Duvaro is just another unlicensed offshore CFD Broker, that opened a few months ago on February 16th 2022.
They are officially owned by an offshore company called 48Power Ltd, C53253. Listed address is: Henville Building, Suite 7, Main Street, Charlestown, Nevis. Contact phone number is: +442030977009. Email address is: [email protected].
Official website & login is at: https://www.Duvaro.io/.
For complaints or withdrawal problems, read more here.
Duvaro Broker Reviews
Our review of the brokers called Duvaro is nothing new, because they are a duplicate of so many other small brokerage firms that is the same white-label trading platform. The trading platform app they are using is called EasyTrader, and it was developed by a company called Easy Technologies.
Duvaro has a web-based CFD trading platform, or you can download their desktop trading platform. Mobile trading apps are not available yet.
Take a look at the screenshot below, and you can see what the web-based trading platform looks like. You will see hundreds of underlying assets available for CFD trading against the Dollar or Bitcoin including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes. Leverage / Margin trading is available with rates as high as 500:1.
Duvaro’s website and trading platform is available in English, Italian and Arabic. They don’t have different account types, and the starting requirement deposit amount is $250. The base currency is set to USD by default, with no ability to change the account currency to EUR. When making a deposit, they only offer the option to deposit via Bank Wire. Remember, when transferring money via a wire, there is no way of getting it back.
Is Duvaro a Licensed CFD Broker?
No, Duvaro is not a licensed or regulated broker. They are just another offshore broker with no regulatory oversight.
The Scam Broker Investigator has reviewed more than 800 online broker since 2013. The proven method we use when reviewing an online Forex broker to see if they are a legitimate or scam broker is straight forward. We check to see if the broker is licensed and regulated by the governments regulatory agency.
All online brokers in Italy or United Kingdom must be licensed and regulated by the financial regulatory agency in their country. In Italy that would be CONSOB, in the U.K. that would be the FCA.
Another warning sign to watchout for is brokers that use a software called AnyDesk. AnyDesk is a software which allows you to share your computer with another person. That other person, your “so called broker”, can then place trades without your permission.
Find a Regulated Broker
You have so many online brokers to choose from today, and therefore, you should look at the most popular licensed brokers.
ForTrade is a regulated broker that many investors are using today. They give you Trading Signals, MT4 an intuitive trading platform. They are regulated in Europe, Canada and Australia.
Open a Free Trading Account, Signup here.
If you are an existing investor at Duvaro, please share your experience in the comments.