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Operated by Larmond Capital Ltd
MyDigiTrade is an established social trading network
Read 100% Free MyDigiTrade Review by Scamorno Team
FULL REVIEW OF MyDigiTrade
Social trading has grown hugely in popularity over the last couple of years, in response to the rising popularity of social trading a number of new networks have emerged seeking to tap into this growing market. Based in the British Virgin Islands, relative newcomer MyDigiTrade hopes to establish itself as a big player by offering an attractive and easy to use platform.
MyDigiTrade allows traders to automatically copies the positions of the signal providers featured on the social trading network. Once a trader has chosen the signal provider they wish to copy, all the trades executed by that individual are mirrored in their own trading account. The service provided by MyDigiTrade is completely free with the network making their revenue through partnerships with the various brokerages which support the network.
Is MyDigiTrade The Broker That Executes Trades For You?
As already touched upon MyDigiTrade is an independent broker, which means traders are able to use the service in conjunction with one of the supported brokerages. There are currently a total of fifteen brokerages which are partnered with MyDigiTrade including big names such as AvaTrade, XM and FXCM UK. While the selection of brokerages on offer isn’t as wide as on other competing platforms like ZuluTrade, users will still be able to choose between a number of well known and regulated brokerages. MyDigiTrade platform allows individuals to analyze the trading performance of the various signal providers on the platform, allowing members to go through the trader’s full trading history and get to grips with how the signal provider has performed in the past.
Which Signals Should You Choose To Follow In MyDigiTrade?
There is plenty of data available to help individuals familiarize with the past performance of the in question signal provider. It is also easy to find new signal providers to follow with it being easy to filter the various signal providers by a number of different criteria. It is also possible to monitor the performance of signal providers before placing your hard earned cash in their hands. Overall the MyDigiTrade platform is really sleek and easy to use; however the analytical tools aren’t quite as advanced as those featured on Myfxbook’s AutoTrade platform.
There is a wide selection of signal providers on the MyDigiTrade platform with there being a number of signal providers who can boast some impressive past performance. The platform provides users with a MDT rank which is a quick way to gauge the reliability and quality of a signal provider. Obviously past performance is no indicator of future success, but it does suggest that members who undertake proper due diligence will be able to find some reliable and successful traders to follow. As with all forms of trading using MyDigiTrade involves risk and those interested should not risk more than they can afford to lose.
Review Verdict: MyDigiTrade is a legitimate product that works
Consumer Fraud Alert Regarding MyDigiTrade
The success of MyDigiTrade has given rise to many frauds who try to sell their own fake services in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about MyDigiTrade, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://MyDigiTradeOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate subscription.
Conclusion about MyDigiTrade
While MyDigiTrade is one of the newer entrants to the social trading sphere, the network hopes to establish itself as a major player in the extremely competitive market by offering its users a sleek and easy to use platform. While the range of supported brokerages isn’t as extensive as on offer at other social trading networks those using the MDT platform can choose from a number well known regulated Forex brokers. For those interested in MyDigiTrade service, there is a demo account for new members to test out. Continue reading “MyDigiTrade Review – Is MyDigiTrade Legit?”