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FinCloud Broker Review – Watch Out For Trading Scam

Broker FinCloud Review

Whether you’re an experienced trader or not, glancing at our table should raise red flags about FinCloud broker. No regulations, offshore headquarters, all the conditions to scam clients are fulfilled.

So read our trusted FinCloud review and gather all the information you can use to retrieve your funds if this fraudulent investment firm scammed you.

But before you continue reading this article, we encourage you to read our recently updated EuroXN, InvestBY and PrimeXBT scam broker reviews. Without a doubt, it will save your money, nerves and time!

Broker Status:Offshore Scam Broker
Regulated by:Unlicensed Company / No Regulation
Scammers /
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:Surreptitious Group LLC
Headquarters Country:Saint Vincent and the Grenadines
Foundation Year:2021
Online Trading Platforms:WebTrader
Mobile Trading:Available
Minimum Deposit:$300
Deposit Bonus:Up to 25%
Crypto Asset Trading:Not Available
CFD Trading Option:Yes, you can trade CFDs
Available Trading Instruments:Forex (FX) / Commodities / Indices / Shares
Maximum Leverage:N/A
Islamic Account:Not Available
Free Demo Account:No, only live trading accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

FinCloud Regulation – Important Things to Know

FinCloud forex brand is located in notorious James Street in Kingstown, Saint Vincent and the Grenadines. It was the first indicator to avoid the company, knowing it’s the home of other scam brands, such as AZAForex, OpoForex, and more.

Furthermore, the official owner is Surreptitious Group LLC, not listed with the FSA. Despite FSA not being an official regulator, being registered there gives clients some kind of comfort, knowing that the company is actually somewhere in the authority system.

It turns out that FinCloud regulation is not with the FSA, FCA, ASIC, BaFin, or any Tier 1 regulator.

In addition, we recommend excluding InfinitGain, WinnGroups and BoaCrypto from your list of potential brokers to trade.

What’sWhat’s Wrong With A Trading License?

Since we’ve determined that there’s no license, it implies that broker FinCloud is a fake financial service provider. The website may or may not be in Saint Vincent and the Grenadines, but you have no compensation fund for sure.

Where Is FinCloud Trading Scam Active?

Based on FinCloud complaints, we can determine that the broker is mainly active in:

  • Germany
  • Chile
  • Australia
  • Italy

Yet, the list doesn’t stop there so you can find comments from the UK, Austria, South Africa, and more.

All you need to know is that if you’re involved with this particular trading firm, you will have no regulator to complain to, so be careful not to fall for the FinCloud scam.

Negative FinCloud Reviews – Brazen Trading Scam

Some offshore companies use fake reviews to lure clients into the trap and steal their money. Despite terrific FinCloud reviews on websites such as Trustpilot, you shouldn’t trust fraud.

If you take a closer look, you’ll notice that reviews come from the UK but are written in different languages, from Spanish to German. Knowing this, you should be well aware of the FinCloud trading scam and avoid it by all means.

FinCloud WebTrader Platform

Seeing broker’s Web trader, we cannot say that we were stunned by the FinCloud trading platform. It looks like millions of others we’ve had a chance to see and has no special tools.

Of course, it cannot be compared to MT4 or MT5, not by the security nor the number of trading indicators. There are 4 chart types and around 30 technical indicators, EAs, and 26-time frames. It’s compatible with all desktop devices and web browsers.

About Mobile Trading App

There’s a dedicated mobile app based on the Web trader that you can use for monitoring and managing your trades. FinCloud login is enabled via Android and iOS both. However, we don’t advise you to use it because it lacks trading features and comes from an illicit offshore firm.

What Products Does FinCloud Offer? – Trading Assets

FinCloud Tradable Assets

From everything we’ve seen, the broker offers around 300 trading assets, including:

  • Currency pairs (Forex)
  • Commodities
  • Indices
  • Shares

To a surprise, there are no cryptocurrencies, despite their popularity, especially in 2021. Furthermore, trading conditions are far from ideal, with the spread starting with 3 pips for EUR/USD pair and undisclosed leverage. If you think FinCloud could not be any worse, yes, it can.

Trading Accounts Review

There are 6 FinCloud account types, so if you decide to join this fraudulent broker, you can pick one of these:

  • Start – $300
  • Standard – $500
  • Silver – $3,000
  • Gold – $10,000
  • Platinum – $50,000
  • Diamond – $70,000

Presumably, FinCloud’s minimum deposit is $300 since we do see numbers without currency or any explanation next to each account type. Also, accounts differ in spread, account management level, and more.

There’s a FinCloud bonus with each account type, starting from 5% to 25%. Don’t fall for the scam and avoid any bonuses as you will not be able to make a withdrawal for months by accepting one.

Demo Account As a Lure

While some brokers offer practice accounts to comfort clients, the FinCloud Demo account is not an option. You will need to make an initial deposit if you want to check the offer and get access to only 50 assets. For more, you’ll need to upgrade.

Scammed By FinCloud Broker? – Talk To Our Recovery Experts

Here at Global Fraud Protection, we’ve seen it all. Clients are getting defrauded by fake offshore brokers daily, and we made it our personal mission to assist. If you fall victim to a FinCloud scam or experience any kind of issue while trading, let us know.

Contact us via online chat to book a free consultation with our chargeback specialists and we will be more than happy to help. Get out of the scam quickly and get your money back before it’s too late!

All In All, Don’t Let the Scammers Get Away for Free!

FAQ Section:

What Is FinCloud, And Should I Invest Money In It?

As mentioned, FinCloud is an offshore CFD and Forex trading provider you shouldn’t invest in.

What Is The FinCloud Minimum Deposit?

FinCloud’s minimum deposit is $300 for the Start account, which comes with basic perks.

Can I Trade Cryptocurrencies And CFDs With FinCloud Broker?

You can trade CFDs, but not cryptocurrencies with a FinCloud broker.