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No valid regulatory information, please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
|Cloud FX Trade Review Summary in 10 Points|
|Registered Country/Region||United States|
|Market Instruments||Forex, Indices, Commodities, Shares and CFDs|
|EUR/USD Spread||From 1 pip (Bronze)|
Cloud FX Trade is an offshore online trading broker owned by Cloud FX Trade LTD and located at Nevada state, Reno, Nevada, USA & Vanuatu.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
|• Wide range of trading instruments||• No valid regulation|
|• Various account types||• Unavailable website|
|• Flexible leverage options||• Report of unable to withdraw|
|• Tight spreads||• High minimum deposit|
|• No MT4/5|
|• Only email support|
|• Lack of transparency|
There are many alternative brokers to Cloud FX Trade depending on the specific needs and preferences of the trader. Some popular options include:
NAGA - provides a comprehensive social trading platform with a range of features, making it suitable for both beginner and experienced traders.
Key Way Investments - offers a wide range of trading instruments and account types, catering to the diverse needs of traders, along with a strong emphasis on education and support.
TeraFX - offers competitive spreads, multiple trading platforms, and a variety of trading tools, making it a suitable choice for traders looking for a reliable and feature-rich trading experience.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Based on the information available, the lack of valid regulation and the unavailability of the website for Cloud FX Trade raise significant concerns about its legitimacy and safety as a trading platform. The absence of regulatory oversight means that there is no authority ensuring compliance with industry standards and investor protection measures. It is important to exercise caution and avoid trading with unregulated brokers as they may pose a higher risk of potential scams or fraudulent activities.
Cloud FX Trade provides investors with a diverse range of financial instruments to trade, including Forex, Indices, Commodities, Shares, and CFDs. The availability of these instruments allows traders to access various global markets and take advantage of opportunities in different asset classes. Forex trading enables investors to participate in the foreign exchange market, while Indices provide exposure to the performance of specific stock market indices.
Commodities allow traders to speculate on the prices of commodities like gold, oil, or agricultural products. Shares offer the opportunity to invest in individual company stocks, and CFDs provide flexibility to trade various underlying assets without owning them outright.
There are three kinds of account types for investors to choose from at Cloud FX Trade: Bronze, Silver, and Gold. These account types are designed to cater to different trading needs and investment levels.
The Bronze account requires a minimum deposit of €500, making it an accessible option for traders who are just starting out or prefer to trade with smaller capital.
The Silver account, with a minimum deposit requirement of €5,000, offers enhanced features and benefits, appealing to traders with more experience and a larger investment capacity.
For those seeking premium services and exclusive perks, the Gold account, with a minimum deposit of €25,000, provides a comprehensive trading environment with additional advantages.
Cloud FX Trade offers flexible leverage options to suit the varying risk preferences and trading strategies of its clients. The leverage available depends on the chosen account type. For the Bronze account, traders can access leverage of up to 1:500, providing them with the potential for amplified gains or losses. The Silver account offers a leverage of up to 1:400, striking a balance between risk and reward. For those who opt for the Gold account, the leverage is set at up to 1:300, allowing for more controlled exposure to the markets.
The availability of different leverage levels enables traders to tailor their positions and manage their risk according to their individual preferences and trading styles. It's important for traders to understand the potential implications of leverage and use it responsibly in their trading activities.
Cloud FX Trade offers competitive spreads across its different account types, catering to the varying needs of traders. For forex trading, the spreads on the Bronze account start from 1 pip, providing traders with a relatively tight pricing. On the Gold account, the spreads start from 0 pips, offering traders the potential for even tighter pricing and lower transaction costs. The Silver account, on the other hand, features fixed spreads, providing traders with greater certainty and transparency in their trading costs.
Unfortunately, there is no available information regarding commissions charged by Cloud FX Trade. Traders are advised to review the terms and conditions or contact the broker directly for more details on any applicable commissions.
Below is a comparison table about spreads and commissions charged by different brokers:
|Cloud FX Trade||1 pip (Bronze)||No information available|
|NAGA||0.2 pips||No commission|
|Key Way Investments||2.3 pips||No commission|
|TeraFX||1.5 pips||No commission|
Please note that the information provided is subject to change and may vary depending on market conditions and account types. It's always recommended to verify the latest spread and commission details directly with the brokers before making any trading decisions.
There is only a TradingView chart on the Dashboard of Cloud FX Trade, which allows traders to access real-time market data, analyze charts, and implement technical analysis tools.
However, Cloud FX Trade does not offer popular trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely used and preferred by many traders for their extensive features and capabilities. Traders who are accustomed to using MT4 or MT5 may find the absence of these platforms limiting in terms of advanced trading functionalities, automated trading systems, and a wide range of available indicators and expert advisors.
See the trading platform comparison table below:
|Cloud FX Trade||TradingView|
|NAGA||NAGA WebTrader, NAGA App|
|Key Way Investments||MT4, WebTrader|
If clients have any questions or concerns, please email at firstname.lastname@example.org for consultation. However, the availability and responsiveness of their customer service cannot be assessed in detail since the website is currently unavailable.
As a potential client, it is advisable to consider the level of customer support provided by the company, including response times and the availability of alternative communication channels, to ensure a satisfactory and efficient support experience.
On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Based on the available information, it is important to note that Cloud FX Trade lacks valid regulation and its website is currently unavailable. This raises concerns about the safety and legitimacy of the platform. Additionally, there have been reports of issues with withdrawals. Traders should exercise caution and thoroughly assess the risks before considering any involvement with Cloud FX Trade. It is advisable to seek regulated and reputable trading platforms that prioritize the security and well-being of their clients.
|Q 1:||Is Cloud FX Trade regulated？|
|A 1:||No. It has been verified that this broker currently has no valid regulation.|
|Q 2:||Does Cloud FX Trade offer the industry leading MT4 & MT5？|
|A 2:||No. There is only a TradingView chart on the Dashboard of Cloud FX Trade.|
|Q 3:||What is the minimum deposit for Cloud FX Trade？|
|A 3:||The minimum initial deposit to open an account is €500.|
|Q 4:||Is Cloud FX Trade a good broker for beginners？|
|A 4:||No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high minimum deposit requirement.|
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