BrokersView has found that Cloackx appears to be a scam Cloackx 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, Cloackx appears to be a scam.

I'm considering Cloackx, is is trustworthy? Dear Investor, CloackX does not appear to be a trustworthy platform. CloackX has not provided any verifiable regulatory or licensing information, merely stating that it is registered in Saint Lucia. Although we did find a licensed entity named Cloackx Ltd. in the Saint Lucia International Financial Centre (IFC) system, please note that this does not mean it holds a brokerage license. The Saint Lucia IFC does not regulate the forex market, nor does it grant licenses to forex brokers. Furthermore, CloackX may actually be entirely unauthorized, which poses an extremely high risk to its investors. Therefore, we strongly advise you to avoid trading with this broker to prevent significant financial losses. View Source