Yet since conception in the beginning of the 2010's, and similar for the predecessor SwiftTrade since the late 1990's until conception of DTTW, afaik there has not been a single notable case where trading office owners have not received the money that they were due. I am not affiliated with them in any way except having some acquaintances there, but one has to give credit where it's due.
Who are DTTW (Day Trade The World)
- Thread starter Aaron Scolfild
- Start date
oK SO LIST THE TRADING FLOORS ! and those in main jurisdictions like USA/UK/AUS/NZ/ SINGAPORE/ GERMANY ETC since YOU HAVE some acquaintances there
let's do a logical reasoning:
In my opinion these guys have only a very particular business model
they require you to make a security deposit of 3000 $(per office not per trader), and if you lose $ 500 they block your account and require you to make a deposit to return to 3000, so their risk is 0.
if you earn they earn 10 to19% + realtime data gateway comissions etc ..
they claim they have +300 offices in the world:
many say why they do not say where they are or the addresses or if they are registered .. simply because these offices are registered as trading schools or they are single traders who technically and legally only do data entry and the operations are forwarded directly from select vantage I think .. .and when they collect the wire transfers they invoice them as consultancy or data entry etc I think
is this illegal? I don't think so .. indeed in some countries they pay more taxes
they have a youtube trader tv live channel, they trade live and if you follow them carefully they really earn or give some good advice.
if they were a scam i think the required deposits would be different and the structure would be different:
300 offices x $ 3,000 = $ 900,000 all this staff for $ 900,000 ... I don't think it's worth it
In my opinion these guys have only a very particular business model
they require you to make a security deposit of 3000 $(per office not per trader), and if you lose $ 500 they block your account and require you to make a deposit to return to 3000, so their risk is 0.
if you earn they earn 10 to19% + realtime data gateway comissions etc ..
they claim they have +300 offices in the world:
many say why they do not say where they are or the addresses or if they are registered .. simply because these offices are registered as trading schools or they are single traders who technically and legally only do data entry and the operations are forwarded directly from select vantage I think .. .and when they collect the wire transfers they invoice them as consultancy or data entry etc I think
is this illegal? I don't think so .. indeed in some countries they pay more taxes
they have a youtube trader tv live channel, they trade live and if you follow them carefully they really earn or give some good advice.
if they were a scam i think the required deposits would be different and the structure would be different:
300 offices x $ 3,000 = $ 900,000 all this staff for $ 900,000 ... I don't think it's worth it
They do not advertise themselves as DTTW affiliates for some reason or another (that I don't know), so I am not going to list any here either. Btw there are none in the USA.
Scam or not why hide all this ? If they are in trader funding business by offering high leverage + technology etc transparency is a key thing , on one hand claim we have 300 offices and then hide details it is fishy .... and not to mention the past issues with regulators...
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So you won;t list them but you claim they existsand what about major jurisdictions like UK or ANZ?
hiding 300 offices maybe worthwhile for the tax
if a company makes profits in a state it is required to pay taxes ... that's why maybe They are required by select vantage to do not advertise themselves as DTTW affiliates. (who wants to pay taxes?). especially because in this way they are not required to apply for licenses in every country.
I can also confirm that there are offices in spain italy Hungary Asia (many) Africa South America, Uk (this is how I met dttw).
the problems with the authorities from what I have read in the various online documents are due to the lack of surveillance
on traders. some Asian offices specialized in spofing trades, and select vantage didn't block them.
now things are different from what i know the software blocks you as soon as there is a suspicion of spoofing or washing trades.
on the youtube tradertv channel I saw an interview of a spanish office manager .. on twitter this guy always publishes the results .. even + 20,000 $ per day and + 10000 trades per day, and he not say is affiliate with dttw but show only screenshot of prosper pro 8.
their prosper pro software is tough ... few indicators, basic charts, very fast, API etc ... if you compare it with others it looks like a free version. But in my opinion if you want to go offroad you don't need a mercedes s class, but a fu..ing umvee.
In my opinion the only question is: does dttw pay regularly if you earn?
sometimes failure is louder than success ... if one makes money, why must he expose himself ...
trading is 90% psychology 5% luck 5% technical.
a successful trader has different psychological characteristics than a normal person ...
methodical, cold, precise, sometimes lonely, different intelligence ... that's why it is very difficult for someone who earns with day trading to expose himself and what he does.
Sorry all these reasons are load of BS , if you a re a legit business then you would be proud to say these are our locations, and this is how we are regulated ( is it because f the spoofing issue
No wonder they are Not present in US, ANZ and Singapore becasue of regulations , you claim there is a DTTW in UK! show it? FSA /SEC/ ASIC all would be very interested in the activity!
Sorry all these reasons are load of BS , if you a re a legit business then you would be proud to say these are our locations, and this is how we are regulated ( is it because f the spoofing issue
No wonder they are Not present in US, ANZ and Singapore becasue of regulations , you claim there is a DTTW in UK! show it? FSA /SEC/ ASIC all would be very interested in the activity!
Why you are so upset with them?
If you search on LinkedIn Dttw you can find 20 results pages of people than work at Dttw or run offices.. guys with 5 or more years in that working position..
I'm not affiliate with Dttw but i don't see any issue in avoiding taxes and licenses is several countries...