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Digi Coins Forex broker specializes in providing foreign exchange trading services, the company's official website https://digi-coins.n..., the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP) to enhance the security of the company's address

Digi Coins Forex Broker

Basic Information

Registered Region

Cyprus

Operating Period

Company Name

TOROFLEX LTD

Abbreviation

Digi Coins

Company employee

Contact Number

+44 203 807 1837

Company Website

https://digi-coins.net

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

BASIC INFORMATION The broker Digi-Coins is hard to endorse. The fact that it has an official warning from a European financial regulator attached to its name is the first and most definitive indication that it is a fraudulent operation. Then, when we looked more closely at Digi-Coins, we discovered that this isn't even a broker. It's amusing that they simultaneously claim to offer trading on 16 000 markets. According to Digi-Coins, anyone may invest and make money. Whether you are familiar with trading or not is immaterial. They encourage newcomers and seasoned traders to join them. Whatever you want to trade, you can. Unfortunately, Digi-Coins does not rank among the top entities. It is an unusual scam that is looking for a chance to con investors. Investing with them will be a terrible error. You run the risk of losing all of your savings in an instant. Nonetheless, the sales pitch of this company is boring and they are selling nothing to investors. The venture state that it executes a trade at a lightning speed. Therefore, you will never miss an opportunity to earn a huge return. Digi-Coins lacks transparency and the only thing that is a guarantee you are going to get from them is unfavorable trading conditions. The firm claims that it mains focus is the success of their customers. The only thing that this entity cares about is its results. LICENSES Digi-Coins is regulated by the Cyprus Securities and Exchange Commission with the regulatory license number of 258/14 BUSINESS SCALE Digital currencies, CFDs, indices, and forex are all traded on the platform. Investors now have a chance to profit from the erratic market. Returns are possible if prices change for the better or worse. Additionally, this company boasts that it is the greatest forex broker in the world after winning a prestigious international award. TRADING PLATFORM Digi-Coins is unable to provide any trading software. I'm done now! Even after subscribing, you cannot download or access any platform. Actually, despite their claims, you are not given MetaTrader. They merely misuse the name of the most well-known trading platform to lure customers into their shady enterprise. Beware! TRADING ACCOUNTS AND CONDITIONS Digi-Coins offers a whopping six different account kinds, each of which allows for a considerable jump from one tier to the next. The minimum deposit for the Basic account type is €50; for the Professional, Premium, Superb, Deluxe, and VIP account types, it is €1,000, €5,000, €25,000, €50,000, and €250,000, respectively. Although Digi-Coins offers a variety of investment options, don't be persuaded by them since nothing counts because Digi-Coins is a complete rip-off from the start. The fact that they offer leverage up to 1:2,000 is another important point. Despite the fact that this is a desirable level, we nonetheless advise drawing back as soon as you can to prevent potential financial losses. Brokers frequently offer significant levels of leverage; nevertheless, if you want to start earning even more money, you should look for a more dependable and secure broker. Since they don't communicate the true advantages and benefits of trading with them, Digi-Coins has very ambiguous trade terms. They put their consumers in a terrible situation, and in dealing with money, you should always choose a person who isn't scared to be honest. That fact alone should be enough to alert you to the fact that trading with Digi-Coins is a complete hoax and shouldn't even be considered an investment. WITHDRAWAL AND DEPOSITS You can deposit $50 as the minimum amount of money at Digi-Coins. Neteller, credit or debit cards, UnionPay, wire transfers, and Neteller are all options for investors to finance their accounts. However, con artists frequently promote a variety of techniques when there aren't any in existence. Since Digi-Coins is a Ponzi scheme, customers will never be able to request a chargeback from them. Use a credit or debit card to make a little purchase to try out this company. This is due to the fact that you have a chance to get your money back after 540 days. This, however, is not a broker for FX trading. Their terms and conditions are a joke because they contain so much pointless information. Their traders can withdraw $50 as the lowest amount. Customers may withdraw any amount from legitimate investment companies. Additionally, you must pay the withdrawal fees. The fees are based on 20% of your overall profits. This condition is absurd. Additionally, investors may believe that this is a generous venture with a trade incentive. Contact Details A corporation named Digi-Coins publishes its phone number online. Investors can also fill out the contact form or ask the company to call them back. The platform is purportedly situated in London, UK, at 27 Market Place, W1W 8AF. This is not the reallocation of this entity, we are certain of that. To attract more consumers, they are merely claiming to run their business in a respectable location. The customer service department is open 24/7. Swindlers will say anything to induce investors to make a deposit.

Digi Coins broker review

Is Digi Coins safe or scam

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How to login to Digi Coins?

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Digi Coins Forex Broker - Complete Information Guide

1. Broker Overview

　　Digi Coins, officially known as Toroflex Ltd, was established between 2018 and 2021. The company is headquartered in Limassol, Cyprus, with additional offices claimed to be in London, UK, and Berlin, Germany. It operates as a private entity, not publicly listed. The primary market served by Digi Coins includes retail forex traders, with a focus on both novice and experienced investors looking to engage in various financial markets.

　　Since its inception, Digi Coins has claimed to provide access to over 16,000 trading instruments, including Forex, CFDs, commodities, and cryptocurrencies. However, the legitimacy of these claims has been called into question, as the broker has been flagged by regulatory authorities for operating without valid licenses. The business model primarily revolves around providing trading services to individual retail clients, although it has also made assertions about catering to institutional clients.

