Digital Equity as New Forex Broker. Should you trust Digital Equity?15 / September / 2020
The search of the honest broker on the market is a tricky quest, like in video games. In the ocean of fraud and scams, the good ones are rare and hard to find. However, here is a rare example of the descent broker that has not been mentioned in the reputation scandals since its establishment. Meet Digital Equity!
Digital Equity broker is a relatively new player on the market. Located in the Republic of the Marshall Islands, the company started providing quality brokerage service in 2019. First clients mention the high security level and generally positive experience. It is not easy to find full and detailed Digital Equity review on the Internet, so let us help you and provide some information. First, let’s focus on the strong points.
The broker company can collect money from its clients in different ways. Of course, it charges spreads – the small fees from every trading deal. However, many companies try to increase profits with the extra commissions – for withdrawal, for deposits, for personal account management, for the insurance… As a rule, these fees stay small and almost invisible for a trader. However, from a long-term perspective, these fees make a significant amount of money.
Digital-Equity.com brokerage does not charge extra commissions, excluding spreads. No open or hidden fees, nothing to worry about. It becomes especially important when a trader begins to operate with higher sums of money.
Many beginners lose their money at the start of their trading career. The lack of experience, an absence of a plan, and impatience can push a trader to a deposit loss. Some of them disappoint and leave trading forever. That is why some brokerage companies do not pay much attention to beginners: they focus on experienced traders who make the company’s main profit.
Digital Equity forex trading goes another way. The company creates a supportive environment for beginners. That is why it is a perfect starting point for new traders. The company offers a vast database and an area to improve the trading skills. In this way, they get more experienced traders as clients – most of the newbies level their skills quickly.
Investigating the sites of different broker companies, we noticed that sometimes the sites are overloaded with information or advertising. Of course, the owners do this for the best purposes: to make the valuable information available for the users, or earn some extra on advertising. However, sometimes it is not comfortable for the users. Closing the pop-up windows and scrolling the pages down, they wait a time.
Digital Equity broker offers the website with a modern and pleasant design. No bright images capture the eyesight and break the mindflow, no annoying pop-ups and advertising – just simple navigation and minimalistic color scheme. Our Digital Equity review would not be complete without mentioning the perfect functionality. You never notice everything works flawlessly until you face the technical issues; we tested the website several times and didn’t reveal any problem.
Digital Equity broker follows all the necessary regulations and rules to ensure the high funds’ security level. For the clients, these regulations and rules can result in some limitations. For example, the age of the client is limited to 18-65. However, the company is ready for some inconveniences striving to meet the necessary rules.
To avoid scam, Digital-Equity.com provides the two-step verification procedure for any new account. The company is required to prove the identity of the client and the status of the bank account. Attention: the company does not require and collect your private banking data. If somebody requires your CVV, password, secret word from the name of Digital Equity broker, please inform Digital Equity scam department about this immediately.
Digital Equity also follows money laundering regulations. The company forbids using the funds from illegal activities for the trading. To avoid the illegal money transactions, the company allows funds withdrawal for the account from which it was deposited, and in the same currency. However, these regulations are standard, and if the company does not follow it, it is probably a scam.
Our Digital Equity broker review would be incomplete without mentioning a demo account. It is a unique training program for new clients that learn how to trade without investing real money. However, we’d better recommend starting with a live account. The client can choose any live account, including the smallest one.
The live accounts in Digital Equity broker are divided on four levels named by precious metals. The lowest level is Bronze; the highest level is Platinum. The level depends on the deposit amount. The leveling of a live account is more luxurious that necessity, so the terms are almost identical for each account type. Though the spreads are lower for the Platinum account, however, this is the main difference.
Digital-Equity.com representatives say the little difference between the account types makes sense. The company does not want to offend and distract the owners of low-tier accounts providing the worse service to them. This democratic approach is the benefit of the company.
As a rule, the traders refuse to work with the traders without an excellent reputation. It makes sense because a market is overcrowded with the bad brokers. Digital Equity has got a reputation of a trusted broker, but it is needed to be proved. In our Digital Equity broker review, we are looking for the proofs and start with terms and conditions.
