DigiBits FX review summary
To begin with, Digibits is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold any valid license and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions. These small details will prevent you to become a victim of broker scams.
Is DigiBits FX a legit broker?
See how DigiBits FX is regulated and whether you should have any concerns using it.
DigiBits FX pros and cons
Pro
Cons
- Trading on the powerful MT4/MT5 trading platforms
- Cryptocurrency trading, accounts and funding
- STP/ECN executions in split seconds with minimal requotes
- Raw spreads from just 0.0 pips
- Lack of regulation
- Crypto account funding only
- No trading academy
- Limited stock trading assets
- No Islamic accounts
Fees
DigiBits FX has low forex and CFD trading fees and there are no deposit fees. On the other hand, withdrawal carries a charge.
Account opening
The account opening process at DigiBits FX is fully digital, user-friendly and fast. Our account was approved within a day. On the other hand, the minimum deposit is high for Prime Accounts.
Deposit and withdrawal
DigiBits FX deposit and withdrawal services are great. Several base currencies are available, there are numerous options for moving your money, and there is no deposit fee. However, the broker charges a fee on withdrawals.
Web trading platform
The web trading platform at DigiBits FX (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Mobile trading platform
DigiBits FX has a great mobile trading platform, provided by MetaTrader 4. It’s well-designed and user-friendly with good search functions, but lacks a more secure login.
Desktop trading platform
In design and functionality, DigiBits FX MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts.
Markets and products
At DigiBits FX , you can trade real stocks, forex and CFDs. In other words, popular asset classes like bonds or ETFs are not available.
Research
DigiBits FX has limited research tools. Clients will not find a quality news service and the range of analytic tools is limited. As a plus, clients have access to an economic calendar and market analyses.
