Cloud Trader Review: The Cloud Trader app promises to make at least $1,250 per day for its users. The Cloud Trader software is an auto trader that trades binary options on autopilot. We decided to investigate this software further, and we discovered that it is no different from the numerous scams we have seen.
owner of cloud trader
Matthew Shepherd is the alleged owner of Cloud Trader. The truth is that this name was just fabricated and the guy in the video has been paid by the real owners of these scam to conceal their true identity.
Table of Contents
CloudTrader Scam Exposed!!
Mathew shepherd claims that the software will make at least $1250 in profits daily for its users and he gives it out for free. first of all. There is nothing free here. You will see reasons later.
He also says that his software has never and will never lose any trade. This is certainly a lie because no software (even the best), can attain such level of accuracy, anybody promising you that is certainly a scam. What you should seek for are softwares with high average win-rate. As a matter cloud trader loses trades more than it wins. We have seen lots of complaints from people who made use of it and discover that their claims is the opposite of what you get in reality. You cannot afford to invest your money with such a software with bad reputations.
Even their live trading result, have been manipulated to end up showing wins and huge profit when it is clear they lost. They are trying to deceive unsuspecting traders.
The same trick is also seen in the demo account. Normally, demo account serves as a helpful tool for trader to test the software before investing with real money but instead of revealing the truth about the software, these scammers uses it to mislead traders. From the demo result, traders will believe that such huge profit is what they will get if they trade with real money, while in actual sense once you deposit money and start a live trading account, it would fully deplete your investment.
Also, what we get from this Cloud Trader website are fake testimonials with stock photos gotten from the internet, and fake statements of high profitability attached. They are out to deceive and defraud people with their lies.
Once these scammers have succeeded in getting you register and deposit money with their affiliated broker, the money is shared among themselves. You are now left with nothing and since they are not regulated, there is no hope for a refund.
Review Verdict
Cloud Trader is a SCAM
Conclusion
Cloud Trader app is a dangerous scam. We do not advise traders to go for it.
Trading binary options could be very profitable, only if you use legitimate softwares and tools. Run away from scams, they will lose your investments and leave you devastated. Only use systems recommended by our team of professionals.
Thanks for reading our review of Cloud Trader software. Stay safe! Fight scammers