Score

1.48 /10
Danger

DDO.INC

United States

2-5 years

Suspicious Regulatory License

Fake MT4

Regional Brokers

Suspicious Overrun

High potential risk

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Comparison

Quantity 1

Exposure

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Score

Regulatory Index0.00

Business Index6.74

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

DDO.INC

Company Abbreviation

DDO.INC

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0182582) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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DDO.INC · Company summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

DDO.INC Review Summary
Founded 2-5 years
Registered Country/Region United States
Regulation NFA (Unauthorized)
Market Instruments Precious metals
Demo Account Available
Leverage N/A
Trading Platforms Mobile app
Minimum Deposit N/A
Customer Support 24-hour live chat, email

What is DDO.INC?

DDO.INC is a company that claims to offer trading in precious metals and other commodities. However, there is no evidence that the company is legitimate. The company's website is poorly designed and does not provide any detailed information about trading conditions.

DDO.INC's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Demo accounts available • Unauthorized NFA license
• Multiple payment options • Lack of transparency
• 24-hour customer service availability • No MT4/5 supported
• No clarity on commission and fee structure

DDO.INC Alternative Brokers

There are many alternative brokers to DDO.INC depending on the specific needs and preferences of the trader. Some popular options include:

  • GOLDAY PRECIOUS METALS - a reputable precious metals dealer, providing a secure and reliable platform for investors to purchase and store precious metals, making it a recommended choice for those interested in diversifying their investment portfolio with physical assets.

  • Chancellor Precious Metals - offers a wide range of precious metal products and storage services, earning a positive recommendation for investors looking for a trusted partner to buy, sell, and safeguard their precious metal holdings.

  • Igold - With a user-friendly interface and a variety of investment options, igold is recommended for investors seeking an accessible and convenient platform to invest in precious metals and capitalize on market opportunities.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is DDO.INC Safe or Scam?

DDO.INC is not a legitimate company. The United States National Futures Association (NFA, License No. 0182582) license they are using is unauthorized.

NFA license

Besides, their website is poorly designed and does not provide any info on trading conditions. If you are considering investing with DDO.INC, I strongly recommend that you do not. There is a high risk that you will lose your money. You should only invest with companies that are regulated well and have good reputation in the industry.

Here are some tips for avoiding scams:

  • Do your research before investing. Check the company's website for information about the company.

  • Be wary of high-pressure sales tactics. If a company is pressuring you to make a quick decision, it is probably a scam.

  • Only invest with companies that you trust. If you are not comfortable with a company, do not invest with them.

Market Instruments

DDO.INC provides a various market instruments, with a particular focus on precious metals trading. As a financial platform, DDO.INC allows traders and investors to access various precious metals, such as gold, silver, platinum, and palladium, through Contracts for Difference (CFDs). These CFDs enable market participants to speculate on the price movements of precious metals without physically owning the underlying assets.

How to Open a DDO.INC Account?

Step 1: Scan your photo ID in order to start your application. You need to upload them in the application process. This will enable your application to be approved as soon as possible

Submit your ID card. It must be with photos

Documents that can be approved include:

Unexpired / valid photo driver's license

Unexpired / valid photo passport

Unexpired / valid image government issued ID card

Step 2: Fill in the online account opening application form.

registered account

Step 3: After your account application is approved, you will receive an email with your account number and detailed remittance path. Please add it to your email address book so that your email will not be missed as spam.

Step 4: You can use bank wire transfer, official bank draft or even credit card to inject funds into your trading account. Note that the broker does not accept any third-party remittance.

Trading Platform

Instead of the leading MT4/5, DDO.INC only offers a mobile app as its trading platform. With the mobile app, users can execute trades, monitor their portfolios, access real-time market data, and receive price alerts, all from the palm of their hand. The platform ensures seamless and efficient trading, allowing clients to stay connected to the markets and respond quickly to market movements. Additionally, the trading platform operates from 7 a.m. on Monday to 4 a.m. on Saturday (Beijing time), providing extended trading hours to accommodate various time zones and international markets.

mobile app

Deposits & Withdrawals

DDO.INC offers several convenient payment options for both deposit and withdrawal processes. Traders can fund their accounts through Online banking/Quick C2C, PayPal, Alipay C2C, and USDT.

Deposits

Each payment method may have different processing times, and more detailed information can be found in the provided screenshot.

Deposit details

Deposits are swiftly processed, enabling traders to start trading promptly with the funded amount. When it comes to withdrawals, DDO.INC ensures a seamless and efficient process, allowing traders to access their funds quickly and conveniently.

Customer Service

DDO.INC offers 24/7 customer support via live chat and email. The email address is SERVICE@DDOFX.COM. The company has two headquarters, one in the United States and one in Asia. The U.S. headquarters is located at 211 Freedom Road, Trinidad, CO 81082, and the Asia headquarters is located at Unit D, 16/F, Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.

contact details

Conclusion

Based on the information above, I do not recommend trading with DDO.INC. The company is not legitimate and there is a high risk of losing money if you trade with them. Besides, the company's website is poorly designed and does not provide details about trading conditions.

Always prioritize the safety of your investments and transactions, and make informed decisions by gathering as much reliable information as possible. If you have any doubts or concerns about DDO.INC or any other financial service provider, it is best to err on the side of caution and explore alternatives that are well-established and transparent in their operations.

Frequently Asked Questions (FAQs)

Q 1: Is DDO.INC regulated?
A 1: No. It only holds an unauthorized United States National Futures Association (NFA, License No. 0182582) license.
Q 2: Does DDO.INC offer demo accounts?
A 2: Yes. 50000 yuan of virtual cash and last for 15 days.
Q 3: Does DDO.INC offer the industry leading MT4 & MT5?
A 3: No. Instead, it offers a mobile app.
Q 4: Is DDO.INC a good broker for beginners?
A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

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Sato Kentaro
more than one year
Haven't had any major issues, but haven't experienced any 'wow' factors either. 😐
Haven't had any major issues, but haven't experienced any 'wow' factors either. 😐
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2024-06-28 14:39
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Surachai Chatchavalavanic
more than one year
Hidden costs everywhere! And the risk management tools are pretty basic. Not what I expected from a professional trading platform.
Hidden costs everywhere! And the risk management tools are pretty basic. Not what I expected from a professional trading platform.
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2024-06-26 14:32
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