Be cautious with the Turkish DegerFX broker scheme!
On 8 March 2022, the Financial Commission announced that it had approved DegerFX as a member. In our review, we found that DegerFX primarily addresses a Turkish audience. Additionally, the broker operates its platform in English. However, the boiler room seems to reside in Montenegro. DegerFX LLC, St. Vincent & The Grenadines, is the operator of the unregulated broker scheme. The broker is not authorized to operate in the UK, Europe, or other regulatory regimes. We advise staying away from unregulated offshore brokers.