Duvaro Review Company Information
Duvaro is a legally registered forex broker located in Nevis but not regulated by any government agency.
The company accepts deposits (and allows withdrawals) in the form of cryptocurrency we well as bank transfers, and credit cards ( MasterCard and Visa).
Duvaro accepts clients from all over the world excluding the USA and some jurisdictions that are embargoed by the US.
- Account funding is available in various cryptocurrencies.
- 1:10 leverage offered for cryptocurrency trading.
- Simple registration and verification process.
- Tight spreads on major currency pairs.
50+ Currency Pairs Based on major and minor world currencies.
Crypto Pairs Based on Bitcoin, Ethereum, Dash, Litecoin, Ripple.
Main global Indice CFDs are Based on baskets of different blue-chip stocks.
Metal Spot CFDs Based on Gold, Silver and Copper.
Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
COMPREHENSIVE DUVARO REVIEW
Duvaro is offshore forex, CFD, and cryptocurrency broker established in 2022. They are incorporated in the popular offshore jurisdiction Nevis, but unfortunately do not provide service to residents of the United States and a few other countries.
The broker distinguishes itself from other more traditional forex brokers by only accepting deposits and withdrawals in the popular cryptocurrencies bitcoin, thus offering nearly instantaneous deposits and withdrawals. It is, however, not regulated by any financial regulator, but this also means that the broker can offer higher trading leverage and has the flexibility to deal with cryptocurrencies.
The broker also places a lot of emphasis on the safe storage of the cryptocurrencies it holds on behalf of clients, which it claims is managed with the help of “a proprietary hardware-software combination solution.”
Duvaro offers their clients more than 50 currency pairs to choose from, in addition to crypto CFDs on several of the main cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Other available trading instruments include CFDs based on popular metals, as well as oil, natural gas, and a variety of global stock indices.
For Forex, available leverage goes up to 1:30, and up to 1:100 for commodities and indices.
With cryptocurrency trading, the leverage available is up to 1:100, which definitely provides a boost to a trader’s profit potential compared with the unleveraged crypto trading products normally available at other cryptocurrency brokers. As with other crypto brokers and exchanges, cryptocurrency trading with Duvaro is open 24 hours a day, 7 days a week.
Regarding trading platforms, Duvaro.io offers all clients access to its own proprietary trading platform Duvaro.io Webtrader. The platform is a browser-based online trading platform that offers access to markets with available trader’s favourite Trading charts and tools, and seamless integration of the trading platform and account management area.
Duvaro also offers its the standard Desktop and mobile versions of the same platform. Duvaro.io Webtrader and offer a wider range of base currencies for trading accounts and more available cryptocurrency instruments.
Although trading fees do apply when trading with Duvaro.io, the fees are stated explicitly on the broker’s website for increased transparency.
Deposits and withdrawals, however, have no fees, but withdrawals are subject to a minimum amount of $100. There is a minimum deposit requirement of $250 to get started with Duvaro.io
The company will also make sure that deposits are automatically credited to the client’s trading account after confirmation.
Customer service is available through support email and social media platforms like Facebook and Twitter. The website also allows clients to send a message with their enquiries, and the company promises to reply “as soon as possible within 24 hours.” The support team is available 24 hours a day, 7 days per week.
Most general enquiries are answered in the FAQ section provided, which ranges from questions about their trading platforms, to account management and login details, as well as technical questions about the swaps and spreads offered.
Unfortunately, trader education does not seem to be a focus area for the broker, and there is a very limited amount of content available that goes into details on the crypto market and how it differs from forex and other markets. We assume this is because the broker is still fairly young, and that this will improve over time.