Ecoin Stock (Ecoin-stock.com) is black-hearted CFDs and Forex scam broker to hit the lucrative Cryptos Financial world. ECOINSTOCK has been taunted to be one of the biggest scams so far in the crypto world. Audrey Bradford sent us a compelling email on how she lost all her funds with this broker. This prompted us to carry out an in-depth investigation regarding Ecoin-Stock. Read this detailed and honest review of Ecoin Stock.
As we always state in all our reviews, it’s good to find out what other people are saying about any broker. That’s why reviews are meant to open up your eyes regarding certain Crypto brokers. Ecoin Stock has a user-friendly and attractive website, there’s no doubt about that. This however, is not a good reason to sign up. Scammers make sure that their grab your attention with the homepage.
Promises are another factor that scammers use to get as many people to sign up with their platforms. Ecoin Stock is no different as they have over the moon promises. Scammers know for a fact that everyone wants to make a quick buck or two. This is how they take advantage of this need, by claiming to have a quick answer. EcoinStock claims to have an innovative way to earn and save money. Is this all true? Find out why Ecoin Stock is a Scam.
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What is particularly odd with Ecoin Stock is that there’s no details concerning who owns it. There are no details as to whether it’s a single person or a group of companies that own EcoinStock. This is a red flag that we immediately flagged down as it means we are dealing with an unknown entity. How do they expect us to sign up with a broker whose details we know nothing about?
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Furthermore, we tried contacting the phone number listed at the footer of the homepage. This phone number is apparently based in Afghanistan. Please, do not open an account with Ecoin Stock as this is quite dangerous.
Ecoin Stock is not licensed or regulated anywhere on the face of the planet. This brokerage firm has no indication of being registered anywhere on earth. How can they be registered and they don’t have any documentation? A real broker ensures that they post their regulation documentation on their contract page. Sadly, with EcoinStock, there’s no such thing as being regulated.
How about we put this licensing issue to bed by contacting the regulatory bodies. Some of the regulatory bodies we contacted have never heard of Ecoin Stock. These regulatory bodies include FCA, CySEC, FSA and Italian Trades Commission. This is concrete proof that we are dealing with a professional scam outfit. There’s no way that we would deposit money with an unregistered broker.
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Once you visit the about us page, you will realize that they have put up a good show. As we said earlier, promises are what makes many investors sign up with crappy brokers. Ecoin Stock has used fake claims such as best pricing, liquidity and execution. Other promises include innovative trading technology. What innovative trading technology do they use and fail to mention? This is a hook to get people to sign up.
According to the about us page, Ecoin-Stock guarantees deposit of protection of funds. Folks, this is not true as Audrey is a victim of such a lie. As we earlier said, scammers will say or do anything to have people sign up. Once you sign up, this is the last you will hear from them. Make sure never to sign up with Ecoin Stock.
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Problem with this broker is that they claim to offer users all year-round trading. This statement can be seen on their about us page. This begs the question; how can they be trading during the weekends? Best thing is to stay away from their empty promises.
Another problem we have with this broker is that they don’t have a live chat support team. In this era, you expect a professional Forex broker to have a Live chat support team. This is essential especially when members want to get clarification. And this is another clear evidence that owners of this platform want to remain anonymous. Why would they insist on using red asterisk on their platform?
According to the homepage, Ecoin Stock has a simple and effective platform that is easily connected. What’s more, they claim to be accessible from any media and contains a wide range of analysis tools. Problem with their platform is that we could not download it. Platforms should be compatible on all devices for easy trading.
Sadly, with Ecoin Stock, download stalled at 25% and this is a dangerous platform to trade with. Furthermore, it means that their platform is unstable and prone to attacks. Hackers find unstable trading platforms as prey for personal data collection. Worse still, hackers can take over this platform and steal credit card details. This means dealing with this broker will most likely lead you to lose money from hackers.
To be brutally honest, no one is safe with EcoinStock. Funds are without a doubt NOT SAFE with Ecoin Stock. As we earlier said, no one knows who actually owns this platform. For all we know, members are depositing money straight to the owner’s personal bank account. Don’t sign up with this broker to avoid any losses. This broker does not have segregation of funds, if they did. Audrey won’t have lost money.
Another disturbing feature with this platform is that there’s no compensatory scheme. In case this broker goes bankrupt; your funds will not be spared. Is Ecoin Stock a Scam?
Ecoin Stock is without a doubt a scam in the making. Make sure to avoid signing up with this broker. Evidence clearly suggest we are dealing with a fake broker.
All investors are asked to stay away from this broker. Make sure you mark all their emails as Spam and never click on any links. As ardent Crypto traders, we have no other option but to blacklist this broker as a scam. This is the only way investors will remain safe while trading with Cryptos.
At all times, go for Forex Brokers who are Certified and Vetted by the Trading Community. Having Forex Brokers who are experts and professionals mean you will be safe. Sign up with Accepted and Accurate Forex brokers who ensure you make reasonable Profit margins. This is a Sure way of making money with Forex trading.
Wish you all the best of luck when trading Cryptos. Stay safe and use Recommended Products at all times
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