General Information |
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Broker Name: | Digital Equity |
Broker Type: | Forex |
Country: | Republic of the Marshall Islands |
Operating since year: | 2020 |
Regulation: | - |
Address: | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands |
Broker status: | Active |
Customer Service | |
Phone: | +441507243012 |
Email: | [email protected] |
Languages: | English |
Availability: | 24/5 |
Trading | |
Trading platforms: | MT4, WebTrader, MobileTrader |
Trading platform Time zone: | GMT+2 |
Demo account: | No |
Mobile trading: | Yes |
Web-based trading: | Yes |
Bonuses: | Yes |
Other trading instruments: | Currency, CFDs, Stocks, Commodities, Cryptocurrency |
Account | |
Minimum deposit ($): | $250 |
Maximal leverage: | 1:300 |
Spread: | Variable |
Scalping allowed: | Yes |
Digital Equity Review 2020
REVIEW CONTENT
- GENERAL INFORMATION
- FUNDS TRADING AND SECURITY
- TRADING ACCOUNTS
- THE TRADING CONDITIONS
- TRADING PLATFORM
- DIGITAL EQUITY’S TRADING PRODUCTS
- CUSTOMER SERVICE
- CONCLUSION
Broker Review: Digital Equity
General Information
Digital Equity is a broker that started working recently, around the beginning of this year. BI-GLOBAL WORLD LTD., a finance digital solution company, operates the firm. Their offices are located in the Republic of the Marshall Islands. The exact address is Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro.
The lasting pandemic has left a lot of people home-bound or with an excess of free time. As such, many have decided to try their hand at online trading as a means of staying productive. That means that the need for reliable brokers that provide a quality experience to their customers is exceptionally high.
Digital Equity is one of the recently-founded brokers that precisely pursued that. As soon as you enter the service’s website, you notice that it was crafted to both give out a professional atmosphere and remain fully functional. Further, as you scroll down, you’ll see some promotional images, but the most crucial info is organized under the drop-down menus near the top.
However, no matter how well a broker presents its service, it’s all for nothing if the quality doesn’t hold up. After all, coming up with a clever design is much simpler than crafting an entire brokerage. Digital Equity, luckily, handled both of those tasks amazingly. Thus, here’s a list of some of the broker’s most attractive features:
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VARIETY
When people think about variety in trading, they often view it as something that makes your experience more exciting. And if you focus on the aspect of it making trading less tedious, it’s easy to mistake it for a luxury feature. However, variety is also quite important in the practical sense, as a greater pool of choices lets you improve the quality of each decision you make. Digital Equity brings that variety, with loads of assets and trading accounts to choose from.
NO HIDDEN FEES AT DIGITAL EQUITY
Many brokers inflate the price of their service by adding fees to withdrawals, deposits, or trades. If the company is a bit more malicious, they’ll disguise these extra charges in hopes of traders not noticing them. Of course, all of those practices present a quick way towards monetary gain at the expense of a fair experience for customers. Needless to say, brokers that prefer earning a quick buck over providing a quality service aren’t worth your time. Meanwhile, Digital Equity has no added charges. Therefore, meaning you’ll be able to trade exactly the amount you invest.
Funds Trading and Security
The security at Digital Equity is quite serviceable, especially for a broker that’s still relatively new. Their reputation remains pristine, without any users complaining about malicious practices. On top of that, they have some extra measures to prevent clients from doing too much damage to themselves. For example, users’ earnings must exceed a certain value if they wish to open an account with Digital Equity.
There are also limitations that serve to prevent illegalities, such as money laundering. Namely, only the person that deposited money into an account can withdraw it. Naturally, that doesn’t mean there are any limitations on how much you can deposit or withdraw.
Trading Accounts at Digital Equity
Earlier in our Digital Equity review, we mentioned that the account variety is outstanding. Namely, there are four live accounts that you can pick from, each named after a precious metal. The cheapest account, bronze, will set you back $250, which is the amount most competitive brokerages will ask for. In fact, the bronze account provides excellent specifications for its cost, only slightly lagging behind the other three.
The great thing about the different account types at Digital Equity is that they aren’t some sort of massive upgrade. Often, brokers intentionally weaken their cheaper accounts to nudge users towards investing more straight away. As a result, we consider that a malicious tactic. Therefore, we vastly prefer the way Digital Equity organized things.
When accounts are more or less equalized, budget traders don’t need to feel bad about their monetary restrictions. On top of that, getting new accounts feels like a luxury rather than a necessity. Lastly, users can often achieve higher account levels just by staying loyal to the company. Over time, their investments accumulate and tip them over onto the next level.
