Is Stocks Financials licensed by CySec? stocksfin.com

By Anonymous, from Nigeria, February 7, 2021 at 09:41 PM

Is the above named broker licence by CySec?

Answer: Hi Anonymous,

Stocks Financials is a stock market and crypto broker that claims to be located in the UK and licensed by CySEC. The broker even provides the license number, however, this number is NOT listed in the regulator’s register and seems like it is not licensed at all.

We would recommend to avoid Stocks Financials and other unregulated brokers. The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams.

If you are looking for a reliable broker, check our list of the Regulated Brokers to find the one that fits you.

 

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