PredCoin Review – Is This Broker Scamming People? Let’s find Out!

As of May 2023, the broker (Predcoin.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

Is PredCoin a Forex or Crypto Trading Scam

PredCoin is an anonymous company with bold claims. The firm is said to have Tier 1 and Offshore licenses, and collaborates with other companies regarding liquidity.

PredCoin regulation should align with the Australian ASIC and UK FCA, just to name a few. Both have strict requirements and require high minimum capital, fund separation, etc. We wanted to see if PredCoin was able to comply.

PredCoin’s name is not to be found, as expected. We discovered that the domain had been banned by one authority, claiming it was an abusive financial intermediary.

Additionally, if the firm had FCA or ASIC regulations, it would have to limit leverage to 1:30 per regulatory requirement. It would also need to provide the same leverage in EU for compliance with ESMA. Instead, leverage was granted up to 1:500 in FX pairs.

The most effective tool in our fight against online fraudsters has been the client’s report. Do not hesitate to share your story with us and help expose PredCoin trading fraud.

PredCoin, an anonymous and unregulated trading brokerage, is not regulated. The Central Bank of Russia has issued a warning about PredCoin for its scam activities. Their reputation is quite low among investors.

PredCoin Broker Presupposing to be Authorized

PredCoin claims that it holds multiple licenses, as mentioned. They also mentioned:

• IFSCof Belize
• FSCof Mauritius
• DFSAof Dubai
• FSCAof South Africa

They also added BlackRock, Inc., and Ameriprise Financial, Inc. names to their list as cooperators. This information will help PredCoin build its reputation.

It crushed the lie once it was exposed.

Official Warnings against PredCoin Broker Scam

We have an warning about the PredCoin fraud as proof. It was issued by the Central Bank of Russia in October 2022.

It states that PredCoin broker provides illegal financial services to Russian residents. This alone should be enough to discourage you from investing, as your funds could be at risk.

Are PredCoin trading scam victims located?

PredCoin has been online since August 7, 2019. We’ve had many complaints over the last 3 years. The majority of them were from:

• Germany
• France
• UK
• Sweden

This is only a small selection. This brokerage was also active in other countries, illegally onboarding customers without any regulations.

Supported Trading Platforms – PredCoin WebTrader

PredCoin only offers a WebTrader basic trading platform. This firm provides the same software that we have seen many times but with their own logo.

The chart’s left side shows pending orders and trading history. On the right side you will see selling and buying prices as well as available leverage.

Advanced features like EAs and social trading cannot be integrated. The software is completely browser-based. This means that you cannot log in from any app on your mobile device.

The company does not offer third-party software such as MT4, MT5 or cTrader. You would get more TAs and advanced features as well as a cust

What trading assets does PredCoin offer?

PredCoin broker allows you to access five main types of trading instruments such as:

• Currency pairs – EUR/USD. GBP/NOK. AUD/SEK.
• Shares – Amazon, Adidas, BMW
• Indices – NIKKEI225, CAC40, NASDAQ
• Cryptocurrencies – MATIC, DOGE, BCH
• Commodities – silver, palladium, coffee beans

Spreads and Fees

Variable spreads are available at the brokerage, which range from 0.7 to 1.00 pips for EUR/USD benchmark. Although this spread is lower than the industry average, it seems to be favorable. You will need to inquire about other commissions, which are not included in the industry average.

This may sound like a legitimate offer, but unregulated brokers are known to disappear with their clients’ funds.

Comparing Trading Accounts – What is the Difference?

Here’s a list of PredCoin trading account overviews for those who are still interested in making a deposit to this financial fraud.

1. Beginner – $150
2. Amateur – $1,000
3. Professional – $10,000

A beginner account offers lower leverage and other basic perks. An amateur account brings crypto trading and deposit protection. Upgrade to Professional and you will get “protection for deposits” as well as 24-hour support.

Deposit insurance or protection is not available. This is a great story to convince you to invest.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

PredCoin: Video

Below you will find a short video about PredCoin. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about PredCoin!