CoinCall (Coincall.co) is a Forex broker scam dealing with Crypto currency that should be avoided at all costs. Coin Call is here to wipe your bank account clean if you are not careful. According to their homepage, they claim to offer the world’s most profitable crypto currencies. Don’t be fooled the empty claims and promises posted on their website. Here, we will reveal all the secrets behind this worthless scam.
CoinCall claims to offer high returns on their crypto currency trading platform. This said, you should not believe everything you read on a website. Fact of the matter is, these scammers want to entice you. How do they do it? By creating a website that’s user-friendly and easily entices the naked eye. However, we will reveal what the naked eye cannot see with Coin Call. Read this entire review and find out the truth about Coincall.
Claims and promises are what scammers rely on to trap as many investors as possible. What these scammers do is use claims such as being most profitable crypto provider in the world. Promises such as making high returns is another trap their set to unsuspecting investors. These scammers know for a fact that we all want to make a quick buck or two. What they shamelessly do is claim to have the answer for it.
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According to the disclaimer at the bottom of the homepage, Vaneda Partners LTD is the company behind this platform. This company is registered in St. Vincent and the Grenadines. What this means, by their own admission, is that we are dealing with an offshore Forex broker. Offshore Forex brokers are notoriously known to flaunt industry regulations and rules. First red flag we noted with Coin Call.
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What’s more disturbing about ownership of CoinCall is that it’s not clear who really owns it. Little information is given about the company or people behind this broker. Actually, there’s little evidence that can show that this company really exists. How can we deposit or invest with an unknown entity? Least they would have done is give us a name of one owner of this company. This would have made verification easier.
One thing’s for sure, CoinCall is NOT LICENSED or REGISTERED anywhere on the face of the planet. What this means is that we are dealing with a broker who isn’t using the right channels. This broker is conducting transactions on behalf of third-parties without consent of regulatory bodies.
Unlicensed brokers are notoriously known for flaunting rules and regulations. They never follow strict guidelines and users end up losing money due to unlawful practices. Where are their registry documents? A legit broker would have easily put up registration documents on any of their pages. CoinCall is not going to do this anytime soon simply because they don’t have any documents.
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There’s a picture where this broker claims that you will get live 24/7 support. Folks, this is far from the truth as there’s nowhere on their homepage can you find a chat box. This means that they are lying in regards to users getting professional help. How can they expect users to get help if they don’t offer live support? Least thing they would have done is have a chat bot to help answer a few questions.
Since they don’t have a live chat support, they expect users to send emails. Problem with emails is that they can take forever to get response. And this leaves the user at a great disadvantage. This also means that CoinCall wants to remain anonymous. These owners don’t want any contact with anyone mainly due to legal matters.
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This might come as a shock to many; we discovered that this broker has rigged the demo account. Want to know how Coin Call has rigged their demo account?These brokers have rigged the demo account so that users can make over 90% successful trades.
These fraudsters have rigged the demo account to entice users into opening a real account. They believe that users will want to mirror successful trades with demo account with a real account. Users will open a real account and deposit money with them and hope to make money. Sadly, a real account is totally different as most investors lose all their money with them.
Folks, funds are never safe with an offshore broker. This is a fact since these brokers don’t follow rules set. A broker such as Coin Call may decide to call it quits and leave with your money. Worse still, this broker does not mention who their depository bank is. What this means is that this broker maybe pooling funds in one account. Folks, this is a dangerous practice that investors should be keen on.
Troubling fact is that users maybe depositing money straight to the owner’s personal bank account. This broker does not segregate accounts which led us to believe that we are dealing with a rogue broker. Furthermore, this broker does not participate in a compensatory scheme. What this means is that member funds are not insured from any theft or loses. Once you lose money, you won’t be compensated by CoinCall.
This broker has four different accounts on offer. Users can choose from Micro, Bronze, Platinum, and Gold account. Micro account holders must make a minimum deposit of $250. Bronze account holders must place a minimum deposit of $5000. Platinum account holders must make a minimum deposit of $25, 000 to start trading. Gold account holders must make a minimum deposit of $50, 000 to start trading.
Problem with these accounts is that they don’t have any notable advantages over the other. One would expect that a Bronze account holder has an advantage over a mini account holder. This is not the case as they almost have identical preferences. What this means is that this broker is merely out to get as many people to sign up. Once they get their fill, they will shut down this whole operation.
Without a doubt CoinCall is a shameful Forex scam that must be exposed. Make sure you mark all their emails as Spam and never click on any links sent by them. It has come to our attention that some of the links contain dangerous malware.
As with all scam brokers, we will ensure that we add Coin Call on our blacklist. From the level of anonymity and lack of proper documentation, this is purely a scam. Folks make sure that you never sign up with this dirty broker. Anyone who signs up with them faces a huge security threat involving bank fraud. Make sure you warn your friends regarding CoinCall and stay clear from any promotional material.
Go for Forex brokers who have been Vetted and Tested by the Forex trading community. Forex brokers that are Reliable and Reputable will guarantee your safety when trading. Sign up with Forex trading Brokers that are Available and Affordable at all times.
Always thrive to stay safe when dealing with any online investment.
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