Is Coindeal a scam or legit broker? Read Coindeal Review
According to Coindeal, trading cryptocurrencies can be done on a global platform. They have various cryptocurrencies available for trading here, including TRON, Dash, Litecoin, Ethereum, and Bitcoin Cash. In addition to the US dollar, euro, Polish zloty, Swiss franc, British pound, and Korean won, they also accept other payment options. Furthermore, they assert that the exchange offers a practical iOS and Android mobile app in addition to a proprietary trading terminal. Located in St. Vincent and the Grenadines, the business has a website at https://coindeal.com/.
English, German, Polish, Russian, and other languages are among the services they offer. Basic and Pro accounts are the two sorts of accounts they offer. The website appears promising at first glance with all of these promises and benefits, but the truth emerges when the U.S. Securities and Exchange Commission publicly warns the company about their practises.
“According to the SEC authority, charges were brought against eight individuals and businesses implicated in the fraud. The Securities Act and Exchange Act’s requirements for registration and anti-fraud provisions are allegedly broken by the accused. On the basis of the underlying blockchain technology, the defendants allegedly presented a false assertion that CoinDeal investors may profit greatly.”
Together with pre-judgment interest, fines, and injunctions, all defendants are required to pay the SEC back for the money they stole.The broker got many Complaints and negative Coindeal reviews and other possible scam features can also be the reason.
Website – https://coindeal.com/
Address – St. Vincent and the Grenadines
Warned By – Securities and Exchange Commission (United States of America)
Despite Coindeal attempts to look legit and trustworthy, we can’t disregard the alerts that Coindeal giving us. There are many brokers like it, and we can quickly recognize the kind of specialist we were dealing with by stepping into the site. We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure. Find more about the scam broker in our review list.
Possible scam activities of Coindeal
Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.
Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Coindeal review.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
- The broker may have made a number of false claims through its website.
- The broker promises returns that are too good to be true.
- The risk warnings may not be disclosed on their webpage or would be hidden.
- The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
- This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.
Negative Coindeal Reviews and Complaints
Coindeal has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.
Example of Negative Coindeal Review
After Searching internet you will find many negative Coindeal Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Coindeal reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.
Scammed by Coindeal? How to get your lost money back from Coindeal?
The best solution recommended for getting your lost money back from Coindeal is Report Scam Community
It is one of the few legit recovery assistance organizations which are actually concerned with a victim’s recovery from losses. They are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free Consultation and anyone can register by filling a very short complaint form.
Coindeal Review: Conclusion
To begin with, Coindeal is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold any valid license and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions. These small details will prevent you to become a victim of broker scams.
To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.
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Note: Report Scam Community has conducted many researches before flagging Coindeal as a possible scam in this Coindeal Review.Are you planning to trade with Coindeal and invest your money? Report Scam suggests you to read this Coindeal Review first.