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Digital Trading FX sounds like a revolutionary trading company. The company will have you believe it’s the best. However, the location of the platform itself is a big red flag. Additionally, the entity continues to collect money from the public illegally.

We can bet all our money that this broker will soon collapse. Schemes like this one don’t survive long in the market. Moreover, reports are showing this is a scam. The venture is also cold-calling investors making all sorts of promises.

Digital Trading FX Review, Digital Trading FX Company

The platform is trading digital currencies and promising high ROI. The entity brags it provides expert services and instant support. You should never take the world of an offshore broker seriously. Digital Trading FX is operating from an unknown god-forsaken place.

The library of the broker allegedly has all the resources that investors may require to become experts. Unfortunately, you have to sign up first. We cannot attest that the material possesses high-quality data. Nonetheless, it is a great thing the entity is trying to help investors.

The entity has SSL encryption. The document does not prove your safety is taken care of. The people behind this company are the ones you should be scared of. Moreover, make sure to deal with a broker that has a license to get top-notch security.

The Domain Insight

Digitaltradingfx.com is a company that has been in the market for less than a year. Its registration occurred in September 2020. The information of the registrar is inaccessible to the public. Despite having a young domain, the venture features baffling statistics.

The entity claims it has over 71K active accounts. It also brags meeting a trading volume of over $720K every month. It pays investors over $316 per month. Investment is all about numbers, and we cannot believe in narratives.

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Their fun facts are unverified. Digital Trading FX should instead present its performance report. A reputable third party should verify the data. Additionally, we would love to see payout reports. Until the company, shows prove kindly stay away from them.

About Digitaltradingfx.com

Digital Trading FX claims its mine cryptos. They diversify in mining several currencies. Therefore, the venture attains a stable cash flow. The payouts are sent to investors every day. However, we are yet to see a successful client who has earned using the firm.

Additionally, the broker is allegedly utilizing an efficient trading strategy and bots to trade. They make the best decision in the market. The company conducts weekly webinars. It’s good to see they are dedicated to the betterment of their customers.

Once you refer someone to Digital Trading FX, you stand a chance of receiving a high bonus. The platform has a three-tier compensation scheme. The broker features the latest withdrawals it has processed. Sadly, this being an offshore venture, it’s prone to manipulating data.

Additionally, anyone with basic computer skills can design such a table. It would be better if their clients displayed their earnings. Since the entity is bogus, that is too much to ask from them. We suggest that you try out legit crypto companies that are trading and paying. These platforms are reputable and treat their customers ethically.

Who is The Founder of Digital Trading FX?

The firm does not disclose the people supervising its activity. According to their website, they claim ‘meet our CEO’ but then again change their mind. The venture lacks transparency. The reason they are hiding is that they are involved in illegal services.

The legit platform will credit their team for their great work. This helps in boosting their credibility and winning over more customers. The law also requires an investment scheme to disclose its fund managers, financial analysts, and parent company.

Withdrawal and Deposits

Clients of Digital Trading FX can fund their accounts via Visa or MasterCard. The minimum amount that you can deposit is $620. There is nothing unique about this broker. Many legit ventures take $10 and offer better services.

Despite the scam claiming to accept bankcard only, we found that investors can deposit via BTC. There is no other alternative. Crypto payment revolutionizes the finance sector. Transactions are seamlessly made within seconds.

Digitaltradingfx.com Review, Digitaltradingfx.com Account Type

Furthermore, the fees are less compared to traditional methods. However, when it comes to investment Ponzi scheme accepts funds via digital currency to limit traders from issuing a chargeback. They can also conceal their identity.

Upon withdrawal, Digital Trading FX is charging $35. The inactivity period starts if you have not traded for the last 30 days. They take a fee of 5%. Percentage charges can drain the account of investors.

The venture is a shameless entity that is operating as it wants. Their fees show they don’t sympathize with customers. The entity is after stealing funds.  The offshore entity might also choose not to handle the withdrawal requests. Sadly, there is nothing to do but to count your losses and move on.

Regulation Status of Digital Trading FX

Digital Trading FX does not hold a license from any regulatory body in the market. The venture continues to operate without meeting the requirements of financial watchdogs. Agencies that the government assigns the authority to oversee the investment of brokers have played a major role in the safety of citizens.

A legit venture must meet a certain minimum capital. It proves they have enough funds and an outstanding financial stand. Moreover, there is a segregation of funds. An investment scheme must work with a Tier 1 bank to safe keep clients’ finds.

This eliminates the possibility of scammers misusing the money for personal use. Moreover, in the case of insolvency, brokers compensate their clients. You must deal with a licensed entity. The venture is from SVG.

The government of this Island does not oversee online trading activities. Therefore, the area has become a hot spot for all kinds of frauds. You need to trade wisely and avoid losing funds to nasty Ponzi schemes. Your money is at risk with Digital Trading FX.

Clients Testimonials

features its client’s testimonials in statement forms. They do not include names, images, or social media profiles. The Ponzi scheme might have left the information behind itself. The statements claim that this is the best scheme.

Investors can travel without having to work. The traders of this company are living the dream. The platform is being praised for having responsive support. Their advice is allegedly helpful, and investors can go back to trading after resolving their issues.

Newbies also report making high income. One client confuses the name of the broker and claims BinaryOnline is the best firm. The scam is working with other fraudulent ventures. The broker does not have quality tools.

If you decide to join Digital Trading FX based on the testimonials, the outcome you shall get will be completely different from what these people claim. We suggest you avoid anonymous schemes that cannot verify their claims.

Final Verdict

The company promises to generate daily ROI to investors. The least profit that one can earn is 40%. It goes up to 70%. The entity also offers bonuses. They are not based in the UK since the government of the area doesn’t allow such lucrative.

