✔️ Information reviewed and updated in September 2024 by Pedro Martínez González
In this segment we will give you our opinion on whether DuraMarkets is a trustworthy company or not. Read on for our full review!
We thoroughly examine the website, review every detail and analyze the key characteristics that are considered when choosing a good broker such as the location, the parent company, its regulation, its reputation...
Below we provide you with essential information about DuraMarkets and explain why we came to this conclusion:
Basic data
| 📌 Address | Mentions being located at PB 1257 Bonovo Road, Fomboni, Comoros, KM |
| 🏠 Company | Mentions being part of DuraMarkets Ltd |
| ️ Regulatory | Mentions being regulated by Mwali International Services Authority |
| ❓ Company type | Cryptocurrency broker |
| 🌐 Website | duramarkets.com |
| 📈 Plataform | Own platform |
| [email protected] | |
| 🕑 Website age | Website registered on: 2022-06-29 (recent) |
Company: ⚠️ DuraMarkets Ltd is reportedly the owner of DuraMarkets, although this claim may be viewed with skepticism given the lack of verifiable details regarding the connection between the two entities.
Location: ⚠️ DuraMarkets mentions being located in Comoros, a location NOT RECOMMENDED. If you decide to trust a company based here you should know that your money does not have any type of protection, it is very risky. Think twice before trusting this company.
We can already tell you that we are concerned about several characteristics of this company.
What is DuraMarkets?
After having carried out an analysis of the company's website, we can say that DuraMarkets is a: cryptocurrency broker.
Account types
| Types of accounts | Minimum initial deposit |
|---|---|
| Standard Account | $10 |
| Zero Account | $10 |
| VIP Account | $500 |
| Swap Free Account | $100 |
Information on the web
Here we show you a screenshot of the DuraMarkets website, whose domain is duramarkets.com. The capture was taken in August 2024.
Contact: phone numbers and email
After having performed an analysis of the website:
– We have found the following phone number: +971-48249604
– We have found the following email: [email protected]
DuraMarkets Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
This company mentions being regulated in Mwali, this location is used since the regulation of this type of country is practically non-existent. It is almost the same as working with an unregulated broker. That is, if you work with a broker with this type of regulation, unfortunately you are 100% unprotected. Therefore, at the regulatory level, unfortunately DuraMarkets is a completely dangerous and very unsafe broker.
🚫 DuraMarkets final evaluation 🚫
As you can see, we have carried out an exhaustive and complete analysis of the most relevant aspects of DuraMarkets and we have reached the following conclusions about this company:
Location: They claim to be located in a VERY UNSAFE place like Comoros.
Regulatory: They claim to be regulated by an unreliable and above all insecure regulatory entity, such as Mwali. There is a clear lack of security at the regulatory level.
DuraMarkets offers a bonus program that may seem attractive, as it doubles the trader's initial deposit up to a limit of $40,000. However, this type of bonus can be a tactic to attract inexperienced traders, creating a perception of greater capital available for trading.
DuraMarkets is a broker specialized in cryptocurrencies. DuraMarkets Ltd is reportedly the owner of DuraMarkets, although this claim is questionable due to the lack of verifiable details regarding the connection between the two entities. The company mentions being located in Comoros, a location that is not recommended for financial operations. Trusting a company based in Comoros means that your money has no protection whatsoever, which represents a significant risk. Additionally, the company claims to be regulated in Mwali, a jurisdiction known for its virtually non-existent financial regulation. This is almost equivalent to trading with a broker without any regulation, leaving clients completely unprotected. At the regulatory level, DuraMarkets is a highly dangerous and unsafe broker.
Additionally, DuraMarkets offers a bonus program that may seem attractive, doubling the trader's initial deposit up to a limit of $40,000. However, this type of bonus can be a tactic to attract inexperienced traders, creating a false perception of greater capital available for trading. These types of promotions often come with terms and conditions that can be difficult to comply with, which can result in a negative experience for the investor.
🚨🚨 Conclusion: For the reasons mentioned, our conclusion is that this is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨
Updates
News on DuraMarkets: “At the moment, there is no update on DuraMarkets.
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with DuraMarkets.
At the end of the review you will find customer comments.
How to Claim Money Lost by DuraMarkets
If you want to know how to recover your capital, if you have been a victim of fraud, below in the frequently asked questions section you can find our advice.
How to Report DuraMarkets
If you are dissatisfied with the service provided by the company and for any reason you want to report it, below, in the frequently asked questions section, you can find the best way to do so.
FAQs
Are there recommended alternatives to DuraMarkets?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report DuraMarkets?
We recommend that you contact the competent financial regulator in your country to report any problems with DuraMarkets. If you need more information, leave your comment here and we will help you.
Is DuraMarkets trustworthy?
DuraMarkets, a cryptocurrency broker with a website registered on June 29, 2022, presents multiple signs of unreliability. They claim to be located in Comoros, a location considered very unsafe. In addition, they mention being regulated by Mwali, a regulator that is not recognized as serious or safe, which reflects a notable lack of security and transparency in its regulation. Promises of extremely high returns also suggest they could be false. Be very careful before considering any investment with this broker.
How can I get my money back from DuraMarkets if I was scammed?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
This company will not let you withdraw. I assure you, I'm still trying to withdraw and I can't, don't do it, you'll thank me later. Greetings.
Hello José Luis Zapata, thank you for writing about DuraMarkets. Currently, this broker is considered a SCAM.
If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.
If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY
Greetings.