Is Coinfx Traders a scam or a legit broker? Read Coinfx Traders Review
Coinfx Traders is an illegitimate, anonymous scam. Its lack of a legitimate forex license and false corporate address located within the U.S. makes it impossible to trust any trading or investment opportunities advertised by them. Thus, if one is considering trading with Coinfx Traders, one should reconsider and read Coinfx Traders review below.
Website – https://coinfx-traders.com/
Address – 1061 Holland Rd Brideway Starion Office Mauldin,SC
Warned By – Not Recommended By Review Website Like Report Scam
Domain Age Information of Coinfx Traders
|Date Registered||February 27, 2022|
|Domain Age||1 year, 2 months, 17 days, 16 hours, 42 minutes, 4 seconds|
Coinfx Traders Regulation
Due to the lack of regulation, putting your funds at CoinFX Traders exposes them to danger. You will most likely be scammed and have no recourse for recovering your money, as covered in the deposit and withdrawal section.
Our investigation found that CoinFX Traders is a clone firm masquerading as TopFX. The website convex-traders.com pretends to be affiliated with TopFX but is not registered or authorized by CySEC. It appears this site was created by fraudsters.
Clone companies like CoinFX Traders can be dangerous because they deceive people into believing they represent legitimate, regulated businesses. We strongly advise customers against using CoinFX Traders and instead, opt for genuine Forex firms which are regulated by respected authorities.
Coinfx Traders Trading Platform
CoinFX Traders claims to provide the popular MT4, MT5, and cTrader platforms, yet this is not accurate. The Webtrader they offer is basic and seems nonoperational – just a chart. It does not even come close to the industry-leading quality of MetaTrader 4 and 5 which are the optimal choice for retail Forex trading. As both MT4 and MT5 feature automated trading, custom indicators, and plenty of analytical tools, these two platforms stand out from the crowd.
It does not come as a shock that Coinfx Traders does not provide a reliable trading platform, given the absence of a valid Forex license and many indications that suggest it is likely to be fraudulent.
Coinfx Traders Deposit and Withdrawal Methods
CoinFX Traders, like other fraudulent brokers, will only accept BTC deposits. Cryptocurrencies are preferred by scammers as all transactions are irreversible, meaning that if you deposit BTC with CoinFX Traders, your money is lost for good. Therefore, it is wise to consider depositing with CoinFX Traders as investing in a scam.
Coinfx Traders Withdrawal Requirements
Remember that when it comes to withdrawals, with sites such as Coinfx Traders, the process may not be smooth. Generally, you will need to pay a substantial withdrawal processing and handling fee – in some cases even more than 20%. No matter if the request to withdraw is granted or denied, this fee must be paid. In addition, if you accept any type of trading bonus, it is likely you won’t be able to withdraw your funds until you meet specific trade volume requirements.
Coinfx Traders Funds Safety
Your funds are not safe with a broker like Coinfx Traders. Scammers use impersonation to trick investors into believing their scheme is legitimate. Cloning a firm has become a popular tactic, as there has been a rise in the number of such fraudulent companies. For this reason, it is crucial to be careful when selecting a broker as the market is unfortunately full of dubious platforms like CoinFX Traders. Failure to research can lead to being deceived!
Coinfx Traders Review Conclusion
We strongly advise that CoinFX Traders should not be trusted for trading services as it does not possess any legitimate credentials and is targeting customers from various countries. To shield yourself from scams such as Forex scams, Binary scams, Romance/Dating scams, Web site scams, Cryptocurrency scams, or other types of frauds, you should select a broker or firm regulated by major governing bodies like FCA, FINMA, SEC, FMA, ASIC and so on. Take the time to look at reviews of brokers as well as go through their terms and conditions in detail. These steps will help protect you from being taken advantage of by scam brokers.
For additional information regarding Scam Brokers and Reviews, visit our Scam Broker 2023 page to stay clear of Cryptocurrency trading frauds, Forex trading cons – or any other online swindles.
Also, if you are a victim of the CoinFX Traders scam, Report Scam Community can assist with recovering your lost money. They are a dedicated team of recovery specialists who have assisted hundreds of victims in getting their funds back. What’s more, Report Scam offers a free consultation and anyone can register for help by completing a brief complaint form.
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