| Pro Plan | $50,000 | 1:100 | $60/1M USD | No | MT5 |
Issues:
- Very high minimum deposit.
- No demo accounts for testing.
- No swap-free options for Islamic traders.
What Can You Trade on Duttfx?
Duttfx provides access to four asset classes:
- Forex: 200+ currency pairs
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, and numerous others
- Commodities: Gold, Silver, Oil, Natural Gas
- Stocks: Amazon, Boeing, and numerous other global companies
However, it is of no value to be trading on these assets if you are using an untrustworthy, unregulated broker.
Deposit and Withdrawal Methods
Supported payment methods include:
- Skrill
- Neteller
- Mastercard
- Bank Transfer
- PalPal (appears to be a typo for PayPal)
There is no clear refund or dispute policy, which is risky for traders.
Is Duttfx a Scam?
Yes. Based on:
- Fake regulation claims
- Inactive website
- Poor online reputation
- Lack of transparency and support
This DUTTFX review confirms that Duttfx Markets shows all the signs of a potential scam broker.
FAQ
Q1. Is Duttfx regulated?
No, duttfxmarkets.net is not regulated by any official financial authority.
Q2. What is the minimum deposit?
The minimum deposit is $1000 for the Standard account.
Q3. Is Duttfx Markets real or fake?
Duttfx claims to be regulated but fails verification. Based on user reports and our research, it appears to be fake.
Q4. What trading platform does duttfxmarkets.net offer?
Duttfx offers only MetaTrader 5 (MT5) on desktop and mobile.
Q5. Can I recover money lost to Duttfx?
Yes. See the next section on how to recover your funds.
What to Do If You Have Been Scammed Online
If you have been scammed online by Duttfx or any similar platform, take action immediately. Your first step should be to report the incident to a consumer protection agency and then seek expert help. You can also visit https://proupshot.co/ – a dedicated platform that helps victims of financial fraud.
At Proupshot, professionals will assess your case and guide you through the legal and recovery process. Take action immediately to increase your chances of recovering your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims recover their lost funds.
Acting fast is crucial, especially in cases involving identity theft or unauthorized transactions.
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Also, read Ocean Trade.
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