An investor needs to know about a broker before starting to trade with a new fx broker or any other trading platform. If you are planning to trade with Forex Coin Investment, you should read this comprehensive Forex Coin Investment review. Scam Help Center Team suspects Forex Coin Investment as a fraudulent broker. Read the details here.
Website – www.forexcoininvestment.live
Website Availability – No
Address – 77 High Street, Littlehampton, West Sussex, UNITED KINGDOM, BN17 5AG
Blacklisted Status – Financial Conduct Authority (United Kingdom)
Domain Age Information –
- Name forexcoininvestment.live
- Registry Domain ID d4c9a31f62aa42a098895c98976069c4-DONUTS
- Registered On 2024-09-04T17:34:21Z
- Updated On 2024-09-09T17:35:00Z
- Domain Status clientTransferProhibited https://icann.org/epp#clientTransferProhibited
- Name Servers dan1.host-ww.net,dan2.host-ww.net
Fraudulent Conduct by Forex Coin Investment Broker
FOREX COIN INVESTMENT claims to be registered with the Securities and Investments Commission (SIC), but no such regulatory body could be found after a thorough investigation. This raises concerns that the broker may have fabricated a fake registration. Although the platform claims to be based in the UK, any company operating foreign exchange services in the country must be licensed by the Financial Conduct Authority (FCA). However, upon further inquiry, the FCA has issued a warning against FOREX COIN INVESTMENT, suspecting that the company is offering financial services or products without proper authorization in the UK, signaling potential regulatory violations.
Red Flags and Negative User Reviews
A key aspect to consider when assessing Forex Coin Investment’s reliability is the widespread presence of negative reviews across multiple online platforms. Many of these reviews highlight serious concerns, including difficulties with withdrawals, unresponsive or poor customer service, misinformation, and clear evidence of Romance fraud and other types of fraud. Such reviews present a troubling picture of the platform’s practices and raise red flags for prospective investors. The frequency of these negative experiences suggests significant risks associated with trading on Forex Coin Investment. Issues like these can severely undermine a trader’s confidence, highlighting the potential for financial loss or fraudulent activity. Therefore, it is highly advised that prospective investors proceed cautiously when dealing with Forexcoininvestment.live. It may be wiser to explore more reliable and reputable forex trading brokers, particularly those featured on the genuine and trusted brokers list, to safeguard investments and avoid unnecessary risks.
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Importance of Regulatory Warnings
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 Forex Coin Investment’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. In a Forex Coin Investment review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unauthorized Brokers?
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 Fraudulent Activities of Forex Coin Investment broker
Forex Coin Investment seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
Forex Coin Investment offers assets that are highly risky and result in huge losses for investors.
Forex Coin Investment sales staff continues to call the investors and force them to invest more and more money.
Conclusion- Is Forex Coin Investment a fraudulent or legit broker?
Given the regulatory warnings and negative Forex Coin Investment reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
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Got Scammed by Forex Coin Investment? Scam Help Center Is Your Solution for a Refund!
It’s critical for Forex Coin Investment victims to seek assistance from websites like the Scam Help Center. Recovering your money through a chargeback could be possible if you suspect dishonesty. You should act right away and take careful documentation in order to strengthen your case and accelerate your recovery.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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