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  2. Duplitrade Review - What to expect from the automated trading provider

Duplitrade Review - What to expect from the automated trading provider

Duplitrade is an automated trading provider, that works with regulated companies such as AvaTrade, IC Markets or Pepperstone. Duplitrade is a subordinate company of DT Direct Investment Hub Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. Real trading is possible with the minimum deposit of $5 000. The Duplitrade website is available in English, German, Italian, Spanish, Russian, French, Arabic and Chinese.

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.Duplitrade.com
  • Leverage: up to 1:30
  • Instruments: CFDs - Depends on a chosen partner broker
  • Minimum deposit: $5 000
  • Demo account: Yes, free of charge (30-day expiry)
  • Methods of deposit and withdrawal: Depends on a chosen partner broker

Duplitrade Trading Platform

The DupliTrade platform is web-based, there is no need to install any programs or download any files to use it. In order to use the platform, one needs to set up a trading account with one of the regulated broker partners. It is also possible to trade manually and close/modify any of the strategy providers’ positions at any time through the broker's MT4 terminal/App.

To sum up the Duplitrade Review

Duplitrade adheres to regulatory guidelines of the CySEC (No. 347/17). I personally haven't tested any of the strategies the company provides so I cannot tell you whether they are really as accurate as the website states (they have on the homepage featured strategies that have even over 600% return rate). I hope that when they work with such industry broker leaders such as AvaTrade, IC Markets or Pepperstone there is some truth to the Duplitrade offer. Nevertheless, the minimum deposit in order to use the DupliTrade services is quite high - $5000, a free demo is available.

 

Your review can make a difference to other traders, please leave a comment if you have any personal experience with Duplitrade.

Michael Kuchar
Author of the article
Michael Kuchar
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications.
See my latests posts
1 comments
Magnus
July 28, 2020 AT 00:32 / reply
I can't recommend this service. I have been using the service for 16months, during which time I have followed 4 traders who have lost me $16k+. The trade duplicate part of the service works well, but the traders are not reliable or consistent. All 4 traders have blown their accounts during this time. None of them set stop losses (the easiest way to protect your balance), instead opting to hedge traders when the market moves against them in the hope it comes back. This to me is gambling, I learnt the hard way, be warned.
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