Is Coinibank a scam or a legit broker? Read this Coinibank Review to know more about the Coinibank scam

 Website –

 Address – NA

 Warned By – Ontario Securities Commission (Canada)

Why Coinibank is a scam?

The website for CoiniBank is aesthetically pleasing and has a surprisingly useful layout. Also, there is enough trading information to let users know what the form can do. Yet, these are only our initial findings. Things began to become more challenging as we dug further.

The registration procedure makes me think of unlicensed forex traders. The main user area is trading software, it was unveiled after we had completed the quick sign-up process. Most con artist brokers use this strategy. Yet, it had to make do for an account is the only method to verify the trading conditions on the website. Suspicious brokers only disclose their genuine circumstances here.

The website CoiniBank is anonymous and unregulated, and we are confident that it is a scam. It is not a legitimate broker.
Finding any pertinent information regarding the broker’s ownership proved to be very difficult. Also, the Marshall Islands only provide a post box address rather than a phone number, which is utterly meaningless.

Unsurprisingly, there is not even a single mention of obtaining a licence from or registering with a legitimate financial authority.

If you are scammed by Coinibank broker, you can file a complaint in the complaint form. You can also check the scam broker 2023 page to avoid scam brokers.

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