ADVFN UK - be aware!

silviaic

Active member
132 3
Hi everyone,

I'm quite annoyed with ADVFN. I went for the 30 day free trial, which I forgot to cancel. Anyway, I decided that I was going to stay with them longer, but I wanted to know how to unsubscribe because I couldn't find the information throughout the website. I sent an e-mail asking how to cancel my subscriptionand this is the reply I received:

Thank you for contacting ADVFN Support

To cancel your ADVFN account you need to send your written consent via the postal system. ADVFN do require 30 days notice on all cancellations or downgrades. Please include your Username as part of this letter and address it as follows.

ADVFN PLC
Subs Dept
26 Throgmorton St
London
EC2N 2AN

Sorry for any inconvenience this may have caused.

Regards

Support Team
ADVFN Plc


I think this is ridiculous. Now I definitely decided to unsubscribe. I think this kind of business policy is awful. They've just lost a possible yearly subscription because they are greedy to get a free month when you decide to leave.

Good luck with your trading,

A quite angry Silvia.
 

Racer

Senior member
2,666 30
To cancel your ADVFN account you need to send your written consent via the postal system. ADVFN do require 30 days notice on all cancellations or downgrades. Please include your Username as part of this letter and address it as follows.
This has been going on for years! I had several threads about the problem.. they kept being locked!
Some people had extreme difficulty getting their subscription cancelled.
I used to have L2 with them, I eventually got it with my CFD provider so no longer needed it, I then downgraded my account even further and no longer subscribed to the PBB because I was so annoyed with their behaviour about the unsubscribe policy.
I thought they may have changed after all these years, but it seems not!
 

robber

Member
82 0
'losing' your credit card is a very effective way of cancelling an ADVFN subscription.

worked for me :)


Neil
 

Racer

Senior member
2,666 30
Is that still needed.. oh dear
 

FTSE in mouth

Member
95 3
If you read the T's and C's it states the procedure as does the intro email they send you AFAIR. I went through the same thing and had to bite the bullet of a month's outlay. I went to the free service and then upgraded again as my needs changed.

I agree the system is not a good one and needs updating but........

I know you are pissed off at the situation but you would have known about it had you RTM'ed.

Pete
 

silviaic

Active member
132 3
robber said:
'losing' your credit card is a very effective way of cancelling an ADVFN subscription.

worked for me :)


Neil
That's a good one :)
It still doesn't work very well for me, as I have my credit card and bank accounts in another country, and I have to pay the reposition of the credit card. With all the hassle it ends up costing me about the same...Anyway, I sent the letter, let's see how long it takes them to receive it!
Silvia.
 

Racer

Senior member
2,666 30
Did you send it recorded delivery? If you have problems then that might be an idea.. letters can get 'lost'.
 

Simoh

Junior member
18 3
Just thought I'd post my experience with ADVFN UK so that others can be forewarned. I had a subscription to their services for live prices and wished to cancel (I wanted to change supplier). I followed the instructions on the website to the letter, which involved informing them in writing only (no email or phone call permitted) giving all account and user particulars, one months notice required.

On the subscription cancellation date ADFN proceeded to charge me the subscription fees.

I phoned them up, they say they did not receive the letter; how convenient. I have not used the service since I sent the letter, and to me at least this would indicate that at that date I had the intention of not using the service. It seems likely to me that a person not using and not intending to use a service would cancel the service. Not to ADVFN. They say I can't prove I sent the letter of cancellation, therefore I didn't cancel, and refuse to refund the fee. I have now paid for a service I haven't used in 2 months. Technically I haven't got a leg to stand on, but when they can see my intent, and I have a copy of the letter I can show them (which isn't acceptable either), is it good customer service? Definitely not.

Conclusion: When dealing with ADFN treat them as you would any bad/dodgy/recalcitrant company. Make sure you send the letter registered post so that you can prove you have given them written notice; Otherwise they will just keep taking your money.

Simon
 

Racer

Senior member
2,666 30
Yes that is what happened a few years ago, hence my warning about letters getting 'lost' and make sure you send it recorded.
A mishap with the card might be an idea!
 

ivorm

Well-known member
293 1
Just to add my name to the list of unhappy customers of ADVFN.

I tried to cancel my subscription to one of their services (I can't remember which one exactly). I followed all their instructions but they kepy debiting my credit card. In the end, I got the credit card company to sort it out for me. They suspended any further payments and got my money refunded - well done Barclaycard !!,

When you hear that many people have had the same problem with ADVFN, then you should hear alarm bells ringing. They would seem to be a dodgy company and one besty avoided.
 

trendie

Legendary member
6,213 1,000
as with all things financial, get your credit card company or bank on your side.

If you are paying by credit card, phone your credit card company, and inform them you wish to cancel.
if you are paying by direct debit or through your bank, tell them to cancel any subscription.

this way, YOU take control of the situation, rather than relying on advfn, or any other company to do the decent thing.

re: proof of posting. you can get a "certificate of posting" from the post-office. cost ZERO. the post office records the date and address the letter is going to, stamps it with PO stamp, and you have your certificate.

(admittedly, you dont know in advance who is going to mess you around)

hope this helps for future situations. :)
 

Denny

Member
52 1
Advfn

I have never been a member of ADVFN mainly because of all the adverse publicity I have heard here and elsewhere. However surely if you set up payment by direct debit, rather than through your credit cards, then you can cancel the direct debit when you like. I am with Nationwide and I can cancel a direct debit within a few seconds online.
 

Similar threads


AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock