Founded in: 2011
Headquarters: St. Vincent and the Grenadines
Minimum deposit: $100
Languages available: English, French, German, Dutch, Spanish, Arabic
DuPont Financial, based in St. Vincent and the Grenadines is a subsidiary of FTD Limited, which was established in 2011, though the founders of the company have been working in the financial world for over 2 decades.
DupontFx offers a wide cross section of options with multiple trading platforms available through one account.
DupontFX used to offer several trading platforms, but at of our review update in October 2014, only the MT4 and Sirix social trading platforms seemed to be available, begging the question as to why the brokerage would suddenly reduce its offerings when so many other brokers are continually expanding their offerings. Furthermore, while the Sirix platform was mentioned in the Automated Trading section of the site, there was no clear place to actually register for the service. DupontFX does offer Android and iOS mobile trading services.
There are several account types to choose from. The DupontFX Managed Account is run by experienced fund managers who employ customized trading software in addition to their own proven trading techniques.
DupontFX offers its account holders the use of EA-trading robots which are coded to work with the MT4 trading platform. Robots have become very popular of late as they allow for automated trades based on algorithms when the correct market conditions occur.
Traders can choose from a wide range of currency pairs and several trading conditions. It is a custom solutions provider and can provide data feeds on any currency pair for qualified investors. They work with the best and largest liquidity providers in the world including HSBC, CitiBank, and Barclay’s Bank.
DupontFX also allows scalping for profits.
DupontFx’s website is clear and easily managed, though some information was a bit difficult to locate immediately. In fact, we were quite pleased to see that the information regarding the demo account was offered on more than one page of the site.
The only technical problem we really encountered during our DupontFX review was that the web-based platform includes a serious functional flaw: when viewing the shorter-term charts, the current price bar or candle is cut off by the right hand edge of the chart area, and so cannot be seen.
There are two ways to access their customer service, both of which are responsive and pleasant. Their “please get back to me” is a telephone request and the 24-hour chat is a live interactive online connection. There is currently no regulatory body supervision but one is forthcoming shortly.
DupontFX is somewhat of a new kid on the block, though their initial eagerness seems to be losing steam. Traders complain of difficulty withdrawing, and despite claiming to be on the road to regulation, nearly four years in, no published advances have been made. Though there are some reasons why traders would opt for an unregulated broker, we would strongly discourage this, especially when it comes to managed accounts. That being said, the DupontFX website gets points for being attractive and offering excellent promotions, though the promotions page was last updated 6 months before the publication of this DupontFX review update, so we question the validity of such offers.
Review info: DupontFX
Review Date: 2014-10-23
Rating : 1
Reviewed By : Sara Patterson (Google+)
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Figures resummarised. See earlier comment on 8 May'14
A/C 1 :- Deposit [2,000] – W/drawal [1,000] + Wins  + Bonus [1,000] = Balance [2,904]. And
A/C 2 :- Deposit [1,000] + Wins  + Bonus  = Balance [1,943].
UPDATES ON MY 2 OTHER ACCOUNTS
Separately, I have another 2 accounts and have been trying to make withdrawals a few days ago. The original investment amounts are USD2000 and USD1000 (6 months ago) and bonuses of USD1000 and USD500 were given. The position of the accounts as at 8 May’14 is as follows:-
Deposit / Win Bonus Balance
A/C 1 2000 904 1000 3904
-------- ----- ------ ---------
1000 904 1000 2904
A/C2 1000 443 500 1943
------- ------ ------- -------
2000 1347 1500 4847
===== ==== ===== =====
I have requested to make withdrawals of USD3347 (2000 + 1347) which are my deposit sums and the winnings’ amounts. However, I was informed yesterday that I am not allowed to do so as I have yet to transact the minimum number of lots. What a surprise as it was never made known upfront and even the customer service officer in my conversations with him all along have never mentioned these `so called bonus conditions’. I am protesting on this matter and will be following up with the broker on these rules and am currently waiting for them to work out the `so called’ entitled withdrawal amounts.
My other brokers do not have these conditions and I know a lot of them don’t. Overall, it has been a bad experience. They just want your money. Stay away.
TK,Malaysia 8 May14
Dupont FX Review - Stay Away from their Managed A/c (Autotrading A/c). What a load of BS!
I funded my account with USD5k and received an equivalent amount of bonus. Within about 2 weeks, the account was blown away with a loss of USD9,584.41.
From an analysis of the trades made [website doesn't allow the attachment], it is clear that the team is at best highly negligent, and at worst, fraudulent! Come on guys, you don’t make monies from your clients with that kind of lot sizes. There were 24 lots buy and 24 lots sell within a minute span, out of a USD10k account! Win or lose, imagine the amount of spreads they just made!
Separately, I have another 2 accounts and have been trying to make withdrawals since a few days ago. Online withdrawal is not available and request is made through emails. Their office did not answer the phone calls yesterday (voice message) and I now fear for the worst. The 24/5 support is all hype
TK,Malaysia 7 May14
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