CoinField Review 2023

CoinField Review 2023 – Get Help if you are a victim of Coinfield.com Scam

About CoinField

Website – www.coinfieldcom

Address – Manticore Labs OÜ, Metalli 3, 5th Floor, Tallinn 10615, Estonia & Manticore Labs Inc, 2nd Floor Abbott Building, P.O. BOX 3169, Waterfront Drive, Road Town, Tortola, BVI

Warned By – Ontario Securities Commission (Ontario)

CoinField is a cryptocurrency exchange that has been subject to numerous scam allegations. Users have reported experiencing difficulties when attempting to withdraw funds from their accounts. The exchange has been accused of freezing accounts without any explanation, leaving users unable to access their funds. Additionally, customer support is reportedly unresponsive, further exacerbating the frustration and mistrust among users. These concerning practices raise red flags and suggest that CoinField may indeed be engaging in fraudulent activities. It is crucial for individuals considering using this exchange to exercise extreme caution and thoroughly research alternative, reputable exchanges that prioritize user security and transparency.

The main reason why CoinField is a possible scam broker is that the broker has got many Complaints and negative CoinField reviews. Other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

Regulation

The CoinField website appears legitimate at first look, but closer study shows a major red flag. It is unknown who is behind the Coinfield.com. Neither website nor the Terms and Conditions refer to a specific legal organization by name. This is simply unacceptable for any reputable firm, let alone one that provides financial services.

Whoever owns CoinField is not licensed as a broker, and their actions are not regulated. You should only trust respectable brokers from in well-established financial centres such as the United Kingdom, the European Union, the United States, or Australia.

Brokers’ actions are regulated by major regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Exchange Commission (ASIC).

We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure.

CoinField possible scam activities

It can be challenging to identify trading scams, such as Forex, Binary Options, and Cryptocurrency. However, there are some indicators to look out for.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this CoinField 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 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.

CoinField 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.

After Searching internet you will find many negative CoinField 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 Coinfield.com reviews are negative.