Duhani Capital: A Scam Broker Hiding Behind Fake Promises?

The investment and trading market is full of unregulated and scammy brokers, often opting to exploit traders, and some comments and reviews have put Duhani Capital under the same speculations. The broker has been proven to lack regulations and has a rising number of user complaints, leading to several concerns around its operations.

Duhani Capital Overview

Duhani Capital is an online trading platform that offers services on MetaTrader5 for trading in Forex, Commodities, Stocks, and Cryptocurrencies. Having a minimum deposit requirement of $10, it offers up to 1000x leverage.

However, even after its claims to holding MSB registration with FinCEN and partnership with Financial Master Management Ltd. in Dominica, there are concerns among traders about its regulatory status.

User Experiences and Feedback

When assessing the reliability of a broker, user feedback and reviews give significant insights necessary for the analysis. WikiFX has received a mixed response from users, with a notable few also seeking exposure due to their negative experiences.

Talking about the negative trader experiences, here are some instances as observed from the comments at WikiFX about Duhani Capital -

• A trader from Indonesia has spoken up about Duhani Capital, laying forward their potential scam tactic of withholding traders funds -

• Adding to that, another trader from Indonesia has also logged a huge complaint in the reviews, as follows -

They have also added the screenshots further as the proofs with all dates and specs highlighted -

• A Pakistani trader has also labelled Duhani as a scam broker in their comment, seeking exposure for their experience, as follows -

• Apart from these, traders from the US have also raised concerns about Duhani Capital, highlighting the slippage issues, regulatory risks, fund security issues, and more, as evident from the comments below -

Ranging from restricted withdrawal to slippage issues, spread manipulation without notice to users, regulatory risks, fund security issues, etc., there are rising complaints related to Duhani Capital, raising serious concerns about its credibility.

While a few of them may have been marked neutral, the statements depict a concerning operational tactic of the broker that puts traders and their funds at high risk.

The prevalence of exposure complaints, particularly regarding fund withdrawal issues and account terminations, aligns with common scam broker tactics.

What does WikiFX say about Duhani Capital?

WikiFX review of Duhani Capital marks it as a no-license holding broker with no valid regulatory details and potential scam risks.

The broker only has a trust score of 1.93 out of 10 and has been marked a high-risk broker with a warning urging the traders to stay away from the broker and be cautious of the involved risks.

Conclusion

As evident from the analysis based on all user reviews, lack of license and regulations, and the trust score of the broker, Duhani Capital could be marked as a scam broker. Traders are advised to avoid being involved with such scammy platforms, especially when dealing with money and investments. In false hopes of profit, these brokers could directly lead the traders towards huge losses of their hard-earned funds.

In contrast, traders are recommended to only choose regulated and reputable platforms to ensure the safety of their investments. As for those affected by the adversities of the brokers operations and scammy tactics, filing complaints and seeking exposure on platforms like WikiFX may assist.

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