Digi-Coins – Is it Safe to Invest?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Digi-Coins - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2021
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://digi-coins.net/
Founded: 2021
Regulations: Unregulated
Languages: English, German, Espanol, Italiano, French, Chinese, Japanese, Netherlands, Svenska
Deposit Methods: Credit/Debit cards, Wire Transfers, Skrill, Neteller and UnionPay, Bitcoin
Minimum Deposit: €50
Free Demo Account: No
Number of Assets: N/A
Types of Assets: Forex/Currency Pairs, Indices, Crypto, Commodities, Shares, Metals, Energies
Trading Accounts and Conditions
Digi-Coins boasts a total of six overwhelming account types, each providing a sizable amount of leap from one tier to the other. The Basic account type has a minimum deposit of €50; Professional has €1,000, Premium has €5,000, Superb has €25,000, Deluxe has €50,000, and lastly, the VIP who has a minimum of €250,000.
Although Digi-Coins provides various choices for investing, don’t get swayed by them because nothing matters since Digi-Coins is a total scam from the get-go. Another thing to note is their offered leverage that can go as high as 1:2000. Although this is a desirable amount, we still suggest pulling back as early as possible to avoid possible financial losses. It is usual for brokers to have high leverage offerings, and to start making even more profit, you should find a more secure and trustworthy broker.
Digi-Coins has very vague trading terms as they don’t explain the real benefits and advantages of trading with them. They put their clients in a very tough spot, and when dealing with money, you should always go for someone that isn’t afraid of being transparent. That alone is a major red flag that tells you that trading with Digi-Coins shouldn’t even be called an investment since they are a total scam.
Digi-Coins – Advantages
Given that Digi-Coins is an unregulated brokerage dealing and investing with them is very unsafe. Do yourself a favor and find another company that is well-presented and monitored by a large and vital financial authority. Digi-Coins will only give you a headache with all its lies and scammy nature.
Digi-Coins – Disadvantages
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Fund Safety and Regulation Concerns
Digi-Coins introduces themselves as both MiFID compliant and CySEC verified, which isn’t a bad thing if it is true; in fact, these two institutions are well-respected. It would mean that they are legitimate brokerages. However, upon conducting research and spending some time on their website, we have concluded that these claims are nothing but lies. They are in no way affiliated with these two institutions mentioned above. In reality, CySec issued a statement regarding Digi-Coins, warning about the potential danger it could bring to many people’s funds.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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No Trading Software Available
On their website, Digi-Coins states that they use these platforms to cater to their clients’ needs when it comes to trading; Web Trader, IoS Trader or Android Trader. Aside from that, they are also boasting their service’s portability, claiming that it is entirely possible for anyone to trade anytime and anywhere. However, some stated in this section are all lies, once again, as they don’t provide any trading software, even the most common MetaTrader4 is absent. It isn’t just a major red flag, but a straight sign that this website only cares about your money. After you have deposited, you can’t do anything with your funds; you won’t be instructed to download anything since they don’t care about their clients. The only thing they can do to cover up their tracks is to provide a very basic web-trader that doesn’t do anything.
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Sketchy Deposit and Withdrawal Conditions
Although they offer a low entry price for those that want to start trading, they still impose sketchy conditions that are rather unfair to their clients. Besides that, they have also lied about their deposit methods, saying that they accept Credit/Debit cards, Wire Transfers, Skrill, Neteller and UnionPay, Bitcoin. In reality, they are only powered by Bitcoin! Want to know the reason why? Well, Bitcoin is unregulated, and many people may access it, even anonymously. Bank-based transactions, however, are hard to pull off in this type of scam, so consider this a very early warning about their actions and unfair decisions.
Legitimate brokers and those regulated by trusted financial institutions are known to be very gentle when it comes to withdrawal limits. Some of them even allow their clients to withdraw their earnings, whatever the cost and time. Digi-Coins, however, puts a $50 withdrawal, almost the same as the deposit amount that they are asking for.
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Bitcoin Payment Option
By now, Bitcoin has been a staple as an online payment method, and almost anyone knows its wonders and how much it has helped many people, especially those in business, mainly that are online-based. Even though it has its particular strengths, Bitcoin still suffers from its shortcomings, which is why it became a disadvantage for the clients of Digi-Coins. Bitcoin is a fast and reliable payment option, but the problem is, each transaction and payments made through Bitcoin are irreversible, meaning that once that they are processed, there’s no way that they can be refunded. It makes it even scarier at this point since the security of your funds as a client will be uncertain, and given that Digi-Coins is a scam brokerage, the chances of getting back the money invested are pretty much zero.
At this point, you should keep in mind that online scammers are notorious for using only Bitcoin as their payment method, so if you encounter something like this, make sure to pull back and just resort to those that offer a wide variety of options. It is recommended to go for payment methods monitored and regulated by banks since if something goes wrong, they can quickly get in as a mediator of the transaction, making it a lot safer for the client.
Conclusion
Digi-Coins might present itself as a clean and sleek-looking website. Still, behind those are predatory people taking advantage of those who don’t have prior knowledge of investing and, generally, brokers. It would be best to look for other websites that offer legitimate trading opportunities because Digi-Coins is in no way a safe option.
Digi-Coins
Pros
- None
Cons
- Fund Safety and Regulation Concerns
- No Trading Software Available
- Sketchy Deposit and Withdrawal Conditions
- Bitcoin Payment Option
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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