You’ve decided to start trading, good for You! However, you must be very careful when choosing a broker, at the end of the day these people will handle your hard-earned money and you must take extra caution. If you are looking for information on this broker this detailed DGTL Trade review is perfect for You. After doing some research things aren’t looking very promising and we highly advise you to read the full article before you take any action.
We didn’t find much information on DGTL Trade corporate information. Many details are disclosed, such as owner, headquarters country, foundation year, registration numbers of the company, etc. Missing information does not sound very trustworthy, yet the company claims that they are very transparent when it comes to working with them. Shady? Yes. How can anyone verify that DGTL Trade is a legit company when all relative information is being hidden?
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | dgtl-trade.com |
| Blacklisted as a Scam by: | BCSC |
| Owned by: | N/A |
| Headquarters Country: | N/A |
| Foundation year: | N/A |
| Supported Platforms: | Webtrader |
| Minimum Deposit: | 5000 EUR |
| Cryptocurrencies: | Yes |
| Types of Assets: | Forex, commodities, indices and cryptocurrencies |
| Maximum Leverage: | 1:400 |
| Free Demo Account: | No |
| Accepts US clients: | No |
DGTL Trade Warning Issued by the BCSC
British Columbia Securities Commission is a corporation that administers the Securities Act. They are responsible for regulating capital markets in British Columbia. BCSC exposed DGTL Trade as SCAM and they published a public warning against it. Meaning that this company is violating regulations and financial laws and it is highly advised not to get involved with them. This is a major red flag! If you invest money with DGTL Trade there is a big chance you will never see your money again, let alone earn some more.
Is DGTL Trade a Secure And Regulated Platform?
DGTL Trade broker is not regulated by any reliable regulatory body. That alone is suspicious enough alongside other warning signs. We looked through ASIC license brokers, FCA, BaFin licenses and there is no trace of this so-called brokerage. They don’t even have Tier1 Regulation. Do you still think investing with them is safe? We don’t think so either.
In top of that, we seriously recommend you not to invest in the fake brokers BullCFDs, Amplixx, and 5Markets. Do not trade with these unlicensed brokers if you want to save your money!
DGTL Trade is an offshore broker. Unlicenced company that is very shady on background information. They claim that their trading platform is MT4 when it’s in fact Webtrader. Blacklisted as a Scam by BCSC this company is not reliable, there are just too many red flags.
How Unsafe Is An Unlicensed Broker?
We will give you a few insights on safety when it comes to working with unlicensed companies. For example, if a company is licenced by the FCA your funds will be safe because the authorities force strict regulations that guarantees safety. Rules are being followed, as well as the risk reducing measures, such as negative balance protection and leverage restrictions. Yet if you are trading with unregulated brokers your funds are exposed to fraud risks. The company can close the website and with this action, your money is gone and you have no one to report this issue to.
Traders’ Experiences With DGTL Trade
The situation for this broker is not so good in the comment section as well. Here’s just one of many examples on DGTL Trade reviews:
“ABSOLUTELY 100% SCAM!!! “
– Trustpilot Сustomer
There is even a website claiming that the company is SCAM. Alongside with BSCS warning trading with DGTL Trade is not a good idea.
DGTL Trade Broker – Countries Of Service
The DGTL Trade broker is operating with clients from:
- Canada
- Belgium
- Bulgaria
- Switzerland
DGTL Trade Offers MetaTrader 4?
The company claims that they can offer a MT4 which is one of the leading Forex platforms used by many companies, but the truth is that the DGTL Trade is using a Webtrader and in terms of functionality that is nowhere near MT4. MetaTrader 4 has many features such as complex indicators, automated trading, analysis tools and many more, and on the other side Webtrader is poor trading software that has nothing to offer. Why would anyone offer something they can not provide in the first place? Another red flag.
All About DGTL Trade Accounts
DGTL Trade is offering four account types.
- Beginners
- Medium
- Retirement
- VIP
The minimum deposit is 5000 EUR and that will bring you a beginner package, while the initial deposit for a VIP package is 50 000 EUR.
About Leverage And Spreads
Leverages depend on account type, they go from 1:100 with a beginner account, up to 1:400 for the VIP account. Many jurisdictions imposed a leverage cap of 1:30, the ratio that is protecting your funds, something you would get with a licensed broker. Spreads vary as well, from 2.8 pips for a beginner customer and from 0.1 pips for the VIP customer. This alone indicates higher trading risks.
DGTL Trade Range of Trading Instruments & Markets
Available assets for trading are:
- Cryptocurrencies
- Commodities
- Indices
- Forex
This is giving you a variety of options.
So, you should avoid Invest Flow forex broker and similar brokers such as WealthsailingForex, Exindex and ZuluTrade.
DGTL Trade – Withdrawal and Paying Methods Along with Fees
The minimum withdrawal amount is 50 EUR. The only information on fees that is provided is that there is no charge when you send a request for a withdrawal. The payment methods are Credit/Debit cards. Yet the system was not working, so this information can not be verified.
DGTL Trade Bonuses – As A Method Of Fraud
Whenever a client makes his first deposit a bonus is added, this is inevitable and it can’t be canceled. Bonus usually means something good, but in this case it’s not gonna come in handy. Things get tricky when a client wishes to withdraw the money. That means that a client must trade a minimum trading volume of the bonus amount divided by four in order to withdraw bonus funds. So for example for 200 EUR a client would need to trade 50 lots, or 5 million euros. Which is insane. Beware!
Customer Support – Communication Channels
The company will try to reach out through various ways of communication. They will be very persistent in order to get in touch with you. Phone calls, what’s up, telegram, email, etc. Some will even create fake social accounts, so beware. They are not that responsive when it comes to answering back.
Scammed by DGTL Trade Broker? – Let Us Hear Your Story
If you came across this article after being scammed we are very sorry. The sad truth is that you are not the only one, many people fall for the idea of easy money, the companies are promising everything until you make a deposit and after that they usually go silent. However, don’t despair, there is still something that you can do – write to us immediately.
But What Is A Chargeback?
Click below and register today! It is completely free. Our team is well experienced and specialized! Now let’s try to get your money back – together.