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DEVON FINANCE FX

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Operating status: SCAM

Website: http://www.devonfinanceltdfx.com/en/index.html

Broker violations and abnormal records
  • 2023-05-21 The UK FCA issued a warning against DEVON FINANCE FX

    On May 22, 2023, the Financial Conduct Authority (FCA) issued a warning against DEVON FINANCE FX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/devon-finance-fx

    On May 22, 2023, the Financial Conduct Authority (FCA) issued a warning against DEVON FINANCE FX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/devon-finance-fx
  • 2023-05-22 BrokersView has reviewed that DEVON FINANCE FX is an unregulated broker

    DEVON FINANCE FX claims to be operated by Devon Finance Limited registered with the Companies House (CH) under company number 08886301 and regulated by the Financial Conduct Authority (FCA). However, our research suggests that this broker's claim is a combination of true and false information. On one hand, we did find matching records in the CH register, but it is critical to note that the CH is only a registrar of companies in the UK not empowered to regulate financial activities. Having a certificate of incorporation from the CH doesn't mean being authorized to offer financial services or products legally. On the other hand, its claim that it is regulated by the FCA has been denied in a warning issued by the financial watchdog against DEVON FINANCE FX, saying it is operating in the absence of proper authorization.

    In essence, DEVON FINANCE FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    DEVON FINANCE FX claims to be operated by Devon Finance Limited registered with the Companies House (CH) under company number 08886301 and regulated by the Financial Conduct Authority (FCA). However, our research suggests that this broker's claim is a combination of true and false information. On one hand, we did find matching records in the CH register, but it is critical to note that the CH is only a registrar of companies in the UK not empowered to regulate financial activities. Having a certificate of incorporation from the CH doesn't mean being authorized to offer financial services or products legally. On the other hand, its claim that it is regulated by the FCA has been denied in a warning issued by the financial watchdog against DEVON FINANCE FX, saying it is operating in the absence of proper authorization.In essence, DEVON FINANCE FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

How can I get in touch with customer service?

angelo melis
Mexico
2023-05-25
ANSWER DEVON FINANCE FX is an unreliable broker we advise against trading with despite the seemingly attractive deals it offers.DEVON FINANCE FX claims to be operated by Devon Finance Limited, a company registered with the Companies House (CH) under company number 08886301. While it is true that corresponding records exist in the CH register, it is critical to note that the CH serves as a registrar of companies in the UK and doesn't possess authority to regulate financial activities. Merely having a certificate of incorporation from the CH doesn't mean being authorized to legally offer financial products or services. Furthermore, DEVON FINANCE FX asserts to be regulated by the Financial Conduct Authority (FCA), a recognized financial watchdog in the UK. However, the FCA has issued a warning explicitly denying DEVON FINANCE FX's assertion and stating that DEVON FINANCE FX is operating without proper authorization. This contradictory situation raises significant concerns about the legitimacy and compliance of DEVON FINANCE FX's operations.Regarding your question, you may contact them by email, but we strongly suggest you stop dealing with DEVON FINANCE FX since it is a non-regulated broker. Your money in its system is risky as there are no rules in place to safeguard it. You may suffer financial losses and identity theft. Therefore, to avoid such risks, investors are advised to stay away from unlicensed brokers like DEVON FINANCE FX and choose fully regulated ones instead.
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