Digital Coin Trade Scam Warning: FCA Alert, Not Licensed

Digital Coin Trade is an investment platform whose domain name, digitalcointrade.com, suggests digital currency trading. On 13 November 2026 the FCA announced that the firm is offering financial services without authorisation and may be targeting people in the United Kingdom.

🪙 The Flow Seen on Crypto Platforms

In operations of this kind, the investor is usually asked to send USDT, and the account dashboard shows the balance as if it grows every day. When it is time to withdraw, new payments are demanded under the name of "tax", "network fee" or "account verification". As there is not yet any client report about Digital Coin Trade, this flow is the pattern seen on platforms of the same type.

📋 What Is in the FCA Entry?

• Warning date: 13 November 2026 (FCA warning page).
• Address: Copthorne Way, Cambridge, CB5 4DL. The FCA notes that firms of this kind can use contact details belonging to other businesses; the address has not been verified.
• No telephone number or e-mail address appears in the entry.
• A UK address or a possible foreign licence is not valid for investment services in Türkiye.

🔗 Other Platforms Using the Same Method

The following platforms, which collected money under the name of crypto trading and blocked withdrawals, followed a similar scheme:

🧭 The Position Under Turkish Law

Article 35/B of Capital Markets Law No. 6362 requires institutions that will provide crypto asset services to obtain SPK authorisation; Digital Coin Trade has no such authorisation. The authorisation position can be checked in the SPK list of authorised institutions. Tracing the money through crypto wallets is covered in the article on money transferred to a crypto exchangeTR, and the course of the criminal investigation in the article on the process from investigation to indictmentTR.

For detailed information and legal support, you can contact Savun Law & Consultancy.

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