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The CoinTrust -

Score

1.37 /10
Danger

The CoinTrust

Switzerland

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.thecointrust.com

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Score

Regulatory Index0.00

Business Index5.93

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

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Regulatory disclosure

Danger

PL KNF
2024-09-02
Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney)
The CoinTrust

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • 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

The CoinTrust · Company summary
basic-info

General Information

The CoinTrust is a financial provider registered in Switzerland, offering its clients access to a series of trading instruments, such as Forex, Cryptocurrency, Stocks, Commodities, Indices.

The CoinTrust is operated by SPT Media LLC, a company registered in Saint Vincent and the Grenadines.

Is The CoinTrust safe to trade with？

Obviously, The CoinTrust has disappointed us when it comes to enforcing rules and regulations. It has been verified that this broker is outside of the purview of any regulatory bodies. Consequently, its regulatory status has been classified as “No License” and it receives a quite low score of 1.07/10.

Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.

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Market Instruments

Nation FX claims that it offers over 150 trading instruments. Four classes of trading assets can be traded, which include Foreign Exchange, Futures, Indices, Bonds.

Account Types

The CoinTrust fails to tell us what types of trading accounts are offered, unless you log into its client area to make it clear. The minimum deposit to start investing with this broker is not disclosed either.

Spreads & Commissions

The CoinTrusts official website is too simple to find any spread and commission-related information, which is quite weird.

Leverage

The CoinTrust does not specify the leverage amount that traders can use.

Trading Platform

Please note that The CoinTrust fails to offers its clients popular and industry leading MT4 or MT5 trading platform, which is another worrying sign.

Customer Support

Traders can reach out to The CoinTrust about any questions or concerns they may have about their accounts or their trading through the following methods:

Telephone: +35 725 030 881

Email: support@thecointrust.com

Registered Company Address: First Floor St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

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FX1477085398
more than one year
They've been my go-to broker for a while now and I gotta say, I'm impressed. Their platform is easy to use, the spreads are tight, and their customer support is top-notch. Plus, they offer a wide range of trading instruments, so there's something for everyone. I've had a few hiccups here and there, but every time I've reached out to their support team, they've been super helpful and responsive. And let me tell you, that's a breath of fresh air compared to some of the other brokers I've dealt wit
They've been my go-to broker for a while now and I gotta say, I'm impressed. Their platform is easy to use, the spreads are tight, and their customer support is top-notch. Plus, they offer a wide range of trading instruments, so there's something for everyone. I've had a few hiccups here and there, but every time I've reached out to their support team, they've been super helpful and responsive. And let me tell you, that's a breath of fresh air compared to some of the other brokers I've dealt wit
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2023-04-23 17:51
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海阔天空0375
more than one year
Very bad brokerage! People may think if located in Switzerland, it will be good company. No! Wherever they are located, don't try them! They are a total scam!
Very bad brokerage! People may think if located in Switzerland, it will be good company. No! Wherever they are located, don't try them! They are a total scam!
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2022-12-06 17:25
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