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The United Kingdom’s Financial Conduct Authority has issued a warning against Forexbroker.cloud in October 2023
Forexbroker.cloud is a new online trading platform that claims to offer low spreads, fast execution, and high leverage. But is it a legit broker or a scam? In this blog post, we will review Forexbroker.cloud and see if it is worth your time and money.
Forexbroker.cloud is not regulated by any reputable authority, which means that it is operating illegally in most countries. This also means that your funds are not protected by any compensation scheme or insurance. If the broker goes bankrupt or disappears with your money, you have no recourse.
Forexbroker.cloud also has a lot of negative reviews and complaints from its clients. Many of them report that the broker does not process their withdrawal requests, charges hidden fees, manipulates the prices, and closes their positions without their consent. Some of them even accuse the broker of stealing their identity and personal information.
Forexbroker.cloud also offers unrealistic bonuses and promotions that are designed to lure unsuspecting traders. However, these bonuses come with very strict and unfair terms and conditions that make it impossible to withdraw your profits. For example, you have to trade a certain volume within a limited time frame, otherwise you will lose your bonus and your deposit.
Forexbroker.cloud is clearly a scam that you should avoid at all costs. It is not a reliable or trustworthy broker, and it will only cause you losses and frustration. There are many other reputable and regulated brokers that you can choose from, so do not waste your time and money with Forexbroker.cloud.
What to Do If You’ve Lost Money with Forexbroker.cloud?
If you have been scammed by Forexbroker.cloud or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.