The Spanish regulator CNMV added DECFIN into the unregistered firm alert The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=DECFIN

BrokersView has reviewed that DECFIN is an unregulated forex broker DECFIN makes messy and confusing statements on its website, a new site created just a few months ago in March. Firstly, according to its Terms of service agreement, DECFIN states that its services are provided by wbfx.io in the first line, whilst it changes its parlance in the third paragraph where it says its services are provieded by the limexclub.com. After going through these contradictory claims, BrokersView deems that this broker resembles a newly created hybrid of wbfx.io and the limexclub.com, which is already a big red flag. By the way, both wbfx.io and the limexclub.com are not legitimate. Secondly, DECFIN claims to be operated by FENIX GROUP LLC, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. Besides, DECFIN states that it is controlled by the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Supervisory Authority (FSA). In fact, however, the regulator of UK is the Financial Conduct Authority (FCA) rather than the so-called FSA. And of course we didn’t find any regulation of DECFIN from CySEC and FCA. So DECFIN is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

BrokersView has found that DECFIN is not working BrokersView found the domain https://decfin.io is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Do you have information about DECFIN? I wanna know its forex trading details, such as spread, leverage, commission, trading soft-wares, payment methods, etc. DECFIN is NOT a legitimate broker and should be avoided at all events. DECFIN claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Supervisory Authority (FSA) without providing relevant details about its regulation. We keep on reminding our readers that the lack of information (or false information) about the broker's regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Besides, the financial regulator in the UK is Financial Conduct Authority (FCA) rather than the alleged FSA. The truth is, we didn't find any information about its regulation from FCA and CySEC. So currently DECFIN is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. What's worse, the Spanish regulator CNMV has added DECFIN into the unregistered firm alert and warned the public that the firm is not authorised to provide the investment services in the country. You can check full warning from CNMV on DECFIN here. Our final verdict is that DECFIN is thoroughly a scam and we would recommend you to avoid unregulated brokers like DECFIN and choose properly regulated brokers. View Source