DuraMarkets review and ratings

Company information

DuraMarkets is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).

Availability

DuraMarkets accepts clients from all over the world, excluding some countries where restrictions apply.

Distinctive features

• Simple registration and verification process.
• Free VPS service for accounts with a balance of $5000 or more.
• Cryptocurrency funding accepted.

Trading instruments

Forex broker offers the following underlying assets for trading.

Comprehensive review

First registered in 2024, DuraMarkets is a fairly new offshore forex broker that offers high trading leverage and access to a wide selection of trading instruments on the classic MetaTrader 4 (MT4) platform. The broker is officially registered in Comoros Union, but has its physical headquarters in Dubai.

Just like most other forex brokers that are registered in offshore havens, DuraMarkets stands out by accepting crypto deposits directly into trading accounts. What this means is that traders who for instance face restrictions on international money transfers from their home country, or who don't even have a traditional bank account, still have a chance to trade with an international forex broker. In our view, this is undoubtedly a good thing for the global forex trading community.

Looking at the trading instruments that DuraMarkets makes available, it's clear that this broker is trying to cater to most categories of traders. The selection includes more than 70 forex pairs, most of the major global stock indices, precious metals, energies and a few large-cap cryptocurrencies. The main thing that is missing from this list, however, is single stocks. This is a bit strange given the otherwise wide selection of assets, and unfortunately this means that stock traders need to look to other brokers for their trading needs.

Once a decision to trade with DuraMarkets has been made, new clients need to choose which type of trading account to go for. With this broker, the choice is between four account types, each with their own pros and cons depending on each trader's needs:
– Standard account, with a $10 minimum deposit, $5 commissions, and spreads from 0 pips
– Zero account, with a $10 minimum deposit, no commissions, and spreads from 0.4 pips
– VIP account, with a $500 minimum deposit, $2 commissions, and spreads from 0 pips
– Swap Free account, with a $500 minimum deposit, $2 commissions, and spreads from 0.6 pips

As already mentioned, all trading accounts on DuraMarkets can be funded with crypto, which interestingly enough is the only funding method the broker accepts. All clients need to do to fund an account is to click on the “Deposit” button after logging in to the trading account, select the trading ID to deposit the funds into, and then choose a cryptocurrency to deposit. The system will then automatically generate a wallet address that the funds can be sent to.

At the time of writing, the accepted cryptocurrencies for deposits and withdrawals are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and the stablecoin Tether (USDT). All deposits are processed free of charge by the broker, although normal network fees for the selected cryptocurrency needs to be paid by the trader.

DuraMarkets' customer support can be reached via phone, email or live chat. Unfortunately, the broker has not published any information about its support team's working hours, which makes us doubt that 24 hour support is available here.

In conclusion, we should stress once again that DuraMarkets is still a relatively new broker, which means that it does not yet have much of a track record. There are few customer reviews available for this broker, and we therefore have to rely on the information the broker has provided to us. With that said, however, DuraMarkets appears to have a solid and competitive offering in our view, and it could certainly be an interesting broker to look at, particularly for crypto-native traders.