Is CFDs100 a scam or legit broker?

No, it is not safe to trade with CFDs100. It is owned and operated by CCLR Solutions Limited and claims to be located in Tallinn, Estonia.

CFDs100 offers clients across the globe an opportunity to invest in over 1,000 world-class assets including forex, stocks, commodities, indices and cryptocurrencies.​

According to the website, the Company is registered in Estonia under the Companies Law, with the registered office in Tallinn. However, the broker is not authorized to provide its financial services in Estonia or any other EU country.

Also, the terms and conditions mention that CFDs100 is actually under the jurisdiction of Vanuatu. Vanuatu is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as IC Finance, 70 Trades and more.

Moreover, the Estonian Financial Supervision Authority has issued a warning against the company in August 2018:

“Finantsinspektsioon (the Estonian Financial Supervisory Authority) would like to inform clients and investors that TRSystem OÜ (registry code 14468050) does not hold an activity licence for the provision of investment services in Estonia and therefore TRSystem OÜ is not authorised to provide investment services in Estonia. The company offers the possibility to trade different derivatives through web page https://www.cfds100.com/.”

Also, the brokerage has been blacklisted by the UK’s Financial Conduct Authority:

“This firm (TRSystem t/a CFDS100) is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”

Recently, Austrian regulator Financial Markets Authority (FMA) has issued a warning against CFDs100 (CCLR Solutions Limited):

“CFDS100 LTD (CCLR Solutions Limited) is not authorised to provide banking services or investment services in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others, nor to provide investment advice.”

We advise all investors and traders to avoid CFDs100 nd other brokers from Vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and XM.com.

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