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The WikiFX Score of this broker is reduced because of too many complaints!

DDT

United States|5-10 years|
New Zealand Financial Service Corporate Revoked|Suspicious Overrun|High potential risk|

https://ddreamtech.com/

Website

Rating Index

Contact

info@ddreamtech.com
https://ddreamtech.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

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Broker Information

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Company Name

Digital Dream Technology

Abbreviation

DDT

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 5
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • New ZealandFSPR (license number: 548927) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 548927)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

DDT · WikiFX Survey

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DDT · Company Summary

Note: DDTs official site - https://ddreamtech.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

DDT Review Summary in 10 Points
Founded 5-10 years
Registered Country/Region Ukraine
Regulation Not regulated
Market Instruments Forex
Demo Account Yes
Leverage Up to 1:100
EUR/USD Spread From 0.3 pips on demo account
Trading Platforms MT4
Minimum Deposit Info not disclosed
Customer Support Email, Address

What is DDT?

DDT, abbreviation for Digital Dream Technology, is a global brokerage firm based in Ukraine. It offers Forex as market instruments to traders. However, it is important to note DDT is currently not regulated by any recognized financial authorities which raises concerns when trading.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Demo account available • Not regulated
• MT4 trading platform • Lack of transparency
• Tight spreads • Many negative reviews from their clients
• Website unfunctional
• Limited trading instruments
• Limited customer support options

DDT Alternative Brokers

There are many alternative brokers to DDT depending on the specific needs and preferences of the trader. Some popular options include:

  • ThinkMarkets- ThinkMarkets offers a user-friendly platform and competitive spreads, making it an excellent choice for traders of all experience levels.

  • JFD- JFD provides a diverse range of financial instruments and transparent trading conditions, catering to both retail and institutional clients.

  • FXCM- With its extensive educational resources and a wide selection of trading platforms, FXCM is a recommended broker for traders seeking a comprehensive learning experience.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is DDT Safe or Scam?

When considering the safety of a brokerage like DDT or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is not regulated by any major financial authorities, its FSPR (Financial Service Providers Register, License No. 548927) license has been revoked, NFA (National Futures Association) License No. 0512776 and License No. 0529483 are unauthorized, which means that there is no guarantee that it is a safe platform to trade with.

revoked FSPR license
unauthorzied NFA license
unauthorzied NFA license
  • User feedback: Total 28 pieces of exposures on WikiFX of unable to withdraw, scam, fraud, absconding etc. are serious red flags that cannot be overlooked, immediate attention and caution in any financial dealings with this broker is suggested when traders consider trading.

Ultimately, the decision of whether or not to trade with DDT is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

DDT provides forex trading servics to its clients, offering a comprehensive and diverse range of currency pairs to trade. With a focus on the foreign exchange market, DDT provides access to major, minor, and exotic currency pairs, accommodating the diverse preferences and trading strategies of its clients.

Accounts

DDT provides traders with access to a demo account, allowing them to practice and familiarize themselves with the platform's features without any financial risk. However, specific information regarding live account options, including account types, leverage, spreads, and other related details of live accounts, are not readily available on Internet. To obtain comprehensive information about DDT's live account offerings, interested traders are encouraged to directly contact the broker. By reaching out to DDT's customer support team, traders can obtain necessary details and make informed decisions when considering transitioning from the demo account to a live trading environment. This approach ensures transparency and clarity for prospective clients, enabling them to evaluate DDT's services effectively.

Leverage

Its said DDT offers a leverage up to 1:100 for their trading accounts. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller initial investment. With a leverage ratio of 1:100, traders can amplify their potential profits, as well as their risks, significantly. Traders who are experienced and have a solid understanding of risk management may opt for higher leverage to enhance their trading opportunities. However, it is crucial to approach leverage with caution and consider individual risk tolerance, as higher leverage also increases the potential risk.

