Reason to avoid: No License
Listed Date: November 22, 2018
Top 3 Regulated Forex Brokers
Beware CFDStocks is a Non-Licensed Broker. It is NOT SAFE to trade.
- Company name:
Pacific Sunrise UK Ltd. CFDStocks. Aaoption
- Registration Address/ License:
UK, London. No License, No Regulation.
CFDStocks is a brand name used by the Pacific Sunrise UK Ltd company, also known to operate other names Aaoption that offers CFD Stocks trading, as well as Binary Options and other instruments.
CFDStocks states their address in London UK, as well serve several phone lines including New Zeland, Norway and Austria in addition to multilingual offering through the website. However, the financial service broker of investment firm incorporated in the UK in order to be fully legal should be licensed by the local authority FCA (Financial Conduct Authority). In fact, CFDStocks does not hold a particular license or any other, therefore the firm considered an illegal entity which is not authorized to offer its service.
Apart from the legal issue, the broker was caught by offering its service in other jurisdictions that also includes Australia, Asia regions and more. The firm was warned by the Australian authority ASIC and listed as a company to avoid since the firm might be involved in a scam.
“The business listed below Pacific Sunrise UK Ltd, or CFDStocks also known Aaoption has made unsolicited calls or sent emails about investing, financial advice, credit or loans. The company does not hold a current Australian Financial Services (AFS) license or an Australian Credit license from ASIC. ASIC advises this company could be involved in a scam. Do not deal with this business as it is unlicensed.”
The traders are advised to take it seriously while choosing the trading broker, and to choose among regulated companies ASIC regulated brokers or similar, as they comply with international laws and delivery of financial service. Otherwise, investment and trading turn into very risky business that might cause loss of capital.