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DTTW

United States|5-10 years|
Suspicious Regulatory License|Global Business|High potential risk|

https://www.daytradetheworld.com

Website

Rating Index

Influence

Influence

A

Influence index NO.1

United States 7.51

Surpassed 36.39% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

sales@daytradetheworld.com
https://www.daytradetheworld.com
https://www.facebook.com/DayTradeTheWorld/
https://twitter.com/dttw_daytrade?lang=en

Licenses

No valid regulatory information, please be aware of the risk!

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

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1G

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Broker Information

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Company Name

Day Trade The World

Company Abbreviation

DTTW

Platform registered country and region

United States

Company website
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Linkedin

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Warning: Low score, please stay away!
Previous Detection : 2024-02-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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DTTW · Company Summary

Aspect Information
Registered Country/Area United States
Founded Year 2-5 years
Company Name Day Trade The World
Regulation Not regulated
Minimum Deposit $3,000 USD (for live trading)
Maximum Leverage 5:1 to 500:1 (for major currency pairs)
Spreads From 0.2 pips
Trading Platforms PPro8™ Trading Software, CubeX™
Tradable Assets Equities, Futures, Forex Markets
Account Types Single account type
Demo Account Not specified
Islamic Account Not specified
Customer Support Email, Social media (Twitter, Facebook, Instagram, Linkedin)
Payment Methods Credit/debit cards, PayPal, Bank transfer, Bitcoin, Skrill, Western Union
Educational Tools Guides, Simulation trading (TMS™), TraderTV.LIVE™, Blog

Overview of DTTW

Day Trade The World (DTTW) is an unregulated trading platform operating in the United States for 2-5 years. Its lack of regulatory oversight raises concerns about compliance with industry standards, making it a potentially risky choice for traders. DTTW offers access to various market instruments, including global equity markets, futures markets, and the Forex market, catering to traders looking for diverse opportunities.

DTTW provides a simplified trading experience with a single account type and offers leverage ratios ranging from 5:1 to 500:1 for major currency pairs and popular assets. Spread and commission rates vary depending on the currency pairs, with fixed commissions of $4 per standard lot traded. However, users should be aware of the partner application fee of $500 USD, which includes trading hardware and various services, as well as a monthly Office News & Media Fee (ON&MF) of $150 USD for live office users. To start trading with DTTW, a mandatory deposit of US$3,000 is required after paying the partner application fee.

The platform provides two trading solutions: PPro8™ Trading Software, designed for efficient trade execution and risk management, and CubeX™ - Day Trading Professional Device, a cost-effective system for real-time market access. Educational resources include guides on day trading and scalping, simulation trading, and TraderTV.LIVE™, a YouTube channel with live trading broadcasts. Users can also stay informed through the Day Trade the World blog, which covers various topics relevant to day traders. While DTTW offers multiple customer support options, traders should proceed with caution due to the platform's lack of regulatory oversight.

basic-info

Pros and Cons

Day Trade The World (DTTW) offers a range of advantages and disadvantages. On the positive side, it provides traders with multiple contact options for customer support, making assistance readily accessible. Additionally, DTTW offers high leverage ratios, enhancing potential trading opportunities. The CubeX™ device, which facilitates market access, is also affordable. Furthermore, DTTW offers comprehensive educational resources to assist traders in improving their skills. However, it's worth noting that DTTW operates without regulatory oversight, potentially posing risks. Additionally, a mandatory $3,000 deposit is required for live trading. There is a partner application fee of $500 USD and a monthly Office News & Media Fee of $150 USD. Moreover, a setup fee is applicable for establishing a DTTW Trader Location.

Pros Cons
  • Multiple contact options for customer support
  • Lack of regulatory oversight
  • High leverage
  • Mandatory $3,000 deposit for live trading
  • Affordable CubeX™ device for market access
  • Partner application fee of $500 USD
  • Comprehensive educational resources
  • Monthly Office News & Media Fee of $150 USD
  • Setup fee for DTTW Trader Location

Is DTTW Legit?

