Digital Investiocoin Group - scam! Forex Broker review
By The Forex Review - 27 / March / 22 535
Dominick Bell
The online broker Digital Investiocoin Group, which operates in Britain, is considered a scammer with an unclean reputation.
If we get to the official website of the Digital Investiocoin Group - digitalinvestio-fx.online, we will find that this organization provides Forex trading services in England. In addition, Digital Investiocoin Group provides programs for financial activities.
Our specialists looked at the Digital Investiocoin Group website, got acquainted with the terms of operations, tried to get at least test access to the services, looked at the existence of official documents, the place of registration of the organization.
With the help of the received data, we will find out: Is Digital Investiocoin Group a scam or not?
In addition, we will explain to you how not to get into the networks of criminals, about their operation algorithms. We will give you the information you need to keep your money safe.
Digital Investiocoin Group is located in an offshore region
The first sign that digitalinvestio-fx.online is bandits is the state of registration. The company is officially registered in the Marshall Islands, which is already doubtful, since digitalinvestio-fx.online operates in the UK. Offshore states attract the attention of criminals due to the lack of laws and oversight.
In addition, this region does not have the authority to trade on Forex.
In addition, when our employees tried to identify the legal address, information about the owners and directors of digitalinvestio-fx.online, they could not find anything.
This hints that digitalinvestio-fx.online is a shadow broker, interaction with which can result in serious financial losses.
No director data found digitalinvestio-fx.online
After examining the site, our employees could not find reliable information about the organizers of the organization Digital Investiocoin Group. No addresses, no phone numbers or other ways to get in touch.
Most likely, this means that the actual leaders are trying to hide information about themselves in order to elude the answer for crimes. Even if one of the managers of the Digital Investiocoin Group manages to be exposed, then everything will end there, and the actual leaders of the shadow company will remain at large with money.
Digital Investiocoin Group, website - digitalinvestio-fx.online, is less than thirty days old
The digitalinvestio-fx.online website talks about significant experience in the Forex financial market.
The most common method of checking a website is to obtain data about its domain. As a rule, they indicate the age of existence of the domain name, data for the connection of its owner.
In a specific case, the domain name digitalinvestio-fx.online works for less than thirty days, and all information about the legal entity that owns it is hidden. Another proof that the owners of the Digital Investiocoin Group are trying to protect their incognito.
This desire can be understood, but not when it comes to a company that works as an intermediary between the user and the Forex market.
At the same time, digitalinvestio-fx.online themselves assure their potential users that they have been successfully operating in Forex for quite a long time.
Digitalinvestio-fx.online does not have a demo period
It is a normal practice for Internet brokers to give their clients a demo version of their programs so that they can get acquainted with the interface, try out the possibilities in operations on the Forex market with fake currencies.
Unfortunately, on the official website digitalinvestio-fx.online, we could not find any mention of a demo period, the ability to test the software.
Probably the leadership of the Digital Investiocoin Group organization is simply not going to give customers demo access to a paid service, as someone may begin to suspect fraud.
Internet broker Digital Investiocoin Group operates with a negative balance
Registered companies that operate in the Forex financial market do not use a negative balance in their work. In accordance with the laws, the user of an Internet broker is not able to spend more now is on his balance. In cases where the balance still goes into a negative value, its debts must be repaid not by the trader, but by the company that provided the services.
In accordance with this, official online brokers do not use a negative account in their activities.
And yet, Digital Investiocoin Group gives users Forex operations with a negative account, that is, on credit.
What is it for?
In order to drive the user on credit and start demanding that he pay off the debt. This is one of the most common methods of deception used by criminals.
If this happened, you need to know that scammers do not have the opportunity to knock out finances under British law. Any methods of pressure on you are criminal. The maximum that bandits are capable of is calling, sending letters with demands.
It is impossible to work with digitalinvestio-fx.online, since all agreements will turn into new losses.
Digitalinvestio-fx.online work with a credit ratio of 1 to four hundred or more
Already now, it is clear that Digital Investiocoin Group are criminals. And yet, let's point out one fact, namely the presence of too high a credit ratio.
Leverage is the ratio of funds of clients and online brokers when making a trading operation. It makes it possible to carry out significant transactions for traders who do not have the appropriate finances with them.
In order to protect Forex clients, in developed countries, the current legislation provides for the use of leverage with a maximum ratio of one to 30, in exceptional cases 50.
At the same time, Digital Investiocoin Group applies a leverage of one to 400 for trading in the Forex market.
This attitude is allowed in Switzerland, as organizations registered in this country are highly trusted. However, Digital Investiocoin Group is not registered in this country.
In fact, Digital Investiocoin Group has no right to work in the Forex market with such leverage, due to the high risk for clients. Actually, this is used solely to force the user not only to transfer as much of their finances as possible, but also to drag them into loans.
Regional divisions of Digital Investiocoin Group
It is considered prestigious for an organization to have local branches in civilized states, even if the activity takes place only in the UK. Therefore, Digital Investiocoin Group says that in addition to an impressive number of awards, there are regional offices in Britain, Australia and other developed regions, as well as thousands of experienced professionals.
It is very easy to check the reality of these offices. Since specialized structures are known that control the activities of brokers. In the UK it's FCA, in Australia it's ASIC.
