ANSWER Cloud Peak is not a licensed or regulated broker even though it states offers that look good to be true. Cloud Peak claims to be a reliable broker while presenting no details of its regulation on the website. Lacking regulation info may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their certificates and licenses in a prominent place. It is a red flag here.Besides, Cloud Peak shows its office address is in Hong Kong. However, we did not find any match results to Cloud Peak in the Hong Kong regulator Securities And Futures Commission(HK SFC).The truth is, Cloud Peak is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Cloud Peak and trade with licensed brokers.
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