Cofinancial is an offshore forex broker. Cofinancial is owned and operated by a company called DKG Group Ltd. DKG Group Ltd is said to be based in the Marshall Islands, but they mention name of another entity called LLC IC Prime Broker, which is also according to them represent Cofinancial. However, they claim that LLC IC Prime Broker is regulated by the Central Bank of the Russian Federation. Surprisingly, the fact is that this claim has turned out not to be true. The broker claim to offer a wide range of forex pairs and CFDs on commodities, stocks and precious metals with leverage of 1:200 and a MetaTrader4 platform for trading.
Cofinancial is a broker that tries to lure traders with their offers but is blacklisted as a scam by several financial regulators in Europe. The CNMV, financial regulatory of Spain, the Italian financial regulatory CONSOB, and the Financial Services and Markets Authority of Belgium have blacklisted the broker and warned the people to avoid this broker as it has been suspected as scam. Considering all these we could say that Cofinancial seems to be a scam broker that has jumbling its identity by involving more than one company.
If you have traded with COFINANCIAL and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed COFINANCIAL review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is COFINANCIAL a scam or legit broker?
COFINANCIAL has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with COFINANCIAL contact them immediately and try to get your fund out. If the COFINANCIAL has done the following, you have probably a victim of COFINANCIAL scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.