THOMPSON & DAVIES ASSOCIATES LLP has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.thompsondaviesassoc.com.
The hidden fees at THOMPSON & DAVIES ASSOCIATES LLP are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Social trading features|Good analytical tools|Competitive fees|Low minimum deposit
Cons: Some tools only available on higher tiers
The so-called education at THOMPSON & DAVIES ASSOCIATES LLP is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for just over a year thinking they would help me learn.
Pros: Economic calendar|Automated trading options
Cons: No live chat on mobile
THOMPSON & DAVIES ASSOCIATES LLP advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Fast support response|Real-time alerts|High security standards|No hidden fees
Cons: No dark mode on mobile
After doing some research AFTER the fact (I know, I should have done this first), I discovered that THOMPSON & DAVIES ASSOCIATES LLP is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The reporting at THOMPSON & DAVIES ASSOCIATES LLP is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Educational resources|Multi-device support|Economic calendar|Detailed reporting
Cons: Slow to add new assets
THOMPSON & DAVIES ASSOCIATES LLP changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Real-time alerts|Copy trading available|Good analytical tools
Cons: Live chat only during business hours
Do not use THOMPSON & DAVIES ASSOCIATES LLP for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Market news feed|Transparent fees|Risk management tools
Cons: Limited cryptocurrency options
For anyone considering THOMPSON & DAVIES ASSOCIATES LLP, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
I gave THOMPSON & DAVIES ASSOCIATES LLP a fair chance. After for about eight months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Comprehensive tools|Helpful community forum
Cons: Mobile app could be improved|Nothing significant
THOMPSON & DAVIES ASSOCIATES LLP has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Economic calendar|Helpful community forum|No hidden fees|Tax reports included
Cons: No live chat on mobile