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DUTTFX Exposed: Fake ASIC & FCA Claims
Don't be fooled by DUTTFX! Falsely claims ASIC & FCA regulation, operates without authorization, putting your funds at risk. Read the truth and avoid this forex scam.

Operating status: SCAM

Website: https://www.duttfxmarkets.net/

Broker violations and abnormal records
  • May 25, 2022 BrokersView has reviewed that DuxMarket is an unregulated forex broker

    DuxMarket, owned and operated by Dutt FX Markets Ltd, claims to be an ASIC and FCA-regulated broker. However, we didn't find any result matching this broker from the registry of ASIC and FCA. So DuxMarket is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    DuxMarket, owned and operated by Dutt FX Markets Ltd, claims to be an ASIC and FCA-regulated broker. However, we didn't find any result matching this broker from the registry of ASIC and FCA. So DuxMarket is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Jul 16, 2025 BrokersView has identified that DUTTFX's website is currently offline

    BrokersView found that the domain "https://www.duttfxmarkets.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "https://www.duttfxmarkets.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Related Complaints

Q&A Complaints

Stay away from DUTTFX. It’s not worth even a penny.

Marzena
Guyana
Oct 27, 2025
ANSWER Dear Investor, Thank you for your message. DUTTFX has indeed been identified as a scam and was flagged by our team some time ago. Its official website is currently inaccessible, and we strongly advise against any further engagement with this platform to avoid potential financial loss. Previously, DUTTFX falsely claimed to be regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). It has also received numerous complaints from users regarding suspicious activities and unresolved issues. If you’ve encountered issues with DUTTFX, we recommend gathering all relevant evidence—such as transaction records, chat logs, and screenshots—and reporting the matter to your local authorities. You may also file a complaint via our official website here, where our team will review your case and provide support or potential solutions. Stay cautious, and thank you for helping raise awareness.
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Is DUTTFX Legit?

ed annan
Malaysia
Dec 10, 2024
ANSWER Dear Investor, We understand the distress and frustration this issue has caused you. We regret to inform you that we have long marked DUTTFX as a suspicious broker. It previously falsely claimed to be regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), but now it alleges to be licensed by the Mwali International Services Authority (MISA). However, it is critical to note that the Central Bank of Comoros, which solely oversees the island's financial matters, has announced that MISA is a fabricated entity devoid of any regulatory authority. This renders DUTTFX still unlicensed. Another compelling piece of evidence of the platform's fraudulent nature is the constant complaints from DUTTFX's clients. We urge you to discontinue any engagement with DUTTFX to prevent further potential losses. Report it to your local authorities. If you need our assistance, you are encouraged to file a complaint on our platform. We are always here and ready to help you.
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35 comments

Muneeb Mughal World
I advice you, don’t use this broker ever. Don’t invest even a single cent in it
Oct 27, 2025
Reply
Muneeb Mughal World
Fraud broker.
Oct 27, 2025
Reply
Dijish Mullapalli
Website:https://www.duttfxmarkets.net/Highly Scam activities, Big loss experienced
Sep 18, 2025
Reply
MAYA PRITHVI DURA GURUNG
I cannot withdrawal my money from forex broker account please help me they told me i should pay first personal income tax which is 20% than i can withdrawal i have all proof please help me
Jul 08, 2025
Reply
Kane
Іnvеѕtіng wіth thіѕ рlаtfоrm turned out to be a disaster. They blocked all clients from withdrawing their funds and used manipulative tactics to pressure people into depositing even more money. Don’t fall for it! To recover my funds, I had to hire a legal team. I found Kavellon through an online search and contacted them about my withdrawal issue. They took on the case and successfully helped me recover my money.
Jul 02, 2025
Reply
Vishnu Gopinath
Did anybody received your money back from this broker?
May 21, 2025
Reply
Ravichandran Ramamoorthy
Before putting money continuous follow-up's , and after no response for withdrawal request . One of the biggest fraud scammer in UAE . Even small platforms good . Dutt a big fraud
Jan 22, 2025
3
Reply
Jovita
Worst company, big scammers , taken our money after forced investing , and never answer the calls and reply to msg, when required to deposit they keep calling , after investing the abscond, really sad as people , trust such platform and they harm innocent people in no time ..
Jan 18, 2025
1
Reply
Jovita
Can I have information on this company ..we invested too , kindly mail to jovisjo@gmail.com, we also need help how can we revert the money back is there any way ..are they really scammers
Jan 09, 2025
Reply
Official BrokersView
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit：https://www.brokersview.com/complaint service@brokersview.com
Jan 09, 2025
Reply
aji denny john
https://www.brokersview.com/questions-answers/is-duttfx-legit-4453
Jan 08, 2025
Reply

1-10 of 35 comments

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