An investor needs to know about a broker before starting to trade with a new broker. If you are planning to trade with Coinx Digital, you should read this comprehensive Coinx Digital review. Scam Help Center Team suspects Coinxdigital.cc as a fraudulent broker. Read the details here.
Website – https://coinxdigital.cc/
Website Availability – Yes
Address – 60a Station Road, North Harrow, England, UNITED KINGDOM, HA2 7SL
Blacklisted Status – Financial Conduct Authority (United Kingdom)
Domain Age Information –
- Domain Name: COINXDIGITAL.CC
- Registry Domain ID: 195790097_DOMAIN_CC-VRSN
- Registrar WHOIS Server: whois.namesilo.com
- Registrar URL: http://www.namesilo.com
- Updated Date: 2023-09-05T17:30:39Z
- Creation Date: 2023-09-05T17:30:36Z
- Registry Expiry Date: 2024-09-05T17:30:36Z
Fraudulent Activities of Coinx Digital broker
COINEX DIGITAL quickly made a name for itself online by using a template that purported to be associated with the London Stock Exchange. The Financial Conduct Authority (FCA) has reported this alleged UK-based broker for providing financial services without the required permission. According to the FCA’s warning, COINEX DIGITAL may not be following the rules while conducting business in the UK financial sector. This warning sign emphasizes how crucial it is to confirm a broker’s qualifications and regulatory standing before doing any business.
Negative Reviews and Red Flags
A key consideration in assessing the reliability of Coinx Digital is the frequency of negative Coinx Digital reviews on various platforms. These reviews frequently attract attention to concerns like withdrawal difficulties, unhelpful customer service, false information, and obvious deceit. Due to the many negative Coinx Digital reviews, which highlight the risks involved in trading on the platform, prospective investors are advised to proceed with care and look into other, more reliable brokers.
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Regulatory Warnings and Their Significance
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of Coinx Digital’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses.
Why Is Trading with an Unlicensed/Unregulated Broker’s Platform Not Preferable?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of Coinx Digital broker
Coinx Digital seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
Coinx Digital offers assets that are highly risky and result in huge losses of investors.
Coinxdigital.cc sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is Coinx Digital a fraudulent or legit broker?
Based on the regulatory warnings and negative reviews surrounding Coinxdigital.cc, it appears to lean towards the classification of a potential deceit. It is recommended that investors proceed with utmost caution and consider other brokers that have legitimate regulatory licenses and good standing in the trading community.
Concerned about potential deceit? Protect yourself from fraudulent brokers by getting a free consultation.
Got Scammed by Coinx Digital? Scam Help Center Is Your Solution for a Refund!
For victims of Coinxdigital.cc, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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