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Digi Trade

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Operating status: SCAM

Website: https://digi-trade.group/; https://wt.digi-trade.ltd/login; https://user.digi-trade.ltd/login

Broker violations and abnormal records
  • 2024-06-16 The CNMV adds Digi Trade to its warning list

    On June 17, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Digi Trade to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=DIGI-TRADE

    On June 17, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Digi Trade to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=DIGI-TRADE
  • 2024-06-17 BrokersView has reviewed that Digi Trade is an unregulated broker

    Digi Trade does not provide any regulatory information to prove its legitimacy, which is concerning. Although it offers a phone number starting with +44, which suggests a UK-based operation, there is no evidence that it is registered with the UK's Financial Conduct Authority (FCA). This lack of registration indicates a disregard for compliance.

    In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added Digi Trade to its warning list for providing investment services without authorization.

    In essence, Digi Trade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Digi Trade appears to be a scam.

    Digi Trade does not provide any regulatory information to prove its legitimacy, which is concerning. Although it offers a phone number starting with +44, which suggests a UK-based operation, there is no evidence that it is registered with the UK's Financial Conduct Authority (FCA). This lack of registration indicates a disregard for compliance.In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added Digi Trade to its warning list for providing investment services without authorization.In essence, Digi Trade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Digi Trade appears to be a scam.

Related Complaints

Q&A

Digi Trade seems to be licensed. Am I right???

Carly Light
Australia
2024-06-19
ANSWER No, Digi Trade is not licensed.Digi Trade fails to share any regulatory credentials, which is a scam indicator. It lists a +44 phone number, hinting at UK operations, but there's no proof of registration with the UK's Financial Conduct Authority (FCA), showing a potential lack of concern for regulatory norms.Furthermore, Spain's financial regulator, the Comisión Nacional del Mercado de Valores (CNMV), has issued a warning about Digi Trade for offering investment services without proper authorization—another red flag.Given these circumstances, we urge investors to stay away from Digi Trade to protect their money from potential fraud schemes. It is recommended to opt for fully regulated brokers for a safer trading environment.
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