In this Digifinex broker review, we highlight reasons why this entity is a scam that you should avoid at all cost.

If you have lost money while dealing with this shady broker, you can recover it. Find out how on this page.

Digifinex broker review: Not legit but a big scam

The broker masquarades as a legit trading and exchange platform offering a wide range of services.

Just like Azbit, this scam offers trading in derivatives, buying and selling of Crypto, Crypto loans, NFT investing, wealth management and staking (where the more you hold funds on their platform, the more you’re supposed to earn).

Digifinex claims that they are transparent and dependable but we have failed to find evidence that suggests this is true.

The scam is also selling bogus tokens and enticing people to invest money on them. These tokens costs the company nothing to generate but keep in mind that the broker is selling them for real money.

When you buy the fake tokens, you will soon realize that you are stuck with tokens that you can’t sell to anyone due to poor liquidity.

Their wealth management feature is also designed to scam you by accepting deposits and returning losses in the form of refusal to process your withdrawal requests.

When we checked the specific Digifinex wealth management page, we found that the company has published various APR figures and surprisingly, all of those figures suggest that investing in the service would return a loss.

Yet they claim that the service is ‘built by champion quant team’. This is clearly not the case seeing that this service would never benefit anyone.

Digifinex broker review: Not authorized

This broker is providing services that are regulated but the entity itself is not licensed. The broker is therefore offering a risky platform for trading.

If you trust them with your money, you will lose all of it and there will be no consequences for the scammers.

Secondly, this broker is not a member of any compensation scheme. This means that if the company is dissolved, they will run away with your money.

In short, the company is not being supervised by any financial authority, hence it is risky dealing with the broker.

The Conclusion of this broker review

We warn you against transacting with this scam broker as the losses may be too big to bear. Their website is designed in such a way that it will entice newbies but from the backend, what we see is a neat scam.

So if you have lost funds while trading here, you should consider getting back your money and this is how to proceed.

Thank you for reading this Digifinex review.