CFDStocks is an unlicensed binary options broker that opened in 2016. They cater to clients who speak English, German and Spanish.
Scam Trading Robots
You saw the video from Dubai Lifestyle App, but didn’t realize that the software is a scam!
The truth is, that most automated trading systems are simply Get Rich Quick scams.
If you want to see real automated trading robots, go look here.
CFDStocks gives their traders the very popular SpotOption software for binary options like many brokers. You will access to standard binary options with returns as high as 85%. Traders can also use the 60 second, 90 second, 2 minute, 3 minute, and 5 minutes options for high speed day trading. There are more than 180 assets available for trading including Pairs Options, Ladders Options, Forex Options, One Touch Binary, Long Term Options, and Options on popular commodities like Oil, Gold and Platinum.
New account have a minimum deposit requirement of probably $250.
Managed Accounts Scam
Trading binary options is something people do by themselves. There are no mutual funds or hedge fund that trade in binary options. Novice traders sometime get confused and think their broker is there to trade their account and make money for them.
If you are thinking about using a managed account for binary options, make sure you first read the article about Managed Accounts here.
In regards to a free money bonus, CFDStocks will offer you “risk free” bonus money.
The bonus is the reason for 90% of complaints you will see about many brokers in the Binary Options Forum. Free money from a broker comes with terms and conditions that must be met before you can dream of withdrawing your initial deposit or profits. At CFDStocks, the minimum trading volume requirement is 30 times your deposit + bonus amount.
CFDStocks No License
When serious investors research a new binary options broker, they are always looking for a local and licensed broker. Large first world countries have financial regulatory agencies, that ensure the broker is legitimate. ASIC in Australia, FSB in South African, CySEC in Europe, CFTC in the United States and MAS in Singapore for example.
CFDStocks lists an address in England, however when you read their terms and conditions page you will see that they are located in Saint Vincent.
They do not have a license from any of the above mentioned agencies. You can see all licensed brokers listed here.
Address: 306 Suite, Griffth Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, Saint Vincent. Pacfic Sunrise UK LTD 18 king William Street, London, Greater London EC4N 7BP United Kingdom. Phone Number; United Kingdom: +44 203 807 2167, Australia: +61 39 021 2441. Email: [email protected], Website: www.CFDStocks.com