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Coin FXC Review: A Crypto Brokerage Scam

Coin FXC Review: A Crypto Brokerage Scam

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Foreign Exchange Coin or Coin FXC is the latest Crypto brokerage broker to avoid. The platform is running under the pretense of a Crypto brokerage firm. We did our investigation and found that this platform is as crooked as they come. The broker in question is anonymous and using stock photos to fool investors. CoinFXC is another broker who is determined to steal funds and hide behind anonymity. Read this transparent Coin FXC Review for more on this shameful broker.

Coin FXC Review

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A Brief Look at Coin FXC (Background and history)

The broker claims to be a global provider of online trading services. According to the homepage, they also offer custom trading platform integrations for professional Binary traders. Now, this is the first red flag we spotted on their website.

We all know Binary options trading has been dead for a while, why still offer such services? To fool all of us, they made adjustments by creating a fresh post below the binary options.

This means Coin FXC is using the same website they used during the Binary trading era. We don’t understand why they wouldn’t make any adjustments on their entire website. The broker had to redesign the website with fresh content. What they have done shows a broker with no professionalism.

After that, they are for users to sign up, thanks to the now growing Crypto trading industry. We won’t allow such con artists to take advantage of the lucrative Crypto trading world. The expose must stop these scam artists at all costs.

Business team behind Coin FXC

At the bottom half of their homepage, you can see they have a team description. A closer look at the team reveals that these are stock options. There’s no way Elizabeth Lisa is the Chief Executive Officer. The picture of Elizabeth Lisa is that of a young lady who is barely 23 years old.

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If this were true, the face of Elizabeth Lisa would be on every Crypto and Finance media outlet. Her success would be known by every investor who deals with Crypto.

These scam artists have chosen the easy way out and downloaded stock photos. Another problem is the Managing Director’s photo. The dimensions are not the same as those of his colleges. It goes to prove that these are stock photos.

A professional team would have uniform pictures of the people working for the company. The size of Michael Adam’s photo goes to show how little they planned for this website.

Certificates and License of Coin FXC

CoinFXC License and Registration Documents (False)

There’s a certificate that they claim is a valid document from US authorities on their about us page. We did take a closer look and found some shocking details. The form suggests that Ms. Omnapa Lergdee is the Director of this entity.

What is shocking about it is the year she was born. The document claims she was born in 2000, which makes it unlikely she’s the director. These are forged documents that the broker uses to fool unsuspecting investors.

We also did a check with regulators in the jurisdictions they claim to be working under. These include CySEC and SEC. CySEC does not have a broker who is licensed with the above name. The Company registrar in the United States does not have this entity in their records.

It goes to show that Coin FXC IS NOT A LEGAL entity. There’s no way we can trust such a platform with our funds. The risk is too much, considering we have proof they are falsifying documents.

Customer rating and feedback of CoinFXC

There are low ratings when it comes to user feedback on the platform. The website was created a year ago, and the suspicion is growing on their legitimacy. Most consumers have not signed up with the platform citing security concerns.

Others claim they have been bombarded with marketing emails from this website. Calls have been made at odd hours by the staff demanding a minimum deposit of $500.

Domain insights of Forex Exchange Coin

Coinfxc.com Review

The website went live on 15th July 2020. There have been three unique changes on the platform over the last year. We could not get any information on the previous site under Binary options trading.

It seems the users have made changes to their servers as well. With the platform barely a year old, it’s best to stay away from it. No one has come out with proof of making any profit with CoinFXC.

Features and Details of Coin FXC

Account Details

We did a thorough check to try and find out whether the platform had any account types. On their FAQ Page, we clicked on the “How do I begin Trading?” tab. The answer led us to confirm that this is another cloned website.

Members are told to sign up on the site cfxglobalcoin.com. And this is the proof we were looking for. The website is a replica of coinfxc.com. There are four investment plans to choose from.

These plans start with the Starter account, whose minimum deposit is $100 and a maximum of $9,999. The other three accounts are Silver, Gold, and Platinum. Each of the accounts has a guaranteed profit margin of 10, 25, 30, and 40 percent.

Since the broker is making unimaginable guarantees, it’s safe to put them to bed. These are online scam artists who pretend to be valid Crypto brokers. Stay away from both these sites.

Depositing and Withdrawing funds

Since the website has no information on depositing and withdrawing, we used the FAQ page. The broker prefers to handle these two transactions. The broker handles both the deposit and withdrawal activities.

By contacting the member and sending an account number, that’s how they steal from investors. A real broker would have been transparent with their deposit and withdrawal channels.

Support team

Expect no help from this website as their chat tab is a message-send only avenue. Once you send the message, you get a notification that they will get back to you. Don’t expect any response unless you inform them that you want to deposit funds with them.

The response time is within one business day. Any messages regarding the website won’t get any response. The broker is controlling the communication process by choosing when and whom to reply to.

Safety of funds with Coin FXC

Coin FXC Features

There’s no safety of funds with a platform that has no valid license from authorities. With the platform operating a sister website, this is definitely a scam. The broker does not deposit the required amount to start trading.

We are sure the broker does not have the initial capital to start operating under CySEC conditions. These are online scam artists who prefer to scam unsuspecting investors. Please stay away from any of their websites.

Scam or legit Coin FXC

Coin FXC is a scam that’s about to shut down since authorities are hot on their heels. The best option is to stay away from it and avoid any interactions.

Bottom line

The website is a front for online scam artists to steal from Crypto investors. Please stay away from it. We won’t be recommending the use of CoinFXC or their sister website cfxglobalcoin.com.

Choose wisely and get proven Crypto brokers with years of trading experience. These brokers have what it takes to take your trading to the next level. Sign up with transparent brokers and enjoy having the right broker by your side.

We wish all Crypto investors the very best in terms of profitability and safety.

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