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Cointeck Review - is it scam or safe?

Cointeck review - Is scam or good forex broker?

RATING: 1 / 4 REVIEWS ForexBrokerz Cointeck
Cointeck is an offshore broker. Your money is not safe.


Cointeck is a CFD broker focused on the crypto currency market, which unfortunately does not have a license to provide its services on regulated markets like Europe, the US, Australia or Japan or anywhere else where proper authorization is required by law.


Account type Min. deposit Max. leverage Spreads
Basic Account $250 n/a n/a
Bronze Account $1000 n/a n/a
Silver Account $2500 n/a n/a
Gold Account $10 000 n/a n/a
Platinum Account $25 000 n/a n/a
Black Account n/a n/a n/a


Cointeck Advantages:


Plenty of crypto CFDs


Actually Cointeck is focused solely on the crypto market, offering CFD trade with 36 crypto pairs, with basically all major coins like Bitcoin, Bitcoin Cash,  Ethereum, Ethereum Classic, Dash, Zcash, Ripple, Monero, NEM, Stellar, Nxt, Litecoin, Bytecoin, BlakCoin and OmiseGO. Of course, you can always check our list of brokers offering Bitcoin CFDs as well:


>>Bitcoin Forex Brokers<<


Various payment methods


Cointeck accepts deposits in a lots of ways including various e-wallets like PaysafeCard, WebMoney, QIWI Wallet, Yandex Money, AstroPay, Neteller and Skrill


They also accept payments with VISA and a bank wire, but there is no option to pay with Bitcoins for example, so here you may check our list of brokers, accepting bitcoins as payment:


>>Forex Brokers Accepting Bitcoin<<


Acceptable minimum deposit requirement


You can open a trading account at Cointeck with 250 USD and that is in line with what most other brokers would ask you as a minimum deposit requirement. Still have in mind that some big well established players like FBS and IG do not have a minimum deposit requirement at all.


Cointeck Disadvantages:


No license


Cointeck is owned and operated by CCLR Limited – an Estonia based company, but as we already noted, they do not have a license to provide brokerage services. That is a major setback and our main issue with Cointeck.


Note, that the safety of your investment with unregulated brokers depends solely on the integrity of the people, who run those brokers. So we strongly advise you to deal only  with brokers, regulated by well respected institutions such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).


Among others, properly regulated brokers are required to guarantee traders a negative balance protection, to keep all invested money in a segregated, protected form creditors account, to refrain form offering investment bonuses, to maintain a certain minimum operational capital with which to guarantee all outstanding payments, to file regular reports, to allow external audits and with some regulators even to insure traders funds.


For example, if you trade with a FCA regulated broker your account will be insured up to 50 000 GBP, while with CySEC brokers the insured amount is up to 20 000 EUR. Here you may check our list if FCA regulated brokers:


>>FCA Regulated Forex Brokers<<


High spreads


As tested with a demo account the BTCUSD spread was fixed at 75 USD, which is way higher than the spreads traders consider acceptable, when they buy or sell bitcoins on a crypto exchange. Have in mind that the acceptable BTCUSD spread should not exceed 50 USD. In any case here you may check our list of brokers offering tighter spreads:


>> Lowest spread forex brokers<<


Various withdraw fees


That is another issue with the broker - they have a  3,5% service fee on all withdrawals and also a profit clearance fee and a monthly maintenance fee. We shall all agree we do not like fees, especially withdrawal fees.


No MetaTrader4 supported


Cointeck offers a web based trading platform, which lacks many features, standard with classic trading solutions like the MetaTrader4. 



We miss for example the option to run automated trading sessions and that is definitely another set back. Besides, here you may check our list of brokers offering MetarTrader4:


>>MT4 Brokers<<




Cointeck is a unregulated broker and that alone is a sufficient reason to avoid its services. As we already discussed trading with unregulated financial companies involves a unreasonably high risk of losing your money to scammers. 

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
















Price feed















Customer service










Cointeck keeps cancelling my withdraw request they are cons

customer service and account masnager are aggressive but when i deposited with them they were nice and keep calling everyday few times and when i asked for withdraw after few months the stop picking up calls or reply on the online chat plus keep cancel my withdraw request and more than one month nobody comes back to me and if i call from another no they will answer and the account manager his name is peter elias is so bad person and became so aggresive the last time he knows i want to withdraw my btc , hope you spread this message so less victims in this space



Scammer Rubbish

Wael Hennawy 04/10/2019



its scam and have pseudo trader they gona call you and say so fast that you can not realisate what is going on an after that gona asked you to put more and more money

they cooperate with company name those guys searh peapol for cointeck SCAMERS SCAMERS thay cant even traid good i send ther 500 euro to check out i say them i dont know traiding and bla bla the true is that im very good in traiding on forex i can easy send ther 50k euro if i want stupid SCAMERS now my acout is suspeded becouse i let widrow my money and dont won to traid with them theyu got very angry on my hahahah

Robert 04/01/2019

Scam - shame on you Cointeck!

They are so unreliable and inconsistent. They made me trade and lost and kept telling me to invest more until I asked for a withdrawal. Up till now since 3 months ago since I applied for withdraw, I haven't gotten my balance back.

Shame on you all empty Cointeck.

Meg 02/13/2019

Surely a scam be aware

They harrass me since the broker that scam me 5months ago sell my phone number. Please don't your money in this company it's surely a scam.

Fabien 02/06/2019

Cointeck SCAM - Zero stars!

They grabbed all my coins and traded it down the drain on silly trades.
You have no chance to make money on this site : the fees are three times the profit !!!

How do they get one star ?
It should be ZERO!

Vicus 01/29/2019
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