Website – https://coinmasfx.com/
Address – Level 3, 6 Albion St, Napier 4110, New Zealand
Regulation – Unregulated
Warning about Coinmasfx – Not recommended by review website like All Scam Reports
Coinmasfx Review 2023 – Is Coinmasfx a good forex broker or a scam?
Its website contains no regulatory information. The truth is that coinmasfx is not regulated by any authorities to conduct forex transactions. Investors’ funds in this broker are at risk and are not protected by law. As a result, it is a scam.
There may be a risk of scams in online trading like Forex trading, Cryptocurrency trading, Binary trading, and others. Some of the major online scams we heard about are Forex scams, Cryptocurrency scams, Investment scams, Romance/Dating scams, Pet scams, Binary scams, etc. Scam brokers have a common way of fooling victims either. They either do it through cold calling, creating fake websites, or pop-up advertisements. Similarly, after investigating Coinmasfx broker, we found multiple proofs of scam activities done by Coinmasfx. The idea is to warn brokers about the possible scam activities of Coinmasfx. Read a complete Coinmasfx review to know more about this broker.
If you are thinking to invest with Coinmasfx but avoid scams, read the Coinmasfx review and get to know about the scam activities of brokers in detail.
Is Coinmasfx legit or a scam?
While trading, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this Coinmasfx Review in our scam broker 2023 list of scam brokers. Here are some points that you need to know if a broker is a scam or not. Coinmasfx possesses some or more of the following mentioned traits of a scam broker.
Regulation and safety of funds
While choosing a broker online, the regulation status is one of the most critical points. Here, Coinmasfx seems not to be regulated in its jurisdiction of operation or they do not follow the rules of regulation and is engaged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc.
Complaints in Coinmasfx Reviews
A number of complaints and negative Coinmasfx reviews have been found regarding the scam broker on various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among investors. The investors have accused them of being scam brokers and stated how they have been victims of the Coinmasfx scam and lost all their money and efforts to them.
Got scammed by Coinmasfx? File a Complaint against Coinmasfx for a recovery process
It is tough to recognize fake brokers at first glance, yet that is the place where we can help. If you want to invest in online trading, it is a good idea to look at the list of scam brokers 2023 and avoid the brokers present on the list. This will help you in safe trading and also keep your investments safe with the right broker.
All Scam Reports have a team of experts who work to get your money back from scammers. We have broad involvement in chargebacks, forex scam recovery, crypto scam recovery, and the ability to manage a wide range of cases. All Scam Reports Team advises the user to avoid investing here, as we have found that the Coinmasfx broker is suspicious, and operating without any legal license.
All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill out a small complaint form, and we will be in touch with you shortly with a free consultation.
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Check the brokers blacklisted by SFC.
How to identify a scam?
However, if you want more information, you can read about these common practices followed by scam brokers and check them with Coinmasfx.
- They guarantee high benefits that sound too good to be true.
- They may not be regulated by any major authority like FCA, FMA, FINMA, ASIC, SEC, etc.
- They promise to offer risk-free trading.
- They ask you for personal information, like your bank details or passwords.