After reviewing CloneTrade, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is CloneTrade?
CloneTrade markets itself as an online trading and investment service. Its public site is presented at https://clontraderfinancial.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.
Is CloneTrade regulated?
We could find no evidence that CloneTrade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- No verifiable licence from a recognised financial regulator
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- No credible physical address or verifiable corporate record
- Account dashboards that show “gains” with no real market exposure
- Opaque or anonymous corporate ownership
Our analysis
CloneTrade does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, CloneTrade appears to be a scam.
Can you recover money lost to CloneTrade?
If you have deposited with CloneTrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by CloneTrade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.