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CFDStocks Review: Cfdstocks.com Abject Forex Scam

CFDStocks Review: Cfdstocks.com Abject Forex Scam

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CFDStocks (Cfdstocks.com) is a bullish and Crude Binary Options and Forex scam platform to hit the lucrative trading world. CFD Stocks is simply a crude broker who is out to commit Forex fraud right in front of your eyes. With a well thought out plan, CFD STOCKS is planning to steal funds deposited by members. Stay clear of them or face their wrath. For more details, read this CFDSTOCKS review.

CFDStocks Review

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CFDStocks Review

Members have been sending emails to our help desk team with disturbing details of how they are being treated. It seems this broker is calling them and asking them to make more withdraws with each passing day. And by depositing more funds, members are actually filling the pockets of this broker. What this broker is doing is breaking all set regulations and rules. By plotting to offer fake binary options services to users, this broker is openly stealing from members. Stay clear!

By visiting their website, we could see why most newbie traders fell for this trap. A well-designed website is an inviting way for scammers to trap investors. Their website is easily appealing and almost looks real. There are flaws on this website which we must expose for all to see. Their website is lacking important details such as SSL Encryption. Such websites are landmines which should be detected and exposed. Read this eye-opening review for more on this fake Binary Options signal provider.

About CFDStocks

CFDStocks is claiming to be based in the UK, this is another fake claim posted on their website. What is shocking with this broker is how they have managed to hide their identities. Who are the founding members of this platform? Why has the website failed to mention the real names of people running this website? And it seems there’s a reason why this broker is failing to give users this vital information. Simply put, we are dealing with a professional scam outfit. Stay clear of this website.

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And there’s no information regarding the company behind this company. They claim to be the world’s leading Binary Options broker, why don’t we recognize them. After asking a few other well-known trading experts, they too have never heard of this broker. These are the empty claims and promises CFDStocks is using to entice newbie investors to sign up. Signing up with this broker will without a doubt lead you to more misery. Know all the tricks used by this broker in the below well scripted details.

License and Registration of CFDStocks

Again, before signing up with any Forex investment entity, check whether they are validly licensed. No broker is going to be licensed if they are anonymous in nature. Looking at their entire website, there’s no details showing their license credentials. Does this mean we are dealing with a rogue broker? Yes, signing up with CFDStocks means you are dealing with a broker who lacks valid credentials.

Why have they failed to show their licensing and registration details? After looking up with some of the regulatory bodies such as FCA, no results popped up. A real broker will post their licensing number for all to see. What this does is creating transparency with users as well as revealing their true credentials. A broker who fails to show their licensing details is nothing but a sham. Stay clear from this broker and ignore all pleas to sign up with them. CFDStocks is simply a rotten Binary Options signal provider.

Account Funding

What we noticed with this broker is how well they have made depositing easy and fast. There are a lot of depositing options with this broker. Reason why they have made depositing available is easy. They don’t want members to have any excuses as to why they can’t deposit funds with them. Depository channels include MasterCard, Neteller, Skrill, Qiwi Wallet among others. With all these channels available, this is not a reason to sign up. CFDStocks has something up their sleeves.

When it comes to withdrawing funds, this is where the problem lies. No member has been able to withdraw funds with this broker. As it turns out, this broker fails to release funds deposited by members. Only scam professionals do such things, create a website just to steal funds from investors. Trying to reach the account managers becomes an impossible task for members. CFD Stocks is nothing but a broker out to steal your hard earned money.

CFDStocks Binary Options Review

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Web Based Trading Platform

CFDStocks is claiming to have a web based trading platform. A web based platform is ideal only when the platform is well protected. By adding a layer of Secure socket layer, a web platform will work just fine. Sadly, this broker does not secure their own website which is bad news for any trader. Their web based platform will easily leave you open to attacks from third parties. Hackers find unprotected trading websites to be easy prey for data theft especially Credit card information.

What this broker has done is open up users to hackers who will steal their identity information. CFDStocks is not the first or last broker to expose their users to hackers. By signing up with genuine and transparent Forex trading tools, you stand a chance of making real money. Why not sign up with industry sanctioned Forex trading robots? Be the next successful trader with ascribed Forex trading robots.

Security of funds with CFDStocks

Why have they failed to declare how they handle funds? Where do they bank money deposited by members? Is it possible members are depositing their funds straight to owner’s personal bank account? With an unlicensed broker, safety of funds is never a guarantee. They can easily close shop at their own time without issuing a license.

Another disturbing feature with this broker is segregation of accounts. Segregation of accounts is not followed which means this broker is openly breaking set rules and regulations. In case of bankruptcy or insolvency, this broker will lose all assets since they are stored in a single account. Pooling of funds in one account is strictly prohibited and uncalled for. Make sure to stay away from this broker and any other who shares similar characteristics. Chances are, you are dealing with a rogue broker.

Is CFDStocks a Scam?

Without a doubt in our mind, we are dealing with a rogue Binary options signal provider. CFDStocks is a scam waiting to pounce on any investor who signs up. To avoid this broker, ignore all their attempts to entice you to sign up. Why has this broker failed to give users a proper communication channel? There’s no direct communication channel such as live chat. Clearly, this broker does not want to be contacted by anyone for fear of backlash from authorities and victims.

Bottom Line

CFDStocks Broker Review

Due to the number of complaints we have received, adding this broker to our scam blacklist is inevitable. Make sure to warn your family and friends from signing up with this broker. These are simply professional scam artists who have nothing else to do.

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Finally, we wish you all the best in your Forex trading experience.

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