UK FCA warns against FX broker CFD Stocks
A few days ago UK financial regulator Financial Conduct Authority (FCA) has issued its another warning against an unregulated trading company that tries to reach out British investors and also EU residents as the websites gives you a choice among English, German, French and Spanish languages.
This warning concerns the company CFD Stocks (www.cfdstocks.com/).
The company CFD Stocks is not authorized by the FCA and also it carries on regulated activities that require authorization.
CFD Stocks is owned by Pacific Sunrise UK Ltd. CFD broker provides trading with currencies, commodities and other assets. It allegedly is based in Britain.But if you read their terms and conditions it turns out that the company is registered in Saint Vincent, which means it is one more offshore company with no license and fraudulent activity.
There are also a lot of negative reviews about this company, where investors state that they are not able to withdraw their money for months and that the company representatives are always asking for more.
It is very important to be aware and stay alert if you’re dealing with financial trading services. The best options is to go for the licensed and authorised companies under the regulators (FCA, ASIC, CySec).