CFDStocks Review

Is CFDStocks Scam or Legit Broker?

CFDStocks is not a safe broker. CFDStocks states that its address is in London UK. It also provides several phone lines including New Zeland, Norway, and Austria in addition to multilingual offerings through the website. However, the financial service broker of investment firms incorporated in the UK in order to be fully legal should be licensed by the local authority FCA (Financial Conduct Authority). Yet, this is not the case with CFDStocks.

What is CFDStocks?

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.

• 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.”

ASIC, Australia. September 2017.

CFDStocks Review Conclusion

The traders are advised to take it seriously while choosing the trading broker, and to choose among regulated companies ASIC regulated brokers or similar. Otherwise, investment and trading turn into very risky business that might cause loss of capital. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and XM.

CFDStocks Update

Our research revealed that the CFDStocks website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.