Broker Review

Unauthorised Platform Details

Name: Digitalmarketsmining.com
Website: digitalmarketsmining.com

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What the website claims

DigitalMarketsMining presents itself as a Forex & CFD broker offering:

• Access to 100+ tradable assets including currencies, cryptocurrencies, precious metals, indexes and energies.

• A “regulated” status under the Malta Financial Services Authority (MFSA) via a company named OLCT Ltd in Malta.

• Features such as pure ECN trading, negative balance protection, full segregation of client funds, and use of the popular platform MetaTrader 5.

• A step-by-step process: register → verify identity → fund account → start trading.

Red Flags

1. Lack of verifiable regulation

   • According to the broker-rating website , DigitalMarketsMining has no valid regulatory information. It rates it as high risk.

   • The website claims to be regulated via Malta, but scrutiny shows no solid evidence of the license, or it is not registered under the name claimed. This suggests the regulatory claim may be misleading.

2. Poor trust-score / domain age / ownership opacity

   • The domain “digitalmarketmining.com” (note slight variation) has a very low trust score, flagged as “may be a scam”.

   • It gets a score of 10.1/100, classified “Untrustworthy. Risky. Danger.”

   • The domain age is very recent (registered Jan 2024) and the owner identity is hidden / redacted.

3. Multiple external warnings / user reports

   • Several user reports claim they were asked to deposit significant funds, were given very optimistic returns, but then blocked or asked for more deposits when they attempted withdrawals.

   • Some sites list the business as a “suspected scam website, potentially involved in fraudulent activities such as cryptocurrency mining and investment schemes.”

4. Claims vs independent evidence mismatch

   • Though the website claims “segregated funds”, “regulated by the MFSA”, “ECN conditions”, none of these have been verifiably confirmed by trusted regulatory listings as of the research date.

   • Legit brokers typically display licence numbers, regulatory references and are listed on the regulator’s official site; this one lacks proper transparency.

Final word

DigitalMarketsMining ticks a lot of the right marketing boxes (100+ assets, MT5 platform, regulation claims) but fails to meet the transparency and verifiable proof standards that credible brokers maintain. Based on current information, I would advise treating this platform as unverified at best, possibly fraudulent at worst.