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Digital Premium Trade markets itself as a trustworthy forex and crypto enterprise. The firm accepts both rookie and expert traders. You can join them and start enjoying great rewards. The venture states it has a payout of 90%.
Investment is all about the statistics. If a broker cannot provide evidence, you shouldn’t consider giving them a chance. We are yet to see anyone that has earned after utilizing the company. You should be wary of offshore firms using false information to trap more victims.
There are several pairs clients can trade. Trading bots are not as efficient as scammers purport to be. System malfunctioning is a significant shortcoming. How Digital Premium Trade plans to mitigate the issue is also not discussed. They also insinuate clients do not need trading knowledge to enjoy attractive returns.
If you blindly start trading without having basic knowledge, you will undoubtedly have a hard time. The shady venture targets rookie clients looking for opportunities to make them rich overnight. You are better off without this entity. There are too many red flags to turn a blind eye to.
Here is a list of some of the best crypto entities. These are transparent and sound companies that put their clients first. You will enjoy better rewards and trade with peace of mind. They have a proven track record as they have been operating for years.
Digital Premium Trade claims its system is secure. Therefore, the data and funds of investors are safe. The entity expects clients to verify the account using government-issued documents. We do not recommend sharing such critical information with an ambiguous entity.
Moreover, the platform fails to share its banking information. How are we supposed to know the fraudsters are not pocketing customers’ funds? The regulatory bodies mandate all firms to work with reputable financial institutions. This ensures clients’ money is kept in separate accounts.
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Another disadvantage with the broker is it works independently. Offshore firms are dangerous as they tend to violate the set rules. Additionally, the platform domain name was registered recently. It will also expire after a year. Ponzi schemes never intend on staying in the industry past this duration.
This is because they will be exposed or blacklisted by the financial watchdogs. Digital Premium Trade is a discrete firm. We do not know the qualifications of the team or the founder of the firm. It builds trust knowing you are dealing with professionals. Moreover, you will know who to go after if the entity breaks the law.
Digital Premium Trade is not trading. Instead of providing a functional trade interface, the scam has charts. If you attempt to execute a trade, you will receive a message indicating an active trading bot, and you must contact the entity to disable the software.
We do not recommend investing with the entity. This is the quickest way to lose funds. If indeed they have a trading bot, the least they would do is to provide their performance. It is also clients’ right to choose whether they want to trade manually or automatically. It is not the responsibility of the broker to choose.
Digital Premium Trade is a verified scam that is not investing. If you want to trade genuinely, you can settle with a firm offering either the MT4 or the MT5. The advanced software has advanced trading tools, indicators, and charts. You can also customize Expert Advisors.
It is pointless to discuss the trading conditions of the platform. Their spread and leverage information is featured to win them more customers. You need to know what you are signing up for by choosing a fraudulent firm. They can exit the market unceremoniously without giving notice.
Digital Premium Trade lists payment options like; BTC, credit and debit cards, Money Gram, and Western Union. However, the scheme only seems to be collecting funds via cryptocurrency. There are many advantages of using digital payment. For instance, there are minimal fees compared to traditional forms of payments.
Additionally, the deposit and withdrawal process is swift. On the other hand, scammers and criminals conceal their identities using the same payment option. It is impossible to know the person that receives the funds. Moreover, investors cannot issue a chargeback.
Digital Premium Trade is accepting a minimum amount of $1. The company has minimal information on the withdrawal. We do not know the minimal amount customers can cash out. Moreover, it is uncertain the fees the entity has.
Unfortunately, we do not know the actual location of Digital Premium Trade. The entity provides a generic office address to appear as a transparent firm. If you cannot trust them with such data, there is no point in venturing with the scheme. Who knows what else they might be hiding.
The broker has a phone number and email address. You can use either means to reach support. However, you should note scammers have no business with their victims after realizing you have run out of money. Digital Premium Trade is untrustworthy and shady. Look for companies that understand the importance of investing funds in quality support.
Various countries have set up strict rules to which all brokers must adhere. It is illegal for an investment firm to collect money from public members without acquiring a license. Digital Premium Trade is an independent company. There is no corporation supervising their activities.
The venture purports it originates from the US. The National Future Association and the Commodities Futures Trading Commission (CFTC) do not authorize the shady entity. Their terms and conditions are shallow. Offshore platforms tend to change their legal documentation whenever it suits them.
The US financial agency requires investment schemes to deposit a $20 million capital. The amount should be kept in a segregated account. A company must also provide the name of the financial analyst and founder. If the broker violates the rules, the authority knows who to go after. On the other hand, Digital Premium Trade is an anonymous scheme.
If the company faces bankruptcy, it will end up leaving the market. Sadly, investors cannot recover the lost money. Moreover, Digital Premium Trade does not protect customers against negative account balances. They are not reporting their daily transactional report. Therefore, the scam can manipulate the market price to work in their favour.
The company is insincere. They claim to have a profitable bot that can generate 90% ROI. There is no evidence of anyone that has withdrawn profits from the company. The firm is using fake testimonials to win over more victims. Investors claim they have attained over $7000 in a week.
Digital Premium Trade would have high traffic visiting their website if this were the case. Sadly, this is not the case. There is also no proof of payment. If this is a scam, that will only make you lose money. Forget about joining them and look for a legit scheme.
Digital Premium Trade is not regulated, and they are operating in a discreet area. The trading conditions of the firm are also generated. The shady firm does not have trading results or trading software.
Here is a list of reliable crypto ventures. They are sound and operate in full transparency. You will be able to attain peace of mind and earn passive income. You can also check out their clients’ experiences to make an informed decision.
No, the company does not have a license.
Unfortunately, the entity does not have enough funds to hire a professional team.
No, the broker is exposing traders to risk.
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One Reply to “Digital Premium Trade Review: Digitalpremiumtrade.com Terrible Scam”
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Digital premium Trade is a big time scam indeed. Be careful y’all. You can’t trade, can’t withdraw too. The support asks you to deposit fees to be able to withdraw