TheCoinTrust Review

While the name sounds appealing, there’s nothing trustworthy about TheCoinTrust broker. This firm provides unregulated trading conditions and has no regulation for delivering financial services. More details are further in this review.

Broker status: Offshore Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites:
Blacklisted as a Scam by: N/A
Owned by: SPT Media LLC
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: 2020
Supported Platforms: WebTrader
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: Forex, stocks, commodities, indices, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: Yes


What About TheCoinTrust Regulation?

TheCoinTrust is a brand of SPT Media LLC based in Saint Vincent and the Grenadines. The firm registered its business in November 2020 but never opted for a license. Ever since the FSA of SVG declared itself not in charge of Forex and binary options firms, many brands, such as StakingTrades, Weltex, and FavorTrades, have been operating with no valid license.

Why Must A Broker Have a License?

A broker must have a license to comply with regulatory rules and ensure that you will get your money back, no matter what. For example, Tier1 regulators such as FCA, ASIC, and BaFin ensure that Forex firms have significant compensation funds of over 700,000 EUR.

TheCoinTrust has no valid regulation and cannot be trusted.

In addition to the above, we strongly advise you not to invest in WSPXAGM Markets and Weltex fraudulent brokers.

Traders Reviews About TheCoinTrust

TheCoinTrust reviews are mainly talking about withdrawals. Clients involved with this scheme firm cannot get their money back because the broker is not approving payouts. Instead, the firm will simply freeze your account access and disappear.

Be careful not to fall victim to TheCoinTrust trading scam.

What Platforms Does TheCoinTrust Offer? – Available Trade Software

The broker didn’t disclose much about its trading platform. While it advertises “a platform designed to support traders of all levels of experience,” we’re given nothing but a plain WebTrader. Yes, it’s a solid platform offering essential tools and charts, but far from being satisfying for experienced investors. Furthermore, the leverage and other trading conditions are not disclosed. Instead, look for a broker offering MT4 or MT5.

All About TheCoinTrust Accounts

TheCoinTrust Accounts

While claiming to have a suitable account type for anyone, TheCoinTrust has no account types at all. You can overview trading assets and learn about the initial deposit of $250. Still, there are no different accounts, and it’s unclear whether or not you’re entitled to any perks if you invest more than just an initial deposit.

Does TheCoinTrust Have A Demo Account?

Since there are no Live accounts, we were not surprised to learn that TheCoinTrust has no Demo account as well.

Countries Where TheCoinTrust Operate

According to complaints and our review, TheCoinTrust mainly operates in:

  • Poland
  • Germany
  • UK
  • France
  • Spain

TheCoinTrust Range of Trading Instruments & Markets

The broker offers access to 5 major markets, including:

  • Currency pairs – EUR/USD, GBP/USD
  • Commodities – gold, oil, silver
  • Indices – NASDAQ, FTSE100
  • Shares – Amazon, Apple
  • Cryptocurrencies – BTC, ETH, XRP

Also, avoid the trading frauds Strategic FX, FinsRoyal, and IndexEvolve at all costs! Moreover, before investing, always look into the past of internet trading firms!

About TheCoinTrust Trading Conditions

TheCoinTrust has a lack of basic information. For instance, the spread, leverage, and other fees and commissions are not disclosed. It means the firm can scam you easily, requiring you to pay non-existing fees and taxes, which is what they mostly do. Once you get to withdrawals, you’ll be asked to deposit more funds for bank fees and taxes when, in reality, it’s TheCoinTrust’s last attempt to steal your funds and disappear.

TheCoinTrust Bonuses As A Way To Keep Your Funds

The company gives bonuses with a ridiculous Bonus Policy. You’re asked to have a rollover of 1 lot for every $5 bonus you receive. To clarify, one standard lot is equal to $100,000. So, suppose you got a $100 bonus; you will need to repay the amount of $2 million before being eligible to submit a withdrawal request.

What Is The Withdrawal Charge?

Furthermore, even if you get to submit a request, you will need to pay 20% of your profit since the broker’s employees tell you that’s the company’s share for supporting you with bonuses and helping you invest.

TheCoinTrust Deposit, Withdrawal Methods, and Fees

The broker seems to accept only debit/credit card deposits, which is not as bad. You’re entitled to file a dispute for chargeback within 540 days and get your money back.

Once you submit a withdrawal request, the broker allegedly takes up to 5 business days to process it. However, additional fees are not specified.

Scammed by TheCoinTrust Broker? – Let Us Hear Your Story

If you were scammed by TheCoinTrust, it’s time to file a dispute for a chargeback. Contact us via online chat to book a FREE consultation, and we will ensure to provide you with the best assistance.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction. Get in touch now, and let’s start working on the dispute before it’s too late!

What Is TheCoinTrust?

TheCoinTrust is an online Forex and CFD trading brokerage without a proper license.

Is TheCoinTrust a Scam Broker?

TheCoinTrust is a scam firm operating from an offshore country without a regulation.

Is TheCoinTrust Available in the United States or the UK?

The broker is available in both the UK and the US.

Does TheCoinTrust Offer a Demo Account?

No, TheCoinTrust doesn’t offer a Demo account.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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