Duplitrade was released as an Expert Advisor for cryptocurrencies and forex in 2017. There are claims that it is an advanced solution which traders can benefit from greatly if they sign up.

We like the fact that the website doesn’t feature any flashy promo videos or any kind of exaggerated claims about the performance of the software. We also like the layout of their website and simple design which makes it appear very professional and authentic.

Skip the Content & Read the Final Conclusion

But is Duplitrade a trustworthy solution? Is it as real as it appears to be? Let’s find out in this details Duplitrade review.

We recommend you to Proceed to Safe Robot OR find a Reliable Robot to trade with form the table below:

Top Forex Robots

RobotWin RatioOpen Account
Up to 200%
Read Review
83%
Read Review

Basic Information:

  • Price: Free
  • Software: Automated
  • Max Returns: Unknown
  • Min Deposit: $250

Pros:

  • Fully Operational

Cons:

  • Does not Have Special Features
  • Performs Poorly
  • Negative User Feedback
  • Shady Connections

Top10BinaryDemo Verdict

Not Reliable Service

What is Duplitrade?

Duplitrade is a forex and cryptocurrency signal service that connects traders with brokers and strategy providers. According to the team, the purpose is to allow traders to choose an efficient signal provider that suits their trading goals and style and duplicate the trades that are executed by them.

The developer of the program is anonymous and there is no information available about their owning company. They claim to be located in England, but it is not possible to confirm anything at the moment.

Interesting Fact:

The concept of copy trading was introduced in 2005. According to a number of studies conducted between 2012 and 2013, traders who follow suggested investors on prominent platforms perform 10% better on average than those who trade manually. The concept is useful, but it is crucial to be a part of a good network to reap the benefits.

How Does Duplitrade Work?

Duplitrade presents users with 5 options when it comes to choosing a Strategy Provider. In their terms a Strategy Provider is a market expert that trades in real time. When a user picks a provider, all the trades that are executed by the expert are automatically copied into the account of the trader.

>> Proceed to Secure Trading System <<

Their providers are named Cryptoz, Spider, Titan, Legacy and Spider. They have different specialities, different strategies and they focus on different assets from the forex and cryptocurrency markets.

But when we took a deeper look into the working mechanism of the software, we found out that their entire concept is based on ‘Copy Trading’, also known as “Social Trading”.

The software allows traders to copy the moves of others. The Strategy Providers they have mentioned are simply other traders. Detailed information about them are missing. There are statistics available for the different strategies, but they don’t look realistic. We also performed a search on the internet about this system and its providers, but did not get any results.

After conducting a massive research, we can say that Duplitrade is just an auto-trading software. It lacks special features and is not capable of meeting the trading requirements of its users.

How to Get Started?

To open a Duplitrade account, there are some steps that must be followed. Here’s what it includes:

  • Sign Up – complete the form available on their website
  • Join a Broker – a broker will be assigned and you have to register with them
  • Choose a Strategy Provider – you can choose one out of the five that have been listed.
  • Activate Software – software can be used on auto-pilot mode to allow trades to be copied into your account.

You must however keep in mind that the minimum deposit amount required to open an account with Duplitrade is $5000 which is very high.

The software is not proven to work and since we have doubts regarding its genuineness, we don’t advice traders to invest $5000 into this system.

Is Duplitrade A Scam or Legit?

Chances are quite high that Duplitrade is a potentially dangerous scam. We don’t understand why they claim that it is a free software when the minimum that is needed to get started is a whopping $5000.

Even the best forex and cryptocurrency brokers on the market require a minimum deposit of only $250.

When talking about the brokers, we aren’t happy with the selection made by Duplitrade. The brokers are new and they don’t have good reputation in the industry. In fact, they are known for suspending users when they make withdrawal request. What this means is that once traders put their funds into their accounts, there is no way of getting it back.

NOTE: FOR A BETTER ALTERNATIVE, VISIT OUR PROVEN-TO-WORK INVESTMENT PLATFORM

It is a good thing that Duplitrade offers demo trading features. But the bad thing is that the trading results don’t match. The success rate and returns using the demo mode is relatively higher when compared to the live trading conditions. It is extremely upsetting that even the demo trading features of Duplitrade are unreliable.

Lastly, we tried looking for information on the person or group that created Duplitrade. To our disappointment, there is no information available on their website or anywhere else on the internet. We have no option but to believe that Duplitrade is a fake company that has been created to trick traders into signing up with shady brokers.

Final Words

Given the fact that the minimum deposit requirement is $5000, it would have been good if the results presented on their website was validated by an independent party. But sadly, neither the results are verifiable, nor the accounts of traders who claim to have earned substantially using this system.

Taking into account all the scam factors, feedback from users and information we have gathered during our research, we can confirm that Duplitrade is a bogus software. There is nothing genuine about this investment program and therefore we encourage readers to stay away from it.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on DupliTrade to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if DupliTrade is generating high profits. We found many reasons that made us suspicious about this robot being a scam.

 

In order to protect traders from bad trading experience and financial loses we recommend you to

Visit Best Rated Robot OR Choose One of the Top Systems Above

 

visit_top-rated_robot_t10demo_btn




Related Posts

David

David

Hello!
I am David Raines, a Forex trader with years of experience in online trading. I write reviews of Forex Brokers, Auto Trading Software and Signals Providers.
David

Latest posts by David (see all)