Scam with fake demo: Cloud Trader review

Cloud TraderIn this review we are going to have a look at a new binary options scam called “Cloud Trader”. It is presented by Matthew Shepherd.

Shepherd says that it took him more than three years to put together the CloudTrader, which is a binary options trading robot. It allegedly never lost a single trade since 2012 and it makes at least $1,250 to every person using it.

Shepherd is now offering you his miraculous trading software for free, all you have to do is to sign up. But that’s of course not all.

Cloud Trader is a scam

The first thing you should notice is that an anonymous guy is offering you lots of money with a guarantee, for free. This is really the first sign that something is wrong. He is not providing any contact information, so where to claim the guarantee?

Then there is the claim that Cloud Trader has never lost and will never lost a single trade. This is absolutely impossible, losses are a normal part of trading binary options, so he is lying, it is absolutely sure. But there is of course more.


TestimonialsAll the testimonials you see in the video are fake. They have been shot with paid actors. The static ones on the web page are fake too, photos are from different internet source.

Trading account and bank account statements are fake too. Look at the picture on the right, you’ll see from where the photos are from.

Fake demo

demoThe innovative part of Cloud Trader is the fake demo. When you sign up, you will see a video with a supposedly live trade that will be a winner, it should convince you that the system works. But they also show a fictitious account balance rising from $50 to $75 thanks to this trade.

It is again a total fake. First of all the trade we’ve seen was a Call option when the asset was falling down, so in reality it should have been a loser. Then you cannot double your investment on 60 seconds binary options, the typical return ratio is about 80 %.

Balance is zero, you have to deposit.

And the biggest laugh comes at the end, where they show you a 0 balance on your account, so where is the $75? So you have to deposit at least $250 with an unregulated broker in order to be able to use CloudTrader.

So it is not free, you first have to deposit money. And if you do it, you can be sure that CLOUDtrader will then lose it.


Cloud Trader is just another binary options scam that wants you to deposit and trade with an unregulated broker. If you do it, you will lose your deposit.

If you want to try binary options risk free, do it on a regulated demo account. Then you will see how you can really make money in binary options trading.

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Cloud Trader
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