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WikiFX
Vladimir
1-2 years

Is Duplitrade safe and legit?

Broker Issues
Duplitrade
Regulation
01-18
United States
WikiFX
Reply

Although Duplitrade operates as part of the AvaTrade Group, the absence of regulation makes its safety and legitimacy less clear. In my opinion, a platform that isn’t regulated doesn’t provide the same level of security or assurance as one that is overseen by financial authorities. While it offers a demo account and automated trading features, I would be cautious about committing real funds to a platform that isn’t regulated. My Duplitrade review would certainly emphasize the importance of understanding the risks of using an unregulated platform, especially for those new to trading. In terms of legitimacy, it’s harder to verify the platform’s operations without regulatory scrutiny, which leaves some ambiguity.

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