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.
I was about to invest with THOMPSON & DAVIES ASSOCIATES LLP but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
THOMPSON & DAVIES ASSOCIATES LLP seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Customizable dashboard|Fast support response|Multiple order types
Cons: No integrated tax optimization|Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to THOMPSON & DAVIES ASSOCIATES LLP. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Demo account available|Professional team
Cons: Email notifications too frequent|No phone support on weekends
THOMPSON & DAVIES ASSOCIATES LLP offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Clean UI|Detailed reporting|Wide product range|Fast support response
Cons: Help articles are sometimes vague|Minor UI glitches occasionally