Duvaro is a legally registered forex broker located in Nevis but not regulated by any government agency.
Duvaro accepts clients from all over the world, excluding the USA. Belgium and north Korea
- Simple registration and verification process.
- cryptocurrencies for trading
- affordable spreads
Forex broker offers the following underlying assets for trading.
|Currency Pairs||Based on major, minor and exotic world currencies pairs.|
|Spot CFDs||Based on Gold and Silver.|
|stocks||Largest Global companies|
|indices||main global indices|
|cryptocurrencies||most Popular Cryptocurrencies|
Duvaro is an online forex & CFD broker based out of the Nevis. As an offshore broker in this jurisdiction, traders should understand that it is not regulated by any government agency, which may put a trader at risk should anything unexpected happen to the broker.
Although we have not heard about any specific complaints regarding Duvaro, it should be mentioned that there are no security mechanisms in place for clients in the event of insolvency, for example. This differs from brokers registered in places like the EU, UK, Australia, and Japan, where investor protection funds are set up to compensate clients in these cases.
However, no regulation also comes with certain benefits that aggressive traders can take advantage of, such as high leverage of up to 1:400 and a minimum deposit of only USD 5000. This means that it may be possible to generate high returns quickly for anyone who knows how to control risk properly.
Despite its registered business address being in the Caribbean, this broker has a solid local presence in Europe with a large community of traders in the UK, judging from the website’s available traffic data and its Facebook activity.
Having a nice and clean design, the broker’s website includes the most information a trader would ever need. However, some more details in the “About us” section would be appreciated to help build more credibility. The website is available in English, and the broker accepts clients from all countries, with the usual exception of the United States.
The broker offers its users 3account types to choose from:
We present our customers with an account selection that can satisfy each trader’s needs and preferences. Our team has thought about even the smallest of details and produced different account types so you can select the one that best suits your needs.
There are different accounts to choose from, and each one has its benefits.
|FOR ADVANCED TRADERS
|Account currency||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|Spread, pips||Fixed||Fixed & Floating, Variable||Fixed & Floating, Variable||Fixed & Floating, Variable|
|Quotation (number of marks after the point)||Five marks||Five marks||Five marks||Five marks|
|Margin Call Level||40%||40%||40%||40%|
|Stop Out Level||30%||30%||30%||30%|
|Trading platform||all devices||all devices||all devices||all devices|
All account types offer commission-free trading and fixed spreads, which explains why the spreads offered are more comprehensive than what has become standard with other brokers. However, all traders should consider their trading style and calculate what makes the better deal for them; commission-free trading with wide spreads or tight spreads with more significant commissions.
Duvaro offers the easytech intuitive trading platform as its only trading platform, although it is available in both the web-based and downloadable desktop versions for Windows computers.
Deposits and Withdrawals
Deposits and withdrawals can be made with all major credit and debit cards and international bank transfers (SWIFT). In addition, the broker also accepts Bitcoin.
What is Day Trading at Duvaro?
Day Trading deals are usually opened and closed on the same day. A day trading deal can last longer than one day. When a trader wants a trade to continue, the agreement is automatically renewed at 22:00 GMT each night until the deal closes. Day trading is becoming more popular now that more people use the Internet. As long as the agreement is open, you will be charged a renewal fee every night at 22:00 GMT for all deals that are still open.
If you have insufficient funds in your account, your credit card may be charged or the deal closed.”
What should I look for in an online trading platform?
There are many online platforms available to trade with.
Some key points to look for in the platform you choose:
- High level of personal service and support
- Ease and speed at which a trader can get started
- Trading tools offered, including charts, outlooks and news
- User-friendly platform
- Easy deposit methods – Credit Cards, cryptocurrency, Wire Transfers
- 24-hour access to your account
- Leverage amount
- Tailor-made accounts and spreads
- Real-time exchange rates
- NO hidden costs – NO commissions on deposits or withdrawals
- NO maintenance margins
- Cost of renewal/rolling fees for Day Trades
- Fixed rates and stop-loss limits
- High-level security of the website, platform and your info.”
Account & Banking
How do I open an account?
Open an account by going to our website: https://www.duvaro.io
All you have to do is fill in the information in the box that says OPEN ACCOUNT. Once this is done, click on OPEN A REAL ACCOUNT which will take you to a page that says REGISTER ACCOUNT, fill in your details, create a password, check the terms and conditions box, and all other related boxes then click on CREATE MY ACCOUNT.
On the PERSONAL DETAILS page, fill in the information and click the CREATE MY ACCOUNT button. You are now on your home page and can make a deposit online using your credit card. All you need to do is complete the DEPOSIT INFORMATION and click on the DEPOSIT NOW button. ”
What types of accounts do you offer?
Duvaro offers various types of accounts which you can select according to your needs. While most of our services are available to all accounts, there are certain exclusive services offered only to our VIP traders. Please take a look at our Account Types page for more information.
How do I deposit money?
Duvaro offers you various methods to fund your account, including Credit Cards, Cryptocurrency, and Wire Transfers. To deposit funds into your trading account, please log in to your account with the e-mail and password you provided in the registration. Click the “Deposit” tab in the Members Area to pick your preferred method from the dropdown menu and follow the instructions.
What are the minimum and maximum deposit amounts?
Opening a Duvaro trading account requires a minimum deposit of $250 or an equivalent amount in your preferred currency. You can deposit up to $10,000 with various credit cards in a single day. There is no limit to the amount you can deposit with wire transfers.
How long does it take for the funds to appear in my account?
Deposits through debit/credit cards and e-wallets are added to your account balance typically a few minutes after our processors confirm the payment.
Wire transfers will be credited to your account balance shortly after the transfer is completed by our bank. Please note that international wire transfers may take up to 7 business days due to the delays caused by intermediary financial institutions.
If you have any further questions, don’t hesitate to contact our support department via phone or e-mail.
How do I withdraw money?
Withdrawing your profits is very simple in Duvaro. You will find withdrawal forms in the website’s Members Area under the cancel option.
To withdraw money, you must have all your verification documentation in order. Withdrawals will return to the credit cards from which the charge was made. Profits above the invested amount will be transferred to your bank account at the company’s discretion and held with appropriate financial policies and Anti Money Laundering (AML) regulations.
Please note that wire transfers may take up to 7 business days as your bank may be working with intermediary financial processors, which can affect the transfer time.
What verification documents do I need to provide?
Duvaro requires certain verification documents to complete your identification process following our KYC policy. Upon your deposit, you will need to provide the documents listed below:
- Proof of Citizenship – An official coloured National ID, Passport or Driver’s License
- Proof of Address – A utility bill issued within the last three months that contain your full name and address (Electricity, water, gas, phone etc.)
- Proof of Card Ownership (if applicable) – Colored copies of the front and back of the credit cards you used to fund your account. (Last four digits, full name and expiration date, should be visible in front, CVV digits should be covered in the back)
Duvaro is dedicated to ensuring the safety and integration of all of your details and documentation. All transactions and data are encrypted using the latest security protocols and protected against disclosure to third parties. ”
What should I do if my details change?
If there is any change in the personal details you provided at registration, don’t hesitate to contact our support department. Duvaro.io will be happy to assist you through the process.