Broker Details
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 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 doesn’t 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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