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Caution Investors Coins-Capital – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Coins-Capital is a company that claims to offer various investment and trading services, such as cryptocurrency trading, forex trading, stock trading, and binary options trading. The company also claims to have a team of experts who can provide advice and guidance to customers on how to maximize their profits. However, there are some red flags that suggest that Coins-Capital may not be a legitimate or trustworthy company.
Regulation and Compliance:
One of the most important factors to consider when choosing an investment or trading company is whether it is regulated and compliant with the laws and rules of the jurisdiction where it operates. This is because regulation and compliance can protect customers from fraud, scams, and other risks that may arise from dealing with unlicensed or unregistered entities. Unfortunately, Coins-Capital does not seem to have any regulation or compliance in place. In fact, the British Columbia Securities Commission (BCSC) issued a warning against Coins-Capital on 06 Jun 2023, stating that the company is not registered to trade in or advise on, securities or exchange contracts in British Columbia. The BCSC also advises the public to exercise caution when dealing with Coins-Capital or any other market intermediaries that are not registered in British Columbia. You can find more information about the BCSC warning and the link to the Investment Caution List here: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/coins-capital
Another way to assess the credibility and reputation of an investment or trading company is to look at the customer reviews and feedback that are available online. This can give you an idea of how satisfied or dissatisfied the customers are with the company’s products and services, as well as how the company handles customer complaints and issues. However, when it comes to Coins-Capital, there are very few customer reviews available online, and most of them are negative or suspicious. For example, some customers have reported that they have lost money or been unable to withdraw their funds from Coins-Capital, while others have claimed that they have been harassed or threatened by the company’s representatives. Moreover, some of the positive reviews that are posted on the company’s website or social media platforms seem to be fake or paid for, as they lack details or evidence to support their claims.
Products and Services:
Coins-Capital claims to offer a wide range of products and services for investors and traders who are interested in various markets and assets. The company claims to have access to over 200 cryptocurrencies, as well as forex pairs, stocks, indices, commodities, and binary options. The company also claims to offer different types of accounts and plans for different levels of experience and risk appetite, as well as various tools and features such as trading signals, market analysis, educational resources, and bonuses. However, these claims are not backed up by any proof or verification, and there is no guarantee that the products and services that Coins-Capital offers are reliable, secure, or profitable. In fact, some of the products and services that Coins-Capital offers may be illegal or prohibited in some jurisdictions, such as binary options trading.
Coins-Capital does not provide any clear or accurate information about its location or contact details on its website or other platforms. The company only provides a generic email address and a phone number that does not indicate where it is based or registered. The company also does not disclose its legal name, ownership structure, registration number, or license number. This makes it very difficult for customers to verify the identity or legitimacy of Coins-Capital, as well as to contact the company in case of any problems or disputes.
Coins-Capital claims to have a professional and responsive customer service team that is available 24/7 via phone, email, live chat, or social media. The company also claims to have a dedicated account manager for each customer who can provide personalized support and advice. However, these claims are contradicted by the customer reviews and feedback that are available online. Many customers have reported that they have experienced poor or nonexistent customer service from Coins-Capital, as they have been ignored, delayed, misled, or pressured by the company’s representatives. Some customers have also reported that they have been blocked or banned from contacting the company after they have requested a withdrawal or filed a complaint.
Based on the above analysis, it is clear that Coins-Capital is not a reputable or trustworthy investment or trading company. The company has many red flags that indicate that it may be involved in fraudulent or illegal activities, such as operating without regulation or compliance, providing false or misleading information, offering risky or prohibited products and services, hiding its location and identity, and mistreating its customers. Therefore, we strongly advise you to avoid dealing with Coins-Capital or any other similar companies that are not registered or regulated in your jurisdiction. If you have already invested money with Coins-Capital, we recommend that you try to withdraw your funds as soon as possible and report the company to the relevant authorities.