March 20th, 2023, The Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry, today warns the public regarding the company CLOUDFUT, which purported to present itself to the public as be an approved member of the organization on its affiliated websitesThe Financial Commission.
Upon reviewing information submitted by concerned traders, The Financial Commission determined that the indicated company has never been a member of the organization and that the associated website associated with CLOUDFUT is likely to be used to scam and defraud traders. Accordingly, on February 27, 2023, The Financial Commission placed CLOUDFUT on the organization’s Warning List on February 27, 2023, and issued a public notice in this regard.
The Financial Commission once again urges traders and investors to avoid investing in or sending funds to this company CLOUDFUT, as such funds will not be protected in any way by The Financial Commission’s compensation fund, and the organization we cannot provide our dispute resolution services to such traders. Furthermore, traders using Cloudfut are not eligible for the organization’s Compensation Fund, which only covers instances of dispute resolutions with approved broker members of the Financial Commission.
Traders who have already invested in or deposited funds with CLOUDFUT are advised should immediately notify immediately their local financial regulator or law enforcement agency of any concerns regarding the safety or withdrawal of their funds.
About The Financial Commission
The Financial Commission is an independent external dispute resolution (EDR) organization for consumers/traders who cannot resolve disputes directly with their financial services providers that are members of The Financial Commission. The Financial Commission initially set out to provide a new approach for traders and brokers alike to resolve any issues that arise during trading electronic markets such as Foreign Exchange. Then it expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
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