DuraMarkets says it does not serve residents of 20 countries and regions, including the United States of America. Its own sign-up form still lets you choose United States as your country.
Why this matters
You can open and fund an account the contract says you cannot have. If DuraMarkets later applies that same list, your country becomes a reason to refuse your withdrawal.
Exhibit 1Every flagged clause gets its own number so you can point at this one. The number does not change, so a link to it keeps working.CriticalHow much this clause can cost you, in our reading. Critical can take your money or your profit. Warning can delay or limit it. Notice is simply worth knowing before you sign.Rarely seenHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.20The figure this clause puts a number on, taken from the broker's own words.
DuraMarkets does not offer its services to residents of the following countries and regions: Afghanistan, Belarus, Burundi, China, Congo, Crimea (Region of Ukraine), Cuba, India, Iran, Iraq, North Korea (Democratic People's Republic of Korea), Romania, Russia, Sri Lanka, Sudan, Syria, Turkey, Indonesia, the United States of America, Venezuela, and Yemen.
Buried at section 40 of 49 in the Client Agreement, 82% of the way through.We counted the numbered sections in the Client Agreement. This clause sits in section 40 of 49, about 82% of the way through. A fee written on the first page and the same fee written near the end are not the same disclosure.
Our readingOur own comment on the clause, not the broker's words. Anything we quote is marked as a quotation.The restriction is genuinely enforced in the sign-up form for 19 of the 20 named places, so the filter exists and works. United States is left selectable inside a list that excludes India, Turkey, Iran and Russia by name.
- Worse together with Exhibit 2Read these two clauses together. Each one costs more because the other exists.A barred country plus a withdrawal test DuraMarkets applies alone gives it a ready reason to hold your money.