In our review of DGTL Trade (dgtl-trade.com), we will provide reasons why you should avoid this broker altogether.

Dgtl-trade.com is pretending to be a legitimate Forex and CFDs broker but we’ve received multiple reports from victims who got scammed by DGTL Trade.

If you’ve lost money in this kind of Forex scam or any other, there’s help in recovering your funds. Get started by visiting this page.

DGTL Trade broker Review: dgtl-trade.com is not legit but a Scam

The complaints that we’ve received is what triggered a review of this fraudulent broker. Many victims who fell into the trap have stated very well that DGTL Trade is a big scam as they lost their funds when they tried to invest in the platform.

While investigating the site, we found a number of red flags as well that point to the exact confession of these victims.

The first red flag is that DGTL Trade is a broker with no corporate existence. They do not have a registered company anywhere in the world. And this also means that they do not have a physical address either.

In other words, the broker is operated by faceless people whose agenda is to scam victims who don’t know better.

The broker wants a minimum deposit of €5 000 for the basic account type. This account type does not give consumers the best trading conditions either.

For example, the listed spread is 2.8 pips yet for this amount of money, any decent broker will give you better spreads and ensure that your trading experience is more than desirable.

Also, we have noticed that dgtl-trade.com does not offer demo trading for customers who would like to practice before going live.

Only a shady broker would refuse to offer a practice account since this is a standard thing in the Forex brokerage industry.

Dgtl-trade.com Review: The broker isn’t regulated

When you look at the conduct of DGTL Trade, then you should conclude even before looking that this broker does not have a license.

They are not authorized by any oversight authority to provide financial services. Now that we do not know their physical address, it is not possible to tell wherere they’re operating out of.

This is indeed a huge red flag because the first way that brokers build trust with their clients is by showing them a regulator’s license which indicates that the broker is authorized to provide its services to consumers.

But in this case, the broker is making zero effort to appear legit. And we already know that all unregulated brokers are fishy and fraudulent.

Look at the recent case of GFE Market. They are unregulated and if you look at the comment section, you will find many complaints.

To conclude, a broker that is unregulated should never be trusted.

The Conclusion of this Broker Review

Trusting this broker with your hard-earned money will result in a big loss. If we estimate the potential loss, it could be in the €5 000+ zone because that is the minimum that the scam is asking for.

We don’t know how good their support is but the fact that they don’t even have a live chat shows us that they don’t offer any professional support to their ‘traders’.

The broker is operating like a cashcow because all that the crooks are interested in is your money.

Avoid the broker altogether and if you have lost money already, visit this page to learn how you can recover it.