Dualix is an online broker that offers access to over a thousand markets. These include forex currency pairs, energy products, precious metals, and other soft commodities. It also allows the trade of European, Asian, and US stocks and indices. It’s an excellent trading option that shines the most when you pair it with a trading robot.
In this extensive review, you can find out whether Dualix is a trustworthy and legitimate broker. Although there are already several user testimonials that accredit is as one from a preliminary search, we delve deeper into the matter to make sure. We also explain how you can use the broker with two of the most remarkable auto-trading robots: Oil Profit and Bitcoin Era.
This review examines its services, features, trading platforms, account types, the deposit and withdrawal process, and more. If you want to find out everything there is to know about Dualix, keep on reading.
- 1 Dualix Review
- 1.1 What Is Dualix?
- 1.2 Regulations
- 1.3 Is Dualix a Scam Broker?
- 1.4 Trading Platforms
- 1.5 Markets
- 1.6 How Can You Trade on Dualix Through Trading Robots?
- 1.7 Signing up on Dualix
- 1.8 Dualix’s Pros and Cons
- 1.9 Conclusion
Dualix offers a wide variety of assets for you to choose from, and thanks to its reliable services, you can easily move through the markets and find the best trading opportunity for you. Additionally, Dualix is accessible for both beginners and experts. Create your account through TrustPedia today!
What Is Dualix?
The selection includes Forex currency pairs, crypto, energy products, precious metals, soft commodities, and European, Asian, and US stocks and indices. Dualix also offers CFD trading, which allows traders to speculate on the movement of instruments regardless of their knowledge or capital size. However, it’s a high-risk option.
Other services that Dualix offers are their Portfolio Management Team and Concierge Trading Service.
When you register for their portfolio management, you receive the help of specialists. They evaluate the best investment strategies for you and execute them. It’s a good option for people with the funds but without the time and expertise to trade.
The concierge service provides a trader that’s akin to a personal assistant. Their responsibility is to look over your trading and investment strategies. Both of these services are excellent, but they’re locked behind high-tier accounts.
It’s good to make the distinction between brokers and trading robots. For example, Dualix lets you either manually trade numerous assets by yourself or with the help of their team. On the other hand, most auto-trading robots work on advanced algorithms that continually read the market to find the most profitable trades. They either carry them out or send you a signal once that happens, depending on your parameters.
Trading robots can’t collect money from you, so they need to operate through an online broker. For this reason, robots such as Oil Profit and Bitcoin Era have to channel funds through reliable brokers like Dualix.
Continue reading to find out the regulations of this online broker and whether the user testimonials that claim it’s trustworthy are accurate.
Dualix is regulated and licensed by Cyprus Securities and Exchange Commission (CySEC), the public supervisory authority responsible for transactions in transferable securities and investment services in the Republic of Cyprus. Their license number is 145/11 and registration number 269879.
This online broker is also registered with various European financial market supervisors and regulators, including the Austrian Financial Market Authority, the Federal Financial Supervisory Authority of Germany, the Financial Services and Markets Authority of Belgium, and many more.
A notable exclusion from the list is the United Kingdom. Dualix was registered with the Financial Conduct Authority until June 2020, when the UK regulator decided to revoke their permission to sell CFDs. However, it only did so after the online broker chose to stop providing their investment services there. Neither party disclosed the reasons for the decision.
Dualix, as a European Investment Firm, complies with numerous legal and regulatory frameworks of the European Securities and Markets Authority (ESMA). It primarily follows a pan-European legislative framework called Markets in Financial Instruments Directive II (MiFID II) that ensures the management of all financial products distributed throughout the European Union.
Is Dualix a Scam Broker?
Dualix provides numerous outstanding features to traders both with and without experience. For instance, they have an educational segment on their page that helps beginners learn about trading essentials and other terms. It also has a more specialized page that explains how to manage risks, analyze markets, and other crucial aspects of trading.
This online broker provides reliable platforms and reasonable fees. However, it’s important to note that trading CFDs and Forex is risky, complex process, regardless of the broker.
If you aren’t familiar with cryptocurrencies or trading in general, you might have better results if you couple Dualix with an automated trading robot. With a trading robot, you can automate most aspects of trading with a couple of clicks, allowing you to use the broker without extensive experience.
Dualix offers multiple trading platforms, including some of the top-rated ones available: MetaTrader 4 and 5. These are available as mobile and desktop applications and provide advanced trading features with intuitive user controls. Dualix also has its own web-based trader that’s accessible even without an account.
