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deVere -

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Score

1.58 /10

Danger

deVere

Item: deVere
Rating: 1.58

United States

Absconded

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

United Kingdom Payment License Revoked

Suspicious Overrun

High potential risk

http://www.devere-fx.com

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Comparison

Quantity 2

Exposure

Open Account

Website

Score

Regulatory Index0.00

Business Index7.52

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account

Website

Licenses

FCA Revoked

Payment License

VFSC Suspicious Clone

Retail Forex License

VPS Standard

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

Single Core

40G

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Broker Information

Company Name

deVere Foreign Exchange Limited

Company Abbreviation

deVere

Platform registered country and region

United States

Company website

http://www.devere-fx.com

Company summary

Pyramid scheme complaint

Expose

deVere · Company summary

Note: deVere's official website: https://www.devere-fx.com is currently inaccessible normal.

deVereReview Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	FCA (Revoked), VFSC (Suspicious clone)
Market Instruments	Forex
Demo Account	✅
Leverage	Up to 1:500
EUR/USD Spread	From 0.1 pips
Trading Platform	deVeres online trading platform
Min Deposit	$100
Customer Support	Phone: 971 4 383 6000, +971 55 591 7033
Customer Support	Email: csvglobal@devere-group.com

deVere, founded in 2002 in the United States, is an unregulated global financial advisory and trading platform. It mainly offers forex trading.

Pros and Cons

Pros	Cons
/	No regulation
	Unavailable Website
	Limited trading instruments
	No MT4/5

Is deVere legit or a scam?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Regulatory Status
	United Kingdom	deVere Foreign Exchange Limited	Payment License	613238	Revoked
	Vanuatu	EightCap Global Ltd	Retail Forex License	40377	Suspicious Clone

What Can I Trade on deVere?

deVere focuses on foreign exchange (forex) trading. It provides access to a comprehensive selection of currency pairs, including major currencies like the USD, EUR, JPY, GBP, and CHF, which form the core of its forex offerings.

Trading Asset	Available
forex	✔
metals	❌
commodities	❌
indices	❌
energies	❌
stocks /shares	❌
cryptocurrencies	❌
options	❌
funds	❌
ETFs	❌

Account Type/Leverage/Spread & Commission

Feature	Private Client	Corporate Client
Account Type	Private	Corporate
Leverage	Up to 1:500	Up to 1:200
EUR/USD Spread	From 0.1 pips	From 0.5 pips
Commission	Tiered, from $0.02 per side	Negotiated
Minimum Deposit	$100	$10,000
Demo Account	✔	✔
Suitable for	Individual traders prioritize cost efficiency and smaller trading volumes	Businesses and institutional clients with larger trading volumes and specific strategies

Trading Platform

deVeres online trading platform is designed to facilitate international payments for foreign exchange clients. It operates 24/5 for flexibility. Key features include live market rates for real-time price monitoring.

Deposit & Withdrawal

deVere offers a Regular International payment service designed for individuals with the need to send a fixed amount overseas regularly. The service is optimized for regular transfers ranging between £500 and £10,000 per month over a minimum period of 6 months.

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Warning: Low score, please stay away! 5

Previous Detection : 2024-12-24

This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Absconded list. Please be aware of the risk!

United KingdomFCA (license number: 613238) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

2 pieces of exposure in total

Pyramid scheme complaint

Expose

Others

The website of deVere is disabled,all clients’ withdrawal being unavailable.

The website of deVere is disabled,all clients’ withdrawal being unavailable.The website of deVere is disabled,all clients’ withdrawal being unavailable.

Diamonds 

2019-04-13 17:35

Unable to Withdraw

deVere is running away

At the end of December, I was unable to withdraw money. Now 3-4 months have passed, the platform website can't be logged in. MT4 doesn't show the platform name. It disappears without any reason. At that time, the boss said that the money could be withdrawn in April, now in April, they should be on the run

PINGFAN87970

2019-03-31 06:02

deVere · Company summary

Note: deVere's official website: https://www.devere-fx.com is currently inaccessible normal.

deVereReview Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	FCA (Revoked), VFSC (Suspicious clone)
Market Instruments	Forex
Demo Account	✅
Leverage	Up to 1:500
EUR/USD Spread	From 0.1 pips
Trading Platform	deVeres online trading platform
Min Deposit	$100
Customer Support	Phone: 971 4 383 6000, +971 55 591 7033
Customer Support	Email: csvglobal@devere-group.com

deVere, founded in 2002 in the United States, is an unregulated global financial advisory and trading platform. It mainly offers forex trading.

Pros and Cons

Pros	Cons
/	No regulation
	Unavailable Website
	Limited trading instruments
	No MT4/5

Is deVere legit or a scam?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Regulatory Status
	United Kingdom	deVere Foreign Exchange Limited	Payment License	613238	Revoked
	Vanuatu	EightCap Global Ltd	Retail Forex License	40377	Suspicious Clone

What Can I Trade on deVere?

Trading Asset	Available
forex	✔
metals	❌
commodities	❌
indices	❌
energies	❌
stocks /shares	❌
cryptocurrencies	❌
options	❌
funds	❌
ETFs	❌

Account Type/Leverage/Spread & Commission

Feature	Private Client	Corporate Client
Account Type	Private	Corporate
Leverage	Up to 1:500	Up to 1:200
EUR/USD Spread	From 0.1 pips	From 0.5 pips
Commission	Tiered, from $0.02 per side	Negotiated
Minimum Deposit	$100	$10,000
Demo Account	✔	✔
Suitable for	Individual traders prioritize cost efficiency and smaller trading volumes	Businesses and institutional clients with larger trading volumes and specific strategies

Trading Platform

Deposit & Withdrawal

User Reviews

User comment

Comments

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FX1596568967

more than one year

I've been facing withdrawal issues since the end of October, and it's been dragging on for two months now. The platform's website is inaccessible, and MT4 doesn't even display the platform name anymore. It's all vanished without a trace. Initially, the company assured me that withdrawals would be processed by January 2024, but it seems like they've disappeared altogether.

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2024-01-11 20:39