Abstract：Duttfx Markets has been tagged as a ‘Scammer’ for its illegal forex trading business. Investors have been complaining about this Comoros-based forex broker on several review platforms. Withdrawal denials, pressure to make more deposits, trading manipulation, and account blocking are some raging issues affecting investors here. Read this exposure story to find out the truth.
Duttfx Markets has been tagged as a ‘Scammer’ for its illegal forex trading business. Investors have been complaining about this Comoros-based forex broker on several review platforms. Of the many reviews, it is observed that the brokerage company is only interested in acquiring capital from investors. The customer service, involving smooth communication and 24-hour support, is missing from Duttfx Markets. These inefficiencies have prompted its customers to express their anguish on many review platforms. We went through all and have shared a few of them here. Read them and discard your thought of investing in it.
A List of Wrongdoings by Duttfx Markets
More Deposits Via Trading Manipulation
Investors claim that Duttfx Markets manipulates trading figures to bring in more deposits from investors. It will show profit as loss, ask investors to load more money into the trading account, and the pattern continues! Here is one complaint we found regarding this act.
Capital Locked as Customers Can‘t Trace Duttfx Markets
Yes, it’s true! Sales executives working at Duttfx Markets call customers to get deposits. However, as customers look to withdraw, the executives will block their mobile number and lock their account so that the capital remains trapped. As these customers are not aware of the office address, the matter is more complicated. There have been multiple complaints regarding this issue.
An Investor Had to Take a Legal Route to Recover Funds
Frustrated over the inability to withdraw funds, one investor took a legal route to recover his funds from Duttfx. He searched online and found a legal firm, which took his case and helped him recover funds. Check out this snapshot.
Never Fall for Its Fake Trading License
Duttfx not only manipulates the trade position, but it also manipulates investors with a fake trading license, making investors believe that it is a genuine forex broker. However, things are exactly the opposite at Duttfx Markets. This complaint will likely draw your attention and prevent you from falling for its fraudulent tactics.
Examining Duttfx Markets from a Regulatory Perspective
Despite being operational for over two years, Duttfx Markets has failed to acquire a license from a competent financial authority. Investors can never feel assured with this unlicensed forex broker, as evident from their negative reviews on multiple platforms. As nothing works in favor of investors, we at WikiFX, the worlds leading forex broker regulation inquiry app, have given it a score of 1.38 out of 10.
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