A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 68 | 35% |
| Company age | 45 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 18 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 0 | 10% |
| Real-user sentiment | 8 | 8% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| FSCA | Derivatives Trading License (EP) | 44351 | South Africa | — |
Across 21 recent Trustpilot reviews, 0% are 1–2 star. The single most common complaint is being unable to withdraw funds (3 reports) — the classic warning sign in forex. Overall sentiment is positive, with most users describing smooth deposits, execution and support.
0Duo Markets is a forex and CFD broker based in South Africa, with records dating to 2021-08-17. It reports oversight from FSCA.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
On Trustpilot, Duo Markets holds a real-user score of 4.7/5 across 255 reviews. Withdrawal problems appear 3 times — always test a small withdrawal first.
Overview compiled by FXCanary from regulatory records and public data. full Duo Markets review