Coiniwelt Review: Avoid this Platform

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Coiniwelt Review: Avoid this Platform

CoiniWelt is a company that claims it boasts the confidence of the traders. The platform brags of having an expert at the disposal of their clients. It is not easy to identify the red flag which the entity avails. The firm also states that they are committed to helping their customers.

You will not find a legit company offering a trading bonus to their clients. The platform claims that the process of opening an account is easy. Some of the currency pairs you can trade are AUD/JPY, AUD/USD, AUD/CHF, EUR/JPY, GBP/CHF, CAD/JPY, and CHF/JPY.

The possibility of this platform being a scam is very high. The company is trading forex, indices, cryptos, and metals. Getting started in this venture is easy, and you only need to choose the asset you wish to trade.

Additionally, you need to select the take profit and the stop loss. Then choose the size of your trade. You can trade anywhere you are using their application. The app is available for both android and IOS devices.

The trading broker states that one of their main objectives is to offer the safety of funds to their clients. They allegedly use the latest technology to achieve high-security measures. Unfortunately, we do not recommend trusting an offshore venture with your info or money. Review

The broker does not have the popular MT4 trading platform. It avails a web-based platform that is basic and common with scammers. The company has trading and saving account types. The minimum amount that the firm accepts is $250.

CoiniWelt is also offering webinars and educational resources to its clients. The quality of the information they provide is unknown. Shady firms provide their clients with basic information, which can be found for free on the internet.

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CoiniWelt Review, CoiniWelt Platform

The platform claims that it offers the security of funds to their clients. However, the only thing that this entity has is an SSL certificate. It is not enough to protect you from losing funds. Your biggest worry should be the people who are handling your money in this entity.

CoiniWelt has a saving account for their clients. They avail interest rates to their clients. Therefore, you can make a profit, but there is a certain amount that you need to have to open a saving account. Considering that the entity is not regulated, trusting them with your money is a foolish idea.

Invest with legit forex trading companies that are transparent. Furthermore, these brokers have no intention of stealing from their clients. Invest wisely, and you will never regret it. Moreover, these entities have reliable testimonials from their existing clients.

How Does CoiniWelt Operate?

The entity operates like all other scams in the market. They have a cold room where they conduct their calls. They sound very professional, and it is easy to scam you. Once they call, the sales representative will convince you to deposit funds with them.

Once you agree, they will close the deal, and you will never hear from them again. The withdrawal request will not go through. You should avoid investment entities that are shady and unreliable.

Investment has become popular, and a lot of people are trading online. One thing you should put into consideration is that not all companies are reliable. Scammers become smart, and they pull a new trick every time.

To gains reasonable returns, you need to trade successfully. CoiniWelt is a platform that does not do much to win the trust of investors. They are only after making sales. Investing with them will only leave you high and dry.

Withdrawal and Deposits

Investors can cash in funds using Internet payment, wire transfers, and credit cards. The minimum amount that you can cash out is $50. They do not charge any fee upon withdrawal. However, the only method of payment available is the credit card option.

The venture has trading bonuses. It might sound like an attractive offer, but the problem is these rewards come with strange requirements. It is not easy meeting the needs, and you might never withdrawal the amount. Read the terms and conditions of an investment venture to avoid surprises.

Trading Conditions

CoiniWelt avails leverage of 1:200 for their customers. You will not find investment companies regulated by the authority offering such a high amount of power. The EUR/USD currency pair has a spread of 3.8 pips.

The entity has six trading accounts available for their clients. The least amount of funds that you can cash out is $50. The withdrawal requests will be handled within a period of 2 to 5 business days. In the case of inactivity of 6 months, the venture charges a fee of 10% every month.

Contact Details

The location of CoiniWelt is at Marshall Island. The area is infamous for accommodating scammers in the market. Investors can only contact the firm using email. The support team is allegedly available 24/5.

Legit companies will avail numbers of communication means which traders can use to reach them. They will have a live chat and a telephone number. Additionally, you will also have a physical address, and you can visit their offices whenever you please.

Unfortunately, CoiniWelt is a scam that is operating illegally and should be avoided. They are anonymous, and you cannot tell the real location of the venture.

Regulatory Status

CoiniWelt is a suspicious company that does not have a license from renowned jurisdiction in the market. The entity is operating illegally, and the fact that they are from Marshall Island raises even more doubts.

It is not wise to invest with them because getting registration from Marshall Island is as simple as a pie. The country does not have strict measures for investment companies. The company does not a compensation scheme in place.

There are multiple financial watchdogs in the market, like FCA, ASIC, NFA, and CySEC. Depending on your country of origin, these bodies ensure that your funds are secure. Scammers will not set up a compensation scheme because the required initial capital is enormous.

Additionally, you might end up depositing funds in the scammers’ account. Offshore ventures do not segregate the accounts of investors. Therefore, they use the money deposited in the entity for their selfish gain.

Is CoiniWelt Legit?

The venture is not legit, and investors who join them to make profits will be disappointed. The entity is fully anonymous and fails to share information with authority. The venture is not reliable, and it can operate against the law whenever they want.

Moreover, no corporate oversee the operation of this firm. The law will not come to your aid once this venture collapses. CoiniWelt does not offer fund safety to traders. We cannot fund anything positive regarding this entity.

Ask yourself why is the company operating discreetly if they have nothing to hide? The platform is only trying to make money from you. The only way to yield returns is by investing with a trustworthy firm that is regulated.

If you are not convinced that this is a suspicious venture, deposit funds using the credit card option. You can issue a chargeback when things go sideways. They are not regulated, which puts your funds at more risk.

Final Verdict

CoiniWelt is a scam venture that has nothing positive to offer investors. The firm is an offshore venture that is not worth your time. Invest with a legit forex trading broker that is reliable and trustworthy.

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