Duar Soft: real reviews of traders about the company’s work in 2023
The company Duar Soft promises its clients to become champions in investing, offering optimal conditions for successful trading. Starting the path to financial independence with Duar Soft sounds extremely tempting. But how well does the company fulfill its promises? We will tell you about this and much more in this review.
What do clients say about the company?
According to Duar Soft, they already cooperate with over 160,000 investors. However, real customer reviews are strikingly rare. This suggests that the company has only recently started actively promoting its activities.
An analysis of the domain history and data on duarsoft.com shows that the company’s official website was created at the end of 2016, but until recently the domain was for sale. Doubts arise about the company’s honesty and intentions.
Users who leave reviews note that Duar Soft does not provide reliable and timely technical support. This information is supported by the fact that the contact details provided on the website are limited to just an email address. The company only responds to customer inquiries until a conflict arises.
Legal aspect
Duar Soft claims to have five international licenses. However, the site only presents information on regulation from the following organizations:
- FCA (UK), license not specified,
- FSC (Mauritius), license No. G500377519,
- IFSC (Belize), license No. 64/806/ED/28.
Nevertheless, the company also states that it complies with the legislation of offshore Vanuatu and intends to resolve disputes and conflicts in this territory. According to experts’ experience, the chances of recovering invested capital are extremely slim.
Regarding licenses, all of them turned out to be fake. Documentary evidence of the verification is available in a screenshot, showing that none of the regulators, including FCA, FSC, and IFSC, have any information about the company Duar Soft.
Commercial terms
Duar Soft does not have a demo account for training. Immediately after registration, the user is offered to choose from three tariff plans with different parameters, including deposits from $150 to $10,000, leverage from 1:100 to 1:500, and other additional features.
- Deposits – $150, $1,000, $10,000,
- Leverage – from 1:100 to 1:500,
- Lightning-fast order execution,
- Deposit insurance, transactions with metals and cryptocurrencies (according to the tariff),
- Round-the-clock support and protection of deposits from a negative balance when replenishing by $10,000.
Customer reviews point to serious problems Duar Soft has with financial discipline. The company may allow clients to withdraw a small profit initially, but then aims to deceive them for large sums. After that, clients either stop receiving responses to their inquiries or face significant withdrawal fees.
Investor reviews
Recently, Duar Soft had an impeccable reputation, but the first reviews are beginning to appear, containing negative information. Judging by the current state of affairs, it is likely that the number of negative reviews about Duar Soft will only increase. If you have interesting information about the company – share it with other users by leaving reviews under our review.
Conclusion
Duar Soft deliberately lures traders into a debt trap. By setting an extremely generous leverage (up to 500x), the company convinces clients to use margin trading and begins to simulate successful trades at first to build trust among users.
However, when attempting to withdraw funds, clients encounter a problem – they cannot even withdraw their initial deposit until they fulfill all obligations to the company. Considering the platform’s dubious nature and its management, earning here becomes almost impossible, and clients risk losing their funds.
My experience with Duar Soft as a broker in 2023 was profoundly disappointing. The communication was consistently below par, often failing to provide timely responses to inquiries related to my investment portfolio. Worse, the advice I received about potential investments left a lot to be desired, often lacking depth and insight. The platform’s user interface was not user-friendly either, causing unnecessary stress and confusion. I also experienced a few occasions where they mishandled my financial data, leading to compromising situations. Overall, I’m unhappy with the poor professionalism, low quality of service, and lack of transparency exhibited by Duar Soft. I wouldn’t recommend this broker to anyone seeking reliable, competent brokerage services.