A General Understanding Of Digibits
Founded In 2021, Digibits Is A Forex Broker Registered In Saint Vincent And The Grenadines, Providing Trading Services To Clients From All Over The World. The Broker Offers Multiple Account Types To Cater To Different Trading Styles And Levels Of Expertise. Account Types Include Standard, VIP And Original Accounts, Each With Its Own Unique Features And Trading Conditions. The Minimum Deposit To Open A Standard Account Starts At $1000, Which Is Much Higher Than What Most Brokers Require. In Terms Of Leverage, Digibits Offers Traders The Option To Choose The Level Of Leverage Based On Their Trading Instruments. For Forex, Gold And Silver, Digibits Offers A Maximum Leverage Of 1:500.
Digibits Offers Meta Trader 4 (MT4) To Provide Clients With A Trading Platform. This Is A Reliable And User-friendly Platform That Traders Can Use On Desktop, Web And Mobile Devices, Enabling Them To Access Trading And Analysis Tools Anytime, Anywhere.
Digibits Provides Customers With Customer Support Services Through A Number Of Channels, Including Phone, Email, Live Chat And Web Contact Forms. Their Client Server Team Is Available 24/5 To Answer Any Questions Or Concerns That Customers May Have About Trading Or The Services Provided By The Company.
Digibitsfx Is Registered And Licensed By The Financial Services Authority In St. Vincent By Digibits Network Limited (26565 Ibc2021).
Are Digibits Legit Or A Scam?
Digibits Is Not Currently Regulated By Any Financial Regulator. While Unregulated Brokers Can Offer Certain Advantages, Such As Lower Fees And More Flexible Account Options, It Is Important To Note That Risks May Also Be Involved. Unregulated Brokers Do Not Have To Follow Certain Strict Guidelines And Regulations, And Do Not Necessarily Offer The Same Level Of Security And Protection As Regulated Brokers.
Therefore, Traders Are Always Advised To Conduct Their Own Research And Exercise Caution When Dealing With Unregulated Brokers.
Pros And Cons
On The Positive Side, Digibits Offers Multiple Account Types And Competitive Trading Conditions, Such As High Leverage And The Use Of Various Trading Tools. The Broker Also Offers An Intuitive And User-friendly Trading Platform, Efficient Customer Support, And Mobile Trading Features.
However, Digibits Limitations Include A Relatively Narrow Range Of Tradable Assets, High Bank Transfer And Withdrawal Fees, Lack Of Investor Protection, And Limited Educational Resources For Traders.
Market Tools
Digibits Offers A Range Of Market Trading Tools, Including Forex, Indices, Commodities, And Cryptocurrencies. Forex Traders Can Trade Major, Minor And Exotic Currency Pairs, While Index Trading Options Include The Popular Standard & Poor 500 Index, Nasdaq And Dow Jones. The Broker Also Offers A Variety Of Commodities Such As Gold, Oil, Silver. In Addition, Digibits Offers A Growing Selection Of Cryptocurrencies, Including Bitcoin, Litecoin And Ethereum, Among Others. Traders Can Choose To Trade These Assets On Either A Standard Account Or An Original Account, And The Metatrader 4 Trading Platform Provides A User-friendly Interface For Executing Trades Across All These Instruments.
Account Types
Digibits Offers Its Traders Three Main Account Types: Standard Account, VIP Account And Original Account. Standard Account Requires A Minimum Deposit Of $1,000 And Offers Variable Spreads Starting From 1.8 Pips. Traders Can Use All Trading Tools And Enjoy Flexible Leverage Of Up To 1:500. On The Other Hand, VIP Account Requires A Minimum Deposit Of $15,000. And Offers Spreads Starting From 1.4 Pips. VIP Account Holders Also Have Access To A Personal Account Manager And Can Trade With Leverage Of Up To 1:200. Finally, Original Account Is For Serious High Volume Traders With A Minimum Deposit Of $50,000. This Type Of Account Offers A Minimum Spread Starting From 0 Pips, But A Commission Is Charged On Each Trade. Original Account Holders Can Also Trade Using Leverage Up To 1:200. All Account Types Have Access To The Metatrader 4 Trading Platform And Other Features, And Higher Level Accounts Offer Additional Perks And Benefits.
How Do I Open An Account?
To Open An Account, Follow These Simplified Steps:
1. Visit The Official Website Digibits And Find The "Open Account" Or "Register" Buttons That Are Prominent On The Homepage Of The Website.
2. Fill Out Regedit Accurately, Providing Your Personal Details, Including Your Full Name, Valid Email Address, Phone Number And Country Of Residence.
3. Select The Desired Account Type From The Available Options, Such As A Real Account For Real Trading Or A Demo Account For Practicing With Virtual Funds. Read And Accept The Terms And Conditions Carefully, As Well As Any Risk Disclaimers Stipulated By Rallyville Markets.
4. Submit The Completed Registration Form For Processing And Verification, Ensuring That All Information Provided Is Correct And Matches Your Official ID.
5. Once Your Account Has Been Approved, You Will Receive Login Credentials To Access The Trading Platform Digibits Provided By. Deposit Funds Into Your Trading Account Using The Available Payment Methods Accepted By The Broker, Ensuring That You Meet The Specified Minimum Deposit Requirements.
6. Download And Install The Trading Platform, Log In With Your Account Credentials And Start Trading Various Financial Instruments.
