CloneX Markets

CloneX Markets is a retail forex and CFD broker that was founded on 22 October 2025. The company is registered in the United States, with its official address at 11 Grace Avenue, STE 108, Great Neck, New York 11021. The broker's website – clonexmarkets.com – presents itself as a platform for trading CFDs on forex, commodities, indices, shares, and cryptocurrencies. As of the time of this review, CloneX Markets does not hold any license or regulation from any recognized financial authority, which is a significant consideration for traders evaluating the safety of funds.

Our review found that CloneX Markets has no regulators on file. This means the broker operates outside the oversight of any major financial regulatory body such as the SEC, CFTC, FCA, or CySEC. The absence of regulation is a critical risk factor, as it leaves traders without the usual protections like negative balance protection, compensation schemes, or recourse to an ombudsman. FXCanary’s Scam Risk Score of 57/100 (Elevated) reflects this unregulated status and the associated risks.

CloneX Markets offers a single account type currently documented: the 'TRADEWITHPAT' account. This account requires a minimum deposit of $3,000, and the maximum leverage is not disclosed (marked as '--'). The broker’s website does not provide detailed information on spreads, commissions, or other trading costs. Given the lack of regulatory oversight, traders should be cautious about the transparency of trading conditions.

According to the broker's website, CloneX Markets provides access to a wide range of CFD instruments, including forex pairs, gold, oil, cryptocurrencies, indices, and share CFDs. The platform claims to support automated trading, copy trading (via 'cTRADER COPY'), and manual trading. The site emphasises 24/7 auto trading and the elimination of human emotions from the trading process. However, no specific trading platform names (e.g., MetaTrader 4/5, cTrader) are explicitly mentioned beyond the proprietary 'cTRADER COPY' feature.

A notable aspect of CloneX Markets is its offering of investment plans that promise exceptionally high daily returns, ranging from 1.2% to 3.5% per day depending on the plan. These plans are categorised by asset type (Crypto Currency, Stocks & Options, Green Energy, Precious Metals, Meme coins) and require minimum deposits from $10,000 to $50,000. Such high, guaranteed returns are a classic red flag in the industry and are often associated with Ponzi-like schemes. Traders should exercise extreme caution.

CloneX Markets appears to target both novice and experienced traders, with a particular emphasis on copy trading and automated strategies. The broker’s marketing materials highlight the ability to replicate successful trades and 'maximise returns' without requiring deep market knowledge. The high minimum deposit for the TRADEWITHPAT account ($3,000) and the even higher thresholds for investment plans suggest a focus on traders with significant capital. The unregulated nature of the broker means that it is not suitable for risk-averse or cautious investors.

The broker claims to offer a wide range of payment methods for deposits and withdrawals, and multilingual customer support available 24/5 in over 20 languages. The contact information includes a phone number and email, though no live chat or physical office beyond the registered address is evident. Given the lack of regulation, the reliability of these support channels cannot be independently verified.