Read our Duvaro review to see if we recommend this broker for trading. Just to clear doubts, this is a duvaro.io review.
Who are they?
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 notoriously famous for scamming schemes.
So Duvaro is just another unregulated forex broker, which means the customers are not 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.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying 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, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
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 does not 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?
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 a 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 you were deceived into depositing for a trading company that is not regulated and 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 us at [email protected] but do not let your broker know they you read this article or that you are in contact with 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 that 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 the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. 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 do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Duvaro in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, 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 please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Duvaro Review Conclusions
Making the Duvaro review is actually a pleasure for us, and we hope to save as many people as possible 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 Duvaro 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.
Be very cautious to deposit to this company! I tried to withdrew my fund over 3 weeks now, and still “pending”! This is a unregular “broker”! Another scam for sure!
This so call Duvaro is a scam! I tried to withdrew my fund even it was “gain” , but until now I can not have any response, and its been more than a month now! Even this very morning a guy call me said he is the manager, if I can put another $1000 he will “guarantee” I can have my money back!
Well yes this is a CON but luckily it cost me £200 to find this out. I deposited the money via my Credit Card then I discovered that to progress was beyond my Scope and explained to them in writing of this and was guaranteed to refund my money as i had not activated the Software. So let this be a lesson to you all – it is a SCAM
Duvaro is a SCAM! All was well until I asked to withdraw my money. I have put in two requests for my money back and sent messages on Whatsapp. I emailed their support . No-one has got back to me and I can’t get in touch with them now.
David H- do not put any money in. I refused to put the money and the guy (manager called Tyler) did not answered anymore to my emails or phone. Plus he spent all my money buying and therefore lost everything.
(1/5)
I have invested £2800 and the balance is now at £4836 I have paid them 436 gbp commission and they have not sent my money , isn’t it strange that both Vincent and Adam seem to be offline and not responding to my messages , I want to take legal action but do t know where to start
Duvaro is a scam. They looted my £200, cheap bas**rds. Do not fall for them.
Don’t bother with these guys. Kept me sweet for months with balance going up and down. Wanting me to invest more. Just logged in to my account to find a zero balance. Invested £1250. Got top equity of £4000 to tempt me to invest more but I was reluctant fortunately.
I hope a meet them one day …. might even get my contacts in Switzerland to find them.
(1/5)
I was contacted by Duvaro, and I invested £1200.00, the funds grew to £3750.00 and when I requested my funds to be returned I was duped by a chap called Adam. he told me I had to pay my commission fee before I could have my money returned, I did this and then he disappeared, no longer able to be contacted. The fee was another £520.00. When I spoke to another chap called Damian, eluding to be in accounts with Duvaro he told me Adam no longer worked there, and the account I sent my commission too was fake. he told me to send my money to another account, in the end I did (another £520.00 and now for the last 2 months Damian tells me that the money they sent me was stuck and that they are in dispute with their bankers. Now Damian tells me that they are having problems with the FTX. This company is a fraud and they are giving me the run around. DO NOT USE THEM AT ANY COSTS
Duvara they r Scamper
Please please don’t Invest money with this sort of people We don’t know where they calling from we don’t know where they talking from they had £2400 of me my balance is zero They not answer ur call Report to Action Fruit and you will get your money back guys
I started with 250£ and shots had profit of 250. The account manager ask to put 1500£ so can have x 2 bonus and since last the account manager is not answering me.
I was deceived by Duvaro, they are definitely conmen.I trusted them with my money and they took it and ran with it.I gave them access to my Kraken account so they could deposit a dividend and they stole what was in my account.Shame on me for trusting these conmen.
I admit, they got me. Persuaded to invest more and more, trades going amazing well up to the point when (despite asking to close the account) you tell them you have no more to invest. Suddenly all trades go badly, and all your money disappears. And as others have said, you are ignored.
(1/5)
Guys! It is really a shame we have been all scammed with this! I have a weird story with them it seems. I deposited 1250£. Tyler was his name, called me and asked me about stocks and we chatted, made me feel he’s a genuine person. Once I asked for 500£ and they sent it to me in 1 day. Ended up losing 2000$ with them. But I am definitely not sitting quiet about this. If anyone is willing to do something try to contact me please. My email is [email protected]
They started off well and did pay me back a little bit $200 a month for 3 months but I had invested $8k, when the money got up to $30 I wanted to withdraw some to have the best Christmas. Within 5 days it was all gone, they did some crazy trades and I lost it all. Now I’m going to lose my family and house. I used a credit card for protection but seems this doesn’t help as I was aware and made the payments willingly. Please don’t do what I did stay away from Duvaro
(1/5)
With Duvaro the guy call Daniel Lawrence ask me to invest starting with 250 and he ask if I paid 500x 2 so the company with give bonus of 1000 as soon I deposit money he block me from what’s up. And with FXrevenues the took 18000£ and lost it all . Think this people are sand group