Read our Ducas Banc review to see if we recommend this broker for trading. Just to clear doubts, this is a ducasbanc.com review. They also use ducasbance.com domain.
Is Ducas Banc Legit?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.
So, Ducas Banc is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Ducas Banc reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back Ducas Banc?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact [email protected] but don’t let your broker know they you read this article or that you are contacting us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Ducas Banc reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Ducas Banc, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Ducas Banc Review Conclusions
Making the Ducas Banc review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Ducas Banc review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I have been scam by this website. I was on YouTube this AD came on advertising Tesler and also mentioned the name of my Prime Minister Justin Trudeau. Afterwards I clicked on the ad link teseakosnv.com, The first thing it asked me to confirm if I am Canadian I did, it opened with the name Bukasbance.com a company I never heard of. Then the chat opened, I ignored it. Then right away my phone rang and it was the person who was on the chat. I asked her 3 times if this was Tesler, she assured me yes it is. So I proceeded to talk with her. She was asking me all kinds of questions. Then she told me to trade I will have to deposit $250 USD. She asked me for my Debit Card bank information, She took out the money from it. Then at the end she told me in 4 to 5 hours a broker will call me. The call never came, so I sent an email address with the email she sent me. Then the broker called, he was not very fluent in English, I couldn’t understand what he was saying and he didn’t seem to understand me, so he became very hostile towards me and then hung up. I emailed the company to let them know what has happened and I let them know I am cancelling my account and I want a refund. Then I checked them out on Google only to find out that they are a Swiss Forex Company that resides in Zurich. Then I realize that was the reason for the foreign accent. Since March 29, 2023 till now we have been exchanging emails back and forth concerning my refund of $250 USD to no avail. They keep asking me to send identification to prove I was the one who made the deposit. So far I sent them 4 pieces of Id they were approved, although only 2 were required, but it is still not enough. I told them to just send back the money to my debit card to my debit card.
I called the bank today to have a chargeback done as you suggested. They took all the information, and said they will have to cancel my debit card and I will have to get a new one because they can withdraw more funds. And they will get back to me when the investigation is done
(1/5)
DUKASBANCE is a 100% SCAM !!!
They will call you claim that they are a registered trading broker company in Dufourstrasse, 8008 Zürich, Switzerland and regulated under local authority and also claim that they have an office in Canada at ‘120 Adelaide street west Suite 2500 Toronto M5H 1T1’. ALL LIES NON OF THE ABOVE IS TRUE, YOU CAN VERIFY IF YOU WANT.
As part of the account opening process, they will ask you for the following document: Driver license, Electricity bill, Interac e-transfer confirmation email. THEY CAN USE THIS FOR IDENTITY THEFT LATER.
Two professional scam artist Max Berge ([email protected]) and Felix Anderssen ([email protected]) (ALL FAKE/SUDO NAMES) were assigned to me. These scumbags are such professional scam artist that they will make you believe they are genuine. They use fake demo account and show you good profits which is too good to be true. They also have a product called ‘bitcoin arbitrage’, although the concept/product exist in the market, its a fake product with them.
Their goal is to get as much money as possible from you, they can assess your personality and the situation you are in to determine your vulnerability and press you accordingly for money. Once they get enough money and feel they won’t get anymore from you, they will abruptly stop contact with you.
In my case, they came up with a great story that, as per Canadian regulation they need a physical office in Canada and until they open one, they will have to close all Canadian client accounts and pay them out. Now to pay me out they wanted me to pay taxes, (we know all income taxes are withholding tax (TDS)) but these guys wanted me to make an advance payment and not deduct it from my FAKE trading account. And if I didn’t pay the so-called taxes my account balance will be sent to the Swiss tax department (we know this is BS that’s not how it works!).
Bottom line I LOST ALL MY MONEY THAT I “INVESTED” with DUKASBANCE.
STAY AWAY FROM THESE SCUM BAGS, THEY HAVE RUINED INNOCENT PEOPLES LIVES, DON’T LET THEM GET YOUR!
(1/5)