DupliTrade

Overview & Introduction

DupliTrade has been receiving an increase of attention amongst traders on the internet and in forums. There is very limited access to information about the broker, so I'll provide you with a rundown of what we know about the broker, how they fit into the landscape of the financial services industry today, and what are the main features and/or advantages that should be considered by traders when evaluating the viability of DupliTrade as a partner to support them on their trading journey.

DupliTrade is a trading broker that allows its clients access to numerous financial instruments. Although very little detailed data about how they operate, how long they have been in business, and what the current regulations applicable to the way they operate are available, I will do my best to provide the reader with as much of the current insights as possible regarding DupliTrade. In doing so, I will also outline the critical components that a trader may want to consider when evaluating DupliTrade as an option in their trading journey.

Background And History

Ava DupliTrade is part of the AvaTrade Group, the company has developed a system to trade on a platform and facilitate the connection of automated trading capabilities to Ava MT4/5 through the support and services of AvaTrade's Japanese sister company, DupliTrade.

DupliTrade is a platform provider that facilitates the connection of one or more of the best traders and the most reputable automated trading (Expert Advisor) developers worldwide to the users' account on AvaMT4/5. Due to the regulations of the company and the Japan Financial Instrument and Exchange Act, AvaDupliTrade will only provide algorithmic EA derived buy/sell signals through their platform to the AvaMT4/5 clients of AvaTrade Japan.

Major Features And Benefits

Although brokers like Duplitrade usually have a wide range of features that support traders in successfully implementing their trading strategies; however, because there are limited amounts of publicly available information for Duplitrade, I can only provide you with a limited overview of Duplitrade's features.The broker may have features common to many brokers, which may include access to many different asset classes, a user-friendly platform for trading, and tools for analyzing trades and managing risk, among others. Specifics on the features of Duplitrade are currently unavailable. Therefore, traders will have to look at general features when they consider the broker. These features typically include:

Access to Forex, Commodities, Indices, and, perhaps, even Crytocurrencies-that is, currency pairs traded in Foreign exchange, commodities traded on commodity markets (for example wheat), and trading indices (the S&P 500), as well as the potential availability of Cryptocurrencies (Bitcoin, Litecoin, etc.)

Copy Trading and/or Social Trading-on their own, allowing traders to copy each others' trades in near real-time; and usually provide access to all traders' trade data.

A mobile trading platform and/or desktop trading platforms.

Educational materials, information related to the broker, and ongoing support or customer service.

These features are often the most important in determining whether a broker will be suitable for an individual trader.

Regulatory compliance and Licensing

Regulatory compliance and licensing is viewed by the industry as being critical to creating trust and ensuring security for Customers. Currently, no verified information is available concerning the regulatory licenses or compliance status of Duplitrade, which means that traders should be careful and conduct proper due diligence prior to trading with Duplitrade.

The following regulatory summary table shows how brokers will normally present their regulatory and licensing status. However, at this time, the information for Duplitrade is not available.

Regulatory Information summary table. Regulatory Information summary table for Duplitrade.

Trading Conditions and platform technology

Trading conditions (what we refer to as trading conditions) are an important consideration for all traders. As such, trading conditions include the: spreads and (Traders can access market data and utilize the various tools available from brokers to execute trades in real-time (charts & other tools). Brokers typically provide traders with information regarding their trading conditions on the broker's website in a tabular format (with columns being rows of data) on the particular broker's website. Duplitrade does not currently publish this table due to the fact it has not made publically available a verified version of its trading conditions.

In addition to providing clients with information on their trading conditions, some brokers will also provide clients with additional fee structure information. Since Duplitrade has not yet published a verified fee structure, a detailed fee structure/fee schedule table similar to those published by other brokers (e.g., forex brokers) on their websites is also not available at the present time.

When there is insufficient information available to draw conclusions about a broker's user experience and market reputation, traders will often read various internet reviews or refer to client testimonials related to their experiences with a given broker. Third party's (e.g., financial consulting firms) reviews of the broker's platform are also another way for traders to gauge the reputation of any given broker.

For new customers who may be considering using Duplitrade, we highly recommend exercising caution before using any broker with limited public information regarding the broker. New clients should contact Duplitrade directly before depositing money into a broker's account and request that they confirm any credentials for the broker before doing so. Additionally, there are many trustworthy financial advisory and community sources that provide helpful information about brokers and the particular trading platforms they utilize.

Simply put, a reasonable amount of trustworthy information is not currently available from Duplitrade, and although the broker may offer trading services to clients there is insufficient data available on the following aspects of the broker; the regulatory bodies of Duplitrade, the conditions under which traders trade with Duplitrade (the trading environments under which the traders will be trading), the fee structure(s) of Duplitrade and so forth that are publicized on the duplitrade.com website.

Traders interested in trading with Duplitrade should take all the necessary steps to perform adequate due diligence, verify all information before making any deposits and only partner with brokers that they feel are sufficient in their level of transparency; only a partnership that is based on mutual trust, complies with the regulations and has open channels of communication will lead to either secure or successful trading experiences for the trader.