In this Coins Capital review, we will thoroughly dissect and examine every facet of this fraudulent entity’s tactics and unethical strategies. Coins Capital assertions of being a top-tier financial services provider with a degree of doubt. Their lack of transparency, especially their anonymous ownership and offshore registration, gives rise to concerns. In the realm of securities trading, reputable brokerage firms based in developed nations are subject to rigorous regulatory requirements and standards that Coins Capital offshore status probably evades.
Website – https://www.coins-capital.com/
Address – 374 Beachmont Business Centre, Kingstown, Saint Vincent and the Grenadines
Warned By – Ontario Securities Commission (Ontario)
Regulation – Unregulated
Coins Capital Review: Domain Age –
|November 15, 2020
|2 years, 11 months, 8 days, 18 hours, 12 minutes, 14 seconds
Is Coins Capital a Scam?
Establishing their headquarters in the well-known SVG indicates only one thing: the broker operates without any form of oversight. To clarify, the regulatory authority of SVG, SVGFSA, has ceased its regulation of brokers within the country.
The absence of a valid premium license signifies that this broker does not adhere to the regulatory guidelines concerning fund segregation, leverage restrictions, protection against negative balances, and compensation plans.
Coins Capital Review: Trading Instruments
Limited information is available regarding the range of products offered by COINS-CAPITAL without first opening a trading account. On a single web page, the available financial instruments are Forex, Bonds, Indices, ETFs, Commodities, and Stocks.
Coins Capital Review: Trading Platform
We found that the trading platform was accessible exclusively to existing customers. This restriction strongly implies that the broker has motives for concealing certain aspects of their operations. Such behavior is far from being appreciated. It leaves us questioning the significance of having a trading platform at all, as its inaccessibility for potential clients raises concerns.
This kind of restrictive conduct is not typically associated with reputable brokers. Nevertheless, it is crucial to keep in mind that COINS-CAPITAL is, in fact, an unregulated brokerage entity. Therefore, these patterns serve as clear indications of a fraudulent operation.
Coins Capital Review: Withdrawal Methods
The Funds Withdrawal Policy lacks substantive information. It’s almost as if it serves no purpose on the website, as it doesn’t contribute significantly to its credibility. The only marginally useful detail it provides is that withdrawals are purportedly processed within a maximum of 5 business days. It’s crucial to approach this information with skepticism, given that it originates from an unregulated and fraudulent website like COINS-CAPITAL.
Where does the Coins Capital operate?
COINS-CAPITAL appears to target individuals who are native English speakers, with claims of originating from the UK. It remains unclear whether this is merely a facade or if the scammer does indeed have a preference for this particular country. Regardless, their fraudulent activities extend to Canada and the United Kingdom regions, ruthlessly victimizing people.
Coins Capital Review: Demo Account
Based on the information available on the broker’s website, it’s safe to conclude that they do not offer a Demo account option. The website provides no mention of such an option, and our attempts to sign up for one were unsuccessful.
The absence of a Demo account is significant because it signifies the lack of a test-trading platform. This feature is particularly valuable for those new to Forex trading as it allows for practice and skill development. Regrettably, it appears that COINS-CAPITAL does not prioritize the provision of such a resource.
Exposing the Scam
COINS-CAPITAL emerged as a deceptive financial predator, taking advantage of the online investment space to defraud unsuspecting investors. With a lack of regulation, dubious claims, and an offshore location, it was evident that this platform was not a reliable avenue for investment.
Coins Capital Review: Conclusion
If you’ve become a victim of a Coins Capital scam or any other fraudulent scheme, you have the option to seek redress by submitting a complaint against those scammers. By completing a complaint form on our website, you’ll qualify for a free consultation with our team of experts who will assist you in navigating the process of recovering your funds.
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