Broker Review

Unauthorised Firm Details
Name: Westcloudmarket.com
Website: westcloudmarket.com

Westcloudmarket.com presents itself as an online trading and investment platform. On its homepage, it offers services such as trading in stocks, bonds, and cryptocurrencies, along with “investment packages” promising high returns (for example, a “100% in 24 hours” plan)

Although WESTCLOUDMARKET claims to operate from 71 Cherry Court, Southampton, United Kingdom, any firm offering financial services in the UK must be authorized by the FCA. The lack of such authorization indicates that WESTCLOUDMARKET is operating as an unlicensed financial entity.

Further investigation revealed that the domain westcloudmarket.com was registered on May 21, 2024, for just one year. The domain’s ownership details are hidden under privacy protection services. Notably, while the company claims a UK address, the domain registration lists Nigeria—a West African country as the location, which is inconsistent and raises red flags. It is highly unusual for a company registered in Nigeria to operate financial services in the UK without proper regulatory approval.

Additionally, we have received multiple reports of fraudulent activity involving WESTCLOUDMARKET. There are also numerous complaints and scam allegations published on verified review platforms, further supporting concerns about the legitimacy of this firm.

We strongly advise consumers to avoid any dealings with WESTCLOUDMARKET. Engaging with such firms poses significant financial risks, including the loss of deposited funds and exposure to further scams. Always verify the regulatory status of any financial service provider directly through the FCA or relevant regulatory authority in your jurisdiction before engaging in any transactions.