Davy Financial is an unregulated offshore Crypto & Forex CFD Broker, that registered their website on September 3rd 2021.
Officially they are owned and operated by: Davy Ltd, and are located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. No phone number is listed on their website. Contact email address is: [email protected]. Official website is: https://www.DavyFinancial.com/.
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Davy Financial Reviews
Davy Financial offers day traders & new investors the basic web-based trading platform made by PandaTS. This web based trading software is used by many white label brokers, because it is easy to use, and it integrates with get rich quick funnels. It is made for newbie Crypto or CFD investors, who don’t want to take the time to learn a professional trading software like MetaTrader4. You will not find any mobile trading apps at this broker.
We can see that they are offering CFD trading on many underlying assets including; Forex, Commodities, Crypto, Individual Shares and Market Indexes. Leverage / margin rates on Forex is 100:1 and on Crypto they do not offer leveraged trading.
Minimum deposit requirement for a new trading account is $250, and the minimum withdrawal is $50. Davy Financial is targeting English and Italian speaking clients, since their website is available in both Italian and English languages.
Fake Crypto Trading Apps
Crypto trading apps are the latest craze online. They are promoted by influencers and Russian email spammers. It is a good thing you decided to do a little research before investing your money. Most people end up at an offshore broker after signing up with a crypto trading app. 99% of investors just like you, were directed to Davy Financial from a trading app like Quantum Code.
Online brokers are usually not licensed to give financial trading advise, and they are never allowed to actively trade your account. The way that a CFD broker makes money is from the spread, or from the clients deposits.
Learn more about how the Crypto trading app scams operate, read this article.
Is Davy Financial a Legit Broker?
No, Davy Financial is not licensed and not regulated. All online brokers must be regulated and licensed in the country that they operate, for example; CONSOB in Italy or the FCA in the United Kingdom.
The way that Scam Broker Investigator reviews a new Forex broker to see if they are legitimate or a scam, is by checking for a valid license. Before investing your money, read some real reviews of licensed brokers, and also look at the popular brokers listed here.
Compare Popular Brokers
An intelligent person like yourself, should test out a few licensed CFD brokers, before choosing the best brokerage firm for your trading style.
ForTrade is one of the fastest growing brokers today, since they have a unique trading app, with free trading signals. ForTrade is properly licensed & regulated in Europe, Canada and Australia.
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If you currently have investments at Davy Financial, please share your experience with other investors, in the comments section below.