Score

1.58 /10
Danger

DDM

Australia

5-10 years

Regulated in Australia

Investment Advisory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index3.05

Business Index7.53

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-16
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 352828)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

WikiFX Verification

DDM · Company summary

Note: DDM Global's official website: https://www.ddone.com/ is currently inaccessible normally.

DDM Global Information

DDM Global Limited, founded in 2000 and domiciled in Australia, operates as an unregulated brokerage, offering clients a comprehensive system service through its MetaTrader 4 (MT4) white label platform.

DDM Global's homepage

Is DDM Global Legit?

ASIC
Australia Securities & Investment Commission (ASIC)
Current StatusExceeded
Regulated by Australia
License TypeInvestment Advisory License
License No.352828
Licensed InstitutionDDM SECURITIES PTY LTD

DDM Global purports to be regulated by Australia Securities & Investment Commission (ASIC), however, its current status with ASIC is marked as ''Exceeded. In addition, the address listed on its regulatory license, belonging to ANDREW DEMURA, Level 3, 139 Collins Street, MELBOURNE VIC 3000, has been verified through an on-site investigation conducted by WiKiFX to be devoid of any physical presence by the company.

Exceeded ASIC license

Downsides of Capital Markets

  • Unavailable Website

DDM Globals unavailable website prevents users from accessing their accounts, conducting transactions and seeking help.

  • Lack of Transparency

Insufficient information about DDM Globals, cost structure, and policies will be inconvenient for users to trade and also diminish user trust.

  • Regulatory Concerns

DDM Global purports that it is regulated by ASIC, but its current status is 'Exceeded'. In addition, the listed address has no physical presence, which increases the possibility of fraud.

Conclusion

Trading with DDM Global has significant risks as the platform lacks normal regulation. For safer investments, its better to choose regulated brokers with clear informstions overseen by official regulatory.

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