Dukasbance Review: A Promising Project Abound or SCAM?

Step into the realm of Dukasbance, where the allure of financial prosperity beckons and promises of a promising project abound. But let’s pause for a moment and delve deeper into the shadows. Today, we embark on an intriguing journey to uncover the truth, to reveal whether Dukasbance is a beacon of opportunity or just another disappointing scam. Get ready, as we dive into this review, where all will be revealed.

Dukasbance General Information

Website	https://www.dukasbance.com/
Phone Number	+1 438 803 8526
Email	support@dukasbance.com
Address	Dufourstrasse, Zurich, 8008
License	—
Minimum Deposit	$250
Assets	CFDs
Leverage	Up to 1:50
Trading Platform	Unknown

Registration and Client Portal Review

As you set foot on the vibrant and visually captivating website of Dukasbance, it’s hard not to be enticed by the plethora of intriguing elements that adorn its pages. The site exudes a sense of energy and excitement, with a kaleidoscope of colors and eye-catching designs that immediately grab your attention. However, upon closer inspection, we can’t help but view these attributes as more of a drawback than a positive aspect.

While the website may dazzle with its flamboyant display, it tends to divert attention from the truly important elements. The abundance of self-promotion and flashy advertisements detracts from crucial information that users are genuinely seeking. Instead of finding concise and easily accessible details about the platform, one is left to navigate through a maze of marketing materials and excessive self-praise.

The registration experience fell short of our expectations, leaving us with a sense of disappointment. Unlike the seamless and user-friendly registration processes offered by many reputable brokers, Dukasbance introduced an unnecessary hurdle in the form of a promo code requirement. Without entering this code, prospective clients will be unable to access the Client Portal.

Rather than offering a straightforward and transparent registration process, Dukasbance opted for a more convoluted approach, seemingly requiring potential clients to jump through additional hoops to gain access to their platform.

Dukasbance Trading Conditions

Dukasbance may initially come across as an impressive broker, but a closer look reveals some notable drawbacks. While they do offer CFD trading, allowing access to a wide range of assets, it’s important to understand that these trades involve contracts for differences rather than physical ownership of the underlying assets. This distinction is crucial to keep in mind when considering the nature of the trading experience with Dukasbance.

Account Types Review

First, it’s worth noting that the broker operates on a B-book model, which means they act as the counterparty to their clients’ trades. This model may raise questions about potential conflicts of interest and the transparency of the trading process.

Dukasbance provides five different account types, but it’s interesting to observe that the Silver account is the most suitable option for comfortable trading. Opening a Silver account requires a substantial deposit of five thousand euros, whereas the basic account caters to beginners with a significantly lower minimum deposit of 250 euros. This wide gap in account requirements may raise concerns about the accessibility and fairness of the trading environment.

With the Silver account, traders gain guaranteed access to five financial markets, whereas the basic account lacks any mention of such access. It’s important to carefully consider these limitations and variations across account types to ensure the trading experience aligns with your expectations and goals.

As the account deposit increases, the broker offers additional services and features. For instance, the VIP account comes with a Monthly Full-Protection Trade. While the specifics of this offering remain unclear, it’s important to note that such protections and guarantees may not necessarily align with the realities of trading on real markets, where risks are inherent.

Trading Platform

It is worth mentioning that in the FAQ section of Dukasbance’s website, there is an implication that the broker offers trading on the MT5 platform. However, upon conducting thorough verification, it became evident that Dukasbance is not authorized on the MT5 platform. This discovery raises significant concerns regarding the accuracy and truthfulness of the information presented by the broker.

Dukasbance — Deposit and Withdrawal of Funds

Dukasbance provides its clients with a range of payment options to conveniently deposit funds into their trading accounts. These options include popular methods such as credit and debit cards, bank transfers, and even cryptocurrency.

However, when it comes to the equally crucial aspect of withdrawing funds from the trading account, the information provided by Dukasbance is noticeably absent. The website fails to provide any details about the available withdrawal methods, and even the FAQ section, which typically addresses common queries, does not shed light on this important matter.

Verification

Dukasbance implements a mandatory verification process for its clients. While we haven’t personally undergone this procedure, we can reasonably assume that it follows the industry-standard protocols used by most reputable brokers. Generally, the verification process involves providing personal information and submitting identity documents, such as a passport or driver’s license, to verify one’s identity and establish a legitimate trading account.

Additional Options

The closed registration process, requiring promo codes for access, suggests the presence of a potential partnership program.

Additionally, Dukasbance offers numerous additional services that may be met with skepticism. One notable example is their default trading insurance. This raises eyebrows and prompts the question: What exactly does it entail?

It is important to recognize that these additional services are just a part of Dukasbance’s marketing tactics. Like any business, the broker aims to attract and retain clients by providing a range of services. However, traders should approach these offerings with a critical mindset. While some services may appear enticing on the surface, it is essential to thoroughly assess their true value and consider whether they align with one’s trading goals and needs.

Is Dukasbance a Scam?

We must emphasize that our utmost priority is the safety and security of our trading activities. Hence, it is imperative to assess the legitimacy and credibility of any broker we consider partnering with. In this regard, we conducted a thorough investigation into Dukasbance to shed light on its regulatory standing.

Legal Information and License

Typically, a reputable broker operates under the supervision and authorization of relevant regulatory bodies. In the case of Dukasbance, their claim to have an office in Switzerland caught our attention. Given this assertion, we proceeded to verify the broker’s registration status within the Swiss registry, which serves as an official record of licensed financial entities. To our dismay, our search yielded no results. Dukasbance is conspicuously absent from the registry, raising concerns about its authenticity.

Furthermore, it is disconcerting to discover that Dukasbance lacks registration and licensing not only in Switzerland but also in any other jurisdiction. This absence of a regulatory framework places clients at a significant disadvantage, as it denies them the protection and oversight typically afforded by licensed brokers.

Ducasbance.com Domain Info

It is disheartening to encounter misleading claims from brokers, particularly when they assert years of experience in the industry. In the case of Dukasbance, their purported longevity is questionable upon closer examination.

We embarked on a comprehensive investigation to uncover the true timeline of Dukasbance’s existence, and the results were quite revealing. Despite their claims of being an established player in the industry, it became evident that there is a significant discrepancy between their stated years of operation and the actual timeline.

One compelling piece of evidence lies in the absence of any reviews or mentions of Dukasbance predating 2023. Upon further scrutiny, we discovered that the official website was created on January 31, 2023. Prior to this date, the project simply did not exist.

Contacts Review

The website features a maple leaf, symbolizing Canada, while their listed phone number appears to be Canadian as well. However, they assert their headquarters to be located in Switzerland. This discrepancy raises questions about the accuracy and integrity of the information presented.

In reality, Dukasbance exists solely in the online realm. Despite their claims, there is no evidence of a legitimate physical office or a genuine legal address associated with this broker.

Pros and Cons

 

Frequently Asked Questions (FAQ)