If you’ve decided to open a trading account, you are looking for the best options out there. And you came across Coiniwelt. Or you are already involved with this broker and you have some issues. You want to understand is Coiniwelt regulated. To who you can complain if something goes wrong. We answered this and much more for you in our updated review.
|Regulated by:||No regulation|
|Supported Platforms:||Airsoft web trader|
|Types of Assets:||FX, commodities, indicies, stocks, crypto|
Regulation and Security
Coiniwelt broker is one big mistery. Nowhere on the website, not even in Terms & Conditions, we couldn’t find who is behind this broker. What is the official name of the company in registers? Also, there is no information on where the company is registered. Therefore, we can conclude that the broker is operating most likely from an offshore country, with no regulation at all.
Security of the funds is another question that Coiniwelt is avoiding. Nowhere you cannot see where are your funds held, or where to go if something goes wrong.
So far, Coiniwelt broker sounds like an untrusted broker.
In which countries does this broker work?
When it comes to the area of operations, this broker has no restrictions. Since it’s an unregulated broker, it cannot be operating anywhere. According to all the reviews and the research we did, the broker is operating everywhere. In the USA, the UK, Scandinavia, France, Sweden, Norway, Malaysia.
The main conclusion – wherever you are, do not accept any offers coming from this scam broker.
Can I make a profit with Coiniwelt?
Trading with unregulated brokers is always a challenge. Even if you manage to make some profit, there are no guarantees that you can withdraw it to your bank. Therefore, it is always smarter to trade with some company that is regulated by top-tier regulatory bodies such as FCA, ASIC, or CySEC.
Also, what we were able to notice on the website of the Coiniwelt scam broker, there is a direct link to download AnyDesk. As useful as this app can be in certain situations, it can be more dangerous when used by scam brokers. This way, anyone can get access to your personal bank account and all the information.
Another thing that we’ve seen during our review, the broker offers a so-called Savings Account. Since this broker is not a bank and not a regulated financial institution, it cannot offer any kind of savings account. It is yet another scam, to convince people not to withdraw their profit.
We’ve also gone through many reviews by this scam broker. Most of the clients are saying the same, the broker does not allow withdrawals. After your money is gone, and you see some profit, there is no way to get it back.
We strongly advise you not to accept any offers from this scam broker.
Scammed by Coiniwelt?
What do to when you are scammed by Coiniwelt? First of all, you are not the only victim of this scam broker. There are many people in the same situation. And also, there is a solution. You need to file a dispute and request a chargeback.
But what is a chargeback?
It’s a way of refunding your card in case you were a victim of a scam. Contact our staff for assistance immediately and start the procedure of getting the money back!
Is Coiniwelt a good broker?
Coiniwelt is an unregulated broker that is operating from an unknown country Therefore, we can say that the broker is not good.
Is Coiniwelt a Scam?
Coiniwelt operates with no regulation, from an unknown place. We can confirm that this broker is conducting a scam.
Is Coiniwelt regulated?
Coiniwelt is not regulated by any authority body and operates illegally.
Where is Coiniwelt broker based?
The headquarters of Coiniwelt broker is unknown. The broker does share the details about the company owner or the place of registration.