MetaTrader 4 (MT4) is a tool millions of traders and investors have used for more than a decade and continue employing now even with its successor platform released. It has excellent technical and analysis tools and an intuitive user interface similar to other Windows applications. With this trading platform, it’s easy to find the features you need to analyze and trade efficiently.
MetaTrader 5 (MT5) is the successor to the most popular trading platform. As expected from a new product, it offers various improvements and innovations over the previous MT4. It has more technical analysis indicators, chart objects, and timeframes. MT5 provides level 2 market data and partial fills as well.
Unfortunately, it doesn’t have backward compatibility. Programs written for MT4 can’t run on MT5. For this reason, many traders continue using the previous installment. Regardless, it does have superior capabilities in backtesting and depth of market.
You can access this trading platform directly from the web browser of your desktop. It’s also accessible from Android and iOS devices. This platform allows you to buy and sell every trading asset that Dualix has and offers some essential functions such as Stop Loss and Take Profit. The charts have several configuration settings as well to enable more in-depth analysis.
Dualix provides 24/5 access to hundreds of assets. You can trade Forex currency pairs, digital currencies, soft commodities, precious metals, and other products with flexible CFDs. It also offers the ability to exchange stocks.
How Can You Trade on Dualix Through Trading Robots?
It can also place buy and sell orders in your place should you allow it. Both bots have high accuracy rates, making them a safer option for most users, especially those without significant trading experience.
With trading robots, all you have to do is set up your desired trading parameters and let the software run in the background. Registering for them is significantly easy as it only requires three simple steps:
First, you need to sign up for Oil Profit, Bitcoin Era, or any other trading robot of your preference. All it takes is to fill out a form that sits near the top of the page for the two mentioned. Enter the information that the page requests and click register. Afterward, the trading robot redirects you to one of their reputable brokers.
The next step after redirecting is depositing your initial investment. This amount depends on the account type you wish to have. Regardless, the minimum deposit for a Dualix Basic account is 250 EUR/USD. It supports major debit and credit cards, wire transfers, PayPal, Sofort, Skrill, and others. You can withdraw your profits through another payment method besides the one you used for depositing, but Dualix needs to verify it.
Now that you’ve deposited your desired amount, you can go back to the trading robot and set up your trade parameters. You decide which assets you want to trade and the risks it can take with just a couple of clicks. After setting everything up, you can go about your day as the system works in the background.
Signing up on Dualix
A bot, unlike brokers, utilizes advanced algorithms and multiple technologies and strategies, including scalping. It applies them to the financial markets it continuously scans and executes trades automatically or sends alerts to the user. If you couple Dualix with a trading robot, you can enjoy the benefits of both.
Nonetheless, if you want to register to Dualix, the process is simple. All you have to do is fill out a form that requests your first and last name, email, phone number, and password. Afterward, it sends an SMS to the phone you put in to verify the account. Then, you need to submit proof of identity, deposit an amount that varies depending on your account type, and start trading.
01. Account Types
Dualix has five account types available, including Basic, Bronze, Silver, Gold, and Premium. These accounts meet the demands and ambitions of most traders. The minimum deposits for them are 250, 1000, 2500, 5000, and 50000 EUR/USD, respectively. Some features that all types share are a demo account, online chat support, and access to MT4, MT5, and Dualix Trader.
The maximum leverage is the same across the board, 1:30, and so is the stop out level of 50% as mandated by ESMA regulations. Some features and benefits that Silver accounts and higher enjoy are relationship managers, trading central daily newsletters, and premium signals.
The commissions per lot start at 12 EUR/USD and go as low as 7 EUR/USD on Premium Accounts. There’s also a VIP service available for clients that deposit more than 200000 EUR/USD.
This online broker provides education resources that are suitable for people with little trading knowledge and complete beginners. It’s entirely free and offers excellent information about standard terminology and assets. The page also explains how risk management works, the various ways you can analyze markets, and several other valuable trading tips.
03. Customer Support
Dualix offers live chat support around the clock and provides a couple of ways to get in touch with them, such as email and phone calls. You can follow their latest developments and news through their social media as well.
Dualix’s Pros and Cons
The broker provides you with the means to trade over 1000 instruments using the best platforms available, MetaTrader 4 and 5. It offers outstanding customer support and several educational resources that are significantly helpful for people with little experience and newcomers alike.