Have you been planning to trade on the Forex/CFD market with a reliable British company and finally found a promising option? Considering taking advantage of the attractive offers for traders published by the firm? Intrigued by the extensive experience of the professional traders who founded the company and the capabilities of its innovative trading platform? Forget it immediately. In this Sync Digital review, we will show that this is just an ordinary scam where you can lose all your invested money. Don’t believe us? Keep reading, and you’ll find some very compelling arguments.
Key Features
- Company Name: Sync Digital
- Website: https://sync-digital.net/
- Available Contacts: [email protected]; + 441217900135
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
The official website of Sync Digital might seem like a fully functional information resource of a CFD broker to some. Some users might even like its design, featuring numerous images and sliders on almost every page. However, all these pleasant impressions quickly fade once you pay closer attention to the content.
- The homepage does not introduce the company but serves as an advertisement. Moreover, most of the advantages mentioned are either fabricated or, at the very least, unverified by facts.
- The supposed benefits of trading CFDs on this platform include the ability to use leverage and open not only long but also short positions. Incredible, isn’t it? On a serious note, we’d love for the project creators to show us even one CFD broker that doesn’t offer these “advantages.”
- The list of documents regulating the company’s interactions with clients is remarkably sparse. The absence of KYC and AML policies, which are mandatory for British and European brokers, is immediately noticeable. Somehow, we suspect that Sync Digital’s operations might not be entirely legal.
- Users cannot register on their own. Any attempt to open the registration form ends with a 500 (Server Error). The support team will probably assist in creating an account and funding it. However, the fact that the company’s specialists haven’t fixed these issues throughout its existence seems, at the very least, suspicious.
Even on pages that seem useless, you can find quite intriguing information. For example, on the Services page, the promotional presentation of the Premium Service Package ends with a Q&A section titled Why Sync Digital? Here, the project creators confidently claim that the company is listed on the London Stock Exchange (LSE) and that its shares are part of the FTSE 250 index. Naturally, we checked the database for this index and… found no mention of Sync Digital LTD. Is it just us, or did someone try to boost their credibility by publishing false information?
In short, the broker has done everything possible to make visitors doubt the legality of its operations just by exploring its official website. As for us, we are entirely convinced that we are dealing with scammers and will continue to provide evidence of this.
Our Trading Experience With Sync Digital
The broker claims to offer traders one of the best terminals in the industry. Interestingly, they refer to the trading platform as EVO Trade. Searching online, we found software by the company TradersEvolution, a truly modern platform designed for brokers and banks operating across multiple markets and assets. However, EVO Trade is also the name of a broker that has been defunct for quite some time.
We couldn’t clarify what Sync Digital’s specialists meant by this. We were unable to register on our own, the provided support phone number didn’t work, and we never received a response to our email.
A demo account could have been helpful here, but the platform owners decided that offering one was an unwarranted luxury for traders. This led us to suspect that the company never purchased the TradersEvolution platform. Otherwise, there would be no reason why they couldn’t deploy a demo server, which is included in any package provided by the developers.
As a result, we had to rely solely on the information available on the official website. More than the vague and uninformative description of the platform, we were interested in the broker’s trading conditions. Some of these conditions are listed in the account types table. The maximum leverage size immediately stands out: Sync Digital offers leverage of up to 1:1000. Additionally, it is stated that bonuses are available for all account types.
We wonder if the project owners are aware that the UK’s FCA and Cyprus’ CySEC, which supposedly regulate its operations (at least according to the broker):
- Limit the maximum leverage for retail investors to 1:20-1:40, and for professional traders to 1:200.
- Prohibit the use of bonuses to attract and incentivize clients.
It seems that licenses from reputable regulators are out of the question. The claim of operating under FCA and CySEC oversight is entirely false and aims solely to attract traders.
The Reality Check
Sync Digital boldly claims to be registered in the UK, providing an office address and even a company registration number. Moreover, the Terms & Conditions section doesn’t just mention a registration number but also includes a link to the corresponding page. Naturally, we followed it.
