CLOUDFXCOIN Review : Fees, Pros and Cons, Reviews by Real Traders

CLOUDFXCOIN

Operating status: SCAM

Website: https://www.cloudfxcoin.com/

Broker violations and abnormal records

May 11, 2023 The UK regulator FCA issued a warning against CLOUDFXCOIN
On May 12, 2023, the Financial Conduct Authority (FCA) issued a warning against CLOUDFXCOIN, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/cloudfxcoin

On May 12, 2023, the Financial Conduct Authority (FCA) issued a warning against CLOUDFXCOIN, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/cloudfxcoin
May 14, 2023 BrokersView has reviewed that CLOUDFXCOIN is an unregulated broker
CLOUDFXCOIN claims to be owned and operated by Cloudfxcoin Ltd. regulated by many regulatory bodies, including the Mauritius Financial Services Commission (Mauritius FSC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Conduct Authority (FSCA). However, our investigation about this broker's regulatory status doesn't support that claim. This means that it is misrepresenting itself to fool investors. In addition, the FCA has issued a warning against CLOUDFXCOIN for illegally offering financial products or services.
In essence, CLOUDFXCOIN is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

CLOUDFXCOIN claims to be owned and operated by Cloudfxcoin Ltd. regulated by many regulatory bodies, including the Mauritius Financial Services Commission (Mauritius FSC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Conduct Authority (FSCA). However, our investigation about this broker's regulatory status doesn't support that claim. This means that it is misrepresenting itself to fool investors. In addition, the FCA has issued a warning against CLOUDFXCOIN for illegally offering financial products or services.In essence, CLOUDFXCOIN is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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