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• Our Review Method

• Is CFDStocks Scam or Legit Broker?

• What is CFDStocks?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding CFDStocks due to the issues we've identified.

Is CFDStocks Scam or Legit Broker? ▲

Upon in-depth analysis, it has become evident that CFDStocks does not present itself as a trustworthy brokerage firm. CFDStocks claims to have its base in London, UK, and promotes its services through several contact numbers, including those for New Zealand, Norway, and Austria, along with a multilingual website. However, for a financial service provider or brokerage firm to operate legitimately within the UK, obtaining a license from the Financial Conduct Authority (FCA) is mandatory. Regrettably, CFDStocks fails to meet this crucial requirement, indicating that it operates without the necessary legal endorsement.

What is CFDStocks? ▲

CFDStocks operates under the umbrella of Pacific Sunrise UK Ltd, a company that has launched other trading brands such as Aaoption. This entity offers trading in CFD Stocks, Binary Options, and additional financial instruments. Despite its offerings, the brokerage has encountered legal obstacles, notably its unauthorized service provision in various regions, including Australia and parts of Asia. The Australian regulatory body, ASIC, issued a warning against engaging with Pacific Sunrise UK Ltd or CFDStocks, also referred to as Aaoption. The warning, issued in September 2017, highlighted the absence of a valid Australian Financial Services (AFS) license or Australian Credit license from ASIC, suggesting potential involvement in fraudulent activities.

Pros ▲

• There does not appear to be any positive aspect that could outweigh the significant legal and operational concerns associated with CFDStocks.

Cons ▲

• Lack of Regulation: The absence of a license from a reputable authority such as the FCA in the UK or ASIC in Australia raises serious concerns about the legitimacy and safety of trading with CFDStocks.

• Warning from Regulatory Bodies: The explicit warning from ASIC, advising against any dealings with CFDStocks due to suspicions of scam activities, further undermines any potential trust in this broker.

• Inactive Website: The discovery that the CFDStocks website is no longer operational is indicative of the broker ceasing its trading services, which does not inspire confidence in its reliability or longevity.

• Limited Information: The scarce details available about the broker’s trading conditions, fees, spreads, and commissions prevent a comprehensive understanding of what traders might expect.

Conclusion ▲

In conclusion, traders should exercise extreme caution when selecting a brokerage firm for their trading needs. It is imperative to opt for brokers that are regulated by esteemed authorities such as the ASIC in Australia or the FCA in the UK. Engaging with unregulated brokers like CFDStocks poses a high risk and could potentially lead to the loss of capital. It is advisable for traders to consider well-regulated brokers with a transparent and longstanding reputation in the industry. Based on our extensive research involving over 1000 brokers, and given the multitude of concerns surrounding CFDStocks, including its lack of regulation, warnings from regulatory bodies, and an inactive website, we strongly recommend avoiding CFDStocks and remaining vigilant against any offers or propositions from this entity.