CoinFirst Review – Is Investing in Coinfirst.cc Safe?
CoinFirst presents itself as a financial brokerage company supposedly registered in China. However, the lack of regulation, an inaccessible website, and severe trust issues raise serious concerns. In this CoinFirst review, we’ll explore the warning signs that suggest CoinFirst could be a scam broker.
About CoinFirst
Company Name – CoinFirst
Website – https://www.coinfirst.cc/Pc/Index/index.html
Address – NA
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.
Key Issues with CoinFirst
No Regulatory Oversight
One of the strongest red flags is the absence of proper regulation from CoinFirst. The broker is not licensed by any well-established financial regulator. WikiFX, a reliable review site, awards it a very low rating of 1.41/10. This absence of regulation leaves the traders with no legal recourse, and there is no monitoring to guarantee honest and transparent trading.
Non-Functional Website
CoinFirst’s official website (coinfirst.cc) is currently non-functional. A legitimate broker should have an accessible website offering crucial information about trading platforms, assets, leverage, spreads, and more. The fact that CoinFirst’s website is down raises immediate doubts about its credibility and reliability.
Missing Trading Software
CoinFirst also does not have confirmed trading software. This is a significant issue for anyone seeking to trade on the platform. Established brokers normally have a dependable trading platform that customers can use to access the market. CoinFirst’s lack of such a platform indicates that it may not be an actual trading entity.
Trust Issues and Low Ratings
Low Trust Score from Scam Detector
Scam Detector, a well-known fraud detection website, gives CoinFirst an alarming trust score of 0.8/100. This is the lowest possible score, indicating high risk and potential fraud. The platform is associated with terms like phishing, high-risk, and beware, further solidifying suspicions about its legitimacy.
Lack of Customer Support
CoinFirst does not give any contact details or customer support information, including a phone number, email, or office address. Legitimate brokers ensure that it is easy for clients to contact them, but CoinFirst gives no such information, which is another red flag.
CoinFirst Review: Conclusion
Based on the above concerns, this CoinFirst review strongly advises against using this broker. With no regulation, a non-functional website, and trust issues, CoinFirst appears to be a scam.
How Scams Report Can Assist Victims Get Their Funds Back
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- Free Consultation: We analyze your case and advise on the best recovery strategy.
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About Scams Report
Scams Report is a trusted fraud reporting and fund recovery assistance company dedicated to helping victims of financial scams. It provides expert guidance, chargeback support, and legal assistance to recover lost funds. Additionally, its blog educates users by exposing fraudulent brokers and investment scams, ensuring safer financial decisions for traders worldwide.
All newly invented fraudulent schemes to fool new traders are constantly monitored by us on the Internet. For over a decade, we have been collecting scam-related data, so we do believe in knowing every UNFAIR company operating in the market. Therefore, we have gathered the information regarding the scammers from the List of SCAM Brokers for you.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
