DDMarkets Review

DDMarkets

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 PlatformsMT4, MT5
Currency PairsAll currency pairs
StrategyMultiple strategies
TimeframeDaily, weekly, monthly
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes

DDMarkets functionality

Features of DDMarkets
Features of DDMarkets

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. 

Working method of DDMarkets signals
Working method of DDMarkets signals

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

Explanation of the DDMarkets strategies
Explanation of the DDMarkets strategies

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

Trading performance of DDMarkets for 2015 and 2016
Trading performance of DDMarkets for 2015 and 2016
Monthly performance report of DDMarkets
Monthly performance report of DDMarkets

 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.

User reviews

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.

User complaining of heavy losses and poor customer service
User complaining of heavy losses and poor customer service
User complaining of big losses with DDMarkets
User complaining of big losses with DDMarkets

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 Summary

DDMarkets
2 5 0 1
DDMarkets claims to be the best signal service in 2021. Our evaluation of the functionality, strategies, and performance revealed by the vendor we find that this is not a trustworthy firm. For starters, the vendor provides insufficient info on the trading approach and there are no backtests present which makes it difficult to understand the approach. Although the official site has performance reports from 2014, these are not verified results. A lack of vendor transparency and inadequate support are other downsides that expose the unreliability of this company. To conclude, we do not recommend this FX company.
DDMarkets claims to be the best signal service in 2021. Our evaluation of the functionality, strategies, and performance revealed by the vendor we find that this is not a trustworthy firm. For starters, the vendor provides insufficient info on the trading approach and there are no backtests present which makes it difficult to understand the approach. Although the official site has performance reports from 2014, these are not verified results. A lack of vendor transparency and inadequate support are other downsides that expose the unreliability of this company. To conclude, we do not recommend this FX company.
2/5
Total Score
  • Functionality
    2/5 Bad
    Insufficient explanation of the research, analysis, and signal generation process.
  • Trading strategy
    2/5 Bad
    Insufficient info on the strategies used and no backtesting reports present.
  • Live results
    2/5 Bad
    Performance report present but is not verified by a reputed site like myfxbook or FXBlue.
  • Customer support
    2/5 Bad
    Only an online contact form is present for contacting support.
  • User reviews
    2/5 Bad
    Negative user reviews indicate poor performance and bad customer service.

The Good

  • Manual research
  • Multiple strategies

The Bad

  • No verified track record
  • Lack of vendor transparency
  • Negative user reviews
Total
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