Ddtmarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-12-15 17:30

Abstract：Ddtmarkets is a forex broker allegedly registered in China, with its website not informative (lots of essential information missing, including the founding time, the company behind it). Clearly, Ddtmarkets is not subject to any regulation, so it is unsafe to trade with this broker.

　　General Information & Regulation

　　Ddtmarkets is a forex broker allegedly registered in China, with its website not informative (lots of essential information missing, including the founding time, the company behind it). Clearly, Ddtmarkets is not subject to any regulation, so it is unsafe to trade with this broker.

　　Official Website Unavailable

　　Since Ddtmarkets official website cannot be opened at this moment, and we can only grab some related information from some broker-reviewing website to get a rough idea of this broker.

　　Market Instruments

　　Ddtmarkets offers trading in forex pairs, commodities, as well as crypto currencies (such as BTC, ETH, BCH, and more).

　　Minimum Deposit

　　There are five trading accounts on offer on the Ddtmarkets platform: Micro, Silver, Gold, Diamond, and VIP accounts. The minimum deposit to start a most basic account, that is the Micro account, is 2 BTC. This is ridiculously high. Assuming the current bitcoin to USD rate is 1 BTC=$50,000, you deposit of 2 BTC is worth $100,000. The unpredictability of cryptocurrencies means that risks associated with trading forex using bitcoin are much greater.

　　Leverage

　　Ddtmarkets offers leverage up to 1:400, which is considered high. Leverage can amplify gains as well as losses, and trading with an unregulated broker offering such generous leverage is not a good option.

　　Spreads & Commissions

　　Ddtmarkets does not disclose its spreads and commissions conditions. Unregulated brokers love to hide their trading costs or advertise that they offer low trading costs to attract and then scam innocent traders.

　　Trading Platform Available

　　When it comes to trading platform, Ddtmarkets does not provide its clients the MT4 or MT5 trading platform. Since this broker is not subject to any regulation, then what trading platform it uses does not matter that much.

　　Customer Support

　　Ddtmarkets cannot be reached through any telephone number or email address, which is a red flag saying Ddtmarkets is a scam broker.