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Coinfliptrade Review: A Dismal Crypto Platform

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Coinfliptrade Review: A Dismal Crypto Platform

Coinfliptrade claims to offer Binary and Bitcoin trading. The platform also claims to provide investors with a guaranteed profit margin. All you have to do is deposit with them and wait for the profits to soar. Of course, this isn’t the case, as those who have already signed up know. Coin Flip Trade is nothing but a dismal platform taking advantage of naïve investors. Learn more in our detailed COINFLIPTRADE REVIEW.

About Coinfliptrade

Coinfliptrade Review

On the about us section, the platform claims to have the best server security. It’s a marketing gimmick to try and show the platform as secure. With no DDoS protection or SSL encryption, we don’t believe it to be so.

According to them, since its establishment, the platform has been successful in every sense. Sadly, their idea of success is far from reality. The platform is facing several withdrawal complaints from investors.

You will also notice the platform doesn’t list its mission or objectives. And this is a real problem for investors. You would expect such a “successful” platform to make the goals known to everyone.

When looking for a reliable investment platform, you need proven and expert-backed options. And this is why we recommend using Coin Staking, DeFi, and Masternoding. It’s the best way to invest and have a fruitful trading experience.

As far as their trading goes, we haven’t seen or heard anyone praising the platform. There is a lot of missing information on what the platform exactly offers. An excellent example is their preferred trading platform which remains unknown.

Before investing funds in any platform, you need to ensure you have what it takes. You also need to do due diligence and understand how investing and trading works. We suggest you read our reviews on Crypto and forex-related investment platforms.

Accounts Coinfliptrade

Coinfliptrade offers four investment platforms, with each coming with a guaranteed profit margin. The four accounts include Starter, Silver, Premium, and Gold. Payment option for all accounts is listed as Bitcoin.

Here’s a closer look at the four accounts

Starter

The starter account is best for beginners. It comes with a guaranteed profit margin of $15 percent. However, the daily profit will be withdrawn after a vesting period of two to three months. And this changes the aspect of these accounts.

Silver

For the silver account holder, you must deposit $600 or a maximum of $3 999. Again, there’s a promise of 45 percent profit. The vesting period is set for three to four months. During this period, the user can withdraw 10 percent of their initial investment.

Premium

With the premium account, investors must deposit $4,000 and a maximum of $9,999. The vesting period is for four months. Your promise after this vesting period is over is 75 percent net profit.

Gold

It’s the most exclusive account, with members having to deposit over $10,000 to use it. There’s a five-month vesting period with the platform promising 100 percent returns. After five months, you get $20,000.

Coinfliptrade Accounts and Packages

For the other types of trading accounts, there’s no mention of leverage or spreads. As a result, investors are left in the dark regarding the available pairs for Crypto and forex. And this is the reason we believe Coin Flip Trade is taking investors for a ride.

Assets and trading instruments

The platform comes out as an asset management platform as opposed to a trading platform. So we don’t have a clue as to how members trade binary or crypto assets. As far as forex trading goes, there’s no mention of it.

Coinfliptrade doesn’t provide much information on the available assets. We don’t know the cryptocurrencies available on the platform. We believe the platform claims to offer Bitcoin as the only crypto asset.

And this doesn’t give members any chance to trade with other leading Cryptos. An excellent example is Cardano and Ethereum, which are gaining ground. There’s no room to spread risks with other crypto assets.

Awards and Accolades

To try and make the platform look real, there are false awards listed on the platform. These awards included Best Forex trading platform in 2014. However, if you look closely, you notice their name is not engraved on these awards.

The awards are logos that can be downloaded for free. Coin Flip Trade does this to ensure all users see it as a valued investment platform. The website didn’t even exist in 2014. No award in the UK claims Coinfliptrade.com as the winner.

Business holder

The platform claims to reside in the UK, and no names are mentioned. Which leads us to believe we are dealing with an anonymous investment platform. The company house in the UK doesn’t have any information on the platform.

With anonymous platforms, it means there’s no transparency. The platform should come clean and list the reasons why this is the case. You won’t have any chance of recovering funds from an anonymous platform.

Client Testimony

Other false statements found on the platform include client testimonies. These are attempts by the platform to make the platform appear successful. You will notice the users are not found on any social media pages.

Coin flip trade Client Testimonial

The platform uses stock images and posts content as client testimony. It’s not the case, and no one should even think of signing up. To get the real picture, go to TrustPilot and see what real investors are going through.

Coinfliptrade License and Registration Status

Coinfliptrade is not a compliant platform, and the FCA doesn’t have them as regulated. The platform is, without a doubt, a sleazy investment channel. Without any compliance from regulators, the platform does as it wishes.

And this is the reason there’s no mention of leverage or spreads on the platform. You should sign up with platforms that are upfront about their license. A legit platform will post copies of their license certificate for all to see.

When searching for the right investment platform, go for one with a proven track record. In addition, make sure to use a platform licensed by official regulators. These include ASIC, BaFIN, CONSOB, CNMV, CySEC, FCA, NFA, and SEC.

The above regulators fight to ensure all parties adhere to strict regulations. And this means following the set minimum deposit of $250 and maximum leverage of 1:100. So your funds are also safe with regulated platforms.

Contact and support

There’s no live chat despite claiming to have superior technology to advance their cause. The platform tries to control the communication process as best as it can. There are no phone numbers members can use to talk to a live agent.

We have seen this before in high-investment platforms. The platform doesn’t want to be bothered with your queries. And as such, the platform limits communication to emails. With emails, the platform decides which ones to respond to and which ones to ignore.

Funding accounts

When it comes to funding accounts, the platform has a barrage of channels to use. You can use bank and wire transfer as well as Crypto.  Depositing funds is straightforward, with the process taking less than five minutes to complete.

Withdrawing funds is what makes the platform a huge scare. You won’t get to withdraw funds with the platform in due time. Despite claiming withdrawals are instant, the majority of members know it’s not the case.

Safety of funds with Coinfliptrade

Are funds safe with Coinfliptrade

Your funds are far from safe with an anonymous and unregulated platform. For example, there’s no insurance cover for deposits made. In addition, the platform is pooling all funds in a single account which is against trading regulations.

Why you should stay away from Coin flip trade

Here are the reasons to stay away from Coinfliptrade.com

  • A lack of compliance
  • Contact and support is minimal
  • Unknown trading platform
  • Security of funds
  • Withdrawal delays

Now you know the risks when you decide to invest with coin flip trade.

The best way to invest is using compelling investment platforms with a proven track record. Start making realistic returns with proven strategies such as coin staking and Masternoding.

If you have any queries, feel free to leave a comment or write to us.

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