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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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I opened an account for indices and now I want to use the same account to trade forex. Is that accepted?
Ahmed Aziz
Paraguay
2023-05-24
ANSWER SUPRA ALGO FX is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.SUPRA ALGO FX claims in its FAQ section that it is operated by Supra Algo Forex Management Limited in compliance with the rules and regulations of Switzerland. However, we didn't find any matching records in the registry of the Swiss Financial Market Supervisory Authority (FINMA) that could support its legitimacy in the financial industry. This means what it claims is a false statement to unsuspecting investors and any offering of financial products or services by it is illegal. Furthermore, it provides a link, displayed as "certification", at the bottom of its homepage directing to Zefix which shows details of a company named Forex Management GmbH. But no evidence can be found to suggest possible connections between SUPRA ALGO FX and this company. In addition, the Financial Conduct Authority (FCA) has issued a warning against SUPRA ALGO FX for operating in the absence of appropriate authorization.Regarding your question, we strongly suggest you stop trading with SUPRA ALGO FX since it is a non-regulated broker, which could pose huge risks to your funds. As there are no rules in place to prevent fraud or theft, you would suffer financial losses and identity theft once using this platform. Therefore, investors are advised to stay away from unlicensed brokers like SUPRA ALGO FX and choose fully regulated ones instead.
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