Coiniers (Coiniers.com) is another rotten online Cryptocurrency scam targeting unsuspecting investors. The platform claims to be uses Cryptographical functions to conduct financial transactions. With such a heavy and technical use of industry terms, investors have signed up without a second thought. Sadly, these investors who are now members of this scam have tasted the scammer’s intention. We have to expose them. Read this genuine and honest COINIERS Review for more.
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By looking at the website’s layout, it is easy to understand why newbies would fall for this trap. The website is well-designed which is the idea, to sell the website as a Crypto exchange and trading platform. What seems to appear like a legit trading platform is nothing but a shoddy platform out to rip off investors. Our investigation has come up with compelling evidence showing the truth about this scam. Thanks to our years of investing and trading experience, we know how to spot a scam from a mile away.
Professional scam artists will in most cases clone real trading websites in every single manner. Coiniers is no different as they have used images of other real trading websites to fool investors. Use of empty claims and promises is another way of ensuring investors sign up. The claim of helping investors make a ton of money in a short period is never going to work. These are scam artists who are anonymous in nature and will take your money and run off. Beware of Coiniers and ensure you never associate with their so-called account managers.
According to their about us page, they claim Coiniers is the fastest growing online trading brand. If this is the case, why is their platform not recognized by leading brokers in America and Europe? You would expect a fast growing online trading platform to gain recognition from experienced investors and traders. The fact that no one seems to know the history of this platform is proof of a sinister plot. And that’s not all; the platform is full of shoddy promotional materials.
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Anonymity is a huge challenge when it comes to online investing platforms. The platform claims to be located in Los Angeles, California, this is not the case. No investor or professional Crypto enthusiasts seem to know this platform. In the Crypto trading world, even a newbie is known by a few investors. The fact that the platform fails to post details of the founding members is a serious loophole. Investors are signing up and depositing funds to an unknown third party.
After a thorough search using the NFA and SEC registers, we could not find any registration of this platform. And this is proof Coiniers is NOT REGULATED to offer any Cryptocurrency trading services. To confirm our fears, we also reached out to other well-known regulatory bodies all over the world. These include ASIC, CONSOB, CySEC, FCA, and others. None of the well-established regulatory bodies has ever heard of this platform. Associating with an unlicensed platform means your funds are never secure.
The entire platform does not have any license and registration details to prove compliance. You would expect the platform to offer users complete copies of their license documents. Without such valid documents, it is clear we are dealing with a hoax. Smart investors know better than to associate with unregulated platforms. The platform can go under any minute and no user will be compensated. Without regulation in place, investors are not protected by the regulatory bodies.
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After looking over the entire website, we could not find any advantage of trading with this platform. With complaints coming in from all works of life, this platform must be exposed. The reason they post fake United States location details is to try and prove authenticity. Regulation from the United Stated government is really hard to come by. The strict regulations put in place makes it hard for platforms to open shop in this region. A hefty depository requirement is needed to get a license from NFA and SEC.
Coiniers is NOT furnishing users with any account type; no information is given on accounts offered. We don’t know whether users use a single account as traders seem to deposit money and wait for profits. What this means is that Coiniers is ensuring traders give control of their trading power to the platform. Another problem we noticed is we don’t know the acceptable minimum deposit required to start trading. A true platform will indicate the full account details before anyone commits to them.
With a platform which claims to have an advantage in trading technology, you would expect live chat. Live chat support is important in today’s trading world as it gives users instant feedback from platforms. When a trader wants a quick answer, they just click to live chat and get all the help they need. Coiniers is using an email address and a virtual phone number. It is clear these scam artists want to minimize the communication process with their would-be victims. Better stay away from this platform.
The website is riddled with fake claims as they claim to have been regulated by IRFB. To be clear, the IRFB is a government body which registers frequency. How this is related to Cryptocurrency is beyond our comprehension. Another fake claim is how they post images of so-called experts on their team. These are stock photos as no social media platform has the names of these experts. This is a well-choreographed platform with no way of ever offering real Crypto trading services.
Another issue we found with Coiniers is failure to inform users which type of platform they use. The platform is obviously using a custom-made platform which spells bad news for members. The failure to use proper security features such as DDoS and SSL encryption is proof of a security lapse. Hackers can easily take advantage of this platform and steal vital information.
When it comes to how well security of funds are, you should know that funds are not safe. Lack of segregation of accounts is proof members are depositing funds straight to owner’s bank account. When a platform pools funds in one account, this spells danger. In the event of winding up, members will not be compensated. You should stay away from this platform and never sign up with their sleazy and untested platform.
Evidence in our hands is proof Coiniers is a scam. Stay away from this platform and mark their emails as spam. Warn your family and friends from joining any of their affiliate programs. When you get calls from their so-called account managers, ignore them.
We will be adding this platform to our scam blacklist and ensure no one else falls for this trap.
Having credible and dependable brokers by your side is a safe way of trading futures. Start the sign up process with authentic and transparent brokers. Your chance to win big starts with having a reliable partner. What are you waiting for? Sign up with a top rated broker today.
Wishing all investors a happy and prosperous trading experience.
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