　　Despite its claims of being a reputable broker, Digi Coins has faced significant scrutiny and skepticism regarding its operational practices. The companys assertions of having won awards and recognition in the forex trading industry have not been substantiated, and many reviews indicate that it may be operating under fraudulent pretenses. As the market landscape evolves, Digi Coins appears to be struggling to maintain credibility amidst increasing regulatory pressures.

2. Regulatory and Compliance Information

　　Digi Coins is purportedly regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 258/14. However, investigations have revealed that this license actually belongs to a different entity, Maxiflex Ltd, which operates other brokers. This discrepancy raises serious concerns regarding the legitimacy of Digi Coins' claims to regulatory compliance.

　　The broker operates without valid regulation, which poses significant risks to clients. There are no guarantees for fund safety, as Digi Coins does not provide segregated accounts for client funds. Additionally, the broker has not participated in any investor compensation schemes, leaving clients without recourse in the event of financial loss.

　　Digi Coins has been cited for lacking proper KYC (Know Your Customer) and AML (Anti-Money Laundering) measures, which are critical for ensuring the security and legitimacy of financial transactions. The absence of these compliance measures further emphasizes the high-risk nature of engaging with this broker.

3. Trading Products and Services

　　Digi Coins claims to offer a diverse range of trading products, including:

Forex Currency Pairs: The broker reportedly provides access to numerous forex pairs, although specific numbers are not disclosed.
CFDs: Contracts for difference on various assets, including indices, commodities, stocks, and cryptocurrencies.
Unique Trading Instruments: Digi Coins promotes itself as offering access to over 16,000 markets, although the validity of this claim is questionable.

　　The frequency of product updates and the addition of new instruments remain unclear, as the broker has not provided comprehensive details about its offerings. Retail trading services are the primary focus, with claims of catering to institutional clients also made, though without substantial evidence.

　　The lack of transparency regarding product offerings and the absence of a demo account option make it difficult for potential clients to assess the broker's services adequately. This further complicates the decision-making process for traders considering Digi Coins as a viable option.

4. Trading Platforms and Technology

　　Digi Coins has not provided reliable information regarding its trading platforms. The broker claims to utilize a proprietary web-based platform but does not support widely recognized platforms like MetaTrader 4 or MetaTrader 5. This absence raises concerns about the quality and functionality of the trading environment offered.

　　The broker's platform is described as overly simplified, lacking essential features that traders typically expect from established brokers. There is no mention of mobile applications for iOS or Android, which limits accessibility for traders who prefer mobile trading.

　　Execution methods claimed by Digi Coins include ECN (Electronic Communication Network) and STP (Straight Through Processing), but the lack of transparency makes it challenging to verify these claims. The server locations and technological infrastructure are also unspecified, leading to further doubts about the broker's operational capabilities.

5. Account Types and Trading Conditions

　　Digi Coins offers multiple account types, which include:

Basic Account: Minimum deposit of €50.
Professional Account: Requires a minimum deposit of €1,000.
Premium Account: Requires a minimum deposit of €5,000.
Superb Account: Requires a minimum deposit of €25,000.
Deluxe Account: Requires a minimum deposit of €50,000.
VIP Account: Requires a minimum deposit of €250,000.

　　While the broker advertises high leverage ratios of up to 1:2000, such offers should be approached with caution due to the inherent risks involved. The minimum trading lot sizes and overnight fees are not clearly articulated, leaving potential clients without crucial information for making informed trading decisions.

　　The lack of a demo account policy further complicates the evaluation of trading conditions, as prospective traders cannot test the platform or its features before committing funds.

6. Fund Management

　　Digi Coins supports various deposit methods, including:

Bank Transfers
Credit/Debit Cards
E-Wallets: Such as Neteller and Skrill.
Cryptocurrency Payments: Primarily Bitcoin.

　　The minimum deposit requirement varies by account type, starting at €50 for the basic account. However, the processing times for deposits are not specified, creating uncertainty for clients.

　　Withdrawal methods and restrictions are equally unclear, with reports suggesting that clients face significant challenges when attempting to withdraw funds. The processing times for withdrawals are not disclosed, and there are indications that clients may incur withdrawal fees based on a percentage of their profits.

　　The overall fee structure remains vague, raising concerns about the transparency of the broker's financial practices.

7. Customer Support and Educational Resources

　　Digi Coins claims to offer various customer support channels, including:

Phone Support
Email Support
Online Chat

　　However, the effectiveness and availability of these support options are not clearly defined. The broker purports to provide 24/7 customer service, but the actual response times and support quality are not documented.

　　Multilingual support is available, although the specific languages supported are not listed. Educational resources offered by Digi Coins include webinars, tutorials, and e-books, but the depth and quality of these materials are unknown.

　　Market analysis services, including daily analysis, news updates, and research reports, are also mentioned, but again, the details are sparse. The availability of trading tools such as calculators, calendars, and signal services is not elaborated upon.

8. Regional Coverage and Restrictions

　　Digi Coins claims to serve a global market, but specific details regarding its operational regions are limited. The broker's website indicates that it has offices in Cyprus, the UK, and Germany, suggesting a focus on European clients.

　　However, certain countries may be restricted from accessing Digi Coins' services, although specific regions are not disclosed. The lack of clarity regarding operational restrictions raises further concerns about the broker's transparency and regulatory compliance.

　　In summary, while Digi Coins presents itself as a comprehensive trading platform, significant doubts surround its legitimacy, regulatory compliance, and operational practices. Potential clients are strongly advised to conduct thorough research and consider the risks before engaging with the broker.

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