DTTW is not regulated, which means it lacks proper oversight and compliance with industry standards. This absence of valid regulation raises potential risks for individuals considering its services. Caution is advised when dealing with unregulated brokers.

regulation

Market Instruments

Equity Markets:

Day Trade the World offers access to a variety of equity markets across the globe. In the Asia Pacific (APAC), traders can engage in day trading on platforms like the Australia Securities Exchange (ASX), Hong Stock Exchange (HKEX), Korea Exchange (KRX), and more. Meanwhile, in the EMEA region, options include Euronext, Nasdaq OMX Nordic, London Stock Exchange (LSE), Deutsche Börse, and several others. North Central and South America (NCSA) traders have access to markets like NYSE Arca, NASDAQ, and the Brazilian Stock Exchange (BOVESPA). These equity markets provide diverse opportunities for trading.

products

Futures Markets:

Day Trade the World partners can also access a range of futures markets. In the APAC region, there are futures trading options in Australia, Hong Kong, Japan, and Singapore. In EMEA, Eurex Futures is available for trading. For North Central and South America (NCSA) traders, there are opportunities in CBOE Futures, CME Futures, ICE Futures, and NYMEX Futures. These futures markets offer a platform for speculating on various assets and commodities.

products

Forex Markets:

The Forex, or Foreign Exchange Market, is a key offering from Day Trade the World. This global market facilitates the trading of currencies and is renowned for its high liquidity. Traders can access Forex Currencies (FX), Forex Metals (FM), and Mini Forex (D1) markets. Forex trading provides opportunities for those interested in currency exchange rates and international finance. For more detailed information on these markets, it is advisable to contact Day Trade the World's sales team.

products
Pros Cons
Access to diverse global equity markets Lack of detailed information on Forex markets
Opportunities in various futures markets Limited information on trading volume and market depth
Access to the renowned Forex market Lack of specific information on trading conditions and execution quality

Account Types

DTTW offers a single account type to its traders, without multiple options or tiers. This simplified approach means there's only one account type available for all traders to utilize.

Leverage

DTTW offers leverage ratios ranging from 5:1 to 500:1 for major currency pairs and other popular assets.

Spreads & Commissions

DTTW spreads are typically between 0.2 pips and 1.5 pips for major currency pairs, and between 0.5 pips and 3 pips for minor currency pairs. Commissions are fixed at $4 per standard lot traded.

Fees

The partner application fee for Day Trade the World is $500 USD, which includes registration and CubeX trading hardware for market access. This fee represents the mandatory minimum cost for becoming a trading office owner or professional trader with Day Trade The World. It covers PPro8 day trading software, access to over 50 global markets through CubeX hardware, membership in an online coaching program, professional certified trading courses, and 24x7 technical support. Additionally, there is a monthly Office News & Media Fee (ON&MF) of $150 USD for Live office users, providing access to the Refinitiv news feed in PPro8™ and TraderTV.Live broadcast.

spreads-commission

Deposit & Withdrawal

To begin trading with DTTW, the partner application fee can be paid using various methods, including credit/debit cards, PayPal, bank transfer, Bitcoin, Skrill, or Western Union. Additionally, when transitioning to live trading, a deposit of US$3,000 is mandatory.

Pros Cons
Multiple payment methods available Mandatory $3,000 deposit for live trading
Diverse options for partner application fee

Trading Platforms

1. PPro8™ Trading Software: DTTW offers the PPro8™ Trading Software, designed for efficient trade execution and risk management. This software has been developed over 20 years, with a focus on providing real-time quotes and rapid order execution. Regular updates are made based on user feedback. The platform offers customizable charting tools and order management solutions, enabling traders to monitor trading history and create a personalized trading environment.

trading-platform

2. CubeX™ – Day Trading Professional Device: DTTW's CubeX™ is a versatile system connecting traders to over 50 global markets in real-time. Designed to simplify access to global markets, it serves as a router integrated into existing office setups. CubeX™ enhances network connectivity and reliability, reducing the need for costly IT support. While there is a setup fee for establishing a DTTW Trader Location, the CubeX device itself is affordable at $19.

