Warning – Romania’s regulator, Financial Supervisory Authority has reported Dual Trade
Dual Trade Broker
Dual Trade (dual-trade.com) has caught the attention of both users and regulators. This Dual Trade review analyzes who dual-trade.com claims to be, the services it offers, its regulatory status, common red flags, and actions to take if you lose money.
About Dual Trade (dual-trade.com)
Dual Trade is a trading platform that has raised multiple red flags, making it important for users to approach it with caution. The company operates through dual-trade.com, while its secondary domain user.dual-trade.ltd is not working. The platform has also been warned by the Financial Supervisory Authority of Romania, which is a major sign that the service may not be trustworthy.
According to official information, Dual Trade does not hold any valid forex regulation. It is not authorized under Law no. 126/2018 to offer investment services, meaning it cannot legally provide the financial activities it promotes. The broker also claims to be regulated by Cyprus CYSEC under license number 138/11, but this license cannot be verified, adding to the concerns.
Public data shows the company has no reliable trading software, lacks transparency, and is not supervised by any top-tier regulator. These factors significantly increase the risk for users, as unregulated platforms often expose traders to potential fraud, data misuse, or sudden loss of funds.
Although Dual Trade promotes itself as a platform focused on empowering traders with technology and financial expertise, the reality suggests otherwise. Many indicators point to this being a high-risk or scam-like project, where users may experience financial loss rather than profit. For safety, it is best to avoid sharing money or personal information with this platform.
Lost Funds to Dual Trade?
If you have lost funds to Dual Trade, take action now. Fill out a form to ask for a case review and get fund-recovery assistance.
Is Dual Trade a Trustworthy Platform?
To figure out if dual-trade.com is trustworthy, consider the following points:
- Does the broker have a valid license from a top regulator (FCA, ASIC, CySEC, etc.)?
- Does the website have verifiable company registration information?
- The phone numbers, office addresses, and legal documents are real and can be traced.
- Are customer testimonials similar, or do a lot of users say that there are problems with the withdrawal?
Conclusion:
- With the lack of proper licensing or company information, the risk might be much higher. Always check before you deposit any funds.
How Risky Platforms Often Operate
Here are the suspicious trading platforms’ tactics that are used the most:
“Pig-Butchering” / Long-Term Manipulation
Scammers first build a connection through chat apps, social media, or dating sites and then lead the unaware to trading on platforms where they are eventually ripped off.
Clone Trading Platforms
Such platforms imitate real trading platforms — showing rising balances, charts moving favourably — but these are fake. Withdrawals may be allowed initially, then blocked later.
Other Indicators
- Calls or messages urging you to make large deposits.
- Assurances of very high returns with no risks and short waiting times.
- Requests for “taxes” or “clearance fees” to be paid before the cash-out can be processed.
- A website that looks perfect, but in reality, it just hides the lack of regulatory disclosure.
- Fake user reviews, getting celebrity endorsements, or buying reviews to create an illusion of credibility.
Warning Signs Associated with Dual Trade
- Absence of a valid, verifiable license number.
- The company address and contact information are either nonexistent or hard to trace.
- The application of forceful sales strategies is pushing for large deposits very quickly.
- The claim of “guaranteed profits” is not credible.
- The online reviews speak of payments being stopped, support disappearing, or staff being unresponsive.
What to Do If You Have Invested with Dual Trade
Should you have already deposited money with dual-trade.com and suspect problems, do the following steps right away:
- Stop all communication with the platform and the representative that is connected to it.
- Let your bank or payment processor know about it – inquire about charge-backs, blocking more payments, or recovering funds.
- Collect proof – keep all communication, screenshots of the trading platform, deposit slips, chat logs, email threads, and transaction IDs.
- Inform the authorities – reach out to your local police or cybercrime department and lodge a formal complaint. Also, inform the financial regulator that is relevant to your jurisdiction.
- Get professional help for the recovery – if the losses are considerable, consider very carefully reliable fund-recovery or legal assistance (check credentials, fees, and past cases before hiring).
Quick Summary
Dual Trade lack of regulatory oversight, along with the multitude of red flags, makes it a high-risk market. If you decide to go on, it is imperative to check its license, corporate identity, and withdrawal history first.
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