Score

1.42 /10
Danger

CoinsBanking

Dominica

2-5 years

Suspicious Regulatory License

High potential risk

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.29

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

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
Investor Alerts
CoinsBanking
The Investment Center
BrownFinance
Fortexo
Ozon Finance
TradingFX Global
IGC Markets
AlfaPrime-Markets
ADVANTIUM
Bitreserve
Kiplar
4X Trade
BTC-MARKETS
SAGATRADE
FinoTrend
Holding Partners
Status Markets
AssetShot
Capital Of Focus
Ladson Capital
Liquidspro
FundsProMax
Luxury Capitals
24XFOREX
MarketsEU
LiteGap
MarketsEU
Sterling Specialist
SwissMarketfx
CRPMarkets
Ingoinvest

Broker Information

More

Company Name

Coinswitch LTD

Company Abbreviation

CoinsBanking

Platform registered country and region

Dominica

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-12
  • 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

Pyramid scheme complaint
Expose
CoinsBanking · Company summary

Official Website Unavailable

We could not get relevant information due to failing to visit the official website, besides, the information is not available on other websites as well, thus, clients only take a poorly-conceived browse.

In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Besides, the official website is as follows: https://coinsbanking.com

General Information

CoinsBanking namely, Coinswitch LTD, is an emerging online Forex corporation registered in Dominica, besides, the company is located at 2021/IBC00025 Address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.

Market Instruments

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

Accounts & Leverage

Based on ones initial investment, CoinsBanking offers three available account types including Silver Account, Gold Account, as well as Platinum Account with very different conditions, for instance, the minimum amount is $250, besides, the Gold Account sets a limit to the minimum deposit for $500, furthermore, clients who are a member of Platinum Account are required to $1,000, additionally, the leverage for all accounts is capped at 1:100.

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

Clients are allowed to apply on a web-based trading platform that supports multiple time frames, charts, and some of the most popular drawing tools and price indicators.

Deposit & Withdrawal

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

Customer Support

The customer support team is ready to provide the assistance clients may need, if so desired, please call at 441218276121 or e-mail at info@coinsbanking.com at an appropriate time.

Risk Warning

Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisors.

User Reviews

More

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.
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
Reply
0
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.
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
Reply
0
0
1