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DDMarkets Review: Is It a Scam?


DDMarkets claims to be the best Forex signal provider for online trading. According to the vendor, this system follows the latest market developments to produce reliable signals. However, we need to analyze its various performance aspects to gauge its true profitability.

Apart from the fact that it was founded in 2014, there is very little information on the parent company. We don’t know where this organization is based or whether they have developed similar systems in the past. Also, the vendor has not revealed the identities of the team members. Thus, DDMarkets does not impress us when it comes to vendor transparency. 

DDMarkets generates Forex trading signals for swing traders, part-time traders, and day traders. It researches the markets based on pre-developed strategies and identifies potential entry points with the assistance of technical analysis. Users receive the signals via email along with the charts.

DDMarkets trades on longer timeframes like daily, weekly, and monthly charts. The trader can also see the price range for the execution of the signal. This system works with ECN and STP brokers and you can use it with platforms like JForex, cTrader, NinjaTrader, MT5, and MT4. With every trade, it uses a stop loss.

With DDMarkets, the risk-reward ratio is usually 1:3. The system chooses different take-profit and stop-loss orders based on the pair being traded. When the volatility of the pair is high, the take profit and stop-loss orders are larger. Traders can choose their own leverage depending on the scheme and their individual trading style.

Trading strategies and currency pairs

DDMarkets generates signals for all volatile and non-volatile pairs. However, the vendor has not clearly explained the trading schemes it follows. Experienced Forex traders always look for strategy-related information before investing in a signal provider, since it helps them determine whether the system would be profitable for them. Therefore, the lack of strategy insight will deter many of them from investing in DDMarkets.

Backtesting results are vital for automated trading systems. Vendors usually test their automated strategies using historical data in order to determine their robustness and profitability. Since this is a signal provider and not an expert advisor, there are no backtesting results available.

DDMarkets trading statistics

Growth chart of DDMarkets

Growth chart of DDMarkets

The vendor has not shared any links to authentic trading accounts on the official webpage. After conducting our own research, we found this trading account on Myfxbook that was launched on June 19, 2016. The account ceased trading on August 20, 2016, and as we can see, its performance was quite disappointing.

During its short stint in the Forex live market, DDMarkets conducted 204 trades through this account, winning only 8% of them. It suffered a total loss of $37061.96 and reached an extremely high drawdown of 99.91%. Thus, it is evident that the system follows a high-risk trading scheme that leads to heavy losses. The daily and monthly gains for this account were -0.29% and -95.57% respectively, while the profit factor was 0.06.

Trading results of DDMarkets

Trading results of DDMarkets

Looking at the trading history, we can see several consecutive losses. The worst among these resulted in a loss of -251.27%, which translates to $13122.05. This is definitely not the kind of results you’d expect from a reliable signal provider.

Pricing and refund

There are two integrated plans for this signal provider and these include global trade alerts and intraday signals. The monthly plan costs $138.70, while the quarterly plan is priced at $392.40. Both of these plans are quite expensive and we don’t think they are worth it, based on the abysmal trading performance. Also, the vendor does not entertain any refund requests.

What else you should know about DDMarkets

User review on the Trustpilot website

User review on the Trustpilot website

There are a few customer reviews for DDMarkets on the Trustpilot website. One of the users has criticized the service, claiming it makes early exits. They claim to have lost quite a lot of money while using this signal provider. Apparently, when they explained the situation to the customer service team, they only gave excuses for the system’s failure. There are only a handful of reviews for DDMarkets on Trustpilot and Forexpeacearmy, which tells us that not many traders consider it reliable.

DDMarkets Conclusion


We cannot recommend this signal provider to traders, mainly because it doesn’t have decent live statistics. Since the vendor has discontinued the trading results, it is obvious that they don’t have any confidence in their own system. The lack of strategy insight is one more reason for avoiding this service.

  • Price – 4/10
  • Strategy – 3/10
  • Trading Results – 2/10
  • Vendor Transparency – 2/10
  • Customer Reviews – 2/10
  • Support – 2/10

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