Digital Markets (digitalmarkets.online) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: digitalmarkets.online.
I trusted Digital Markets (digitalmarkets.online) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Risk management tools|Portfolio tracking tools|Multiple order types
Cons: Wait times can be long during peak hours|No dark mode on mobile
Digital Markets (digitalmarkets.online) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Reliable uptime|Tax reports included|Transparent fees|Low minimum deposit
Cons: Minor UI glitches occasionally|Email notifications too frequent
After for just over a year with Digital Markets (digitalmarkets.online) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Helpful community forum|No hidden fees
Cons: Withdrawal takes 1-2 business days
After for just over a year with Digital Markets (digitalmarkets.online), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Regular platform improvements|Educational resources|Stable platform
Cons: Mobile app could be improved
The reporting at Digital Markets (digitalmarkets.online) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Smooth onboarding|Personal attention|Easy to use platform
Cons: Withdrawal takes 1-2 business days