DDMarkets claims to be the best FX signal service. The signals include daily updates and the trading approach. Subscribers receive them via email and the active FX alerts are displayed in a dedicated dashboard. The service focuses on day and swing trading. The vendor claims that it is known for its accuracy and reliability stating that the FX alerts are suitable for all traders and investors. A longer timeframe is used to ensure more pips are generated as per the existing volatility of the currency pair.
Is investing in DDMarkets a good decision?
On evaluating the features, strategy, and performance, we find this is not a trustworthy firm. While the vendor boasts of providing service since 2014, there are no verified trading results or backtests. The lack of a proven track record, insufficient support, and vague explanation of the trading approach are a few of the downsides that make us suspect this is not a reliable service.
This company has been providing service since 2014 and encompasses all the leading financial markets. As per the info provided by the company, its main objective is to provide FX signals with elaborate market analysis and strategies.
We could not find a location address or phone number for contact on the official site. To contact support, an online form is the only method available. The lack of vendor transparency and inadequate support options make us suspect the reliability of the firm.
Important features that the vendor promotes for the service include:
- Trade analysis with each signal.
- Daily updates sent via email.
- Easy to follow and simple interface.
- Compatible with all types of brokers.
- Desktop and mobile accessibility.
As per the vendor, the company has a proven strategy with more than 7 years of effective results. The expert traders of the company monitor the market and release the trade alerts after the technical evaluation confirms the trend along with fundamental support. Besides Forex, the company also provides strategies for crypto and CFD markets. Medium, swing, and long-term approaches are part of the services.
The method of signal generation involves four steps namely research, entry, analysis, and signal generation. With the first step, the firm analyses the market condition using various strategies. In the next step, the company gathers potential entries using technical analysis and identifies the optimal trades which are then issued via email to members.
An entire section of the official website is dedicated to providing info on the pricing. The cost of the service varies based on the type of signals you want. For the Global trade alerts, the price ranges from $59.90 up to $230.60.
Intraday strategies cost ranges from $49.70 up to $74.40. Both plans are available together as Advanced integration plans that cost $128.70 for the 30-day plan and $392.40 for the 90-day plan. Other pricing plans include the custom research plan which costs $49.70, and the Crypto signals plan, which costs $71.50 for the 30-day plan.
A separate section is provided for the performance. In this section, we can see the trade alerts, effective predictions since the beginning of the firm in 2014, and the drawdown management. A summary of the performance of each quarter from 2014 is present.
Unfortunately, these are not verified by a third-party site like Myfxbook, FXBlue, etc. The vendor claims that the company does not rely on such sites for its performance. The lack of verified proof raises a red flag. Furthermore, there are no backtests which also raises doubts concerning the reliability of the service.
We found 4 reviews for this company on the Forexpeacearmy site with an overall rating of 2.538. Here are a few of the recent testimonials of users.
From the above feedback, we can see that the signals have resulted in a series of losses and that the company provides misleading info. Another user complains about the poor customer support and the steady losses caused by the service. The user also mentions the lack of verified trading results on the official site. The feedback confirms our evaluation of the trading results and strategy indicating this is not a trustworthy firm.
DDMarkets claims to provide a worthwhile trading opportunity via its service. Our evaluation of the functionality, strategy, performance and other characteristics of the company reveals that it is not a trustworthy firm. While the vendor provides elaborate info on the trade alerts, pricing, and performance there is verified proof.
The lack of verified trading results and backtests makes us suspect the reliability of the service. Further, the pricing plans look expensive when compared to similar services in the market. The lack of a refund and negative user feedback are other shortcomings that confirm our suspicion about the reliability of this service. In short, we do not recommend this service.
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