Cloudfxcoin.com deals in the area of Forex and CFDs trading. The broker claims that their firm is registered as Cloudfxcoin ltd and is operating under Maltese and European regulations.

Unfortunately, this broker’s website is full of red flags and we ask you not to transact with Cloudfxcoin in any shape or form.

If you are a victim of their scam, there’s a possibility that you can recover your lost funds. Just visit this page and fill out a special complaints form.

Is Cloudfxcoin a scam broker?

Yes this broker is certainly a scam. They even provide a wrong US address on their website while forgetting that they have stated that the company operates from Malta and in Europe.

Cloudfxcoin.com also provides a fake social copy trading platform that you should be wary about.

Also, the website of this broker is very new as they first appeared online in March 2023.

5 Reasons why Cloudfxcoin.com is a scam

These are 5 reasons why this broker is suspicious and not worth your time and investment.

1)Not a regulated broker

Cloudfxcoin.com lies on the website that they’re multi-regulated. Some of the financial watchdogs that they claim association with include FCA (see this warning), CySEC, FSC and FSCA.

We have found that none of these regulators have authorized the broker and brand to provide financial services to citizens of their respective countries.

2)Using fake copy trading to lure new traders

Cloudfxcoin provides investment plans and portrays numbers besides them to depict overnight profitability.

One of the investment plans suggests that it has over 1800 investors and the plan is paying over 3000% ROI.

This is obviously a white lie that Cloudfxcoin uses to lure the financially unsophisticated before the scammers can steal their deposit.

3)No reviews of Cloudfxcoin anywhere on the internet

Personal reviews of this broker don’t exist anywhere on the internet and this shows that the broker is very new.

However, to make it into the FCA regulator’s warning list, it simply means the platform has started to become popular and there could be a few victims of their scam here and there.

We don’t encourage utilizing the services of a broker with zero reputation.

4)Fake awards

The broker has listed a number of fake awards on their website which they allegedly won.

Some of those badges represent names of fake award events. Furthermore, those badges are unclickable. This shows to what extent Cloudfxcoin intends to lie to its victims.

5)No known address for Cloudfxcoin

The US address is fake or we can say the firm does not have any known address that can be verified.

The risk of getting scammed is too high as the UK regulator puts it.

Ask yourself why the broker is hiding these details if at all they’re legitimate.

Conclusion of the Cloudfxcoin broker review

This broker is deceiving traders and investors using a cleverly designed website that contains lies in the marketing material.

Trust this broker at your own risk. As at now, they’ve failed the credibility test. There’s nothing on their website that suggests that Cloudfxcoin can be trusted.

Thanks for reading this review. Spare a minute and provide your personal reviews and opinion in the comment section.