Additionally, the broker does not have a license. It is for your own good that you deal with reputable crypto entities that generate passive income to investors. These entities have proven to be reliable, and their high trust score speaks on their behalf.

What is the available trading software in Digital Trading FX?

The company doesn’t have a trading platform.

What is venture trading?

The company is involved with binary trading activities.

Does Digital Trading FX has a trading history.

Unfortunately, there is no evidence of investment services or products.

Is Digital Trading FX licensed?

The company lies based in the UK, but it does not have a regulatory form from the FCA.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Dogecoin Price Is Slashing Low, Will It Rebound In Coming Days?

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Dogecoin price with its multiple rallies of more than 100% in a day attracted many new investors and traders to the ecosystem. However, the price was shaken since the SNL snub and remained low-key until a fresh slump dragged the price below $0.2. So will the DOGE price still go to the Moon?

The cryptocurrency that began its journey as a joke or a meme, remained constant below one cent till the end of January 2021. Then something big happened, the DOGE price along with GameStop showcased an eye-catching rally. The value of DOGE shot up to 7.5 cents within a small time frame and slid down closer to 2 cents rapidly. 

The meme token, Elon Musk tweeted about continuously, reached an all-time high in mid-April. The market capitalization also spiked, securing its place within the top 3. However, the dip that followed squeezed more than $60 billion. Since then, the price rallied very occasionally and the cryptocurreny may require little more time to go to the moon.

Also Read: Dogecoin Price On Discount, Will The Bulls Jump In To Make Profit?

Dogecoin Price Analysis, What Is Awaited For The Currency Next!

The entire crypto space is trembling with the FUD probably due to some external factors which resulted in a serious drain. The Bitcoin prices were slashed along with most of the cryptocurrencies in the space. Dogecoin price too could not sustain the trembled situation and dipped profusely. 

DOGE price currently is attempting very hard to sustain above $0.2 which appears to be a very tough job to accomplish. Despite the decline, the price tried to pull a leg up in the early trading hours but failed. The dip was so harsh that the RSI levels in the hourly chart dipped below 10. However, a little recovery again raised these levels above 40. 

dogechart

The trading volume also jumped notably and impressively the buying volume uplifted the price from the monthly lows around $0.16. Currently, at the press time, the dogecoin price is $0.2021 with a drop of 21.16% in the past 24 hours. 

Currently, it is mandatory for the dogecoin price to sustain above $0.2 and head towards the resistance levels around $0.29. But if the dip continues, revisiting the lower support levels at $0.107 and later around $0.06 may be imminent. The indicators for the DOGE price point a sell signal, which is a little worrisome for the cryptocurrency right now.

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Review

Will Bitcoin Death Cross Pave Way for a Golden Cross

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Bitcoin plunged to a two-week low on Monday, falling as much as 11.4% to $31,735. The flagship crypto has been highly volatile, as it has dropped more than 20% in the last six days and is almost half the price of its April high of nearly $65,000.

The token’s price pattern on the charts has recently formed a death cross pattern. i.e, the crossing of BTC’s 50-day moving average below the 200-day moving average.

This infamous pattern has triggered a conversation amongst traders and analysts. While some consider it as a bearish indicator, some believe the prices will recover and surge higher than ever before.

Historically, Bitcoin’s formation of a death cross in March 2020 proved no hindrance to profits, as it rose two months later and formed a golden cross. However, a death cross in November 2019 resulted in the coin’s price falling a month later.

Popular analyst and trader Benjamin Cowen has weighed in on the death cross pattern. He believes that moving averages are lagging indicators that often tell us what we already know.

Cowen says Bitcoin will have lengthy bull cycles, and it is in for a long period of consolidation and range. The expert claims that he believes BTC Price will reach $100,000, but that it will take longer than most people think.

The analyst believes that now that the death cross is nearly complete, Bitcoin bulls can look forward to a probable “golden cross”.

“One nice thing about a death cross is that the next thing you can maybe look forward to is a future golden cross. Now, I don’t know how long it’ll take… We know that historically speaking, at least in recent years, it could take six months before we get above the 20-week [moving average] and then hold it as support.”

Not just Cowen, Popular analyst Plan B has also weighed in, He took to Twitter and pointed at the timelines of previous death crosses in Q4 2019 and Q1 2020 and what followed further.

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Review

If Bitcoin Price breaches this level, an Altcoin season will begin!

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Bitcoin always dominated the crypto markets and held the highest market share. Even at the beginning of 2021, Bitcoin owned a 71 % share of the crypto market, while altcoins (excluding those in top ten) had just 10%. But now the trend has changed. Since then, the percentage has steadily declined, with BTC’s dominance dropping to 40% in late May and altcoins rising to 23%.

Even the altcoins in the top ten have steadily increased their market share. The most notable one is Ethereum, which has continued to grow throughout the course of the year and currently owns over 17.3 %of the market. 

Is an Altcoin season due to begin?

The above-stated stats regarding dominance is vital to question and know if an altcoin season will kickstart soon. Now, there is a probability of an alt season, if Bitcoin makes a bullish rebound. This positive reversal would occur if and when the coin continues to surge and maybe breaks through resistance levels.

Popular Analyst Chico Crypto in his recent Youtube video said Bitcoin is following the Wyckoff accumulation pattern. If the price gets back to $50k, it will be a confirmation that the bulls are back and alt season will be back again.

According to him, the breach needed for the altseason to arrive is predicted to happen around July 10 based on the Wyckoff pattern that is now forming. This would be the year’s first altseason. 

Some cryptocurrencies have outperformed Bitcoin in terms of price growth and retail investor interest this year. Although the May crash halted their growth, an alt season will make up for it and even propel the tokens to new all-time highs.

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