Today, we are publishing a DigitalEuroMarket review, where we reveal a scam broker that belongs to a large family of clones. These companies replicate each other’s websites almost without any changes. On each of them, users are urged to “trade the right way, trade now.” At the same time, they promise access to top-tier trading instruments, an intuitive platform, and excellent trading conditions. We’ll help you understand the value of such promises by exposing these fraudsters in more detail below.
Key Features
- Company Name: DigitalEuroMarket
- Website: https://digitaleuromarket.com/
- Available Contacts: [email protected]; +442033767689
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: €5,000
From Sign-Up to Payout
We seriously doubt that any actual developers worked on the official DigitalEuroMarket website. We have plenty of solid reasons for this. First, the site looks almost identical to a dozen other “creations” of similar scam brokers. And we’re not talking about vague similarities — the text and punctuation are exactly the same.
Second, for some reason, DigitalEuroMarket is not even mentioned on the pages (apart from the domain name). All the texts are written in the name of a different broker, TradesVisions, which we reviewed just a few days ago.
The logic behind this is unclear: whether the team behind this platform forgot to change the content or whether TradesVisions is rebranding its domain and trading names (and just hasn’t updated everything yet). The content of the pages doesn’t fare any better. Despite launching a new site, none of the known issues have been addressed. For example, the company could have easily:
- Provided financial reports or statistics to back up their claims of being a leading provider of online brokerage services. But no, their self-praise remains baseless.
- Cleaned up the Market Overview page, keeping only trader-relevant widgets that would genuinely help in market analysis. As it stands, it’s a cluttered mess, making it difficult to find useful tools.
- Added a brief description of the trading platform and its key features. It would also be helpful to remove misleading mentions of MT4, since the platform they use has no connection to MetaQuotes’ popular terminal.
It’s possible that the team behind DigitalEuroMarket doesn’t even know how to make these adjustments, as the site content is protected from editing and copying. If so, this gives us a clear sense of their professional competence. If they can’t handle such simple tasks, what kind of support can they offer their users?
Moving on, we still managed to register an account, but things did not get better, because the personal account opened on the website: https://tradesvisions.com/. Meanwhile, in the TradesVisions review, we found that it is impossible to register on it. The actions of scammers become completely incomprehensible.
As for the personal account, it can hardly be called convenient, functional, or worthy of any praise. Here you can:
- Change personal information.
- Upload documents for verification.
- Create a referral link.
- Deposit money into your balance.
The latter, however, is only possible theoretically, since the list of possible payment methods is unclickable and the user is not allowed to even look at them.
Our Trading Experience With DigitalEuroMarket
The broker has said plenty of good things about its trading platform, describing it as modern and technologically advanced, with professional-level functionality, promising a unique experience for traders.
All of this “unique experience” begins the moment the platform’s page attempts to load. The URL of the page was updated, but it seems they either forgot to transfer or adjust the code, resulting in the platform never appearing in the browser window.
However, we don’t need to wait, as we are already familiar with this web application. It’s built using a price chart widget from TradingView, which is probably its only advantage. The terminal:
- Doesn’t allow opening multiple chart windows simultaneously.
- Only offers five timeframes to choose from: 1, 5, 30 minutes, 1 day, and 1 week.
- Lacks the ability to use custom indicators or expert advisors (the company doesn’t provide API access).
The most interesting thing about this platform is the order form for placing market and pending orders. A careful trader will notice that no actual market quotes or price levels are used — everything is shown in the account currency.
The conclusion is clear: this terminal was developed for spread betting. Although the differences from Forex/CFD trading are not major, using it once again shows the level of professionalism (or lack thereof) among DigitalEuroMarket’s staff.
The Reality Check
The company provides neither its contact information nor official details about its registration, licenses, or founding date. Instead, the pages (which of course, haven’t been updated) feature information about the broker TradesVisions. We had no choice but to analyze these details.
The firm lists the addresses of its headquarters in the British Virgin Islands and a branch in the United Kingdom. Additionally, in the Special Terms for CFD Trades, there is a mention that the broker operates in compliance with UK laws. Naturally, we conducted checks in the relevant databases for both countries.
The results we obtained were identical — neither DigitalEuroMarket nor TradesVisions are mentioned in any business registers. This means that we are dealing with a pseudo-company that only exists online. There is no real trading organization involved here. After all, an unregistered firm cannot even officially receive a feed of quotes from electronic information providers. It raises the question of where they are getting their real-time asset prices and how accurate those prices actually are.
A broker operating without registration cannot expect to obtain a license, not even an offshore one. This implies that their services are being offered illegally. This makes the name DigitalEuroMarket particularly interesting, as it suggests that the platform is targeting European clients. It seems that the owners of the site are unaware of the strict requirements imposed by European regulators.
How Long Has DigitalEuroMarket Been in the Game?
The broker’s registration date remains hidden. However, the answer to how long they’ve been around can be easily found by checking the domain registration date, which is publicly available via the WHOIS service.
As we can see, the domain digitaleuromarket.com was only registered on July 1, 2024. By the time this review was written, the site has existed for just 3.5 months, which is also how long this pseudo-company has been online. What’s even more surprising is that in all that time, no one bothered to make corrections to the website’s content. It seems that the scammers are perfectly fine with things as they are.
Extra Fraud Indicators
The lack of registration and licensing, along with the company’s short lifespan, are just a few of the signs pointing to DigitalEuroMarket being a scam. We won’t even mention the fact that another company’s name appears on the site. Here are some of the most obvious red flags typical of scam operations:
- It’s impossible to deposit money independently (as we mentioned earlier). Scammers prefer to control the registration process to prevent experienced users, who can easily recognize a scam, from opening accounts and damaging their reputation with negative reviews.
- There are no links to social media pages. Only scammers would ignore such a vast audience.
- The only official documents on the website are Terms & Conditions and Special Terms for CFD Trades. There’s no risk disclosure, privacy policy, or any of the other standard policies found with legitimate brokers.
- For some reason, there is a merger of two brands, TradesVisions and DigitalEuroMarket. Perhaps the former has already tarnished its reputation, so the scammers are using the latter as a convenient intermediate step. However, in our opinion, such a mess, especially with a personal account, is hardly a convenient or at least witty solution.
These indicators alone are enough to avoid trusting this firm, even if official data couldn’t be verified. Is it worth dealing with such a broker? We believe the answer is obvious.
Is DigitalEuroMarket the Right Fit?
In our DigitalEuroMarket review, we have listed, if not all, then the most important arguments proving that the broker is a scam. A borrowed website, lack of registration and licensing, and an operational history of just over 3 months: this should be enough for any trader to steer clear of this fake company. We hope our readers understand this and avoid falling victim to yet another fraud.
Total scammers!!! The only thing DigitalEuroMarket’s staff is good at is scamming us and you out of your money. I lost 16,000 euros. There is no company at the London address listed on the website. I went there myself and checked. My expert even assured me that people would meet me at that address… So don’t give them your money and you won’t lose anything.
Once, I answered a call from DigitalEuroMarket, and after that, they called me 22–24 times daily. This went on for weeks until I finally agreed to try. At first, everything was going great with the minimum deposit, and the manager kept convincing me to increase it so my profits would grow. Eventually, I believed in myself and the company’s help, so I sent them nearly $30,000. But I never managed to make a single trade with that amount. As soon as the money hit my account, it was blocked. A different representative (not the one I had been working with) called and said I had violated their AML policy, and I’d have to wait for an investigation. Four weeks have passed, and nobody is saying anything. Support won’t answer my calls or emails. I think my money went straight into the scammers’ pockets. I do not recommend!!!