Cloud Bridge MARKETS Limited is a forex and contract for difference (CFD) brokerage firm founded in Australia in 2022, with its headquarters located in New South Wales. It primarily offers CFD trading services for forex, indices, commodities, precious metals, energy, and more. The official website of this brokerage is https://bloudbridge.com/#/home, and the website supports languages such as English, Simplified Chinese, Traditional Chinese, Spanish, and more, catering to various regions and countries. Cloud Bridge MARKETS Limited does not offer its services to jurisdictions subject to legal restrictions.
Company Background:
The official website of Cloud Bridge MARKETS Limited claims its establishment in Australia, with the full company name as Cloud Bridge CAPITAL PTY LTD, and the company registration number as 661 715 966. According to the information provided by the company, relevant registration information has been verified through the Australian Securities and Investments Commission (ASIC). However, it's worth noting that the company does not hold an Australian Business Number (ABN), potentially raising questions about its ability to engage in commercial activities or business transactions in Australia.
Additionally, according to Whois information, the official website domain of this brokerage was registered on August 17,2023, making it less than six months old from the registration date.
Regulatory Information:
Cloud Bridge MARKETS Limited's official website claims that it is regulated by the Australian Securities and Investments Commission (ASIC) with certificate number 001304800. Information obtained from the ASIC website indeed confirms that this brokerage has purchased an Authorized Representative (AR) license from MGF CAPITAL PTY LTD. However, it's essential to highlight that the regulation provided through the AR license may offer weaker regulatory oversight and investor protection.
What's more critical is that MGF CAPITAL PTY LTD has sold AR licenses to more than 20 similar entities, including Cloud Bridge CAPITAL PTY LTD. These entities have no direct affiliation with MGF CAPITAL PTY LTD but are using AR licenses purchased from MGF CAPITAL PTY LTD for promotion, raising concerns of potential fraudulent activity.
Trading Products:
Cloud Bridge MARKETS Limited offers a variety of financial instruments for trading, including:
Forex: Providing opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to speculate on price changes between one currency and another. Examples of available currency pairs include EUR/USD, GBP/USD, USD/JPY, and more.
Indices: Index CFDs enable investors to trade based on the price performance of market indices without purchasing or selling the actual component stocks or assets.
Commodities: Commodity CFDs allow investors to potentially profit from price fluctuations in raw materials and resources. Commodities include crude oil, copper, iron ore, and more. Commodity CFDs enable investors to participate in various commodity markets without holding physical assets.
Precious Metals: CFDs for precious metals like gold and silver offer trading opportunities based on price changes. Precious metals CFDs allow investors to trade without owning physical assets, potentially capitalizing on price fluctuations.
Energy: Energy CFDs are contracts that permit investors to engage in long (buy) or short (sell) trades based on price changes in energy commodities. Investors can participate in the energy market without holding energy commodities.
These products provide investors with opportunities to access different financial markets and manage risk through various investment portfolios.
Trading Platform:
Cloud Bridge MARKETS Limited provides a proprietary trading platform called "Cloud Bridge." The official website claims that this platform is compatible with various devices, including PC (Windows/MacOS), web, and mobile devices (iOS/Android). It's important to note that this brokerage is not regulated by any regulatory authority. Using their proprietary trading platform may entail potential risks, including technical and security risks.
Account Registration:
The official website of Cloud Bridge MARKETS Limited provides a link for account registration but does not specify whether the registration is for a demo or live account. The registration process typically involves providing personal information, such as trading name, country, phone number, email, and password, as per the website's requirements.
Account Types:
The official website of Cloud Bridge MARKETS Limited does not provide information regarding different account types.
Spreads and Leverage:
Cloud Bridge MARKETS Limited offers fixed or variable spreads, depending on the trading product. The maximum leverage offered is 1:100. However, specific information regarding minimum deposits, commissions, minimum trade units, and other details is not provided. Investors engaging in leveraged trading should undergo proper education, understand market mechanisms, and carefully consider their investment objectives and risk tolerance.
Deposits and Withdrawals:
The official website of Cloud Bridge MARKETS Limited provides deposit and withdrawal methods, including credit cards, debit cards, bank transfers, and e-wallets. The minimum deposit is $25, and the minimum withdrawal is $10. However, the website does not provide key information about the channels, currencies, fees, and other details related to deposits and withdrawals.
Customer Support:
Investors can access 24/7 customer service from Cloud Bridge MARKETS Limited via email. However, this brokerage does not support real-time chat functionality, which means investors may need to wait for responses and may not receive immediate assistance, potentially impacting the user experience.
Summary:
Cloud Bridge MARKETS Limited raises concerns about potential fraudulent activity. While the registration information provided on the official website appears to be genuine, the company holds a weaker form of regulation through an Authorized Representative (AR) license from MGF CAPITAL PTY LTD. Additionally, it offers a proprietary trading platform. Of critical importance is the fact that MGF CAPITAL PTY LTD has sold AR licenses to more than 20 similar entities, including Cloud Bridge CAPITAL PTY LTD. These entities are not directly affiliated with MGF CAPITAL PTY LTD but are using AR licenses purchased from MGF CAPITAL PTY LTD for promotion. As of now, this brokerage is marked as having "Suspected Fraud" on TraderKnows. Users are advised to exercise caution when considering the services provided by this company, safeguard their financial assets, and avoid falling into potential fraudulent schemes.
