DDMarkets (Digital Derivatives Markets) is an online trading service specializing in providing precise and appropriate global market info. The company established in 2014 claims to deliver signals that include a wide-ranging analysis of the market and strategies. Daily updates form a part of the services this company offers.
Besides Forex, the company also provides CFDs and Crypto trading services. As per the vendor info, the company has a seven-year track record, and beginner as well as experienced traders benefit from the services. The signals created by the firm can be applied to day trading and swing trading. They are sent through email and include info like TP, risk ratio, protective stop, and more. There is no location info, phone number, etc. present on the official site. The lack of info on the team and the support raises our doubts about the reliability of this company.
DDMarkets at a glance
|Price||$138.70/month to $392.40/quarter|
|Trading Platforms||MT4, MT5|
|Currency Pairs||All currency pairs|
|Timeframe||Daily, weekly, monthly|
The company states that its services are transparent, reliable, and the strategy is revealed for each signal it generates. Both sell and buy signals for indices, cross, commodity, Forex, and crypto are provided. Although the vendor states that all the required details are provided with the signals, we could not find info on the recommendations for the deposit, leverage, and other such details.
Manual research is done which the vendor claims help in making adjustments, according to the ranging markets and the volatile conditions. Along with the signals, the service provides info like the probable drawdown, risk ratio, and the estimated duration. The vendor explains that the analysis is done on longer timeframes like monthly, weekly, and daily charts. All the signals are generated in real-time and come with a price range that starts from 20 pips to 50 pips or more.
DDMarkets trading strategy tests
According to the vendor info, the strategies used are based on many fundamental and technical strategies. Price action is favored by the vendor, and the trend and reversal approaches are the two common strategies used. If a particular trend for a currency pair or a cross is anticipated to continue the trend is combined with a reasonable SL.
The reverse signals are used when a downtrend or uptrend is found. There is no further info on the trading approach which makes us doubt the dependability of the service. Furthermore, there are no backtesting reports present which raises a red flag.
What about DDMarkets real trading results
For performance proof, the vendor provides monthly reports from May 2014. The monthly performance report includes daily pips gain, the trading instrument, and the issuing date. A detailed report on the approach and updates generated are also present in the report. However, these are not verified by a reputable site like myfxbook, fxblue, etc. The absence of a verified track record raises a red flag for this service.
We found 4 reviews for this signal provider on the Forexpeacearmy site with an overall rating of 2.538/5. Here are a few of the testimonials.
From the feedback, we can see that the performance report of the company is misleading and its customer service is poor. As per the user review, most of the trades have ended in losses. The feedback confirms our analysis of the suspicious trading approach and performance info that the vendor provides.
DDMarkets Review SummaryDDMarkets
Functionality2/5 BadInsufficient explanation of the research, analysis, and signal generation process.
Trading strategy2/5 BadInsufficient info on the strategies used and no backtesting reports present.
Live results2/5 BadPerformance report present but is not verified by a reputed site like myfxbook or FXBlue.
Customer support2/5 BadOnly an online contact form is present for contacting support.
User reviews2/5 BadNegative user reviews indicate poor performance and bad customer service.
- Manual research
- Multiple strategies
- No verified track record
- Lack of vendor transparency
- Negative user reviews