Digital Currency Market Review

Digital Currency Market

Details

Broker Digital Currency Market
Website URL https://digitalcurrencymarket.io/
Founded 1994
Headquarters Cnr Old and Church Street, P.O. Box 2290, Roseau, Commonwealth of Dominica
Support Number 31203699551
Support Types Email , Phone
Languages English , Deutsch
Trading Platform MetaTrader 4, Web Trader, mobile apps
Minimum 1st Deposit 250
Minimum Account Size 250
Leverage Flexible Leverage
Spread Fixed/Variable
Free Demo Account No
Account Types Basic , Bronze , Silver , Gold , Platinum , Diamond , Black
Deposit Methods Credit/Debit card , Wire transfer, Crypto currency
Withdrawal Methods Credit/Debit card , Wire transfer, Crypto currency
Number of Assets 200+
Types of Assets Forex, Commodities, Crypto, Indices, Metals, Stocks, and Others
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 90

Pros

  • Seven different trading accounts
  • Savings account and joint accounts
  • Over 20 years of experience
  • Mobile trading available
  • More than 200 tradable financial assets

Cons

  • No live chat function
  • Services available only in English and German
  • Inactivity fee might apply after 90 days

Digital Currency Market logo

 

With over two decades of experience, this broker offers over 200 assets, granting clients many investing and trading choices, with spreads that start at zero pips. 

 

Digital Currency Market offers popular indices such as NIFTY, BTC.D, VIX and XU100. You can also trade commodities or stocks such as Apple, Tesla, Amazon and more. Cryptocurrencies are also part of the offer, the most sought after today being BTC/USD, LTC/USD, and BNB/USDT. Furthermore, in case you are interested in forex trading, with Digital Currency Market you can access both major and minor pairs – AUD/NZD, EUR/USD, GBP/JPY, to name just a few.  

 


Performance chart on DCM’s website

 

Trading Platforms

Digital Currency Market traders can trade on the MetaTrader 4 (MT4) platform, which can be opened from any browser or downloaded to any mobile or desktop device. It is compatible with Windows, MacOS and Linux. Through this platform, traders can access a variety of trading techniques and orders. You can also watch your personal history of trading orders at all times.

 

A Web Trader platform is also an option on this broker. Its advantage is that you do not need to download it, making trading directly from your browser fast and efficient. 

 

Account Types

Forex trading with Digital Currency Market is recommended by veteran traders with the company, mainly due to the many and diverse options offered to all kinds of investors. The broker works with both corporate clients and retail traders, and that is why it offers a large number of different accounts. 

Trading Accounts

Digital Currency Market has seven trading accounts on its array: Basic, Bronze, Silver, Gold, Platinum, Diamond and Black. They differ regarding access to assets, number of trading and educational sessions with a senior analyst, VIP signals, and other services granted.

 

Accounts with a more elevated financial reach are allowed higher leverages on all assets, financial advisor services and inquiries, and minimal spreads on all assets. 

Saving Accounts

The cherry on top is the hedge fund savings account offered, where traders can have a joint account, thereby uniting forces with other traders they consider trustworthy. There are four other savings accounts available: crypto savings, a dedicated portfolio, a diversified portfolio, and a personal bank account (where a senior analyst is at your side to help you with your financial needs). 

 


DCM’s sign up page

 

Trading Conditions

For any deals that are executed in the MT4, the company sends margin calls when the margin level is below 50%. If it happens to fall below 20%, Digital Currency Market close your deals automatically as a precaution. Clients also have the option of activating the Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit and Sell Stop Limits mechanisms – all designed to ensure client profit and explained thoroughly on the company’s website. 

Customer Support

If you have any questions or find yourself needing customer support, you can communicate with the broker’s representatives in either English or German. You can contact the company via phone or email, as you choose. There is no live chat available at the moment.

 

Although they do not have an educational section, all relevant information can be found in the FAQ sections on the webpage. Answers to general questions, as well as specific questions about forex and trading, are provided.

 

Digital Currency Market is transparent with their terms and conditions, which can all be accessed easily on their webpage. 

Summary

Based on all that we’ve stated here, Digital Currency Market is a reliable broker for those interested in trading, and more than 200 assets offered are proof of that. The trading platforms are easy to use and include all of the features which are core in today’s trading environment, such as graphical objects for technical analysis, trading indicators, and timeframes. 

 

Whether experienced or beginner, traders will probably benefit from the company’s management policy. The fact that over twelve different accounts are offered is also a great advantage. The bottom line is that we see a trustworthy brand in Digital Currency Market. 

 

 

 

 

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