BrokersView
Search
Download
English
Sign In

DEMO

Save

Operating status: SCAM

Website: https://penkn.com/#/home; https://txkjym.xyz/#/home

Broker violations and abnormal records
  • 2024-04-30 The SCB adds DEMO to its warning list

    On May 1, 2024, the Securities Commission of The Bahamas (SCB) added DEMO to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/05/Public-Notice-4-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas-May.pdf

    On May 1, 2024, the Securities Commission of The Bahamas (SCB) added DEMO to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/05/Public-Notice-4-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas-May.pdf
  • 2024-05-20 BrokersView has reviewed that DEMO is an unregulated broker

    DEMO offers financial services through two websites: txkjym.xyz and penkn.com. The former was registered in April 2024 and the latter in August 2023. However, this brand asserts that it was founded in 2010 and has won awards since 2016. The discrepancy between these claims and the actual website registration dates raises a red flag.

    Furthermore, while DEMO claims to be registered with the Securities Commission of the Bahamas (SCB), the SCB has added the broker to its warning list, refuting such a claim. This suggests that DEMO is not only unregulated but also potentially fraudulent.

    In essence, DEMO is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    DEMO appears to be a scam.

    DEMO offers financial services through two websites: txkjym.xyz and penkn.com. The former was registered in April 2024 and the latter in August 2023. However, this brand asserts that it was founded in 2010 and has won awards since 2016. The discrepancy between these claims and the actual website registration dates raises a red flag.Furthermore, while DEMO claims to be registered with the Securities Commission of the Bahamas (SCB), the SCB has added the broker to its warning list, refuting such a claim. This suggests that DEMO is not only unregulated but also potentially fraudulent.In essence, DEMO is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.DEMO appears to be a scam.

Related Complaints

Q&A

Their conditions look attractive. Please help me verify if legit.

ahmed mahmoud
United Arab Emirates
2024-05-23
ANSWER We strongly advise against accepting any offerings made by DEMO, an unregulated broker.DEMO operates through txkjym.xyz and penkn.com, claiming a founding year of 2010 and award recognitions since 2016. Yet, these sites were only registered in April 2024 and August 2023, respectively, casting doubts on the brand's authenticity. Additionally, despite DEMO's assertion of registration with the Securities Commission of The Bahamas (SCB), the SCB has listed the broker on its warning list as an unauthorized entity. This contradiction points to DEMO's lack of regulation and possible fraudulent nature.In light of this, investors dealing with DEMO run risk of losing their hard-earned money, due to the lack of regulatory oversight. To have a safer trading environment, it is highly recommended choosing fully regulated brokers over unregulated ones like DEMO.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.