DUHANI

Duhani Capital Overview

Company History & Background

Duhani Capital began trading from late 2022 or early 2023. Established in Dominica, the physical address is 43 Great George Street, St. George, Roseau, Dominica, while an office has also been opened in Albania. The broker cites: growth at an exponential rate; the use of proprietary tools and software; and global expansion.

Product Highlights and Features

MT5 available on Desktop, Web & Mobile

Four different account types: Standard, Zero Spread, Commission-Free and VIP

Instrument offerings include 33+ currency pairs in addition to stock CFDs, Index CFDs, Commodity CFDs, Metal CFDs, Energy CFDs, and Major Cryptocurrency CFDs.

Account features include Zero Spread Accounts, Commission Free Accounts, Fast Execution, 24/7 Access to Platforms, 7 Language Support, and Introducing Broker Incentives.

Regulations

Duhani Capital functions under extremely limited regulatory supervision, with no confirmation of oversight by any financial authority.

Regulatory Status

Regulatory Authority License Number Status

FinCEN 31000280238735 Registered as a MSB

Dominica Financial Authority Not Applicable Unregulated

Financial Master Management, Ltd (Claimed) 2023/C0010-0004 Unverified

Trading Conditions and Platform technology

Trading Conditions

Attribute Details

Spread Starting at a variable 0.6 pips

Leverage 1:1000

Minimum Deposit $1

Commission Zero on the majority of accounts, $5 for VIP

Technology

MT5 provides many advanced indicators, automated trading features, the ability to execute trades quickly, and access to the platform across multiple devices.

Fee Schedule

Fee Type Details

Deposit Fee No deposit required

Withdrawal Fee No withdrawal fee

Inactivity Fee No inactivity fees

Commission Zero on all but VIP accounts; $5 for VIP accounts

User Experience and Reputation

User reviews are mixed across popular review sites.

Positive Comments:

Easy to navigate platform

Quick execution times for trades

Great IB commission program

Negative Comments:

Difficulties with withdrawing funds

Manipulation of spread rates

The sudden closure of an account

The number of positive reviews on Trustpilot is limited when compared to more frequently negative posts on WikiFX & Forex Peace Army.

Developing News

Duhani Capital intends to build on their growth strategy from 2024-2025, despite being unregulated and under scrutiny. As of today, there has been no additional information released by any financial authority providing updated regulatory information.

Final Thoughts

Because Duhani Capital provides traders with attractive trading conditions such as high leverage, low trading costs, and MT5 support, they may be a great choice for traders just starting. However, because Duhani Capital does not have a regulatory authority and has not provided valid licensing claims, in addition to negative user reviews, the potential for loss may be very high. Traders must take additional caution, evaluate the amount of risk they are prepared to assume and, where warranted, verify by some other means that the broker is legitimate prior to placing funds.