It’s somewhat astonishing to find a Swiss company registry link tied to the registration number of a British company. Unsurprisingly, the registration numbers do not match. Additionally, the names differ: the Swiss company is called SYNC-DIGITALS SA. This suggests that by placing the link, the broker deliberately misleads traders. The question remains — why?
We tried to clarify this by checking the data in the UK’s Companies House. Sure enough, a company named Sync Digital LTD is indeed registered in the UK. The broker-provided address and registration number are accurate.
The company was founded in August 2022, is active, and operates in the telecommunications and IT sector. This became the first reason why the broker’s owners likely avoided showcasing the British company’s details. Telecommunications and IT, in our opinion, have little to do with providing brokerage services. Delving into the firm’s financial records reveals the second reason: it has only one employee (the director) on its payroll, and total assets amount to just under £3,500. Somehow, it’s hard to believe that a solid broker could operate on such a limited foundation.
The conclusion is straightforward: Sync Digital is nothing more than a fancy name stolen by scammers from a legitimate company to appear legitimate. In reality, the broker isn’t registered anywhere, and it only provides virtual services online.
The FCA and CySEC licenses that supposedly govern the platform’s operations could have been left unchecked at this point. However, we still reviewed these regulatory databases — unsurprisingly, Sync Digital is not listed in either of them.
So, what we have here is a virtual broker that adopted the name of a legitimate company to seem credible. Of course, there’s no LSE listing, no FTSE 250 inclusion, and no licenses. All published information claiming otherwise is fake, with the project owners deliberately misleading clients. Then again, what else can one expect from scammers?
How Long Has Sync Digital Been in the Game?
The broker’s claims about its longevity are especially intriguing. Its homepage features several industry awards and accolades, with the earliest dated back to 2021. Naturally, users are led to believe the company’s history began even earlier.
However, this is yet another fabrication. Upon closer inspection, it becomes evident that the listed awards were originally attributed to a broker named TradeWave (and poorly altered, with visible editing marks on the images). A quick online search reveals that TradeWave, a former Forex/CFD broker, has long ceased operations. It seems the project’s creators decided to continue the profitable venture but lacked the precision needed to cover their tracks.
Regarding Sync Digital’s actual lifespan, we conducted an investigation using WHOIS data on the domain registration.
It turns out that the broker’s domain, sync-digital.net, was registered only in October 2024. The company has existed online for just over a month and a half. Thus, any talk of awards from 2021 or years of experience is part of another poorly conceived story.
By now, we’re accustomed to scammers attempting to deceive potential and existing clients. Unfortunately, it’s often difficult for newcomers to find accurate information about every project. That’s precisely why we publish reviews like this — to help them out.
Extra Fraud Indicators
Scammers never operate transparently. This was confirmed once again when we reviewed Sync Digital’s online presence. Despite being only 1.5 months old, the broker already boasts 76 reviews on Trustpilot, with an average rating of 4.8 (none of which are even neutral, let alone negative).
Considering the company’s short lifespan, its satisfied users must have left an average of 1.5 glowing reviews daily. This seems highly unlikely, especially when you consider how rarely clients write positive feedback about any service.
To achieve such a feat, the company likely incentivized reviewers — which its staff indeed seem to have done. However, we would advise them to hire more competent writers. Otherwise, 80% of their positive reviews will continue to cause laughter, as the copywriters clearly have no idea what they’re writing about.
Meanwhile, legitimate reviews on thematic sites tell a different story. Experts clearly understand how the platform uses another company’s name and why it does so. It’s no surprise, then, that “scam” is a fitting label for this pseudo-firm.
Is Sync Digital the Right Fit?
In our Sync Digital review, we’ve exposed yet another “regulated” broker that exploits the name of a legitimate company to mask its shady operations. Operating without registration or licensing, it publishes false information on its site — regarding its age, awards, stock exchange listings, and more. These deceptions are intended to make the firm appear more credible but instead provide additional proof of its fraudulent nature. We hope our publication deters novice traders from funding accounts on this platform.
Don’t even think about investing a single cent! These scammers disguise themselves as a legitimate company. In reality, they are con artists running yet another fraudulent scheme. I lost $5,000 here and later realized their website and terms are identical to TradeWave, which also stole my money. I’m sure it’s the same people! Don’t give these scammers your money!!!