Direct Trading Technologies Review: Find Out the Truth
As the Forex market evolves, so do brokers and scammers. On the one hand, we might gain new technologies that help traders, and on the other, fraudsters might find new ways to trick unsuspecting traders.
In our Direct Trading Technologies Review, you can discover what tactics this scammer employs. Please, consider what we have to say before investing.
|Broker name||Reliable Broker Must Have|
|Legal name:||Direct Trading Technologies LTD||Transparently displayed in the disclaimer or legal documents|
|Regulation:||Offshore broker||Within your legal jurisdiction – local regulator|
|Registered in:||UK, UAE, Marshall Islands, Vanuatu||Your country or the country whose license applies in your legal jurisdiction|
|Established:||2017||The older the domain – the higher the possibility the company is trustworthy|
|Website:||globaldtt.com||Domain should be from local or international zones, no .xyz, etc.|
|Financial Authorities Warnings:||CNMV||None|
|Contacts:||Email: [email protected]
Phone: +44 20 3059 7765
|Phone, email, social media, web form|
|Is withdrawal possible:||Highly unlikely||Yes|
|Fees:||Hidden fees||Transparent fees – list of spread and commissions|
|If Active on Social Media:||Facebook, Twitter, Instagram, LinkedIn||Often present on social media|
|Investor Protection:||Not for the main domain||Compensation fund|
First up, let’s cover the direct trading technologies regulation. This might be a bit confusing, but we will break it down.
On their homepage, you can see they list some licenses (UK, UAE, Panama, Vanuatu), and they do check out for the dttfs.co.uk domain. However, the dttmarkets.com domain is registered in Vanuatu, which is concerning, to say the least.
Vanuatu falls in the same group as SVG, Marshall Islands, meaning its license does not mean much. While you could argue any regulation is better than none, a Vanuatu one does not protect traders.
And the bad signs do not stop there. After checking the CNMV warning list, we found Direct TT on it. Here, take a look for yourself.
When you are looking for a reliable broker, you want them to have a license from one of these authorities:
- Saudi Arabia
- United Arab Emirates
- United Kingdom
Since Direct TT does not, we strongly advise you to pass on this broker.
Direct Trading Technologies Profile
You can participate in direct trading technologies crypto trading on several platforms, including MT4, MT5, and DTTPRO. Traders are familiar with the first two, as they have been the industry standard since they came out. The final platform is a proprietary one and we do not recommend you use it, because the broker can manipulate it to trick you.
As far as the direct trading technologies account types are concerned, the broker gives traders four options:
- Mini – $500
- Standard – $2,000
- VIP – $10,000
- ECN – $15,000
The minimum deposit is high, but that is not a surprise, since we are dealing with a scammer. The broker does offer a demo account, however. There is also a direct trading technologies bonus, and the amount you get depends on how much you deposit. The most you can get is 50%.
|Trading platforms:||MT4, MT5, DTTPRO|
|Account types:||Mini – $500
Standard – $2,000
VIP – $10,000
ECN – $15,000
|Financial Instruments On Offer:||Forex (USD/AUD, EUR/GBP, USD/JPY, etc.)
Precious Metals (gold, silver, etc.)
Energies (gas, oil, etc.)
Indices (Nasdaq-100, S&P 500)
Crypto (Bitcoin, Ethereum, USDT, etc.)
Stocks (Apple, Tesla, Facebook, etc.)
|Education or Extra tools:||Yes|
Is This Broker Safe?
No, Direct TT is not safe! Although direct trading technologies ltd is regulated, their main domain is registered in Vanuatu. While this might not seem like a big deal to outsiders, everyone in the Forex community knows how concerning the situation is. This small country is not known for working in traders’ favor and does not protect them, meaning Direct TT does not either.
On the other hand, if you want to find a safe broker today, we would be more than happy to help. We offer free consultations where we discuss your needs and goals and recommend brokers according to that.
Trader Reviews – Sharing Experiences
The most trusted website for trader reviews is Trustpilot, and it has only two reviews about direct trading technologies. One is good and the other is bad, but this Trustpilot situation tells us something more important.
If Direct TT is what they say they are, don’t you think there would be lots of user reviews and comments online? We certainly do, and since this is not the case, we can be very confident they are scammers.
How Does the Direct Trading Technologies Platform Reach Clients and Who Are They?
Since we could not gather much information online about Direct TT, we cannot say anything for certain about this broker’s clients. Many brokers choose offshore headquarters to reach broader audiences, and we believe Direct TT has the same motive.
Be wary of random contact from brokers. Legitimate brokers run their marketing campaigns through partnerships, ads, or similar avenues, but they do not contact you directly. Therefore, if someone reaches out, do not engage.
Furthermore, keep your eyes open for offers that sound too good to be true. Scammers make empty promises to potential victims, telling them dreamy scenarios of quick riches. There is no such thing as fast Forex money, so avoid brokers that promise you that.
Deposits and Withdrawal Methods
You can fund your Direct TT account in several ways:
- Credit/debit cards
- Bank transfers
However, any additional information is locked behind the direct trading technologies login page. There are no specific details on the direct trading technologies withdraw fees, but we assume the $25 charged for wire transfer deposits also applies to withdrawals.
Reasons To Avoid This Company
At first glance, you might think there is no reason to avoid this company. They are a part of the GlobalDTT group, registered by the UK’s FCA, which is good enough for many people. But do not let that fool you. The broker mostly operates through its Vanuatu domain, where it has all the freedom to con people without any consequences.
Trust us when we say dtt trading would be extremely dangerous for your funds. If they are willing to trick people into thinking they are legit, who knows what else lies beneath the surface?
Long Story Short – Direct Trading Technologies
Hopefully, our Direct Trading Technologies Review helped you see this broker for what it truly is – a scammer. But while this article may have scared you, do not quit your Forex journey. There are plenty of legitimate brokers out there, and we can help you find them. Contact us today, and let’s work together to bring you one step closer to Forex success!
Is Direct Trading Technologies regulated?
Yes, they are, but that does not make them safe. They operate mostly through a domain registered in Vanuatu, which exposes potential traders to great risk.
What are the Direct Trading Technologies platforms?
Direct TT has three available platforms – MT4, MT5, and DTTPRO. The first two are well-known trading platforms, while the third one is proprietary.
How long does it take to withdraw money from Direct Trading Technologies?
There is conflicting information about this on the broker’s website. In one place, they say it takes from 2 to 5 days, and in others, it says within 2 business days, so we cannot say anything for certain.