CFDStocks is an unlicensed broker for binary options trading that has been operating since 2016. They use an online based trading platform and also have a mobile App on Android.
Broker Quick Facts
|Broker Type:||Binary Options & Forex|
To review CFDStocks we first looked at the software they’re using. This broker uses the SpotOption trading software, which is very common on many sites. The reason this is a popular trading platform popular with many brokers, is that it allows multiple trading methods of options and assets.
You can easily find Classic Binary Options, Pairs, Ladders, and Short Term, which has 30, 60, 80, 180, and 300 second expiry times. As well as Long Term, with expiry times of even 1 year in advance and One Touch. These different option formats are used to trade over 200 assets. Included, are Currencies, such as the GBP, EUR and the Bitcoin. Commodities, like Copper and Corn. Indexes, for example IBEX and DUBAI, and Stocks such as Exxon and Alibaba.
Forex and CFD trading has become the new hype, because it allows you to buy leverage. This can be in the ratio 1:150 and even 1:500, this in turn, generates greater profit potential. Naturally, these are available from this broker as their name “CFDStocks” implies.
CFDStocks has a unique features called “Follow”, which allows you see which other traders are being successful. This gives you the ability to copy their trades and try to profit like them.
Customers of CFDStocks are provided with educational material when they open an account. They provide this information with online courses, video tutorials and E-books. Although opening an account is free, one needs to deposit a minimum of $250 in order to trade. Once you make your deposit you can place trades for even $5.
This is a multi-lingual company, and their site is available in these languages: English, German, French, Spanish, Russian and Arabic.
The company’s customer support is only available during business hours: Monday – Thursday 5AM to 11PM (GMT).
Mobile Apps, Signal and Automated Robots
Caution! Many people are brought to Binary Options trading through automated trading robots hoping to generate easy money while doing nothing. However, many of these robots are not only useless, they’ll help you lose all your money in a short amount of time.
If you want to see a popular automated robot, go look at: http://AutomatedBinary.com.
CFDStocks has an App available for Android on Google Play. It’s also linked to many automated trading robots, that use market signals to decide what trades to make.
People very often have difficulties with Binary Options Brokers when it comes to withdrawal procedures. Therefore, we strongly emphasize the need to our readers to carefully review a brokers Terms and Conditions. And to verify what requirements are necessary. Many times there are strings attached to bonuses that were received.
License and Regulation
A binary options broker is a financial service provider, as such, most governmental regulators issue special licenses to operate this type of business. For example, this can be the MAS in Singapore, the FSB in South Africa and SySEC in Cyprus, to name a few.
As of this writing, CFDStocks does not have a regulatory license.
You would be doing yourself a favor in looking here at our list of licensed brokers.
As with any service or product, it always pays to compare your options. Have a look at these other brokers who provide binary option trading.
The CFDStocks binary broker website is operated by Pacfic Sunrise UK LTD. Their address is: 18 king William Street, London, Greater London EC4N 7BP United Kingdom
Phone Numbers: United Kingdom: +44 203 807 2167, Austria: +43 720 775 905, Australia: +61 39 021 2441. Email: [email protected], Website: www.CFDStocks.com