As we mentioned above, the company offers different account types. Four types of live accounts and demo account for beginners. For all these types, Digital Equity offers the leverage 1:300. Not good, not terrible: the leverage can vary from 50 to 2000, and the higher leverage number means the higher risk. The spreads are almost the same, with little lower for the Platinum account. However, this is not a real problem because the Platinum account starts from a $50,000 deposit, and not many people can allow such a high start.
Nowadays, software development companies issue a bunch of software solutions for trading. The brokerage companies believe in the brilliant perspective of new software and buy brand-new solutions. Soon they often face surprises. Insufficient data protection, frequent break-outs, incompatibility with some types of gadgets and OS – this is just the shortlist of the possible problem.
After the detailed analysis, Digital Equity scam analysts decided not to risk and to use Metatrader4. This platform is more than ten years on the market and still it’s completely safe. It is user-friendly and straightforward. What is important, the platform is compatible with older gadgets. You must not upgrade your PC or buy the flagman smartphone to work with MT4. Besides, this platform is easy to install and improve.
Metatrader4 is simple, but it is not primitive. The capabilities of this platform are almost unlimited. MT4 works with numerous internal plugins and external tools that are developed by traders to traders. The trader can install favorite indicators, make the market analysis, and trade with profit.
The last but not least MT4 feature that should be mentioned in this Digital Equity broker review is accessibility. Most of the traders install the platform on their PCs. What should they do if they need to access their account urgently, not from the usual PC? They can use the web application that is available via a browser. Moreover, MT4 provides the mobile client for the remote trade. The functionality of web application and mobile client is almost the same as the desktop version. So, with MT4, all the trader need is a good internet connection. The right choice, Digital Equity, we appreciate it.
Digital Equity review shows that broker offers 145 trading assets. Why should we appreciate this? When all economic indices go down in times of crisis, the investors switch from currencies and stock to reserve actives – metals, commodities, energy futures. Having a wide range of trading products, the trader can choose the most profitable and suitable. Digital Equity does not work with cryptocurrencies but it makes sense because of legislation issues. Here are the leading group of trading actives for Digital Equity:
Currencies – the company offers more than 50 currency pairs for trading. Together with the major pairs with EUR and USD, the company works with JPY, GBP, and CAD.
Energy futures – the contracts for oil and gas are usually used as the reserve assets when the currencies go down.
Commodities – one more reserve active, gold and silver contracts, are also popular, including the fact that recently gold reached its historical maximum price.
Stocks – though Digital Equity is focused on forex trading, they offer the shares of the richest and largest global corporations.
Indices – if the trader wants to enter the stock market but cannot choose a stock for trading, it is possible to start with indices trading. Stockmarket indices go up and down, and they are also a trading asset in Digital-Equity.com.
We decided to leave this point to the end of our Digital Equity review. Customer support is obviously one of the best features in this company. Every client can reach the support service by phone, email, or form on the site. Of course, it’s still not live chat, but probably they will add it later. Several teams work to ensure 24\5 support for company clients. If you search for Digital Equity reviews, you’ll find the tons of compliment to this company’s support service. It has a reason.
All support specialists are well-trained, polite, and professional. Of course, sometimes on holidays, they have a limited number of operators, and a client should wait for some time. Usually, the client can reach them very fast and ask any question related to the company, starting from “How to change the type of account?” and up to “Is Digital Equity a scam?” The operator will provide the best possible answer in the shortest possible time.
Phone number: +441507243012
The market of online trading is huge. Unfortunately, sometimes scammers create false brokerages to collect money from their clients and disappear. That is why every new broker is an object for close monitoring.
So that’s why we addressed the same question to digital-equity.com. When the company just started its activity, many market players asked: “Is Digital Equity Scam?” Now we can confidently answer they are not. First, they do their business for almost two years – it is too long time for a scam broker. Second, they invest in the services trying to create the best supportive environment for their clients. At last, they care about the clients and take all proper measures to create a safe and comfortable area of trading. The novice trader can even start with the demo account with no investments at all.
So, you can register on the Digital-Equity.com website, verify your account and start working with this broker. Their services overshadow some minor issues; they have leveled accounts, good trading platform, and descent reputation. We believe in this new broker and successful cooperation.