Cloudfutures
Pros and Cons
Pros
- Regulated by CFFEX in China
- Offers a variety of proprietary trading platforms
- No minimum deposit or withdrawal requirements
- Wide range of futures trading options
- Established operational history of 5-10 years
Cons
- No valid regulation in major jurisdictions
- Limited trading instruments (only futures)
- Unfamiliar proprietary trading platforms
- No demo accounts available for practice
- Lack of transparency regarding trading conditions
Basic Information
User Reviews
Cloudfutures Overview
Cloudfutures, established in 2019, is a regulated forex broker based in China, specifically licensed by the China Financial Futures Exchange (CFFEX) to provide trading services in futures. With a focus on compliance and regulatory adherence, Cloudfutures operates under license number 0240, ensuring a level of trust and safety for its clients. The broker aims to provide a secure trading environment while catering to the growing demand for futures trading in the region.
Is Cloudfutures Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| CFFEX (China Financial Futures Exchange) | China | Segregated Funds |
Is Cloudfutures Regulated and How Are Client Funds Protected?
Cloudfutures is a regulated broker under the China Financial Futures Exchange (CFFEX), which provides a level of oversight in the futures trading market. Client funds are protected through the use of segregated accounts, ensuring that clients’ assets are kept separate from the broker’s operational funds. This regulatory framework aims to enhance the safety of client funds, although it is important to note that investor protection schemes may differ from those in more established markets. Overall, while Cloudfutures operates under recognized regulation, potential clients should remain informed about the specific protections offered and assess their trading needs accordingly.
Trading Products and Services
What Trading Instruments Does Cloudfutures Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Cloudfutures offers a wide array of trading instruments that cater to both novice and experienced traders. With options across Forex, commodities, indices, stocks, and cryptocurrencies, users can diversify their portfolios effectively. This variety allows traders to implement different strategies, whether they prefer short-term trading or long-term investments. The availability of multiple asset categories enhances flexibility in trading, accommodating different risk appetites and market conditions. By providing a comprehensive selection of products, Cloudfutures ensures that clients can find suitable options to meet their investment objectives.
Account Types and Trading Conditions
What Account Types and Fees Does Cloudfutures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low spreads, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced traders and institutions | High leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients and businesses | Customized services, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Compliant with Islamic finance principles | Requires certification of eligibility |
| Demo Account | New traders testing strategies | Practice trading environment | Limited time use, no real funds involved |
Account Opening Process
To open an account with Cloudfutures, users must follow a straightforward process that includes submitting personal, employment, and financial information. Identity verification is mandatory, which requires uploading documents such as an ID and proof of address. Additionally, there is flexibility in account types; traders can upgrade to a professional account later based on their trading activity and qualifications.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive for minor pairs |
| CFDs (Stocks) | 0.1% – 0.5% | $5 per lot | Variable based on stock |
| CFDs (Indices) | 0.2% – 1.0% | $3 per lot | Varies by index |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Cloudfutures may charge various fees, including deposit and withdrawal fees, although specific amounts are not detailed. Inactivity fees can apply if an account remains dormant for an extended period. There might be platform usage fees if applicable. Additionally, overnight interest (swap rates) may be incurred on positions held overnight, and currency conversion fees may apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Cloudfutures Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, multiple order types, technical indicators, symbol lookup | API, VPS |
| Web Version | Web browsers (Desktop and Mobile) | Encryption, price alerts, market search | No |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | No |
The MT4/MT5 platforms provide advanced trading tools suited for experienced traders, while the web version offers accessibility from any browser. The mobile app enhances trading convenience with secure logins and real-time alerts. Each platform ensures fast order execution and efficient market search capabilities, catering to various trading needs.
Cloudfutures emphasizes mobile trading flexibility and robust security measures across its platforms, promoting a seamless trading experience for users.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee, 0.5% for third-party banks | Min 100, Max 10,000/day | EUR, GBP |
| GrabPay | Instant | No platform fee, 1.5% charge | Min 50, Max 15,000/day | SGD, MYR |
| SPEI | Instant | No platform fee, 1% for transfers above 5,000 | Min 100, Max 20,000/day | MXN |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000/day | USD, EUR |
| Bank Wire | 3-5 business days | No platform fee, $30 international fee | Min 200, Max 50,000/day | USD, EUR, GBP |
Minimum Deposit
The minimum deposit requirement for Cloudfutures is $50 for most payment methods. However, this may vary based on the type of account you choose; for instance, VIP accounts may have different minimums. Additionally, certain regions may have specific requirements that could affect the minimum deposit.
How to Withdraw
To withdraw funds from your Cloudfutures account, follow these steps:
- Log in to your Cloudfutures account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and review any applicable fees.
- Submit your request and wait for processing.
Customer Support
Cloudfutures Customer Support Overview
Support Channels
Cloudfutures offers multiple support channels to assist customers effectively. Users can reach out via:
- Email: For any inquiries, customers can contact support at YCFQH@cloudfutures.cn.
- Live Chat: A real-time chat feature is available on the website for immediate assistance.
- Telephone: Customers can call 4001119992 for direct support.
- Social Media: Cloudfutures maintains social media profiles where customers can receive updates and assistance.
Service Availability
Cloudfutures provides customer support 24 hours a day, five days a week (24/5). This ensures that help is readily available during trading hours. Additionally, multilingual support is offered, catering to various languages to assist a diverse customer base.
Additional Resources
To further enhance the trading experience, Cloudfutures provides educational resources such as video tutorials and webinars. These resources are designed to help customers improve their trading skills and stay updated with market analysis.
Overall, Cloudfutures prioritizes customer support, ensuring that help is accessible and resources are available to assist traders in making informed decisions.
Frequently Asked Questions
Yes, Cloudfutures is regulated by the China Futures Market Regulatory Authority (CFFEX) and holds a valid futures trading license, ensuring compliance with local financial regulations.
Cloudfutures offers trading services specifically for futures. However, detailed information about trading conditions such as spreads, leverage, and commissions is not explicitly provided on their website, which may limit transparency.
Cloudfutures adheres to regulatory requirements for fund security, including segregating client funds from company funds. This helps protect your investments in case of operational issues.
Cloudfutures offers various proprietary trading platforms for both desktop and mobile devices. While these platforms are developed in-house, there is limited information available regarding their user-friendliness and functionality, which may vary by individual trader preferences.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.