DTTW Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and * exposure review!
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DTTW has the best support ever. friendly, fast and always there for you. They are quite professional and a very trustworthy business partner. Thank you for your perfect support.
This broker seems to be dedicated exclusively to day trading. But I see on wikifx that it doesn't have any regulatory info. Has anyone traded with it? Can you tell me how it is?
The overall sentiment surrounding Day Trade The World (dttw) is mixed, with users expressing both satisfaction and skepticism. While many appreciate the trading tools and educational resources provided, concerns about regulatory oversight and transparency persist. Notably, the requirement of a significant initial deposit and various fees has raised red flags for some potential users.
Note: It's important to recognize that dttw operates through various entities in different regions, which may impact user experiences. This review aims to provide a balanced perspective based on available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 5 |
| User Experience | 6 |
How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and factual data gathered from various sources.
Founded in the early 2010s, dttw (Day Trade The World) is an unregulated proprietary trading firm based in the United States. The firm provides access to a wide array of financial markets, including forex, equities, and futures. Its trading platform, ppro8™, is designed for efficient trade execution and risk management, while the cube x™ device enhances connectivity to global markets. However, the lack of regulatory oversight raises concerns about compliance and safety for traders.
Regulated Regions: dttw operates in multiple countries but lacks a comprehensive regulatory framework, which raises concerns among potential users.
Deposit/Withdrawal Currencies/Cryptocurrencies: The firm accepts various payment methods, including credit/debit cards, PayPal, bank transfers, and cryptocurrencies like Bitcoin.
Minimum Deposit: A minimum deposit of $3,000 is required to start live trading after paying a partner application fee of $500.
Bonuses/Promotions: While specific promotions are not highlighted, the structure of fees may serve as a deterrent for some traders.
Tradable Asset Classes: dttw offers access to forex, equities, and futures markets, catering to a diverse range of trading interests.
Costs (Spreads, Fees, Commissions): The firm charges fixed commissions of $4 per standard lot traded, with spreads typically ranging from 0.2 pips to 1.5 pips for major currency pairs.
Leverage: Traders can access leverage ratios from 5:1 to 500:1, which can enhance trading opportunities but also increase risk.
Allowed Trading Platforms: The primary platform used is ppro8™, with the cube x™ device available for enhanced market access.
Restricted Regions: The firm has faced scrutiny in certain jurisdictions, including the U.S., due to its lack of regulatory compliance.
Available Customer Service Languages: dttw offers customer support primarily in English, but may have resources in other languages depending on the region.
Account Conditions (6/10): The requirement of a significant deposit and various fees can be a barrier for many traders. According to WikiFX, the initial deposit requirement is substantial, which may deter potential clients.
Tools and Resources (7/10): Users have noted that the educational resources, including simulation trading and TraderTV, are beneficial. However, some have expressed a desire for more comprehensive training materials to enhance their trading skills.
Customer Service and Support (6/10): While some users report positive interactions with customer support, others have highlighted issues with response times and the clarity of information provided. This inconsistency can affect overall user satisfaction.
Trading Setup (Experience) (7/10): The trading experience with dttw is generally positive, with users appreciating the efficiency of the ppro8™ platform. However, some have noted that the platform could benefit from updates and enhancements.
Trustworthiness (5/10): The lack of regulatory oversight is a significant concern for many potential users. Reports of past issues with the firm's predecessor, Swift Trade, have raised questions about the reliability of dttw. According to Forex Peace Army, the absence of clear regulatory information is a red flag.
User Experience (6/10): Overall user experiences vary widely, with some traders reporting satisfaction with their trading results, while others express frustration over fees and the lack of transparency regarding office locations and operations.
In summary, dttw presents a mixed bag of opportunities and concerns. While the platform offers a range of trading tools and educational resources, the lack of regulatory oversight and the significant initial deposit requirements may deter some traders. As with any trading firm, potential users should conduct thorough research and consider their risk tolerance before engaging with dttw. The dttw review highlights the importance of understanding both the benefits and drawbacks of this proprietary trading firm.
