DigitalStock is a forex broker officially registered on June 29, 2023. The broker primarily offers users a vast selection of trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, and futures.
Company Registration Information and Regulatory Status:
Public information on DigitalStock's official website reveals that the broker comprises multiple corporate entities, regulated by various regulatory bodies.
The broker claims its entity registered in the United States is PrimeBlockchain Ltd, with a registration number of 8413850-2. This entity is authorized and regulated by the “Financial Services Authority of the United States” with a license number of PD01591.
DigitalStock's corporate entity registered in Australia is International Capital Markets Pty Ltd, with a registration number of 136 249 209, authorized and regulated by the Australian Securities and Investments Commission (ASIC), with a license number of 239982.
In Cyprus, its registered corporate entity is PrimeBlockchain (EU) Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 493/16.
DigitalStock's entity registered in the Bahamas is PrimeBlockchain Ltd, with a registration number of 86824 C, authorized and regulated by the Bahamas Securities Commission (SCB), with a license number of SIA-F634. Additionally, the broker is also authorized and regulated by the Seychelles Financial Services Authority (FSA). Meanwhile, its website footer indicates that the website copyright belongs to Raw Trading Ltd.
Upon verification, there is no financial regulatory authority named “Financial Services Authority of the United States” in the USA. International Capital Markets Pty Ltd and Raw Trading Ltd are entities of the broker IC Markets, and ASIC's official website does not list an entity with a license number of 239982. Likewise, CySEC does not list an entity with a license number of 493/16, and SCB's SIA financial category does not show a registration with the number F634. Furthermore, the Seychelles Financial Services Authority (FSA) does not have a registered enterprise named PrimeBlockchain Global.
Moreover, besides its logo displaying the brand name “DigitalStock,” the content on its official website refers to itself as “PrimeBlockchain”. This suggests that the corporate registration and regulatory information displayed on DigitalStock's website is partly fabricated and partly usurped from other companies.
Opening an Account:
To open an account with DigitalStock: visit the broker's homepage, click “OPEN AN ACCOUNT” to go to the account registration page, fill in the personal registration information as required, and submit. Once submitted, the account is successfully registered.
Trading Accounts:
DigitalStock offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading platform: cTrader
- Trading commission (per lot): $3.0 (round turn $6.0)
- Spread: Starts from 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading strategies: All
- Order distance restriction: None
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $3.5 (round turn $7.0)
- Spread: Starts from 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading strategies: All
- Order distance restriction: None
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $0.0
- Spread: Starts from 0.6 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading strategies: All
- Order distance restriction: None
- Programming language: MQL4
Trading Platforms:
DigitalStock's official website claims to offer trading platforms such as MT4, MT5, and cTrader to its users, but does not provide related download links, and a broker named DigitalStock cannot be found on the respective platforms.
Deposits and Withdrawals:
DigitalStock supports deposits and withdrawals using credit/debit cards, electronic wallets, and more.
Conclusion:
Traderknows warns investors that DigitalStock is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulatory oversight, and good reputations for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
