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Dualix Review: Dualix.maxigrid.com Forex Broker Explained

Dualix Review: Dualix.maxigrid.com Forex Broker Explained

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Dualix (Dualix.maxigrid.com) is a CFDs and Forex platform registered by CySEC. You can trade CFDs and Forex thanks to this Cypriot based trading platform. Dualix is providing a wide range of account options for users and is MiFID compliant. Overall, Dualix.maxigrid.com is ideal for traders who are looking to start trading with a reputable broker. We have investigated and came up with a few pointers. Read this genuine DUALIX Review.

Dualix Review

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Dualix Review

Dualix is a globally established online CFDs and Forex platform that has years of trading experience. The main aim of this online trading platform is to develop and establish a one stop trading destination. Dualix is providing traders with a wide array of trading assets to choose from. You will find an extensive line up of tradable assets, markets, platforms, and trading options. Other features you get with this platform include education sessions, live webinars, and market maker execution.

The platform is making it convenient for traders to trade in equities using a single account. This platform boosts of offering the right combination of customer support and execution speed. Other notable features include proper analysis of the market, pricing, and product range. With such a platform by your side, you need not to worry about safety of funds. These are just but a few reasons why clients feel confident with the platform.

About Dualix

According to the details found on their contact page, the platform hails from the UK. Not much has been given regarding the actual owners of this platform which is odd. According to Whois.net, we could not get any details regarding their web information. After further investigation, we noticed that the website Dualix.com was created on 22nd June 2003. And this clears up anything regarding their history. We only have a problem with their ownership details.

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Lack of proper ownership details means that the platform is anonymous in nature. Traders would want to know who the founding members for clarification were. Was the platform founded by trading professionals or an entrepreneur looking for means to an end? Without such details, the platform hits a bad note with established traders. Another problem with Dualix is lack of any information on their website regarding the names of people running the website. With such vital information missing, we have to be careful with dualix.

Is Dualix licensed or registered?

Dualix License Status

According to information we retrieved from CySEC, the company Maxigrid Ltd is licensed. The problem with this platform is the fact that the approved domains are agmmarkets.com, dualix.com, and Maxigrid.com. When you click dualix.com, you are directed to dualix.maxigrid.com which means the website is legit. Dualix is licensed with 145/11 being their license number. The company registration number is 269879 and license date was 31/05/2011.

Aside from having a license from CySEC, other regulatory bodies don’t have this platform as registered. The FCA which is the official regulatory body in the UK has no platform licensed under this name. Another advantage with this platform is being ESMA regulated. What this means is that the stop out level will become 50 percent on all DualixPro platforms. Clients with margin levels and open positions of 20 percent to 50 percent will probably reach the stop out levels.

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Advantages of Dualix

One of the main advantages with Dualix is having a trading license from CySEC. What this means is that users who deposit funds have them well covered. The capital helps so cater for any eventualities such as bankruptcy and insolvency. Your chances of getting compensation in the event of bankruptcy are high.

Account Features

Dualix Account Types

One of the advantages of this platform is having accounts with favorable features. Dualix is furnishing users with a demo account with a maximum leverage of 1:30. You also get access all trading platforms at a go. Variable spreads are also favorable with users getting 0.1 pips. Another advantage with Dualix is offering a segregated bank account on all account types. You are also able to get access to online educational materials such as seminars and webinars.

The platform has a wide array of account types to choose from. Dualix is providing users with five different accounts to choose from. The accounts listed include Bronze, Silver, Gold, Platinium, and Premium. Other notable advantages include having a demo account. Smart investors know the importance of a demo account as it helps to give them a chance to gauge the platform. Without a demo account, your will never know what you are getting into.

Disadvantages of Dualix

Contact and Support

Dualix is claiming on their account features that they offer online support. From the look of things, this is not true. A newbie will only send emails or make a phone call to contact the website. The entire platform does not have any live chat support which is concerning. With today’s level of technology, you would expect the platform to have live chat support. And this is where we suggest using platforms with a live chat support. It makes communication convenient and easy.

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High minimum deposit requirement

Dualix Trading Platform

When it comes to the minimum required deposit, Dualix is charging way too much. For the most basic account, which is the Bronze account, users are to deposit $1,000 to start trading. Another issuer we have with the accounts is lack of an account manager. Why give users a relationship manager? Traders need to get a personal account manager who will be able to give directions. A relationship manager is of no help when it comes to online trading. Dualix is failing traders with their relationship manager.

Safety of funds with Dualix

When it comes to how safe your funds are, Dualix has this area well-covered.  Users should expect some form of compensation in the event of the platform going bankrupt or facing insolvency.

Scam or legit

With the platform having a valid trading license from CySEC, we can safely state Dualix is legit.

Bottom line

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Wishing all investors a happy and prosperous trading experience.

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