Regardless of whether Stocks International accepts customers from Dubai, we highly recommend steering clear of it due to its status as an unregulated trading platform.
Stocks International does not provide any information about its regulatory status or company details. This lack of openness is a warning sign of potential fraudulent activities.
It provides a UK phone number as its customer service hotline on its website, implying a possible UK office. However, our search for this platform on the Financial Conduct Authority (FCA) register found no corresponding results, which is a cause for concern.
Moreover, the Federal Financial Supervisory Authority (BaFin) has issued a warning about Stocks International and its offerings. It suspects that the unidentified operators of the website stocksint.com/de are providing financial and investment services without the necessary authorisation.
Stocks International seems to be a fraudulent operation. Allowing it to handle investors' funds is extremely risky, as there are no legal safeguards to protect these funds. To minimize such risks, investors are advised to steer clear of unlicensed trading platforms like Stocks International and instead choose fully regulated ones.
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