FINCLOUD has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The mobile app from FINCLOUD is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Clean UI|Wide product range
Cons: Search feature is basic
FINCLOUD seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Low minimum deposit|Clean UI|Dividend tracking|Reliable uptime
Cons: Alert system is basic|Limited ETF selection
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. FINCLOUD recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Good mobile app|Two-factor authentication
Cons: None so far
After seeing ads for FINCLOUD online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Comisión para el Mercado Financiero (Financial.... Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
I invested $5,000 with FINCLOUD after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Comisión para el Mercado Financiero (Financial....
Cons: Lost entire investment|Reported to authorities|Unresponsive