A-DuoVation has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Investfing.org. We’ve received over 6 complaints against A-DuoVation.
A-DuoVation promises to be a secure broker, yet they lack transparency and regulatory clearance. To avoid scams, always check a broker’s license and read reviews. A-DuoVation uses questionable procedures, charges hidden fees, and provides terrible customer service. It is safer to invest with known, licensed brokers to ensure a secure and fair trading experience.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is A-DuoVation Regulated? Do They Have a License?
A-DuoVation offers itself as a trustworthy and secure broker for trading on the financial markets. To make an informed decision, it is necessary to learn more about its activities and regulatory status. We’ll explain why you should be cautious about A-DuoVation and how to find a trustworthy broker alternative.
The most important feature of every financial service provider is its regulatory status. Licensed brokers disclose complete information about their operating company, location, authorized jurisdictions, and regulatory organizations that regulate their activity.
A-DuoVation claims to be located and licensed in both Cyprus and Dubai. However, no corporate name is provided on the website, and the Terms and Conditions page specifies Vanuatu as the applicable country. A search of key financial regulators finds that no regulated broker uses the A-DuoVation name and domain. Additionally, the Bank of Russia has warned investors that A-DuoVation is functioning unlawfully. This lack of transparency and contradicting facts should cause substantial worry among potential investors.
The lack of regulation or the presence of poor regulation is a huge red flag. It means A-DuoVation might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of A-DuoVation, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at A-DuoVation
A-DuoVation provides a basic web trading platform without substantial customization possibilities or additional features. This platform is frequently used by fraudulent brokers to trick people into believing their money is being invested and earning. In contrast, licensed brokers often provide well-known software such as MetaTrader 4 (MT4) and MetaTrader 5. These platforms offer extensive features, customisation choices, and automatic trading support, all of which are essential for a really authentic trading experience.
A-DuoVation requires a minimum deposit of $150, which is consistent with industry standards. For the same money, you may open an account with a reputable and licensed forex broker that has reduced entry requirements, making it ideal for new investors.
Notably, A-DuoVation only accepts cryptocurrency. Financial scammers favor cryptocurrency because of its anonymity and incapacity to request refunds, which adds another layer of risk for potential investors.
A-DuoVation claims to provide a diverse selection of trading instruments, such as currency pairs, equities, indices, commodities, and cryptocurrency. However, given the website’s anonymous nature and absence of governmental control, there is no guarantee that any trading is going place. It is always safer to invest with certified and regulated brokers who guarantee transparency and security.
The trading interface shows an extremely low spread of 0.1 pip, which may indicate further hidden trade commissions. A-DuoVation does not provide clear information regarding these charges, which creates uncertainty for dealers. Furthermore, A-DuoVation provides high leverage ratios of 1:100 to 1:500, which are not permitted for regulated brokers in the European Union due to associated risks. Reputable brokers limit retail traders’ leverage to protect them from large losses.
A-DuoVation does not define withdrawal conditions, although frauds often include hidden fees and other impediments that prevent withdrawals. In contrast, regulated brokers ensure that withdrawal policies are clear and fair, with no excessive restrictions.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
A-DuoVation Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
A-DuoVation Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if A-DuoVation might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online A-DuoVation reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of A-DuoVation, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like A-DuoVation enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “A-DuoVation reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising A-DuoVation.
You should always look out for consumer complaints. In the case of A-DuoVation, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about A-DuoVation? You can share your complaint in the comment section or submit an anonymous tip.
Is A-DuoVation Legit Or a Scam?
A-DuoVation is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind A-DuoVation can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust A-DuoVation?
A-DuoVation advertises itself as a trustworthy broker, the lack of transparency, regulatory difficulties, and several red flags indicate caution. Investors should choose established and licensed brokers to ensure the safety of their cash and a fair trading experience. Before making an investment, always check the broker’s regulatory status and read reviews.
All the evidence suggests that A-DuoVation might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
