Dux Holding is a forex broker that claims to offer a variety of services and products to traders. However, there is a growing body of evidence that suggests that Dux Holding is a scam. In this article, we will take a closer look at Dux Holding and why you should avoid it.
Company Overview
Dux Holding is a relatively new forex broker, having been founded in 2022. The company claims to be headquartered in the Seychelles, but there is no evidence to support this claim. The company’s website is also poorly designed and lacks important information, such as the names of its management team and its regulatory status.
Team
The Dux Holding website does not list any information about its management team. This is a red flag, as legitimate forex brokers typically disclose this information.
Services or Products
Dux Holding claims to offer a variety of services and products to traders, including:
- Forex trading
- CFD trading
- Crypto trading
- Social trading
- Copy trading
- Education and training
However, there is no evidence to support these claims. The Dux Holding website does not provide any information about its trading conditions, such as spreads, commissions, and leverage.
License and Regulations
Dux Holding is not regulated by any major financial regulator. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. This leaves traders with no recourse if they lose money or experience other problems with the broker.
License Status
Dux Holding claims to be regulated by the Seychelles Financial Services Authority (FSA). However, the FSA does not regulate forex brokers. This means that Dux Holding is not actually regulated by any major financial regulator.
Regulation Status
Dux Holding is not regulated by any major financial regulator. This means that the broker is not subject to any oversight or regulation. This leaves traders with no recourse if they lose money or experience other problems with the broker.
Why Dealing With An Unlicensed Broker Is Risky?
There are many reasons why it is risky to deal with an unlicensed forex broker. Here are a few:
- Unlicensed brokers are not subject to any oversight or regulation. This means that they can operate with impunity and there is no one to hold them accountable if they cheat or steal from their customers.
- Unlicensed brokers often use high-pressure sales tactics to convince traders to deposit money. They may also make false promises about the profitability of their trading systems.
- Unlicensed brokers may also be involved in fraudulent activities, such as money laundering or market manipulation.
Legal Warning Against Dux Holding Forex
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a legal warning against Dux holding Forex. The FCA warns that Dux holding Forex is not authorized to conduct investment business in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Dux holding Forex online. These reviews allege that the broker is a scam and that it has cheated or stolen money from its customers.
Feedback About Their Trading
Some traders who have used Dux holding Forex have complained that the trading conditions are not as advertised. They say that the spreads are too high and that the commissions are too low.
Feedback About Their Customer Service
Customer service is another area where Dux holding Forex has been criticized. Traders say that the customer service representatives are rude and unhelpful. They also say that it is difficult to get in touch with customer service.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Dux holding Forex or any other forex broker, there are a few things you can do:
- Report the scam to the relevant authorities.
- Contact your bank and ask them to stop any further payments to the broker.
- Try to get your money back through a chargeback or other legal means.
- Get help from a financial advisor or lawyer.
Reviewadvice also can help you in recovering the lost funds. Our experts will provide you with a free consultation call and service recommendations that will help you choose the right option for recovery.
Final Thought
Dux holding Forex is a scam broker that should be avoided. If you are thinking about trading with this broker, report this broker and choose the right one. There are many legitimate forex brokers out there that offer safe and reliable trading services.
