Is Coinandmarket a Legitimate Broker?
Coinandmarket presents itself as a forex and CFD trading platform for both retail and institutional investors. However, the lack of regulation raises serious concerns regarding its credibility and safety.
Company Name – Coin And Market
CoinandmarketWebsite – https://coinandmarket.com/
Address – Gateway East, White City, W12 7TU, London, United Kingdom
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Unregulated and High-Risk Operations
- No Regulatory Approval: Coinandmarket is not authorized by any financial authority, exposing investors to significant risks.
- Ponzi Scheme Allegations: Reports indicate that the broker operates on a Ponzi model, using new investor funds to pay earlier participants.
- Numerous Complaints: Users report withdrawal issues, poor customer support, and hidden fees.
Scam Indicators and Customer Concerns
Investor Complaints
- Difficulty withdrawing funds
- Unexpected charges
- Lack of transparency in operations
Fraudulent Practices
- High-pressure tactics to deposit more funds
- No clear dispute resolution mechanism
- Unlicensed financial operations
Report a Scam
If you have been scammed by Coinandmarket, take immediate action:
- Gather chat logs, emails, and transaction records.
- Inform fraud prevention organizations and financial regulators.
- Seek professional fund recovery services.
- Share your experience to warn others.
About Scams Report
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- Detailed scam broker reviews
- Fund recovery assistance
- Educational tools to detect fraudulent brokers
- Free consultations to help victims take action
Use Scams Report to stay informed and safeguard your investments.
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