Digital Pro Trade has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Mexon Investments. We’ve received over 6 complaints against Digital Pro Trade.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Digital Pro Trade Regulated? Do They Have a License?
Digital Pro Trade markets itself as a cutting-edge forex and CFD broker. However, a deeper look reveals that this anonymous website is no more than a typical internet hoax. The purpose of this review is to explain how to distinguish between fraudulent and reputable brokers by utilizing Digital Pro Trade as an example.
Legitimate forex brokers provide detailed information about their legal structure, location, licenses, and regulatory compliance. The absence of such details, or their incorrect presentation, is a major red flag, signaling a potential scam.
Digital Pro Trade does not identify the company that owns the website. Even their Terms and Conditions do not include a firm name. The provided contact address in Monaco is certainly fictitious, as an anonymous website cannot legally function as a broker in a regulated state. Verification with the local financial regulator reveals that no regulated broker uses the Digital Pro Trade name or domain.
The Terms and Conditions mention an offshore jurisdiction, Vanuatu, which is another red flag. Furthermore, the website is mostly available in Russian, and Russian financial regulators have warned that Digital Pro Trade is unlawful.
In comparison, UK-regulated brokers provide guarantees of up to £85,000, EU brokers up to €20,000, and all offer segregated accounts and negative balance protection. Australian and US brokers provide varying levels of protection and transparency, emphasizing the need of working with registered organizations.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Digital Pro Trade might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Digital Pro Trade, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Digital Pro Trade
Digital Pro Trade provides web-based software for placing trades, modifying charts, and using technical indicators. However, it lacks advanced features seen in industry-standard platforms such as MetaTrader 4 (MT4) and MetaTrader 5. It is vital to note that the presence of a trading platform does not legitimize the website or guarantee genuine trade, as many scammers trick victims using rigged software.
Unlike Digital Pro Trade, MT4 and MT5 platforms offer a diverse set of advanced features, such as 30+ indicators on MT4 and 50+ on MT5, auto trading capabilities, custom indicators, and mobile versions for both Android and iOS. These features are common among reputable brokers, giving a complete and dependable trading experience.
Digital Pro Trade asks a $150 deposit, which is industry norm. However, for the same sum, one may open an account with a reputable and properly licensed broker. Leading brands provide Micro and Cent accounts with extremely low entry limits, making them ideal for beginning investors.
Digital Pro Trade supports payments via cryptocurrencies and obscure payment processors such as PayPort and Wellex, which are designed for deposits in Russian rubles, Turkish lira, and numerous Central Asian currencies. In contrast, legitimate brokers provide clear payment methods such as bank transfers, credit/debit cards, and well-known e-wallets such as PayPal, Skrill, and Neteller. This transparency means that clients may make secure and efficient deposits and withdrawals.
While Digital Pro Trade offers a variety of assets such as currencies, equities, indices, cryptocurrency, and commodities, the trading is most likely fictional. It is best to deal with regulated brokers to ensure actual market participation.
Reputable brokers such as FP Markets, XM, and HFM offer comparable extensive instrument coverage while ensuring actual market trading. They also provide competitive spreads, however larger than Digital Pro Trade’s seemingly modest spreads. For example, spreads on EUR/USD are normally between 1.0 and 1.1 pips with respectable brokers, as opposed to the ridiculous 0.6 pips observed on Digital Pro Trade’s website.
Digital Pro Trade claims leverage of up to 1:100 yet sets a higher amount of 1:200 on the trading site. Retail traders are not offered such high leverage by regulated brokers due to the enormous dangers involved. To prevent clients from excessive losses, UK and EU brokers limit leverage on currencies to 30:1 and 5:1 on stocks, respectively.
While Digital Pro Trade does not state any withdrawal criteria, scammers frequently introduce hidden fees and other gimmicks to prevent clients from obtaining their assets. In contrast, registered brokers fully describe withdrawal methods, with no special restrictions or hidden costs, ensuring openness and dependability.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Digital Pro Trade Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Digital Pro Trade Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Digital Pro Trade might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Digital Pro Trade reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Digital Pro Trade, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Digital Pro Trade enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Digital Pro Trade reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Digital Pro Trade.
You should always look out for consumer complaints. In the case of Digital Pro Trade, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Digital Pro Trade? You can share your complaint in the comment section or submit an anonymous tip.
Is Digital Pro Trade Legit Or a Scam?
Investing in financial instruments necessitates caution to avoid falling prey to fraudulent brokers such as Digital Pro Trade. Always check that the broker you choose is licensed and regulated by a respectable organisation, such as the Cyprus Securities and Exchange Commission (CySEC) or the Financial Conduct Authority (FCA) in the United Kingdom.
These regulators protect investors by providing negative balance protection and guaranteed funds in the event of a broker’s bankruptcy. Trading with registered brokers provides increased security, transparency, and market integrity.
Digital Pro Trade is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Digital Pro Trade can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Digital Pro Trade?
All the evidence suggests that Digital Pro Trade might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