Spreads & Commissions

DDT advertises competitive spreads starting from 0.3 pips, which can be attractive to traders looking for cost-efficient trading. However, specific information regarding commissions is not readily available on the website. Traders are encouraged to directly contact the broker to obtain comprehensive details about commission structures and related charges. Transparent communication with DDT's customer support team will help traders assess the overall trading costs accurately. By seeking clarification on commission-related matters, traders can make informed decisions when choosing DDT as their brokerage. It is essential for traders to have a clear understanding of both spreads and commissions to evaluate the overall cost of trading and ensure they align with their individual trading preferences and strategies.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
DDT From 0.3 pips Not disclosed
ThinkMarkets From 0.0 pips Variable (depending on account)
JFD From 0.3 pips Variable (depending on products)
FXCM From 1.3 pips Variable (depending on account)

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

DDT equips its clients with a seamless and powerful trading experience, offering them access to the widely acclaimed MetaTrader 4 (MT4) trading platform. As one of the most popular and trusted platforms in the financial industry, MT4 is renowned for its user-friendly interface, advanced charting tools, and comprehensive analytical capabilities. With MT4, traders can execute trades efficiently, monitor market movements in real-time, and implement various trading strategies with ease. The platform also supports the use of Expert Advisors (EAs), enabling automated trading and the implementation of custom trading algorithms.

See the trading platform comparison table below:

Broker Trading Platforms
DDT MT4
ThinkMarkets MT4/5, proprietary platform
JFD MT4+/5+
FXCM MT4

Overall, DDTs trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

Deposits & Withdrawals

Potential clients of DDP have the convenience of funding their accounts or making withdrawals through widely recognized payment options like standard VISA and MasterCard, providing a seamless and globally accepted payment solution. Additionally, for clients based in China or preferring Chinese payment methods, DDT offers exclusive options such as China UnionPay, WeChat, Alipay, etc., catering to their specific needs.

Payment Options

User Exposure on WikiFX

Encountering a total of 28 pieces of exposures on WikiFX, most related to difficulties in withdrawing funds, and some scam, fraud and system cases, these serve as an alarming signal that cannot be ignored when considering this particular broker. These serious red flags are indicative of potential risks and malpractices within the company's operations. Traders and investors must exercise extreme caution and conduct thorough due diligence before engaging with the broker. The documented instances of scams and withdrawal issues on WikiFX raise significant concerns about the broker's reliability and credibility. It is essential for individuals to prioritize their financial security and seek out brokers with transparent and trustworthy track records to safeguard their investments and avoid potential pitfalls. If you find such fraudulent brokers or have been a victim of one as well, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

DDT provides customer support through email. While some traders may prefer additional options like phone or live chat support for more immediate assistance, the email channel remains a direct and formal means of communication with the support team. However, it is essential to note that the absence of other support channels might be a consideration for those seeking more instant solutions to urgent matters.

Email: info@ddreamtech.com.

Registered address is also available as customer service channel for this broker:

Address: 8th Floor IQ Business Centre, 13-15 Bolsunovska St. Kiev, Kyiv City, Ukraine, 01014.

Conclusion

According to available information, DDT is a non-regulated Ukraine -based brokerage firm. While the firm offers Forex as market instruments to its clients, it is important to consider certain factors such as lack of regulations and 28 reports of scams, fraud and unable to withdraw that raise considerable concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from DDT before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is DDT regulated?
A 1: No. It has been verified that this broker currently has no valid regulation, their FSPR (Financial Service Providers Register, License No. 548927) license has been revoked, NFA (National Futures Association) License No.:0512776 and License No.: 0529483 are unauthorized
Q 2: Does DDT offer the industry leading MT4 & MT5?
A 2: Yes, it offers MT4 platform.
Q 3: Is DDT a good broker for beginners?
A3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and too many exposures on WikiFX.
Q 4: Does DDT offer demo accounts?
A 4: Yes.

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