Digital Currency Market – 2021 Broker Review

Expert Viewpoint on Digital Currency Market

Retail traders and corporate clients have benefited from the financial opportunities Digital Currency Market has to offer for two decades. This broker is owned and operated by Softonic Ltd., registered under the regulations of the Commonwealth of Dominica (registration number 2020/IBC00049). 

It is considered safe to trade crypto and other assets with DCM, not only because it is a registered broker, but also due to the available risk management tools. You can trade forex, cryptocurrencies, stocks, indices, and other assets. The cryptos included are some of the most popular pairs: BTC/USD, AST/USD, BNB/USTD, LTC/USD, XRP/USTD, LINK/BTC, and more. 

Customer support representatives respond to phones and emails between 9:00 and 18:00 (ETC) during business days. They provide support in English and German, with two separate designated phone numbers.

History

Digital Currency Market was founded in 1994 for corporate clients, and grants services to retail traders as well since 2016. The broker works with clients from around the world, providing services in more than 160 countries. 

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Unique Features by Digital Currency Market

• Hedging – As part of DCM’s policy of encouraging a wide variety of trading techniques, hedging is enabled. There is an administration fee of 0.1% of the sum of the deal and the hedge. 

• Social Trading – Traders can follow other traders’ actions, interact with each other and adopt strategies of experts. 

• AutoChartist – This tool is efficient yet more automated. With AutoChartist, traders can follow thousands of stocks simultaneously and receive hourly or daily updates regarding market changes. 

• Signals – This feature takes the advantages of Social Trading and AutoChartist and combines them. Traders get fully automated information from an algorithm, along with expert trader insight.

Trading Platforms Available with Digital Currency Market

Digital Currency Market’s proprietary platform is designed to innovate, enabling trade on the go with its mobile and tablet apps. You can also download it to your desktop to trade live. Its complex algorithms allow it to be easy to use and fast. 

MetaTrader 4 is one of the most esteemed platforms for traders. It has been around since 2005, offering incredible features and execution modes. It is intuitive and grants access to data history of different assets. 

Traders can download the WebTrader to their desktop. It has several instruments and supports personalized technical analysis charts. 

Digital Currency Market Deposits and Withdrawals

Digital Currency Market offers the same deposit and withdrawal methods: credit card, debit card, wire bank transfer, and e-payment. Before trading, traders need to deposit a minimum of $250 to their accounts. 

For withdrawal, the minimum is only $50, although this figure varies according to the method you use. Digital Currency Market’s website specifies a fixed commission of $30 per withdrawal in the ‘terms and conditions’ section. 

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Digital Currency Market Account Types

Depending on your budget, you can choose from seven accounts: Basic, Bronze, Silver, Gold, Platinum, Diamond, and Black. The minimum funding for the Basic account is $250, and for the Black is $50,000. Each of these has different benefits, such as free withdrawals, VIP signals and minimal spreads on over 200 assets.

Savings Accounts

Another great advantage when working with this broker is that they offer savings accounts. There are five different kinds. You can open a joint account or even work hand-in-hand with a senior analyst.

However, it is necessary to note that there is a fixed inactivity fee that is automatically deducted from your account, if it is idle for a period of at least three months. 

Conclusion

It is our conclusion that Digital Currency Market has managed to base itself as a transparent and experienced broker. With almost 30 years of experience, these great features and trading offers fail to disappoint. More information can easily be found on the company’s website.