Remember That You Need To Complete The Know Your Customer (kyc) Process First Before You Can Make Any Withdrawals. This Involves Submitting Identification Documents, Such As A Passport Or Driver's License, And Proof Of Address, Such As Utility Bills Or Bank Statements. Make Sure To Follow All Instructions Provided By Digibits To Ensure Smooth Account Opening.
Leverage
Digibits Offers Up To 1:500 For Standard Accounts, Depending On 1:200 For VIP Accounts, Up To 1:200 For RAW Accounts. Leverage Is A Tool That Allows Traders To Control Larger Positions With Less Capital, Thus Magnifying Their Profits And Losses. However, It Is Important To Note That Higher Leverage Also Increases The Risk Of Losing More Than The Initial Invested Capital. Digibits Offers Flexible Leverage Options That Traders Can Use Based On Their Trading Experience And Risk Appetite. It Is Essential To Understand How Leverage Works And Use It Responsibly To Stay Within Acceptable Risk Levels.
Spreads And Commissions (transaction Fees)
Digibits Offers Several Account Types, Each With Different Spreads And Commissions. For Standard Accounts, Spreads Start At 1.8 Pips, And No Additional Commission Is Charged. For RAW Accounts, Spreads Start At 0.0 Pips, But There Is Also A Commission Of $3.50 Per Lot. For VIP Accounts, Spreads Start At 1.4 Pips, And No Additional Commission Is Charged.
It Is Worth Noting That Spreads And Commissions May Vary Depending On Market Conditions And Trading Instruments. Digibits Strives To Offer Competitive Prices To Its Customers And Provides Transparent Information On Its Website Regarding Current Spreads And Commissions For Each Account Type.
In Addition To Spreads And Commissions, Digibits Charges A $25 Withdrawal Fee For Telegraphic Transfers. Other Payment Methods, Such As Credit/debit Cards Or E-wallets, May Have Different Associated Fees. In Evaluating With Digibits.
Non-Transaction Fees
In Addition To Spreads, Commissions And Withdrawal Fees, Digibits Charges Some Non-transaction Fees.
These Fees Include:
Inactivity Fee: A $50 Monthly Fee Is Charged If The Account Is Inactive For 90 Days Or More.
Overnight Funding Fee: This Is A Fee Charged For Positions Held Overnight. Fees Vary Depending On The Instrument Being Traded And Depend On The Prevailing Interest Rate.
Conversion Fee: For Accounts With Leveraged Accounts And Currency Balances That Differ From The Underlying Account Currency, Conversion Fees May Apply For Converting Currencies.
It Is Important To Note That Non-trading Fees Can Sometimes Have A Significant Impact On Overall Trading Costs, Especially For Traders Who Hold Positions For Long Periods Of Time. Traders Should Ensure That All Fees Associated With Their Account Type Are Reviewed And Taken Into Account When Assessing The Overall Value Of A Trade Digibits.
Trading Platform
Digibits Actually Offers Multiple Trading Platforms, Giving Clients The Flexibility To Choose The One That Works Best For Them. These Platforms Include:
MetaTrader 5 (MT5): This Platform Offers Similar Features To MT4, But With More Features, Such As More Technical Indicators And Order Types. MT5 Also Has More Advanced Features That Can Be Used To Trade Different Asset Classes, Including Stocks And Futures.
Web Trader: Web Trader Is A Web-based Platform That Does Not Require Any Installation. This Allows Traders To Access Their Accounts And Make Trades From Any Computer With Internet Access.
Forex Mobile Trading Platform: This Is A Mobile Trading Application That Can Be Used On Smartphones And Tablets. It Provides Traders With The Ability To Monitor Their Accounts, View Charts And Make Trades, All In The Palm Of Their Hand.
Deposit And Withdrawal
Digibits Offers A Range Of Deposit And Withdrawal Options, Most Of Which Are Free, Fast And Secure. These Options Include:
Bank Telegraphic Transfer: This Is A Traditional Method Of Transferring Funds That Involves Transferring Money Between Banks. This Option Is Free, But May Take Up To 5 Business Days To Process.
Credit/Debit Cards: Digibits Accepts Visa, Mastercard, And Maestro Cards. These Payments Are Free And Are Processed Immediately.
E-Wallets: Digibits Supports Popular E-wallets Such As Neteller, Skrill, And Paypal. These Options Are Also Free And Are Processed Immediately.
Cryptocurrency: Digibits Is One Of The Few Brokers That Accepts Bitcoin And Ethereum As Deposit Methods. This Option Is Free And Will Be Processed Immediately.
Digibits Does Not Charge Any Deposit Or Withdrawal Fees, Except For Bank/telegraphic Transfers Where The Sending Or Receiving Bank May Charge A Fee. Please Be Sure To Note That The Customer May Be Required To Pay For The Payment Service Provider Used.
The Minimum Deposit Amount Varies Depending On The Payment Method, Ranging From $100 To $500. Basically, The Funds Will Arrive In Your Account Immediately After The Payment Details Are Processed. There Are No Deposit Fees Other Than A 1.8% Service Fee Required By Neteller.
Customer Support
Digibits Offers Customer Support Through Multiple Channels, Including Email, Telegram And Social Media Platforms Such As Facebook, Twitter, Linkdedin And Instagram. The Support Team Is Available 24/5.
Email: Support@Digibits.com, It Is Recommended To Use This Channel For More Detailed Queries Or Complaints Requiring Documentation.
