Digital-Equity Review – 5 things you should know about

Digital-Equity Review – 5 things you should know about

Beware! Digital-Equity is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


If you are looking at Digital-Equity and wondering whether it is safe to trade via their platform, we can help you make a decision. Let’s look at some key features for this company.

Digital-Equity trades is a forex company trading in currency pairs, indices, metals, energies, futures and shares. To its clients, the company offers 4 accounts ( screenshot below) – Bronze, Silver, Gold and Platinum. Later on, we’ll look at those accounts in more detail. To register, you need to fill out the registration form with a very basic information and after your account is verified, you can start trading. However, to be able to deposit and withdraw funds, you need to supply personal identification information.


Digital-Equity Regulation and safety of funds

The site for Digital-Equity is owned and operated by Bi-Global World LTD, registered in the Marshall Islands. You must know that the Marshall Islands is an offshore zone without a financial regulator. The implications, if you choose to trade via this company, are that there is no guaranteed safety of funds. It means that if this forex company goes belly up, you’ll lose all your deposited funds. Ask yourself if it’s worth the risk to trade via this company!

What we always recommend to our readers is to look for forex brokerages in the well-established jurisdictions, such as EU, UK, US where the safety of funds is guaranteed. Let us give you an example: to be licensed in EU or UK, a forex company should provide an initial capital of not less than 730,000 EUR. For the US the amount is even higher – $20 million. In addition to that, forex companies must contribute to a compensation fund from which, in case of bankruptcy, the company’s clients will be compensated with up to 20,000 EUR if regulated by CySEC or 85,000 GBP, if regulated by FCA. As you can see, it makes a world of difference for your funds and you should think wisely before choosing your forex company. Not being regulated, there is not guarantee that Digital-Equity  isn’t a scam. Why risk your money by trading via it?

Digital-Equity Trading software

To its clients, Digital-Equity offers the MetaTrader 4 trading platform. If you are not new to the forex trading world, then you would know that MT4, although quite old, is considered to be one of the best trading platform and still very popular with forex brokers. Its many advantages include numerous tools and instruments, such as a code base with customs scripts, auto trading option, a financial calendar, an app market and trading signals (for a subscription fee). The charting package of this platform offers different types of frames and templates to choose from in addition to indicators, such as Bollinger Bands, Fibonacci retracement, etc. It’s no wonder that about 80% of the brokers still use this excellent trading platform.

On the screenshot below, what you can see is a unbranded MT4. On the left side are displayed the menu for the forex currency pairs with their bid/ask price and the navigator with its accounts, indicators, expert advisors and scripts. In the middle, you see displayed 4 charts containing 4 currency pairs with their price fluctuation in a given timeframe and positions. If you look at the EUR/USD currency pair, you will see that the spread is 2 pips.

If you compare this with the information given in the account types for Digital-Equity, you will see that the spread for the Bronze account is higher, starting at 2.8 pips which is rather wide. Also, the leverage in the same account is shown to be 1:300 which is quite high compared to the leverages offered by licensed brokers in EU where there is a leverage cap of 1:30 and in US where the leverage cap is 1:50. The limitation imposed on leverage in these jurisdictions aims at reducing the risk of financial loss for the forex traders. High leverage signifies big win or big loss and given the high percentage of traders losing money in forex transactions, you will be well advise to select a forex company that offers a low leverage ratio.

Digital-Equity Deposit/Withdrawal methods and fees

The minimum initial deposit is $250 for the Bronze account. The other accounts start at $2,000, 10,000 and 50,000 respectively.

If you examine the company’s website, you will notice that the deposit methods include payments via debit/credit card and bank transfer. The same methods apply for withdrawals.

The minimum withdrawal request is $50. The company states that it can process a withdrawal request within the same day if the identity information is supplied and the withdrawal request is made before 2 pm. However, it may take up to 5-8 business days before the money reaches the client’s account if it is a credit card transaction and up to 3 days more if it is a bank transfer. These for sure will cause inconvenience to the traders, as the total withdrawal time is rather too long.

To its clients, the company offers bonuses which if the client agrees to receive, carry some very heavy requirements when it comes to withdrawals. For example, in order to be able to withdraw bonus funds, the client must trade a minimum trading volume equal to the amount of the bonus divided by 4, i.e., if an account is funded with $1000 and the bonus amount is $200, a trading volume of 50 lots has to be executed before the client has the right to withdraw bonus funds and profit. In addition to that, if the trading is not fulfilled within 60 days, the company will withdraw the bonus amount from the client’s account and on top of that, the leverage cannot exceed 1:100.  As you can see, these requirements are difficult to fulfill, so you should be very careful before accepting any bonus as it may mess up you entire trading experience. And here, we would like to advise you to stay away from bonuses, as tempting as it may look, and choose one of the licensed and legitimate forex companies which do not offer bonuses to their clients!

How does scam work?

Actually, it’s quite simple and people often fall into the trap of experienced scammers. We bet you have seen those attractive ads on the Internet promising big and quick profits over a short period of time. Just provide your personal information, and voila! The scam brokers are waiting for you and you will be inundated with phone calls promising easy profit. Tempting, right? You think ‘OK, I can spend $200-300 and see what profit it brings me’. Congratulations, you just provided a fat commission for your scammers that will be distributed down the food chain. Now you have ‘graduated’ to be handed over to a senior ‘broker’, a smooth talker who will try to convince you that there is no more perfect time like now to invest more money. After all, you want to make more profit, right? However, something starts to feel off and now you start asking yourself questions and all you want is to withdraw your money and get out fast.
Unfortunately, it is too late! Someone has pulled the cheese and you are trapped because scammers don’t give up easily. Scammers will do anything in order to delay you so that you miss the deadline for chargeback.

What to do if scammed?

Our advice is to immediately file for chargeback if you have been lucky enough to make your deposit via credit card. VISA and MasterCard allow for 540 days chargeback period, so you still have a chance to get your money back.
Things don’t look so good if your currency of choice has been Bitcoin or bank wire. In that case, you may have to wave your money goodbye.
There are some other things that you can do in case of being scammed – cancel your credit card if you have given your CVV code to the scammers. Also, erase any software from your computer that gives scammers access to your private data.
Be warned, as well, that some so-called ‘recovery agents’ may approach you promising to recover your funds for a fee. It could be another form of scam where scammers prey on your misfortune. Should you choose to use one, you must make sure that you are dealing with a genuine and legitimate agency by checking their credential and company’s information and transparency.

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