Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. Once the money is deposited with it, it stops responding to the queries.. They entice with promises of doubling the deposit within 24 hours and similar claims. However, upon closer inspection, several red flags emerge that indicate this may be a potential scam.
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Don’t believe a word in good reviews. I almost lost all my money until i reported to swiftchargeback.us I advise you to avoid this company entirely, i had a bad experience with them, i was lied to and lured in with fake promises. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed. FinCrime Observer works in a content syndicate with FinTelegram and other platforms. Stay far away and they will save you money, hassle and a lot of frustration.
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In conclusion, the evidence strongly suggests that CoinePro poses significant risks to traders. If traders cannot rely on the platform for timely execution, it undermines their ability to capitalize on market opportunities. Reviews of CoinePro reveal a pattern of complaints regarding delayed withdrawals, poor customer service, and overall dissatisfaction with the trading experience. CoinePro has made claims regarding the security of funds, but these claims require scrutiny. Traders have reported issues with withdrawal conditions, including excessive fees for withdrawing funds, which can deter potential investors. While CoinePro claims to have competitive spreads, the lack of a demo account and hidden fees raises concerns.
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Unregulated entities can potentially abscond with your money without being held accountable. When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Then after a week they claimed that I messed their system and I had to pay more commission to get my money back. Hesitating to pay, I decided to pay to close my account. The only difference that Contracts for Difference (CFD) that they are trading are tax exempt and I have to pay tax on my investments.
- In conclusion, the evidence strongly suggests that CoinePro poses significant risks to traders.
- This serves as a precautionary measure to prevent others from falling victim to the same scam.
- The contact details given on the scam’s website are an address in London, the email address , and a German and a UK phone number.
- Do not fall for the scam.
- Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds.
- The lack of regulation, coupled with numerous complaints regarding withdrawal issues and poor customer service, raises serious concerns about the broker’s credibility.
Technology
Do not fall for the scam. The CoinePro scam is apparently just the latest link in a long chain of scams since at least 2017. The quality of order execution is vital for traders, particularly in fast-moving markets.
If you discover yourself in such a predicament, take the subsequent measures to recover your funds:
The broker does not appear to offer segregated accounts, which are essential for ensuring that client funds are kept separate from the broker’s operating capital. Our investigation is based on a comprehensive analysis of regulatory status, company background, trading conditions, customer feedback, and security measures. This article aims to investigate whether CoinePro is a trustworthy trading platform or a potential scam.
Company details
- The absence of detailed biographies or professional histories for the management team further contributes to the skepticism surrounding this broker.
- The regulatory status of a broker is a critical factor in determining its legitimacy and trustworthiness.
- Hesitating to pay, I decided to pay to close my account.
These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. One of the primary concerns with CoinePro is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This serves as a precautionary measure to prevent others from falling victim to the same scam. If necessary, follow through by composing a detailed letter to the regulatory agency in your country, outlining the fraudulent activities. This action underscores your genuine efforts to retrieve your funds. Be vigilant, as scammers may employ various excuses to delay the process.
These issues suggest that CoinePro may not provide the level of service that traders expect and deserve. Several users have reported difficulty in reaching customer support, with many complaints going unanswered. The absence of detailed biographies or professional histories for the management team further contributes to the skepticism surrounding this broker. Unfortunately, CoinePro operates without any recognized regulatory oversight, raising significant red flags regarding its credibility. Established in 2020, this broker has attracted attention due to its aggressive marketing strategies and promises of high returns.
After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot.
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Find out how we combat fake reviews. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Companies can ask for reviews via automatic invitations.
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It is possible coinberry review as I work myself on financial markets. Then they ask you to transfer more money promising 25% return quarterly. You start from a small investment and they sound very helpful trying to show you how easy to get back your money.
The broker claims to be affiliated with “Exchange Power Technology” and is reportedly based in Estonia. The absence of regulation means that there is no governing body to hold CoinePro accountable for its actions. The regulatory status of a broker is a critical factor in determining its legitimacy and trustworthiness.
The lack of regulation, coupled with numerous complaints regarding withdrawal issues and poor customer service, raises serious concerns about the broker’s credibility. It is advisable to explore alternative brokers that are regulated and have a proven track record of reliability. To mitigate these risks, traders should exercise caution when considering CoinePro as a trading option. However, user reviews indicate that the platform may suffer from performance issues, including slow execution speeds and occasional downtime. Notably, instances of traders being unable to withdraw their funds have been highlighted, raising concerns about the broker’s operational practices. Additionally, there are no indications of investor protection measures in place, which are typically provided by regulated brokers.
Dealing with an unregulated company like CoinePro increases the risk factor of your money. CoinePro is an online trading platform, it claims to offer investment opportunities. This company is a massive scam, no response from anybody, they have stolen funds from myself, and 3 of my friends. Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license. Some reputable options include well-regulated entities that prioritize customer safety and transparency.
It was times ago when MR. Charlin called me and gave me a business plan to help me with my financials. They will be following up with poor reviews we have had almost 30k stolen from us So if you ever hear the name of Coinepro on your phone it is how they start to lure you into their scam, switch off immediately.
CoinePro presents a tiered account structure that requires a minimum deposit of $250 for its micro account, which is common among many brokers. When evaluating a broker, understanding the trading conditions it offers is essential. This lack of oversight not only jeopardizes the safety of traders’ funds but also limits recourse options in case of disputes or fraud. Furthermore, the broker has been flagged by several financial authorities, including the UK’s Financial Conduct Authority (FCA) and Spain’s CNMV, for operating without authorization. Regulation ensures that brokers adhere to specific standards and provides a framework for protecting traders’ interests. While regulation alone does not determine a scam, it is an essential factor to consider.
