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Cloud Trader Review – Scam or Legit?

Cloud Trader Review – Scam or Legit?

VISIT THE SITE: cloudtrader.co


Is the newly released Cloud Trader auto trading software a scam or is it legit? There are many conflicting reports on this software, so this is purely my opinion, not that of everyone.  Matthew Shepherd, the CEO of Cloud Trader, claims that this software is capable of making you $1250 each day and it won’t cost you a penny (apart from your initial deposit, of course). He says that if you make money, then so will he; this is because he is asking you to be his “partner” and he will take just 1% of your profits. Sounds like a fair deal!

Cloud Trader Scam or Legit

Now, there are a few things that I noticed on the Cloud Trader website that puts me off. The initial statement that they are after “7 partners in the UK” to join them comes across as a pressure tactic to push people into signing up; secondly Cloud Trader claims that they have various verified members’ profits (we don’t know who they are verified by!), but what stood out especially on this section was the woman by the name of Ronald Smit!

Cloud Trader Review Scam or Legit

At the bottom of the first page of Cloud Trader there is an ever increasing counter that shows you the number of members they have joining; this starts around the 1200 mark and just keeps counting. As soon as you refresh the screen, this goes back to the starting figure.


If you enter your information to proceed to the next step of Cloud Trader a pop up appears asking for a telephone number so that they can send you an activation code. I don’t like giving out my personal details, so I put in some random numbers and guess what? Yes that’s right, it made no odds! You still get taken through to the trading area!

Cloud Trader Review Scam Legit

Once you have entered the Cloud Trader software, a video narrated by Matthew Shepherd starts running automatically. This video is informing you that they have “given” you $50 free to show you the software’s capability by placing your first trade for you. This trade comes in with a profit of $20. Matthew Shepherd then explains that once you make a deposit of (as he advises) $350 they will give you the $70 that is “already in your account”.


All in all, I’m not totally convinced by Cloud Trader, so for now I would say to avoid it as I think it may just be another scam.


If you are looking for trustworthy and profitable software, then take a look at OptionBot 3.0 or Methodox; both with over 80% ITM trades. Our current favourite piece of software is TrendXpert; this is a trend indicator for manual trading which also offers live training. All of these have proven to be profitable for us.

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