Crypto Frontline

Digital Currency Market Review

Digital Currency Market Review
February 11
12:54 2021
Digital Currency Market logo

Company’s Highlights

Launched in September 1994, Digital Currency Market currently offers over 200 assets for corporate clients and independent traders. Aside from trading accounts, the company also offers savings accounts, in order to cover a range of different client needs. 

This broker is present in over 160 countries and provides personalized foreign exchange programs, trading tools, market analyses, risk management tools, dealing room specialists, and more. traders can also choose between three different platforms, all equipped with the most advanced tools and software. 

Due to the broker’s rising popularity, it was essential for us to review its features, benefits and shortcomings, in order for traders to understand if this is the right broker for them.

Cryptocurrency Instruments

If you are interested in crypto trading with Digital Currency Market, their selection and trading benefits are certainly satisfactory. Through this broker, traders can access some of the most significant cryptocurrencies, including Bitcoin and XRP. You can also trade crypto pairs like BTC/USD, AST/USD, BNB/USTD, LTC/USD, XRP/USTD, and LINK/BTC. 

All clients can use leverage when trading. However, the maximum leverage depends on the account you have. When opening a leveraged trade, risk management tools are at traders’ disposal, as a means of avoiding losses in case conditions change for the worse. 

Crypto Chart on DCM

Trading Software

You can choose from three intuitive, easy to use and efficient platforms: WebTrader, Digital Currency Market’s proprietary platform, and MetaTrader 4. Digital Currency Market’s platform can be downloaded to your desktop or mobile. Its main features include an exclusive ‘explore’ section, thorough market analysis, portfolio building and a customized trader account. 

MT4 was released in 2005 and is used daily by thousands of traders, thanks to its advanced technical analysis and easy-to-use platform. WebTrader is also available, with the big advantage of trading directly from your desktop. 

DCM powered MT4 platform

Digital Currency Market Accounts 

Digital Currency Market’s accounts are as personalized as possible, so that all of the trader’s needs are met. The following seven options are available: 

  • Basic 
  • Bronze 
  • Silver 
  • Gold  
  • Platinum 
  • Diamond  
  • Black

All accounts grant access to trading and educational sessions with senior analysts. Both Diamond and Black accounts are designated for traders who make larger deposits, therefore increasing potential profit. They possess a number of benefits, including unlimited free withdrawals, access to all assets, higher leverages, financial advisor services, and unlimited VIP signals. 

Special Features

Digital Currency Market offers a series of trading tools, designed and created by the most innovative programmers. These tools include forex and financial calculators, where you can calculate parameters to help you make important investing decisions. 

This broker enables Social Trading and AutoChartist tools, granting a unique opportunity to read releases by experienced traders as they are published, as well as to receive notifications regarding trends and risks from a cutting-edge algorithm. 

Also, depending on the account type, traders get access to VIP signals. Signals help both experienced and novice clients come up with trading ideas. These signals are automated, which means they are not based on the human mind, but at the same time each signal comes with an analysis, provided by a senior trader. The Digital Currency Market goal is to perfectly balance between human and machine. 

Advantages and Disadvantages

Pros

  • Exclusive proprietary platform, along with access to MT4 and WebTrader
  • Available in over 160 countries
  • Both retail and corporate clients accepted
  • Over seven different trading accounts
  • Hedging possible

Cons

  • An inactivity fee in place
  • Minimum deposit in place
  • Withdrawal fees for most accounts

Summary

Given all the features and trading benefits listed, our conclusion is that Digital Currency Market aims to attract clients by offering a large variety, so as to suit most traders’ strategies. This experienced broker conducts business all over the world, in over 160 countries, with over 200 assets.

With variable spreads that start at 0 pips, you can trade many important and popular assets such as cryptocurrencies, commodities, foreign exchange, indices and stocks. While there is a minimum deposit of $250, there are many payment methods accepted: credit card, debit card, bank wire transfer, e-payment, and SEPA transfer.

Based on all the information we’ve gathered and taking into account Digital Currency Market’s decades of experience in the business, there are enough reasons to believe this is a reliable choice for you. If you are still hesitant, you can visit the broker’s website and learn more about it. 

Digital Currency Market Review - overview
4.7out of 5
Support
4.7out of 5
Service
4.5out of 5
Languages
5out of 5
Trading Platform

Summary: Given all the features and trading benefits listed, our conclusion is that Digital Currency Market aims to attract clients by offering a large variety, so as to suit most traders’ strategies. This experienced broker conducts business all over the world, in over 160 countries, with over 200 assets.

4.73 Good
4.73 out of 5
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