Digital Exchange Limited Review: DGXLTD is the name of a Forex broker that claims to be located in 132 Lui Aier Street, Sofia, Bulgaria. Is this broker legit or an online scammer.
We noticed the rising number of complaints from traders who had fallen victim to this broker and were compelled to investigate on the nature of DGXLTD. Read our review to find out more.
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What is DGXLTD?
DGXLTD is owned by Securex Plus Solutions EOOD. Its domain name was registered on 16th of September 2019. Not much information on the background or owners of this brokerage is provided on the website. It is as if they are carefully trying to conceal their identities. This leads us to believe that DGXLTD is an anonymous online investment platform.
What DGXLTD Say They Offer?
dgxltd.com claims to offer over 1000 trade instruments, tools, currency pairs and CFDs on cryptocurrency, commodities,stocks and indices. They offer the MetaTader 4 trading platform, a leverage of 1:400, six different account types and many amazing bonuses.
DGXLTD Trading Platform
Contrary to DGXLTD’s claim to have MetaTrader 4 trading platfom, what they actually have is a custom-made trading platform which we believe has not been tested by experts. It lacks stability and compatibility.
DGXLTD Withdrawal and Deposit Methods/Fees
For both deposit and withdrawal, DGXLTD only accepts transactions through VISA , MasterCard, bank wire and BPay. Its minimum deposit amount is $250.
DGXLTD has a list of fees it charges its users. There is monthly maintenance fee of $50, profit clearance fee, dormant account administrative fee and 3,5% service fee charged on all withdrawals.
Unlike other legit brokers who take 24 hours to process withdrawal request, DGXLTD takes 7 business days.
Is DGXLTD Licensed?
This brokerage’s website does not provide any information or document with regards to licensing. Its name does not appear in the Bulgarian regulatory body (BFSC) register.
DGXLTD is neither regulated nor licensed.
To reach a customer representative of the brokerage:
Phone: +442037695928; +442037696044; +390240042166.
Conclusion on DGXLTD
We do not advise traders to invest with this broker.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
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