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CoinOptions Trade Review - is it scam or safe?

CoinOptions Trade Review - is coinoptionstrade.com scam or good forex broker?

RATING: 1 / 0 REVIEWS CoinOptions Trade
CoinOptions Trade is an offshore broker. Your money is not safe.

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Investment Plans and Conditions

 

Investment Plan  Min. deposit  Monthly Profit
Basic  $100  up to 70%
Standard  $500 up to 75%
Classic  $5 000 up to 80%
Elite  $10 000 up to 85%
Premium  $25 000 up to 100%

 

CoinOptions Trade claims to offer various investment opportunities via the investment plans listed above. The broker has not presented its offer clearly, but seems to focus on cryptocurrencies.

 

If you are wondering whether investing with CoinOptions Trade is safe and whether it is really regulated, as it claims, read this review before depositing any funds. We have major concerns regarding this broker.

 

 

CoinOptions Trade Advantages

 

High pauouts, reasonable initial investment

As advertised on the broker’s website, one can open an account with CoinOptions Trade by investing $100, which is more or less the industry’s average.

 

Besides, the Basic investment plan offered by this broker  will allegedly bring you a monthly profit of up to 70%. Although such skyrocketing payouts are by no means attractive, , it remains largely unclear how exactly are these profits generated, before being distributed among CoinOptions Trade’s clients.

 

 

CoinOptions Trade Disadvantages

 

Fake license, blacklisted by CySEC

CoinOptions provides an address in the USA and claims to be regulated by the American Financial Services Commission, as well as by the Cyprus Securities and Exchange Commission (CYSEC).

 

 

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It has even uploaded a CySEC license on its website, which is obviously forged. We are sure about this as Cypriot financial watchdog officially warned the public that CoinOptions’ website does not belong to an entity authorized to provide investment services and advice in the country.

 

Click to view larger.

 

Actually, CoinOptions Trade uses the number of A-Conversio Capital Ltd., a legit Cypriot Investment Firm, with which the broker is not associated. Although CySEC has not stated it expressly, this is a popular scam tactic also known as a “clone firm”. Fraudsters use the details of regulated companies in an attempt to mislead investors that they work for a legit, authorised firm.

 

As for the American Financial Services Commission, such does not even exist.

 

Negative feedback

We also googled the company name and it seems that CoinOptions Trade has already swindled a lot of investors out of their money. We stumbled upon a lot of complaints against the broker on several websites. Most of the people complain that every time they asked for withdrawal, company representatives asked for more and more money.

 

No clarity on trading platform & conditions

Another worrisome sign regarding CoinOptions Trade is that the latter reveals no essential trading information, such as spreads, leverage provide, etc. It is even unclear what platform it uses (if any at all). This is also very typical for scam brokers.

 

Promised returns too good to be true

As we mentioned above, CoinOptions Trade promises very high returns, ranging between 70%, and 100% per month.

 

A general rule in the world of online trading is that higher returns always come with a greater risk, and the website of this broker mentions nothing about it. There also isn’t even a general risk warning on CoinOptions Trade’s website and licensed CFD providers in Europe are obliged to include such. Furthermore, as they are also required to announce statistics on the percentage of their clients making losses, we know that actually most traders lose. To be more specific, clients of regulated brokers lose around 70% – 80% of their investment.

 

That being said, a monthly profit of 70% is too good to be true and inclines us to suspect that this is one more false claim of CoinOptions, which is obviously involved in some sort of investment scam scheme.  

 

 

Conclusion

 

Allegedly, CoinOptions Trade is a private investment firm providing asset management services, including Bitcoin Mining Program, Cryptocurrency trading, exchange and crypto assets management, as well as some more “traditional” trading in forex and binary options. 

 

The broker claims to be licensed by CySEC, but our research on the matter revealed this is not true and the regulator has even blacklisted it. On top pf that, CoinOptions Trade promises unrealistically high returns, while failing to disclose essential trading information. All this makes us almost certain that CoinOptions Trade is just another fraudster.

 

We always advise our readers to invest only in licensed brokers and to always check whether the they are really regulated in the respective jurisdictions. Also, it is a good idea to do a due diligence check before you deposit and google the broker name to see whether there have been warnings against it or user complaints.

 

>> Check out a list of brokers licensed in the UK <<

 

 

To sum up our review on CoinOptions Trade:

 

Pros Cons
High payouts, reasonable initial investment Fake license, blacklisted by CySEC
  Negative feedback
 

No clarity on trading conditions, unrealistic profits

 

Latest news about CoinOptions Trade
No news about CoinOptions Trade . Check back later.
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Traders` reviews for CoinOptions Trade

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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