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CfdStocks Review
Traders Rating19 Votes1.05
Website: https://www.cfdstocks.com
Address: Fernhills House, Todd Street, Bury, Gtr Manchester, England, BL9 5BJ
Phone: 02033322930 02038072167 02036709909 02036709880 02034559628 +6499402705 +4721984420 +4313469999007
Email: support@cfdstocks.com - jordan.k@cfdstocks.com
Company: Pacific Sunrise UK Ltd
Company Address: 18 King William Street, London EC4N 7BP United Kingdom
Regulation: Not Regulated
Have You Been Scammed by CfdStocks?

 

 

Warning

 

Austria’s Financial Market Authority (FMA), Belgium’s Financial Services and Markets Authority (FSMA) and the Australian Securities & Investments Commission (ASIC) have all issued warnings against CFDStocks for “selling” services it cannot actually provide as described on its website. ASIC advises that CFDStocks may be a scam.

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Britain’s Financial Conduct Authority (FCA) warns investors that even though CFD Stocks operates out of a London address, is not authorized to provide investment services in the United Kingdom.

 

Background

 

Founded in 2016, CFDStocks calls itself “today’s leading binary options trading platform.” It is operated by Pacific Sunrise UK LTD, located at 18 King William Street, London EC4N 7BP, England. The telephone number in the UK is +44-20-3332 2930. Additional telephones are +61-29-0561088 in Australia, +4313469999007 in Austria, +4721984420 in Norway, and +6499402705 in New Zealand. The e-mail address is support@cfdStocks.com.

 

The last clause on the bottom of the terms and conditions page, however, specifies that they are “governed by and construed in accordance with the laws of the St. Vincent and the Grenadines,” which tends to indicate that the company, in fact, is incorporated there. St. Vincent and the Grenadines is often considered a tax haven with a weak financial regulatory infrastructure.

 

ASIC states that Pacific Sunrise UK Ltd. has also operated a similar site known as AAOption.

 

Trading Platform

 

CFDStocks had been using the very popular SpotOption software for binary options, like many other brokers. Recently, however, it reportedly moved to a new platform.

Traders can use the 60 second, 90 second, two minute, three minute, and five minute options for high-speed day trading. A mobile application for Android can be downloaded.

The web site is available in English, French, German, Russian, Spanish, and Arabic.

 

Trading Conditions

 

Four account categories are available:

 

  • Mini, for traders investing as little as $200
  • Silver, which provides an additional 2% return on every trade
  • Gold, which provides an additional 3% return on every trade
  • Platinum, which provides an additional 4% return on every trade

 

There are more than 200 assets available for trading, including pairs, ladders, forex, bitcoin, one-touch binary options, long-term options, and options on popular commodities like oil, corn, gold, copper, and platinum. Indices include the Bolsa de Madrid’s IBEX and the Dubai Financial Market General Index. Examples of the stocks are Exxon and Alibaba. Returns are reported to be as high as 85%.

CFDStocks offers investors “risk free” bonuses. The company’s terms and conditions, however, require an investor to reach a minimum trading volume that is 30 times his or her deposit, plus the bonus before withdrawal of funds can be approved.

Payments may be made using Visa, Visa Electron, MasterCard, Maestro (3D Secure is required for authorization), Delta, Diners, Discover, Solo, and Switch charge cards, as well as wire transfers and more than 20 e-wallets.

Client funds are held in segregated accounts. Funds are used only for trading options executed on the website in concert with the client’s instructions and are never used for any other purpose. The company’s liabilities and exposures are handled by professionals and it guarantees payouts of profits “based on our terms.”

 

Education

 

The company’s educational materials are spread out over different drop down menu items. It is limited to a few recent news articles, a short glossary and an FAQ page. Other items were missing when we visited.

 

Support

 

The CFDStocks support team is available five days a week from 5:00 AM to 11:00 PM GMT and can be contacted by telephone or email.

 

Licensing

 

CFDStocks is not a registered brokerage.

 

 

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Online Trading Scams / 2 Responses / by

Post Author: ScamRecovery

2 thoughts on “CfdStocks Review

  • annelie

    (December 30, 2018 - 3:48 pm)

    Good evening. I invested $550 with CFD stocks in Nov 2016. It became $4132, but I could not invest more and asked to withdraw it, but then nobody answered my emails and I could not login to my account anymore. Is this too far in the past for you to help me?
    I lost $12 250 with binarybooks too, but Birman law could not recover that ( also in 2016).

  • Martin

    (January 22, 2020 - 10:50 am)

    Hi I received a phone call from a broker in 2016 from CFD stocks encouraging me to buy stocks. I lodged €3000 from my credit card & have tried contacting them on numerous occasions trying to get my money back but to no avail. Can you help me please.
    Thanks
    Martin

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