Digi Coins-Overview of Minimum Deposit, Leverage, Spreads

Note: Since Digi Coins official site (https://digi-coins.net) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

Digi Coins, a trading name of TOROFLEX LTD, is allegedly a suspicious clone forex and CFD broker registered in Cyprus that claims to provide its clients with a wide range of tradable financial instruments with leverage up to 1:2000, spreads from 0 pips and commission from 0.05% on the web-based trading platform, as well as a choice of six different account types.

Market Instruments

Digi Coins advertises that it offers access to more than 16,000 markets, including CFDs on 40 forex pairs, commodities, shares, indices and cryptocurrencies.

Account Types

There are six live trading accounts offered by Digi Coins, namely the Standard, the Professional, the Premium, the Superb, the Deluxe and the VIP. Opening a Basic account requires the minimum initial deposit amount of €50, while the other five account types have much higher minimum initial capital requirements of €1,000, €5,000, €25,000, €50,000 and €250,000 respectively.

Leverage

A leverage ratio of up to 1:2000 is offered by Digi Coins, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

Digi Coins claims to offer spreads from 0 pips and commission from 0.05%.

Trading Platform Available

The platform available for trading at Digi Coins is a web-based trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Digi Coins says to accept payments with credit/debit cards like VISA and MasterCard, Wire Transfers, China Union Pay, Neteller, PayPal and Skrill, but in reality, it turned out that it accepts payments via bitcoins only. The minimum deposit and withdrawal requirement at Digi Coins are both €50. Each withdrawal costs almost 20% of the profits. There is also a fee of 19.4% of profits that should be paid before withdrawals.

Bonuses

Digi Coins also claims to offer some bonuses. However, according to their Terms and Conditions to pull out some money traders need to execute a quarter of the sum given in lots for 60 days. And if the client has failed to trade at the required volume, the withdrawal may be cancelled.

Customer Support

Digi Coins customer support can be reached by telephone: +44 203 807 1837, email: support@digi-coins.net pr@digi-coins.net hr@digi-coins.net. Company address: Ayiou Athanasiou 46, Agios Athanasios 4102 Limassol, Cyprus & 27 Market Place, W1W 8AF, London, United Kingdom & Franklinstraße 28-29, 10587, Berlin, Germany.