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DUALIX

Cyprus Cyprus | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | Cyprus Market Maker (MM) Revoked | High potential risk

https://dualix.maxigrid.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Cyprus Cyprus 2.52
Surpassed 15.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+357 25056200
support@dualix.com
https://dualix.maxigrid.com/
16 Stasikratous, 6th Floor, 1065, Nicosia, Cyprus.
Warning: Low score, please stay away!
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
Cyprus Cyprus
Operating Period
5-10 years
Company Name
Maxigrid Limited.
Customer Service Email Address
support@dualix.maxigrid.com
Contact Number
+35725056200
FX3776898440

FX3776898440

Unverified

United States

I made a payment of $35,000 during the period of investing with dualix via their online platform but to my surprise I couldn't withdraw I filed for a chargeback that came under fintrack/ org with my deposit sent directly to my wallet One thing I never understood was how the account manager made trades without my consent but when I asked to withdraw the profits, they took turns to say my bank was either faulty or I've been flagged for money laundering

Exposure

FX6845073

FX6845073

Unverified

Singapore

We just filed a complaint with the police against Dualix, alleging that the platform enticed us to join an investment exchange group by promising consistent returns so that we could deposit, trade, and double our profits. However, when we requested a withdrawal, DUALIX demanded payment for a number of reasons, such as continuing to deposit $20,000 to unwind our position and paying 25 percent tax in the end we still couldn't withdraw our funds currently working with Assetsclaimback advisory.

Exposure

FX57947855

FX57947855

Unverified

United States

more and more customers complaining about Dualix . At the moment Dualix is still hindering its clients from withdrawing their funds by various tricks, asking them to pay various fees and even launching a new platform to scam us all over again.

Exposure

Tom_Luck

Tom_Luck

Unverified

India

Well, I have to say that DUALIX isn't the best choice for beginners like myself. The deposit requirements are sky-high, and even the regular account spreads are pretty steep. It's just not very accessible or affordable for someone starting out. Plus, I found the platform to be a bit overwhelming and not very user-friendly.

Neutral

Neutral

FX1261759452

FX1261759452

Unverified

United Kingdom

One of the worst customer service I’ve ever dealt with. They are not willing to help you out all they seem to do is pass it on to someone else and then when I did what they asked, and got everybody on the phone call they were like oh I’m sorry we can’t handle this. So once again, nothing gets resolved. My issue has been going on for six months now...

Neutral

Neutral

5
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Website

  • Germany maxigrid.com
    116.202.2.171
  • Germany dualix.com
    35.157.99.243

Genealogy

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Relevant Enterprises

MAXIGRID LIMITED
MAXIGRID LIMITED
Active
Registration No. ΗΕ 269879
Established
Related sources Website Announcement

Company Summary

General Information & Regulation

Dualix is owned and operated by Maxigrid Limited. Maxigrid Limited is a Cyprus Investment Firm, authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 145/11 and registration number HE269879.

Market Instruments

Dualix offers investors a range of financial trading assets, mainly CFD products in currency pairs, indices, commodities, precious metals, stocks, and cryptocurrencies.

Minimum Deposit

There are six different types of accounts available on the Dualix platform: Basic (minimum deposit of €250), Bronze (minimum deposit of €1,000), Silver (minimum deposit of €2,500), Gold (minimum deposit of €5,000), Platinum (minimum deposit of €25,000), and Premium (minimum deposit of €50,000).

image.png

Dualix Leverage

Dualix, as a European based broker, fully complies with the EMSA regulation, offering maximum trading leverage for major currency pairs capped at 1:30, 1:20 for minor currency pairs.

Spreads & Commissions

Spreads are fixed for Basic accounts, 3 pips on EURUSD. Bronze accounts come with a spread of 0.1 pips and a commission of 10 EUR per lot. Silver accounts have a spread of 0.1 pips and a commission of 10 EUR per lot. Gold accounts have a spread of 0.1 pips and a commission of 10 EUR per lot. The spread on Premium accounts is 0.1 pips, and the commission is 7 EUR per lot. Premium accounts have a spread of 0.1 pips and a commission of 5 EUR/lot. Moreover, Dualix charges an additional 1000 EUR fixed fee for inactive accounts, a 500 EUR support fee, and a monthly maintenance fee of 25 EUR.

Trading Platform

Dualix offers traders the most popular MT4 trading platform on the market today. MT4 is a reliable trading terminal that most traders are familiar with and happy to use. The trading terminal is proven to be reliable, user-friendly, and has all the features traders need, easy to customize, with excellent charting options and support for automated trading robots (Expert Advisors).

Deposit and withdrawal

Dualix supports traders to deposit and withdraw funds to their investment accounts via wire transfer, VISA/MasterCard, PayPal, Skrill, Klarna/SORORT, Ideal/PPRO, GiroPay, Mister Cash.

Trading Hours

forex market is open 24 hours a day, five days a week. However, thats not strictly true. All the big banks take a few minutes to break between the New York close and the Sydney open. During this period, most major players in the forex market stop trading which means liquidity is depleted from the market and spreads become very wide. During this time, the forex market becomes a very inhospitable place to trade.

image.png

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Cyprus Market Maker (MM) Revoked
  • High potential risk

News

WIKIFX REPORT: CYPRIOT LICENSE OF DUALIX & AGM MARKETS PARENT WHOLLY SUSPENDED

News WIKIFX REPORT: CYPRIOT LICENSE OF DUALIX & AGM MARKETS PARENT WHOLLY SUSPENDED

After several months of pause, the Cypriot authorities is once again flexing their muscles and actively finding compliance irregularities.

WIKIFX REPORT: CYSEC TO COMPENSATE CLIENTS OF DUALIX & AGM MARKETS

News WIKIFX REPORT: CYSEC TO COMPENSATE CLIENTS OF DUALIX & AGM MARKETS

The Cyprus Securities and Exchange Commission today announced the initiation of the process of compensating the clients of Maxigrid Limited (trading as Dualix & AGM Markets), which saw its license lapsed in February.

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