Caution! 24cloudsfx is an offshore company! Your funds may be at risk.
24cloudsfx Key Features
🔴 24cloudsfx’s services are questionable – a warning sign!
🔴 24cloudsfx isn’t licensed – a red flag!
🔴 24cloudsfx isn’t transparent – a red flag!
🔴 24cloudsfx creates unrealistic expectations – a red flag!
24cloudsfx Products and Services
24cloudsfx wants customers to believe that it’s an advanced trading platform, but in essence, it’s just an HYIP. We claim so because there is little to no practical information for the service, except for the unrealistic profitability promised – you can clearly see what their offers are, and we can promise that no legit company has the capacity to deliver 120% earnings for 7 days. HYIPs are dangerous, and most of these schemes are suspected scams, we should say 99% of them, so it’s recommended to stay away from 24cloudsfx!
HYIPs are unregulated investment schemes offering questionable opportunities, to put it mildly. The promised ROI (Return in Investment) is just too good to consider trustworthy- at times, customers are reassured that they can make 100% or more per day, which can’t happen in any possible way. To put it into perspective, even the largest investment funds can’t secure more than 10% per year, let alone per day or week. So, given the products and services offered, we can decisively say that the service reviewed is highly suspicious and most likely fraudulent.
With that being said, you’d better stay away and have a look at other reliable opportunities, such as Forex brokers PAMM managed accounts, social trading platforms or regulated crypto providers. For example, many crypto exchanges are presently offering BTC and ETH staking that can bring a decent passive income on reduced investment risk. But in any case, make sure to trust your money to transparent and adequately regulated financial companies because markets are currently plagued by anonymous investment schemes, most of which are pure scams.
24cloudsfx Company and Regulation
We first want you to pay attention to both screenshots under this section. As you can see, the first one shows 24cloudsfx claiming that the scheme was established in June 2019, while on the second, you can see the year 2018. On another page, they even claim that 24cloudsfx was created in July 2019, and the conflicting information provided shows there is something wrong with 24cloudsfx. No legit company would be as ignorant to contradict itself so badly, and these blunders indeed suggest a scam.
However, our independent research showed that there is no British company associated with 24cloudsfx, so the guys running 24cloudsfx are apparently lying to the public. In truth, 24cloudsfx is illegal or a brand of an inaccessible international company, and whatever the case, we confirm that the investment service provided by 24cloudsfx is unregulated and risky!
The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients’ money will always be exposed to risks. To put things into perspective, duly licensed and adequately regulated financial firms are forced by the authorities to comply with many standards designed to guarantee customers’ safety. For instance, to obtain a license, a company must meet minimum capital requirements that vary by country and depend on product specification or other factors. The condition is set to guarantee that firms should have enough money at their disposal to survive unforeseen events, remain stable and continue operations, inflicting no harm to customers.
The US minimum capital requirement is 20 million USD, which is actually one of the biggest among all. In addition, US financial firms should also keep customers’ accounts segregated, ensuring that deposits won’t be misused or misappropriated. However, we should note that the US regulatory framework is quite complex as there isn’t a single financial authority, but many. The list includes NFA, CFTC and SEC, to name a few, and each of the mentioned control companies in one way or another. Additionally, each state usually has its own independent authority, making the US market significantly more complex than others. Regardless, the scheme reviewed isn’t regulated by any authority anywhere in the world, so make sure to avoid it as it may as well be a pure scam.
24cloudsfx Address and Contacts
|Address:||61 Chadwick Road, Slough, Berkshire, England, SL3 7FT; Level 20 Heron Tower, 110 Bishopsgate, London EC2N 4AY|
24cloudsfx uses two addresses on its website, but there is no proof that the scheme is located in either of both locations. In addition, the phone number is fake, so the information provided happens to be misleading, which triggers a major red flag. And the flag gets even more significant because the actual contact information remains concealed, and there is a lack of transparency. Beware!
Transparency is essential when it comes to investing because you should always know who is making the investment in your name and where your money really is. Legit businesses always operate transparently and are required by law to provide the public with their basic corporate information – addresses, phone numbers, e-mails, legal documentation outlining service provisions and so forth. It’s very likely that you are dealing with scammers if you cannot independently verify the contact information given, and it’s even a more treacherous sign if you come across an entity that doesn’t even provide these crucial details!
24cloudsfx.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-10-06|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Note that the German IP 18.104.22.168 hosted 2491 domains when we reviewed the HYIP, and some of the websites are suspicious trading and investment schemes. The vast number of websites hosted prevents us from concluding that those are linked to each other, but you should know about it anyway. By following the links provided, you can see the reviews of the ones detected:
Is 24cloudsfx Safe?
24cloudsfx is not safe! It’s unregulated, and we confirm that your funds will be exposed to unnecessary risks if you deposit. 24cloudsfx waves too many red flags, so it’s highly recommended to avoid it!
For various reasons, depositing with HYIPs and other unregulated investment schemes is highly not recommended. Above all, the lack of regulation strongly suggests a scam, as only regulated firms can offer investment services to the public. As you might expect, scams cannot thrive in a robust regulatory environment, where numerous customer protection rules are imposed, all of which are designed to make markets safer by actively preventing fraud.
Authorisation by regulators is only granted if the firm meets the standards governing how the entities should treat you as a customer and what kind of information they should provide. Each country’s regulator keeps a register of licensed firms and the products and services each licensee is permitted to offer. Unauthorised firms, on the other hand, seek to avoid the controls that legal, authorised entities are subject to, thus leaving investors unprotected. Scammers, of course, want customers to be completely unprotected, which significantly facilitates fraud, and that’s why they always work without a license.
The HYIPs, in particular, are usually operated as a Ponzi because many investors can withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities, allegedly delivering unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer – that’s a scam, and you’d better stay far away from entities promising get-rich-quick schemes.