Digital Currency Group is a foreign exchange broker whose official website domain was registered on December 21, 2023. It mainly provides investors with trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETF contracts for difference. This broker does not provide services to jurisdictions that may violate local laws or regulations.
Business Registration Information and Regulatory Status:
Public information on the Digital Currency Group official website reveals that the broker has multiple business entities under its umbrella, regulated by multiple regulatory authorities. Among them, Digital Currency Group Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with the license number 1780019. Digital Currency Group (registration number HRB11677B) is registered as a designated agent with the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, this broker has been authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer and regulated by it since October 2, 2017, with the license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with the license number SD0175.
According to verification of the public information on its official website, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Seychelles Financial Services Authority (FSA) have not found any regulatory registration information for this broker.
Opening an Account:
To open an account with Digital Currency Group, visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” in the upper right corner of the webpage to access the account registration page. Follow the instructions to fill in personal information such as name and email address, set a login password, and submit. After submitting the application, the account will be successfully registered.
Account Types:
Digital Currency Group offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, its official website does not disclose information related to spreads, trading leverage, margin call/stop out levels, contract sizes, trading commissions, minimum/maximum trading volume, maximum number of positions/orders, and minimum price precision.
Trading Platform:
Digital Currency Group offers a proprietary trading platform for its users.
Deposits and Withdrawals:
Digital Currency Group supports deposits and withdrawals through local banks, electronic wallets, or cryptocurrencies.
Conclusion:
Traderknows reminds investors that Digital Currency Group is a scam platform providing false regulatory information, with its website design and content identical to those of brokers such as Sterling Asset, FS Main, Venus Mining, Upfront Fx Trade, Safe Invest Trades, and Reliable FX Trades. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