Because of this, a legal company must have permits from these or other organizations that will prove their authorized right to provide services for making money on the Forex market, determine the level of responsibility.
And yet, after analyzing specialized sites, our employees could not find them. This once again reinforces the fears.
Registration on digitalinvestio-fx.online requires the transfer of personal data
As we mentioned earlier, Digital Investiocoin Group does not have a demo period and because of this, in order to gain access, you must immediately pay the minimum deposit to Digital Investiocoin Group scammers. In addition, access to the digitalinvestio-fx.online personal account is possible only upon successful completion of identity verification.
This means that the Digital Investiocoin Group requires users to provide information such as:
- Information about an individual;
- Information about permanent place of residence (receipt for utilities);
- Data about the place of work, qualifications, experience.
Also, during the first transfer, fraudsters can get access to bank card data.
Combined, this information may allow the scammers to smuggle a loan on a deceived user, or perform other shady activities.
Since for registration on the digitalinvestio-fx.online website, you need to transfer personal information, our employees did not get access to the Digital Investiocoin Group personal account, as well as programs for trading in the Forex market.
Real reviews about Digital Investiocoin Group
A very important point of exposing the Digital Investiocoin Group is the study of customer reviews.
A detailed analysis of the results in search engines allowed us to obtain the following data:
- Most of the mentions and reviews of Digital Investiocoin Group on the Internet are lies. These are template positive reviews of a paid nature;
- All true reviews and references to Digital Investiocoin Group are negative. Our employees could not find reviews from former users of digitalinvestio-fx.online that mention income, performance.
- Bad reviews and mentions are caused by illegal activities, stealing deposits, creating debt.
Therefore, real reviews about Digital Investiocoin Group say that this online broker is a scammer.
Contact information and official papers Digital Investiocoin Group
Analyzing mentions on digitalinvestio-fx.online, our experts have identified many dubious digital papers that can be easily made using a graphics editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not associated with regulatory organizations, then its users simply have nowhere to turn for help.
On the "Contacts" page, our employees found a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the network about fraudulent activities associated with the phone number indicated on digitalinvestio-fx.online.
Withdrawing money from digitalinvestio-fx.online
Are you going to make money with the help of an online Forex broker? Make sure you can take money from him.
Studying the user agreement on the Digital Investiocoin Group website, we did not find any information available about the ways to withdraw the money earned. In addition, our experts saw a description of punishments for long-term inactivity of a personal account, but did not find information about the amounts. Since criminals do not work in the legal field, these fines cannot be challenged.
That is, if a trader has ended cooperation with Digital Investiocoin Group, they can call and write letters demanding to pay a fine.
How does the Digital Investiocoin Group operate?
The method of finding clients that Digital Investiocoin Group uses is also alarming.
For promotion, fake social media accounts are used, in which fake users spread information about how they instantly managed to get rich working on Forex through the Digital Investiocoin Group. Fakes show expensive cars and houses, trips to resorts and other manifestations of a prosperous life.
Fakes promise instant profit growth that does not require learning or a lot of effort.
If a potential trader comes into contact with scammers, Digital Investiocoin Group employees talk about the possibility of instant earnings, as well as some unique abilities of their software that allow you to instantly earn a solid profit.
Further, all sorts of tricks are used, making it possible to get as much finance from the user as possible. For example, fake profits can be created for a client to inspire them to transfer more funds.
When the work on Forex turns out to be negative, the personal manager will recommend transferring more in order to close the negative.
Managers of the Digital Investiocoin Group operate according to algorithms that are created by qualified manipulators. They study information about the client in order to influence vulnerabilities, get more investment.
In any case, everything will lead to one of the options:
- If you are going to withdraw the investment before you are in the red, you will be charged fees, banned from using the balance, and will do everything to force you to transfer more;
- When you allow criminals to drive the balance into debt, threats will begin, scammers will extort to pay off the false debt.
An additional way to make a profit for the Digital Investiocoin Group can be the sale of your confidential information to interested organizations. Probably, after that, it is possible to buy detailed information about you for a moderate amount of money on an anonymous Telegram channel on the shadow Internet.
Surely, because of this, various scammers, sales managers, etc. will start calling you. It is also worth waiting for calls from Digital Investiocoin Group accomplices, who will offer to “receive” lost finances, of course, for a reward.
Since the Digital Investiocoin Group does not operate in the legal field and keeps incognito, digitalinvestio-fx.online cannot be forced to respond under the current legislation in Britain. The heads of the criminal firm are carefully hiding and, at best, law enforcement agencies will be able to arrest one of the "managers".
Should I trust Digital Investiocoin Group?
Not!
If you plan to give money to scammers, then spend it on charity.
In short, we will voice the evidence indicating that the Digital Investiocoin Group are criminals:
- Lack of official registration;
- No demo period;
- No information about the owners of the company;
- Phone number found in illegal transactions;
- Negative balance;
- Credit ratio greater than one to 50;
- Negative reviews;
- False information on the website.
Full review of Digital Investiocoin Group - completed. It is clear that Digital Investiocoin Group are scammers.
For your safety, we have compiled a blacklist of brokers.
