What is Duo Markets?
Duo Markets is a forex and CFD broker based in Spain, listed with a foundation year of 2020. It offers leverage up to 1:100, spreads from 0.2 pips and a minimum deposit of $100. Clients trade on MetaTrader4 and MetaTrader5 for Android, iOS, Windows, and MAC and on mobile.
Duo Markets is an online trading broker that trades on the markets of Forex, Cryptocurrencies, Futures, Actions, Commodities, and Indexes. This broker is based on both MetaTrader4 and the MetaTrader5 platforms. Both of these platforms have software for android, iOS, windows, and MAC.
Duo Markets: Key Facts
Duo Markets has both demo accounts besides having live accounts. Live accounts are the real trading accounts. Clients will invest their money and do real trading while risking their money. They will make profits or lose their money for wrong decisions. This is what live accounts are for. The demo accounts are actually for the new traders who have no experience in trading. This account does not need any investment. This is why there is no risk of losing money in the Demo account.
Duo Markets provides their clients with two types of live accounts named ECN account and STP account. Both of these live accounts including the demo accounts have the base currency of USD, EUR, and GBP. All the features that differ between ECN and STP accounts are discussed below;-
- STP Account:- This account doesnt have any minimum deposit amount. This means clients can deposit just as they can afford or they want to. Clients deposit $100 or $5000 in this account. There is no minimum deposit requirement. The spread in this account is 0.5 pips. The leverage in this account is 1:500.
- ECN Account:- This account requires a minimum deposit of $10,000. This account is for those traders who like trading with a very tight spread. The spread in this account starts from 0.2 pips. This account also has the maximum leverage at 1:500.
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DIDIMAX- Official website: Duo Markets
Is Duo Markets safe and regulated?
Duo Markets is regulated by Duo Markets has no regulatory. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Duo Markets account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $100 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Duo Markets provides MetaTrader4 and MetaTrader5 for Android, iOS, Windows, and MAC, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.2 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Duo Markets supports 6 funding methods, including Skrill, Neteller, Visa, MasterCard, CryptoCurrencies, and WireTransfer. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
Duo Markets bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current Duo Markets promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Duo Markets website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Duo Markets pros and cons
Pros
- Raw spreads from 0.2 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 6 deposit methods including crypto
Cons
- Only offshore regulation
- No investor compensation scheme
- $100 minimum deposit is higher than some rivals
- No Islamic account listed
How to open a Duo Markets account
- RegisterVisit the Duo Markets website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $100 with Skrill, Neteller, Visa or another method.
- Start tradingLog in to MetaTrader4 and MetaTrader5 for Android, iOS, Windows, and MAC or the mobile app and set your risk per trade.
Is Duo Markets a good broker? Our verdict
Duo Markets suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.