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.
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