DDO.INC is a forex broker registered in the United States, primarily providing forex trading services to investors, with its headquarters located in Hoxie, Kansas, USA. The broker does not offer services to jurisdictions where it might contravene local laws or regulations, including but not limited to the United States, Canada, the European Union, Hong Kong China, Australia, and Japan.
Company Background:
DDO.INC is registered in the United States with its detailed address at 211 FREEDOM ROAD TRINIDAD CO 81082 UNITED STATES (617 MAIN HOXIE, KS 67740 United STATES), and its Asia headquarters are located at Room D, 16th Floor, Zhou Neng Plaza, 250 Hennessy Road, Wan Chai, Hong Kong. The official website does not disclose the enterprise registration entity information of DDO.INC. According to information retrieved from Whois, the broker's official website was registered on December 29, 2022.
Regulatory Status:
Information publicly available on its website claims that DDO.INC is a registered member of the National Futures Association (NFA) in the United States, with the regulatory license number 0182582. Upon verification, there is an entity named DDO.INC registered with NFA under the number 0182582, but this entity's NFA membership and Introducing Broker qualification have been revoked. Currently, this broker is a non-member registration unit and is not regulated by the NFA. According to registration information with NFA, this entity was declared dissolved in December 2014. Therefore, the currently operating DDO.INC could either be using the information of the legitimate DDO.INC or could be operating post-dissolution. Regardless, this broker lacks effective regulation and provides false regulatory information to deceive investors.
Account Registration:
To start with DDO.INC, one needs to fill out an online application form, which requires filling in name, phone number, ID number, opening capital, account referral, email, and verification code. After submission, one must wait for approval. If the application is approved, the user will receive an email containing the account number and detailed remittance path.
Account Types:
DDO.INC supports the opening of personal accounts, partnership company accounts, trust fund accounts, and individual retirement accounts. The broker has not disclosed information on trading leverage, spreads, minimum deposit amounts, trading volume range, maximum position size, margin call level, and stop-out level.
Trading Platform:
DDO.INC offers a proprietary trading platform and only provides a mobile version.
Deposits and Withdrawals:
DDO.INC supports deposits and withdrawals through C2C, Quick Deposit, PayPal Deposit, USDT Deposit, etc. During these transactions, an application form needs to be filled out, and after receiving the customer's application, a specialist will call to verify the details before processing.
Customer Support:
DDO.INC only supports customer service through email at SERVICE@DDOFX.COM and ddo@ddofx.com, without offering telephone or live services as additional contact options.
Conclusion:
DDO.INC is a scam platform lacking effective regulation, with opaque corporate registration entity information and uses invalid regulation to confuse investors. Moreover, the broker has not disclosed information on trading leverage, spreads, minimum deposit amounts, trading volume range, maximum position size, margin call level, and stop out level. Investors are advised to choose trading platforms with valid regulation and good reputations to avoid unnecessary loss of property.
Currently, DDO.INC is marked as "Suspected of Fraud" on TraderKnows.
