Digital Edge Capital is a forex broker officially registered on January 12, 2024, primarily offering investors financial trading services in forex, indices, metals, cryptocurrencies, stocks, etc. The location of its headquarters is unknown. This broker does not provide services in jurisdictions where it might contravene local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the Digital Edge Capital website indicates that its business entity registered in Saint Lucia is Digital Edge Capital FX Limited, with the registered address at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia PO Box 838, Castries, Saint Lucia, but the company registration number is not disclosed. Moreover, the broker's website claims that Digital Edge Capital FX Limited is regulated by the Union of Comoros Financial Services Authority, holding an international brokerage and clearinghouse license, with the license number L15610 / PFX.
However, verification shows that the Saint Lucia International Business Companies and International Trust Registry (ifc) has no record of a registered business named Digital Edge Capital FX Limited. The Anjouan Offshore Finance Authority (AOFA) also has no record of an enterprise named Digital Edge Capital FX Limited, with the license number L15610 / PFX. Furthermore, the claimed license number L15610 / PFX matches with those of two other brokers, "Phoenix FX Ltd" and "AI Trade Capital".
Account Opening:
During the actual account opening process, clicking "Sign Up" on the broker's website results in a server error message, preventing access to the normal account opening page.
Types of Accounts:
Digital Edge Capital offers three types of real trading accounts for users: SUPER Account, ECN Account, MAX Account.
SUPER Account:
- Minimum initial deposit: $100
- Maximum trading leverage: 1:500
- Trading commission: $0
- Spread: Fixed at 1.5 pips
- Expert Advisors: None
ECN Account:
- Minimum initial deposit: $100
- Maximum trading leverage: 1:500
- Trading commission: $10 per lot
- Spread: Raw spread
- Expert Advisors: Yes
MAX Account:
- Minimum initial deposit: $100
- Maximum trading leverage: 1:500
- Trading commission: $0
- Spread: Fixed at 2.5 pips
- Expert Advisors: Yes
Trading Platform:
Digital Edge Capital's website claims to offer the MT5 trading platform, but there is no download link provided. Moreover, verification shows that the broker is not listed on the MT5 platform.
Deposits and Withdrawals:
Digital Edge Capital supports deposits and withdrawals through credit/debit cards and e-wallets.
Conclusion:
Traderknows reminds investors that Digital Edge Capital is a forex broker with unclear registration information and lacks effective regulation. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
