DUTTFX (Dutt FX Markets Ltd) claims to have been founded in 2020 and is purportedly registered in Comoros, with additional addresses in the UK and Anguilla. However, it has no license from reputable financial regulators such as FCA (UK) or ASIC (Australia).
The broker advertises trading on MT5 platform with instruments including forex, commodities, stocks, and crypto CFDs. It offers three account types: Standard (min deposit ~$1,000, spreads from 1.4 pips), Elite (from 0.9 pips, deposit ~$15,000), Pro Plan (from 0.2 pips plus commission, deposit ~$50,000) and leverage up to 1:500.
But importantly, DUTTFX operates without credible regulation. The sole alleged regulator, MISA from Comoros, is widely considered unreliable and likely fictitious by regulators and analysts.
Numerous reviews and watchdog reports reveal persistent complaints: withdrawal denials, account freezes, requests to deposit more, manipulated trades, and domain hopping to evade detection
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