soft-cloudltd.com has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators". We are concerned that soft-cloudltd.com may be operating a scam and is offering returns that appear to be unrealistically high.
It falsely claims to be an incorporated company in New Zealand. It misuses the company address and the registration details of a previously incorporated company in New ... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for the past year and a half with soft-cloudltd.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Fast support response|Instant funding|Copy trading available|Helpful community forum
Cons: Help articles are sometimes vague
soft-cloudltd.com changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Quick verification|Multiple order types|Educational resources|Automated trading options
Cons: Website design could be more modern|Could offer more webinars
The reporting at soft-cloudltd.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Demo account available|Multi-currency support|Low minimum deposit
Cons: Limited cryptocurrency options|Nothing significant
I lost a significant amount because soft-cloudltd.com did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Intuitive for beginners|Regular platform improvements|Wide product range|Smooth onboarding
Cons: Currency conversion fee exists
soft-cloudltd.com has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Reliable uptime|Low minimum deposit|Easy to use platform
Cons: Account statements could be more detailed