DGTL Trade Review – Shady Broker Shady Actions
You’ve decided to start trading; good for you! However, you must be very careful when choosing a broker. 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 taking action.
|Offshore Scam Broker
|Unlicensed Scam Brokerage
|Blacklisted as a Scam by:
|Types of Assets:
|Forex, commodities, indices and cryptocurrencies
|Free Demo Account:
|Accepts US clients:
Is DGTL Trade a Secure And Regulated Platform?�
We didn’t find much information on DGTL Trade corporate information. Many details are not disclosed, such as owner, headquarters, registration numbers of the company, etc. Missing data does not sound very trustworthy, yet the company claims they are very transparent.
DGTL Trade broker is not regulated by any reliable regulatory body. That alone is suspicious enough alongside other warning signs. We looked through ASIC, FCA, and BaFin licenses, and there is no trace of this so-called brokerage. They don’t have Tier1 regulation whatsoever.�
How Unsafe Is An Unlicensed Broker?
We will give you a few insights on safety when working with unlicensed companies. For example, if the FCA licenses a company, your funds will be safe because the authorities force strict regulations.
Rules are being followed, as well as 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.
Is DGTL Trade a Legit Broker or a Scam?
DGTL Trade is an unlicensed company that is very shady on background information. Blacklisted as a scam by BCSC this company is not reliable, there are just too many red flags.
DGTL Trade Warning Issued by the BCSC
BCSC exposed DGTL Trade as a scam, and they published a warning. 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.�
Traders’ Experience With DGTL Trade�
The situation for this broker is not so good in the comment section. This is just one of many examples of DGTL Trade reviews.
“ABSOLUTELY 100% SCAM!!!”�– Trustpilot Customer
DGTL Trade Broker – Countries Of Service
The DGTL Trade broker is operating with clients from:
DGTL Trade Offers MetaTrader 4?
The company claims it offers an MT4, one of the leading Forex platforms many companies use. But the truth is that DGTL Trade is using a Webtrader, and in terms of functionality, it’s nowhere near MT4. MetaTrader 4 has many features such as complex indicators, automated trading, analysis tools, and many more.
Conversely, Webtrader is a poor trading software with nothing to offer.�
DGTL Trade Mobile Trading
Mobile trading is not enabled since there’s no actual MT4.
All About DGTL Trade Accounts����������
Broker offers four account types:
- Beginners – 5,000 EUR
- Medium – 15,000 EUR
- Retirement – 30,000 EUR
- VIP – 50,000 EUR
Accounts differ in terms of spread, leverage, and other perks.
Range of Trading Instruments and Markets
Available assets for trading are:
- Cryptocurrencies – BTC, ETH, XRP
- Commodities – gold, silver, oil
- Indices – Dow Jones, DAX30, FTSE100
- Forex – EUR/USD, GBP/USD, CAD/AUD
The firm determines its own trading conditions. Thus, we have a situation with leverage.
About Leverage And Spreads
Leverages depend on the account type. It goes from 1:100 with a beginner account to 1:400 for the VIP account. Many jurisdictions impose a leverage cap of 1:30, the ratio that protects your funds.
Spreads vary as well, from 2.8 pips for a beginner customer and 0.1 pips for the VIP customer. This alone indicates higher trading risks.������
DGTL Trade Withdrawal and Paying Methods
The minimum withdrawal amount is 50 EUR. The only information on fees is that there is no charge when you send a request for a withdrawal. The payment methods are:
- credit/debit cards
- wire transfer
Yet the system was not working, so this information could not be verified.�
DGTL Trade Bonuses – As A Method Of Fraud
Whenever a client makes their first deposit, a bonus is added. The bonus usually means something good, but it will not come in handy in this case. Things get tricky when a client wishes to withdraw money.
They must trade a minimum trading volume of the bonus amount divided by four in lots 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 getting in touch with you. Phone calls, WhatsApp, 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
We are very sorry if you came across this article after being scammed. The sad truth is that you are not the only one. Many people fall for the idea of easy money; companies promise everything until you make a deposit, and they usually go silent.
However, don’t despair. There is still something that you can do – file a dispute for a chargeback.�
But What Is A Chargeback?
A chargeback is a way for your bank to recover funds from the merchant. Contact us today, and let’s get started.
What Is DGTL Trade?
DGTL Trade is an unregulated broker. Since the company is very shady on basic corporation information, many details are left unknown.
Is DGTL Trade a Scam Broker?
Yes, DGTL Trade is a scam broker. It’s not regulated, and BCSC issued a public warning against the scheme.
Is DGTL Trade Available in the United States or UK?
The company is not working with clients from the United States. They are working with clients from the UK.
Does DGTL Trade Offer a Demo Account?
No, broker is not offering a Demo account.