Bydigitalasset

Bydigitalasset is a broker registered in Singapore, incorporated on June 5, 2025. The firm lists its address as 3015 Suit pagla road, Singapore. According to FXCanary's records, the broker operates under the domain bydigitalasset.com and does not hold any financial regulatory licences from recognised authorities such as the Monetary Authority of Singapore (MAS) or any other trusted regulator.

Given its recent incorporation and complete lack of regulatory oversight, Bydigitalasset presents significant risk for retail traders. The broker's website is generic and lacks substantial information about its operations, leadership, or compliance framework.

Bydigitalasset offers four account tiers with varying minimum deposit requirements: a STARTER account requiring $200, a CLASSIC account at $5,000, an ENTERPRISE account at $10,000, and a PREMIUM account at $50,000. Leverage limits are not disclosed for any of these accounts.

The high thresholds, especially for the PREMIUM account, are unusual for an unregulated broker and may aim to collect large deposits from unsophisticated investors. Without regulatory oversight, there is no guarantee of fund segregation or compensation schemes.

FXCanary's regulatory checks confirm that Bydigitalasset does not hold a valid licence from any credible financial authority. The broker's registered address in Singapore does not correspond to the typical office locations of licensed brokers, and the company is not listed on the MAS Financial Institutions Directory.

Trading with an unregulated broker exposes clients to heightened risks, including potential fraud, lack of dispute resolution mechanisms, and no assurance of fair trading practices. FXCanary strongly advises traders to avoid entrusting funds to any entity that operates without a licence.

Based on available information, Bydigitalasset does not publicly specify the trading instruments or platforms it offers. The broker's website mentions forex, stocks, derivatives, and cryptocurrencies in promotional content, but no concrete details about execution, spreads, or platform providers are provided.

This lack of transparency makes it impossible for traders to evaluate the quality of services or compare them with other brokers. FXCanary considers such omissions a red flag, as reputable brokers typically list their offerings clearly.

Bydigitalasset appears to target retail traders seeking leveraged exposure to forex and crypto markets, as well as those interested in copy trading. The availability of a low-minimum STARTER account ($200) may attract novice traders, while high-tier accounts appeal to wealthier individuals.

However, given the absence of regulatory protection and transparent information, this broker is unsuitable for any risk-averse trader. FXCanary recommends thoroughly verifying any broker's credentials before depositing funds.