DgtlFuture review – 5 things you should know about dgtlfuture.com

Beware! DgtlFuture is an offshore broker! Your investment may be at risk.

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

The DgtlFuture website wants us to believe that this is a broker that will help us enter the trading arena with confidence. But even a baseline inspection provides ample evidence that this is not the case. In this review, we’ll show you how to distinguish fake brokers from real ones, using DgtlFuture as an example.

DgtlFuture Regulation and safety of funds

The first thing to look for in a forex broker’s website is which legal entity runs it, where it is based and what regulatory oversight it is subject to. Licensed companies are also required to provide a comprehensive set of legal documentation.

We do not find any identifying information in the case of DgtlFuture. There is no company name listed, no Terms and Conditions, Customer Agreement or other required documentation. If you don’t know exactly who you are dealing with and what the terms of the deal are it would be an obvious mistake to put your money on the line.

DgtlFuture claims to have offices in Luxemberg and the United Kingdom.

But a check of the records of the relevant financial regulators shows that there is no licensed broker using DgtlFuture’s trade name and domain.

If you intend to invest in financial instruments, you should beware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences. There are numerous benefits to working with a company that is truly authorised and supervised by a regulatory institution such as the UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

DgtlFuture Trading software

DgtlFuture implements a basic web-based platform. It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

DgtlFuture Trading instruments

DgtlFuture  advertises trading in all major asset classes, including cryptocurrencies. This is actually further proof that this is not a licensed broker based in the UK. FCA regulations prohibit brokers in the country from offering trading in crypto derivatives.

DgtlFuture Spreads and cost of trading

In the trading platform we see a spread of only 0.2 pips. Such a raw spread implies that the broker is charging some kind of commission. But DgtlFuture does not provide information about the price paid by the customer.

DgtlFuture Maximum leverage

DgtlFuture offers leverage of up to 1:200, which is further proof that it is not a regulated broker. High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

DgtlFuture Deposit and withdrawal methods

There is only one option in the DgtlFuture  deposit menu – to send an amount to a user via  PayPa. The recipient’s email is not the official DgtlFuture email.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as Skrill or Neteller.

DgtlFuture Minimum deposit

The leading brands in the industry offer beginner traders starter accounts with a very low minimum deposit. You have no good reason to take chances with shady brokers like DgtlFuture.

DgtlFuture Withdrawal requirements

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet withdrawal terms.