Coinsmex is an unlicensed Forex and CFD broker that is owned and operated by Omnicron LTD that claims to be based in Bulgaria. Do you agree with the Coinsmex’s average rating? Is Coinsmex legit or a scam crypto broker? P
Coinsmex is considered not safe, as it is new and not regulated and licensed by top-tier financial authorities, like the CySEC in Europe, UK FCA, the Australian ASIC and the US CFTC.
For your typical broker check, see how we test.
These scam artists have decided to clone a Crypto trading website and steal funds from unsuspecting investors.
A true broker will post copies of their license and registration for all to see. By doing so, they show transparency and give users a chance to verify the details. We checked with the EU authorities and no results were found.
However, we saw that this broker have been sanctioned by the Italian regulator CONSOB and the Financial Services and Markets Authority (FSMA) for operating illegally in Europe.
A platform with no valid trading credentials simply cannot have any advantage. With such fake details being used to lure investors, we are sure no profit comes forth. Use of fake registration details couples with being flagged EU watchdogs are proof Coinsmex was a scam. Ensure you have a valid broker every time you sign up with an online investment platform. What these scam artists are doing is using fake credentials to lure investors.
Coinsmex is furnishing users with two categories of account types to choose from. Accounts are named Trade and Invest. What we noticed with these accounts is similar features which don’t work.
After what we have learned, it is clear Coinsmex is a scam. Mark all their emails as Spam and never click on any links sent by their email marketing team. Warn your family and friends from joining any of their affiliate programs.
After going through all evidence, we are sure using this platform will lead to more misery than good. Adding this platform to our scam blacklist will protect our readers from falling into this trap.
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Vantage FX is a popular broker that is licensed in Cayman Island and Australia. Social trading is offered via service providers like ZuluTrade and Myfxbook.
VantageFX offers attractive leverages on MT4 trading platforms, with very tight spreads, learn more.
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