Another thing that stands out when you view their account info is that everyone gets a personal account manager. Even better, you only need to reach a Silver account to get the help of expert financial advisors. Such services can be quite costly with other brokers, so providing them an affordable price speaks volumes about Digital Equity. To sum up, here are some more details about the different account types:
· BRONZE
Minimum deposit: $250
Spreads: From 2.8 pips
Execution, STP, Market, No requotes
Leverage: 1:300
Trade size: from 0.01 up to 50 lots
Amount of open positions: Unlimited
Personal account manager: Yes
Expert Advisors: No
· SILVER
Minimum deposit: $2000
Spreads: From 2.5 pips
Execution, STP, Market, No requotes
Leverage: 1:300
Trade size: from 0.01 up to 50 lots
Amount of open positions: Unlimited
Personal account manager: Yes
Expert Advisors: Yes
· GOLD
Minimum deposit: $10000
Spreads: From 1.5 pips
Execution, STP, Market, No requotes
Leverage: 1:300
Trade size: from 0.01 up to 50 lots
Amount of open positions: Unlimited
Personal account manager: Yes
Expert Advisors: Yes
· PLATINUM
Minimum deposit: $50000
Spreads: From 0.1 pips
Execution, STP, Market, No requotes
Leverage: 1:300
Trade size: from 0.01 up to 50 lots
Amount of open positions: Unlimited
Personal account manager: Yes
Expert Advisors: Yes
Trading Conditions
As you’ve probably gathered from our Digital Equity review so far, the trading conditions are quite competitive. Starting from the main factors, the leverage is at a solid 1:300, while the spreads get nearly non-existent as you reach the higher account levels. The executions are near-instant, meaning you’ll get a fair trading experience. The account manager and financial experts are there to provide further assistance, making it easier to come out ahead.
As we already mentioned, there are brakes in place so that certain traders can’t have too much of a negative impact on themselves. The variety of account types and assets also adds a lot to the overall experience, as we already mentioned before. The company also included Islamic accounts, meaning more traders can enjoy what they provide.
The deposit and withdrawal methods are plentiful, meaning you’re likely to be able to use your payment method of choice. Additionally, the payment process occurs quickly on the broker’s end, minimizing the time you spend waiting around. Neither the deposits nor withdrawals are capped, so you won’t need to go through the trouble of making multiple payments. Meanwhile, there are no added charges either. Thus, ensuring that your financial wins and losses depend solely on your skills as a trader.
Trading Platform
Earlier in our Digital Equity review, we mentioned that the firm was relatively new. It’s a trend for modern brokers to try and develop proprietary software, which often ends up as a flawed alternative to more standard options. Luckily, Digital Equity went with the standard choice in MetaTrader4. MT4 has been the industry’s go-to platform for quite a while now, and for good reason.
The software can cater both to novices and veterans without leaning too hard on either side. The intuitive UI and ease of use lower the finance world’s already formidable entry barrier. It lets newer traders grasp what’s going on and what they need to do nearly instinctively. On the other hand, the software’s vast set of analytical tools helps those with more experience in predicting how the market will fluctuate.
Lastly, two major convenience options allow for more mobility while trading. The first is the web trader, enabling you to turn any desktop browser into a trading platform without delay. All you need to do is log in with your credentials, and you can trade without the loss of any functions. The second tool is the mobile trader, which also lets you buy and sell by simply using your phone after you download the app.
Digital Equity’s Trading Products
Digital-Equity offers a wide selection of tradable assets spanning multiple categories. Traders are quite likely to find the instrument they prefer trading on and have a good variety of secondary assets to choose from if they decide to diversify. There’s also a description for each trading product class, which can help newer traders choose what they want to go with. The categories you can pick from are:
- Currency Pairs
- Indices
- Metals
- Energies
- Futures
- Shares
Customer Service
Digital Equity’s support team follows the usual structure you’ve come to expect from brokers. You can get help 24 hours on workdays, while the customer service team takes weekends off. You can reach them via email, a phone line, or through a form, that you can fill out on Digital Equity’s website. The form is functionally very similar to an email, so the response times shouldn’t differ much.
Phone number: +441507243012
Email: [email protected]
Digital Equity Review: Conclusion
The status of Digital Equity as a new broker shouldn’t fool you, as the firm is there to compete with the best. The firm was meticulous when crafting the service they’d provide to customers. It’s apparent that it isn’t in the group of brokers looking for a quick profit, but is rather interested in gaining a loyal base of traders by catering to their needs.
The broker has everything you’d ask for in a long-term trading hub. The conditions are excellent and allow for skilled traders to shine. On top of that, there are luxury features set in place, so your loyalty as a customer won’t go unnoticed. We’d recommend everyone, regardless of experience or skill level, to try out Digital Equity, as the broker is great as-is and only promises further growth.
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Platform
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Trading Instrument
Reliable broker
Decent trading broker and has good services. Reliable and effective.
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Excellent services
Excellent services for forex trading. Tools are also awesome.
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Good customer service
Good customer service. They are friendly and nice. Best of all, they treat all concerns with high importance and resolve them urgently.
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Good performance
Very keen on details and careful on trades. Good overall performance.
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Excellent broker signals
Excellent trading signals and easy withdrawals. I am confident trading with them and recommend them high enough.
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Commit to excellence
Commit to excellence. They always go beyond expectations. Performs very well and have provided great trading results.
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Good trading services
Thumbs up for this trading brokers. Signals are reliable and services are good.
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Great service and transactions
Customer service is friendly and prompt. Process and transactions are smooth and fast that incliudes withdrawals.
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Dedicated forex broker
Very dedicted in doing thorough market research. I always get good trading advise from them.
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Good broker services
Overall good experience. I was able to gain good profit out of the signals and I never had any issues with their withdrawals and other processes.
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Perfect forex trading environment
Perfect forex trading environment. Tools are good and signals are worthwile.
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Highly recommended
Highly recommended brokers. They have so accurate trading signals and smooth withdrawal process.
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Outstanding broker
Oustanding broker services. They outperform most of the big broker company.
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Good broker
I gain good profit and I am satisfied with all of their services. Proven and tested, a good forex broker
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Great customer service
The best customer service, they are willing to help me anytime. Very resourceful and efficient.
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