Coins-Capital Review – Why Your Funds Are in Danger With coins-capital.com?

What is Coins-Capital?

Coins-Capital is a cryptocurrency-related platform that offers services such as trading, investment opportunities, and financial management. It aims to provide individuals with access to the cryptocurrency market and assistance in navigating the digital asset landscape. However, it’s important to conduct thorough research and due diligence before engaging with any cryptocurrency platform to ensure its legitimacy and credibility.

Is Coins-Capital Legit or Scam?

The presence of Coins-Capital’s headquarters in St. Vincent and the Grenadines (SVG), a jurisdiction known for its lack of regulatory oversight, raises concerns. It is important to note that the SVG Financial Services Authority (SVGFSA) has ceased regulating brokers within the country. This lack of regulation can have implications for the level of oversight and protection available to clients of Coins-Capital. It is advisable to exercise caution and thoroughly assess the risks associated with engaging with a broker operating in an unregulated environment.

We conducted a thorough examination of several databases to determine if Coins-Capital has obtained licenses from prominent regulatory agencies. It appears that they have not been licensed by regulatory bodies such as the FCA, ASIC, NFA, CySEC, CONSOB, and CNMV.

The absence of a reputable license indicates that this broker does not adhere to regulatory requirements regarding fund segregation, leverage limits, negative balance protection, and compensation plans. COINS-CAPITAL prefers their victims to be native English speakers. They mercilessly deceive people from Canada and Great Britain.

Coins-Capital: Account Types

Speaking of account types and minimum deposits, it is worth noting the broker’s large appetite. Scammers want you to start with large sums right away. That’s why you need $5,000 to get access to the broker’s trading platform. What other types of accounts there are:

• Basic – $5,000
• Bronze – $25,000
• Silver – $50,000
• Gold – $100,000
• Platinum – $500,000

What Warnings Are Issued by the Financial Authorities for Coins-Capital?

The first search will lead you to a warning on the CSA website, from the Manitoba Securities Commission (MSC). The warning states that COINS CAPITAL and WWW.COINS-CAPITAL.COM are not (and never have been) registered in Manitoba to engage in securities trading or to advise anyone on investing in, buying or selling securities.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Analysis of The Domain coins-capital.com

Based on data from the Scamadvisor website, the domain has the lowest rating – only one point out of a possible 100. And a large list of negative highlighters:

• The website owner is utilizing a service to conceal their identity on WHOIS.
• Tranco reports that this site has a low ranking.
• There is a significant quantity of questionable websites hosted on this server.
• The registrar has a substantial percentage of spammers and fraudulent sites.
• This website might provide high-risk cryptocurrency services.
• It is possible that this is a HYIP website.
• This online store provides payment methods that allow for anonymity.
• We discovered a negative connection on social media.
• Scamadviser has received reports suggesting that this website may be a scam.
• This website has predominantly received negative reviews.

How to Make a Withdrawal from COINS-CAPITAL.com?

The information provided in the Withdrawal of Funds Policy is lacking in substance. In fact, even if it were entirely absent from the website, it wouldn’t make much of a difference. The only mildly useful detail mentioned is that withdrawals are supposedly processed within a maximum of 5 business days. However, it is important to approach this information with skepticism, considering it originates from an unregulated scam website.

When dealing with fraudulent companies like COINS-CAPITAL, unexpected fees should always be anticipated. These fees materialize out of nowhere and serve as the company’s desperate attempt to drain your bank accounts and credit cards. However, additional fees are not their only means of extortion.

What Should I Do If I Become a Victim of Coins-Capital?

We understand the distress and concern you may be experiencing. Falling victim to scams can have significant financial consequences. Taking prompt action is crucial to prevent the fraudster from profiting at your expense and to work towards recovering your misappropriated funds. We strongly advise you to contact us immediately for effective assistance.

Our dedicated team of legal experts is ready and available to support individuals in your situation. You can reach out to us at any time, and we will leverage our resources to attentively listen to your concerns and provide expert guidance.