broker review
Digital Currency Market Review
General Information
First set up as a hedge fund in 1994, Digital Currency Market is now a valuable retail trading brand, offering leading services at a time when a lot of people want to get involved in the financial industry. The DCM figures are impressive since it managed to reach $165 billion in turnover in 2016.
Although the asset coverage is very diversified, including popular asset classes like FX, stocks, indices, and commodities, this is a brand that also comes with a very competitive cryptocurrency trading offer. Heavily focused on a very large audience from 160+ countries, Digital Currency Market has investing services as well, including savings accounts, recovery programs, or crypto portfolios.
Regardless of the diversity of services, our Digital Currency Market Review will put the cryptocurrency trading benefits under scrutiny, leaving anyone interested to judge and figure out if this is the right brand to be working with in 2021 or beyond.
Services Provided by Digital Currency Market
As already mentioned, the services offered by Digital Currency Market are diversified and not limited to trading alone. Traders can also use their investment avenues, but since our profile is mainly crypto-focused, let’s talk about the main benefits of this service.
There are more than 200 tradable instruments, even though not all are linked to cryptocurrencies. What’s important to note is that when holding a Digital Currency Market account, you can trade Bitcoin, Ether, Litecoin, and other altcoins, benefiting from flexible leverage, and other features based on the account type chosen.
This brand has 7 different account types (Basic, Bronze, Silver, Gold, Platinum, Diamond, and Black), ensuring ample diversification capabilities for its broad audience. Those with limited capital available can start trading with as little as $250 on a Basic account.
Traders with more capital and the desire to gain access to more features can choose a larger account. Several educational resources like sessions with senior analysts and access to all trading platforms are granted when holding an account with this brand.
To enjoy a smooth trading experience, the popular Metatrader 4 and a WebTrader are the two platforms now available with the broker. Also, the dcmarket.io trading tools can play an important role in providing further support and insights into the market. Each customer can choose which platform suits his/her needs, but regardless of the pick, the trading software available is optimized for the challenging conditions in the cryptocurrency market.
Funding Methods and Trading Costs
High financial security is a must for the Digital Currency Market and that is why traders can use some of the most popular and convenient funding methods. Using a credit or debit card will ensure the fastest deposit and traders wanting to choose a wire transfer, can use this option as well. Regardless of choice, these are trusted solutions.
The main trading costs associated with Digital Currency Market spreads are the overnight swaps. This applies when it comes to crypto trading. For crypto portfolios or other investing services, other fees and costs might be associated. Traders also need to consider the fees that might be charged when conducting a withdrawal.
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Customer Support
Digital Currency Market is a place where customers can benefit from professional customer support. Available in English and German, traders have access to a team of representatives via multiple channels, making sure technical issues or demands for more information can be solved very fast.
Geographical Restrictions
For the time being, the services offered by Digital Currency Market are available for a very large audience. Customers living in more than 160 countries are enjoying the benefits provided by this brand, as diversity is granted via a very rich offer. However, that does not mean all countries are accepted. Residents in several jurisdictions, especially sanctioned countries, might not be able to open an account. More details can be found by contacting a Digital Currency Market representative.
Summary
The world of cryptocurrencies is in constant motion and as the industry matures, new trading/investing opportunities are emerging around the world. Digital Currency Market proves to be an optimized ecosystem where both beginners and advanced traders can tackle the markets with the right pack of tools. Based on our analysis, this brand can be integrated among the popular brokers we’ve reviewed, given the competitive conditions available. If you need more details, feel free to check the website or contact a representative.
Digital Currency Market Overview
Product Name: Digital Currency Market
Product Description: First set up as a hedge fund in 1994, Digital Currency Market is now a valuable retail trading brand, offering leading services at a time when a lot of people want to get involved in the financial industry. The DCM figures are impressive since it managed to reach $165 billion in turnover in 2016.
Brand: Digital Currency Market
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Services
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Funding Methods
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Assets
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Customer Support
Summary
The world of cryptocurrencies is in constant motion and as the industry matures, new trading/investing opportunities are emerging around the world. Digital Currency Market proves to be an optimized ecosystem where both beginners and advanced traders can tackle the markets with the right pack of tools. Based on our analysis, this brand can be integrated among the popular brokers we’ve reviewed, given the competitive conditions available. If you need more details, feel free to check the website or contact a representative.
Pros
- Traders have access to a broad range of cryptocurrencies
- Two reputable platforms are available for all customers
- The services provided by Digital Currency Market are well-diversified
Cons
- Keep in mind any geographical restriction
- Customer support available only in English and German
- Largest account holders are the biggest beneficiaries