trading-platform
Pros Cons
PPro8™ Trading Software for efficient trade execution and risk management Setup fee for DTTW Trader Location
Regular updates and focus on real-time quotes and rapid order execution
CubeX™ device connects to over 50 global markets, enhancing market access

Educational Tools

DTTW offers a range of educational tools for traders, catering to both beginners and seasoned professionals. Their resources section includes an Ultimate Guide to Day Trading, providing comprehensive insights into the day trading industry. They also offer an Ultimate Guide to Scalping, explaining the popular scalping strategy and its pros and cons.

educational-resources

DTTW provides simulation trading through TMS™, allowing traders to practice various strategies in a real market environment without risking real money. This feature offers accurate and timely quotes on assets from various markets worldwide, making it a valuable tool for both learning and testing new trading strategies. Additionally, DTTW sponsors TraderTV.LIVE™, a YouTube channel with daily live trading broadcasts and educational content for traders.

educational-resources

The Day Trade the World blog is regularly updated with a variety of topics relevant to day traders. It offers in-depth explanations of technical indicators, analyses of listed companies, news updates affecting the market, and useful tips and strategies for building winning trading approaches. Staying informed through this blog is emphasized as a crucial activity for day traders to make informed decisions.

educational-resources

Customer Support

DTTW offers multiple contact options for customer support. You can reach out to them via email at sales@daytradetheworld.com or connect through their social media profiles on Twitter, Facebook, Instagram, and Linkedin for inquiries or to learn more about opening a day trading office.

educational-resources

Conclusion

DTTW, also known as Day Trade The World, presents both advantages and disadvantages. On the positive side, it offers access to a wide range of equity markets globally, including APAC, EMEA, and NCSA regions, providing diverse trading opportunities. Additionally, it extends access to futures and Forex markets, facilitating speculation on various assets and currencies. The company's PPro8™ Trading Software and CubeX™ device aim to enhance trade execution and connectivity. Furthermore, DTTW provides educational resources, including simulation trading and TraderTV.LIVE™, which can be valuable for traders of all levels. However, it's important to note that DTTW lacks regulatory oversight, posing potential risks for users. It also offers a single account type without multiple options, and there are fees involved, including a partner application fee of $500 USD and a mandatory deposit of $3,000 for live trading. While DTTW's customer support options are diverse, the absence of regulatory supervision should be a significant consideration for those considering its services. Caution is advised when dealing with unregulated brokers.

FAQs

Q1: Is Day Trade The World (DTTW) a regulated company?

A1: No, DTTW is not regulated, which means it lacks oversight and compliance with industry standards, posing potential risks for users.

Q2: What markets can I trade with DTTW?

A2: DTTW provides access to equity markets, futures markets, and forex markets across the globe, offering diverse trading opportunities.

Q3: What types of accounts does DTTW offer?

A3: DTTW offers a single account type, simplifying the process with one option for all traders.

Q4: What leverage options does DTTW provide?

A4: DTTW offers leverage ratios ranging from 5:1 to 500:1 for major currency pairs and popular assets.

Q5: What are the fees associated with DTTW?

A5: DTTW charges a partner application fee of $500 USD and a monthly Office News & Media Fee (ON&MF) of $150 USD for Live office users, among other costs.

Q6: What trading platforms are available with DTTW?

A6: DTTW offers the PPro8™ Trading Software and the CubeX™ – Day Trading Professional Device for efficient trading.

Q7: Does DTTW offer educational resources?

A7: Yes, DTTW provides educational tools, including guides, simulation trading, and a blog, catering to traders of all levels.

User Reviews

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Yuri。。。
6-12months
I've been trading with DTTW for over a year now, and they're great. Honest, fair, and transparent in their communication about rules, fees, and swaps. I believe I made a good decision when I started trading with DTTW.
2024-02-06 17:37
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0
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Lsy、
more than one year
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.
2023-02-17 17:32
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0
0
FX1135585152
more than one year
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?
2022-12-09 11:09
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0
0
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