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CoinsBanking -

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Score

1.42 /10

Danger

CoinsBanking

Item: CoinsBanking
Rating: 1.42

Dominica

2-5 years

Suspicious Regulatory License

High potential risk

https://coinsbanking.com

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Comparison

Quantity 1

Exposure

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Score

Regulatory Index0.00

Business Index6.29

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Warning

EE FSA

2022-02-02

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Broker Information

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Company Name

Coinswitch LTD

Company Abbreviation

CoinsBanking

Platform registered country and region

Dominica

Company website

https://coinsbanking.com

Company summary

Pyramid scheme complaint

Expose

CoinsBanking · Company summary

Note: CoinsBanking's official website: https://coinsbanking.com is currently inaccessible normal.

CoinsBankingReview Summary
Founded	2021
Registered Country/Region	Dominica
Regulation	Unregulated
Market Instruments	Forex, Commodity, Stock, Cryptocurrency
Demo Account	/
Leverage	Up to 1:100
Spread	0.1 pips
Trading Platform	Web Trader
Min Deposit	$250
Customer Support	Phone: +441218276121
	Email: info@coinsbanking.com
	Company Address: 2021/IBC00025 Address: 8 Copthall, Roseau Valley, 00152 Commonweal

CoinsBanking, namely Coinswitch LTD, is an emerging online Forex corporation registered in Dominica. It offers Forex, Commodity, Stock, and Cryptocurrency trading via a web-based trading platform. The minimum deposit to open a live account is $250. Currently, it has no valid regulations.

Pros & Cons

Pros	Cons
None	Lack of regulation
	Unfunctional website
	No MT4/5
	High minimum deposit

Is CoinsBanking Legit?

CoinsBanking operates without regulation. What's more, it is based in Dominica, which is known for its offshore scam brokers. There is no reason CoinsBanking can be a legitimate broker.

What Can I Trade on CoinsBanking?

The trading list consists of an array of tradable assets, including Cryptocurrencies, Stocks, Forex, and Commodities.

Trading Asset	Available
forex	✔
commodities	✔
stocks	✔
cryptocurrencies	✔
indices	❌
bonds	❌
options	❌
ETFs	❌

Account Type

It is unclear whether CoinsBanking offer demo accounts or not. The minimum deposit requirement to open a live account is as high as $250, while most other brokers require only $100, or even no threshold.

Account Type	Min Deposit
Silver	$250
Gold	$500
Platinum	$1,000

Leverage

CoinsBanking provides access to leverage up to 1:100 to any of its clients. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All we know is that this broker is supposedly provides the 0.1 pips, and there is no commissions info referred.

Trading Platform

CoinsBanking offers a fairly uninteresting web-based trading platform that is inferior to Metatrader 5.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
MT4	❌	Desktop, Mobile, Web	Beginners
MT5	❌	Desktop, Mobile, Web	Experienced traders

Deposit and Withdrawal

CoinsBanking accepts deposits via credit cards. In addition, CoinsBanking charges the withdrawal fee of $30 on any withdrawal that can be justified.

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Warning: Low score, please stay away! 2

Previous Detection : 2024-11-15

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Overview

Biz Area

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Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

I have been scammed

They said that I would do tasks and make profits. I never knew what it was to invest in this coin business. My God, how much ignorance on my part. I have lost all my money. They don't give me a refund. They ask me for more and more to recover my €4,000.

yeni2940

2024-04-07 07:00

CoinsBanking · Company summary

Note: CoinsBanking's official website: https://coinsbanking.com is currently inaccessible normal.

CoinsBankingReview Summary
Founded	2021
Registered Country/Region	Dominica
Regulation	Unregulated
Market Instruments	Forex, Commodity, Stock, Cryptocurrency
Demo Account	/
Leverage	Up to 1:100
Spread	0.1 pips
Trading Platform	Web Trader
Min Deposit	$250
Customer Support	Phone: +441218276121
	Email: info@coinsbanking.com
	Company Address: 2021/IBC00025 Address: 8 Copthall, Roseau Valley, 00152 Commonweal

CoinsBanking, namely Coinswitch LTD, is an emerging online Forex corporation registered in Dominica. It offers Forex, Commodity, Stock, and Cryptocurrency trading via a web-based trading platform. The minimum deposit to open a live account is $250. Currently, it has no valid regulations.

Pros & Cons

Pros	Cons
None	Lack of regulation
	Unfunctional website
	No MT4/5
	High minimum deposit

Is CoinsBanking Legit?

CoinsBanking operates without regulation. What's more, it is based in Dominica, which is known for its offshore scam brokers. There is no reason CoinsBanking can be a legitimate broker.

What Can I Trade on CoinsBanking?

The trading list consists of an array of tradable assets, including Cryptocurrencies, Stocks, Forex, and Commodities.

Trading Asset	Available
forex	✔
commodities	✔
stocks	✔
cryptocurrencies	✔
indices	❌
bonds	❌
options	❌
ETFs	❌

Account Type

It is unclear whether CoinsBanking offer demo accounts or not. The minimum deposit requirement to open a live account is as high as $250, while most other brokers require only $100, or even no threshold.

Account Type	Min Deposit
Silver	$250
Gold	$500
Platinum	$1,000

Leverage

CoinsBanking provides access to leverage up to 1:100 to any of its clients. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All we know is that this broker is supposedly provides the 0.1 pips, and there is no commissions info referred.

Trading Platform

CoinsBanking offers a fairly uninteresting web-based trading platform that is inferior to Metatrader 5.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
MT4	❌	Desktop, Mobile, Web	Beginners
MT5	❌	Desktop, Mobile, Web	Experienced traders

Deposit and Withdrawal

CoinsBanking accepts deposits via credit cards. In addition, CoinsBanking charges the withdrawal fee of $30 on any withdrawal that can be justified.

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User comment

2

Comments

Write a review

จุ๊บ壹轮朝阳จุ๊บ

more than one year

Do not even contact this company !! I talked to them and decided they were a scam so did not proceed. They actually refunded my 250 dollars deposit but persisted with calls to convince me they were genuine. They must have sold or passed my details to others as I am still getting cold calls about cryptocurrency.

Translate to English

2023-03-14 14:21

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0

生林

more than one year

Unrepentant scammers. I would advise you to stay far away from them. their only interest is coming up with new ways of milking you for all you are worth.

Translate to English

2023-02-27 13:37

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1