CloudFXTrade Forex broker is another case of unlicensed broker giving a slew of big promises and boasts. As usual our review takes an in-depth look at the features the broker (cloudfxtrade.com) allegedly offers.The  review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Cloud FX Trade .

Cloud FX Trade Trading Platform

We could not find any discernible mention of a trading platform or trading conditions. It is safe to say this broker has none

Do You Know You Could Get Back Your Money If You Have Been Scammed?   Great News! Click HERE to Get Started

Cloud FX Trade Account Types

In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea how a broker might work.

After checking, we discovered that this broker has six account types

Cloud FX Trade Deposit and Withdrawal Methods

Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.

The payment section only provides a bitcoin address for funding. We do not advise you to send any funds to them as transactions with bitcoin are hard if not impossible to trace or reverse.

Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.

Is Cloud FX Trade Licensed?

Licensing is another important part because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates said brokerage.

In checking the license status of this broker, we had to check several regulatory bodies. We checked the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others. At the end of our search, we didn’t find any licensing information concerning this broker.

To Know if a body licensed a broker. Traders should check regulatory bodies such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others.

Trade with TOP RATED BROKERS Instead



Accounts

Free Trial

Projects

SSL

S

Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

TOP CHOICE BY TRADERS

Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:300

BEGINNER FRIENDLY

Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

WordPress Pricing Table Plugin

Brokers have different modes of operation, notwithstanding there is still a rhyme and reason to their actions. Most Unlicensed brokers lack this reason to their actions, Brokers like GlobalspotBitSendAmelokVertex247Investotrades.

Conclusion

In fact checking this broker, we found that many of its claims were false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we lead to loss of your funds.

By admin

One thought on “Cloud FX Trade Review: (cloudfxtrade.com)Scam? Find out from experts”
  1. Avantex market Capitals trade are real scammers. I could never have imagined falling for the persuasion of such scammers, but it happened. I transferred almost $10,000 to their fake trading account in my name, to my greatest surprise, I was able to contact a hacker, [email protected] to help me retrieve my money back from the scammer which was successfully refunded back to me, I’m thankful to the recovery expert and the organization for helping me recover my money back with no more stress. I guess someone might find this information useful.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!