Digital Pro Trade Review: Digitalprotrade.net Exposed Scam!
- - Can't withdraw your funds from this fraudulent company or broker?
- - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
- - Or is there an excessive delay in processing your withdrawal?
- - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?
It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Got-Payback consultation today:
You will be redirected to got-payback.com after clicking the image
Digital Pro Trade Review
-
Regulation
-
Fund Safety
Summary
Digital Pro Trade should be under the oversight of Monaco’s financial watchdogs due to its region. However, when we checked the financial regulators’ databases in Monaco, the broker’s name was missing. In the Terms and Conditions page, the broker has named the offshore jurisdiction of Vanuatu. This is contradictory because earlier, they had stated Monaco as their location.
Digital Pro Trade markets itself as the new generation forex trading broker. They claim to offer cutting-edge technology and other resources such as trading tools and a sophisticated online platform. Upon closer inspection, however, you will uncover their true identity and motives. This broker is a typical scammer whose only aim is to deceive unsuspecting traders.
The forex market is riddled with so many conniving forex brokers. These companies operate anonymously and sometimes with impunity especially those in offshore jurisdictions. It behooves all traders to stay alert while investing in this risky market. Nevertheless, there are still many honest and transparent brokers in the forex market. These are the ones you should consider when investing.
About digitalprotrade.net
From the firm’s webpage, we learned that you can trade currencies, commodities, stocks, and crypto. There are Beginner, Experienced, and Professional accounts, each having different parameters. The beginner account, for instance, has a minimum deposit of $150. The broker markets this as a starting account for those who want to learn the basics of forex trading.
We checked whois.com to see how long the business has been in operation. Unsurprisingly, they registered their domain in December 2024 and it will expire in December 2024. Scam brokers typically don’t operate for more than one year. They exit the market soon and most often go and rebrand. One fake broker could even be operating multiple websites.
Founders and Team
Founders and team leaders are the backbone of any organization. They provide the vision, direction, and integrity that define its identity. In the realm of forex trading, where trust and transparency are paramount, knowing the individuals behind a brokerage firm is not just a matter of curiosity but a critical factor in making informed decisions.
Digital Pro Trade hasn’t revealed who its leaders or founders are. They fear that if they do, it could affect their profitability. This broker knows that the leaders’ reputation is critical and influences customers’ decision-making process. If the leaders have a tarnished history, this affects the company’s future.
Digital Pro Trade Contact Details
In case of any enquiries, Digital Pro Trade says they are waiting for you at Boulevard Princess Charlotte, 24 – 98000 Monaco. However, given this broker’s dubious reputation, this address could be fictitious.
A broker should be at the trader’s beck and call in case of any questions or challenges. The forex market is volatile and for inexperienced traders, this might be a challenge. Responsible brokers should also notify traders when they’re about to deplete their trading capital. This enables them to take evasive action immediately.
Regulation
One of the key features of a legitimate forex broker is that they give details about the legal entity that owns and operates them. They also showcase their legal operating licenses and the relevant certificates. If these details are lacking it shows the broker could be a scam. Also, some brokers may present fake certificates and awards to appear legitimate. Always research to authenticate the documents first.
Digital Pro Trade should be under the oversight of Monaco’s financial watchdogs due to its region. However, when we checked the financial regulators’ databases in Monaco, the broker’s name was missing. In the Terms and Conditions page, the broker has named the offshore jurisdiction of Vanuatu. This is contradictory because earlier, they had stated Monaco as their location.
The website is also available in Russian, indicating they target Russian citizens. Financial regulators in the country have warned its citizens about investing with the shady broker, noting that they are operating without a license.
Digital Pro Trade Trading Conditions
The spread is from 0.7 pips, and the leverage is 200:1 for currency pairs. These are good conditions, but the leverage is unfavorable. Such a high leverage may be tempting, especially to novice traders, but it is dangerous. Traders can be tempted to increase their lot size, and this could quickly wipe out an account.
We noted that the broker allows traders to deposit through cryptocurrencies, PayPort, and Wellex. The methods are convenient for them because they facilitate scamming. Cryptocurrency transactions, for example, are irreversible and untraceable. Wellex and PayPort are unreliable.
Final Verdict
All the characteristics of the broker prove that Digital Pro Trade is a scammer. Their features are different from the many honest and transparent crypto brokers in the market today.
As a trader, it’s paramount that you thoroughly research a broker before trusting them with your money. Also, read unbiased reviews about the broker to learn more about their operations.
