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/10

DavyFinancial

Marshall Islands|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.davyfinancial.com

Website

Rating Index

Contact

support@davyfinancial.com
https://www.davyfinancial.com
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Davy Ltd

Company Abbreviation

DavyFinancial

Platform registered country and region

Marshall Islands

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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DavyFinancial · Company Summary

Registered in Marshall Islands
Regulated by No effective regulation at this time
Year(s) of establishment 1-2 years
Trading instruments Information not available
Minimum Initial Deposit $250
Maximum Leverage Information not available
Minimum spread Information not available
Trading platform Information not available
Deposit and withdrawal method Information not available
Customer Service Email /address
Fraud Complaints Exposure No for now

Note: At this time, we only have a cursory look at DavyFinancial as the company's official website (https://www.davyfinancial.com/ ) does not open properly.

General information

Screenshot time: 01/09/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

DavyFinancial is registered in Marshall Islands and appears to be a fraudulent broker without any credible regulation, with a history of no more than 2 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Account types

DavyFinancial offers a total of 5 account types: micro, silver, gold, platinum and exclusive. the minimum deposit to open an account is $250, $2,500, $10,000, $50,000 and $200,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a micro account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

account types

Customer support

The support service provided by DavyFinancial is not very extensive. It can only be accessed via email and an address. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: support@davyfinancial.com

Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

Users exposures

We have not received any reports of fraudulent activity at this time.

Frequent asked questions about DavyFinancial

Is this broker well regulated?

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

User Reviews

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FX1313861641
more than one year
DavyFinancial is a company registered in Marshall Islands without any regulatory license... It is very irrational to invest here rashly. I won't trade here, just to be on the safe side.
2023-03-07 18:35
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