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COINIWELT
COINIWELT
China
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | 50,000 $ |
| Minimum Spread | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | 25,000 $ |
| Minimum Spread | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | 10,000 $ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | 5000 $ |
| Minimum Spread | -- |
| Products | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | 2500 $ |
| Minimum Spread | -- |
| Products | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | 250 $ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
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- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
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- Underlying Risk
Capital
$(USD)
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COINIWELT · Company Summary
GENERAL INFORMATION
CoiniWelt is a suspicious company that does not have a license from renowned jurisdiction in the market. The entity is operating illegally, and the fact that they are from Marshall Island raises even more doubts.
It is not wise to invest with them because getting registration from Marshall Island is as simple as a pie. The country does not have strict measures for investment companies. The company does not a compensation scheme in place.
CoiniWelt is a company that claims it boasts the confidence of the traders. The platform brags of having an expert at the disposal of their clients. It is not easy to identify the red flag which the entity avails. The firm also states that they are committed to helping their customers.
You can trade anywhere you are using their application. The app is available for both android and IOS devices. CoiniWelt is also offering webinars and educational resources to its clients. The quality of the information they provide is unknown. Shady firms provide their clients with basic information, which can be found for free on the internet.
The trading broker states that one of their main objectives is to offer the safety of funds to their clients. They allegedly use the latest technology to achieve high-security measures. Unfortunately, we do not recommend trusting an offshore venture with your info or money.
The entity operates like all other scams in the market. They have a cold room where they conduct their calls. They sound very professional, and it is easy to scam you. Once they call, the sales representative will convince you to deposit funds with them.
ACCOUNT AND LEVERAGE
The entity has six trading accounts available for their clients Which are:
• VIP with minimum deposit of $50,000
• PLATINUM with minimum deposit of $25,000
• GOLD with minimum deposit of $10,000
• SILVER with minimum deposit of $5,000
• STANDARD with minimum deposit of $2500
• BASIC with minimum deposit of $250
Eventhough the failed to provide enough information about each account's specification. The least amount of funds that you can cash out is $50. The withdrawal requests will be handled within a period of 2 to 5 business days. In the case of inactivity of 6 months, the venture charges a fee of 10% every month.
CoiniWelt avails leverage of 1:200 for their customers. You will not find investment companies regulated by the authority offering such a high amount of power. The EUR/USD currency pair has a spread of 3.8 pips.
TRADING INSTRUMENTS
The company is trading forex, indices, cryptos, and metals. Getting started in this venture is easy, and you only need to choose the asset you wish to trade. Additionally, you need to select the take profit and the stop loss.
TRADING PLATFORM
The broker does not have the popular MT4 trading platform. It avails a web-based platform that is basic and common with scammers. The company has trading and saving account types. The minimum amount that the firm accepts is $250.
DEPOSIT AND WITHDRAWAL METHOD
Investors can cash in funds using Internet payment, wire transfers, and credit cards. The minimum amount that you can cash out is $50. They do not charge any fee upon withdrawal. However, the only method of payment available is the credit card option.
The venture has trading bonuses. It might sound like an attractive offer, but the problem is these rewards come with strange requirements. It is not easy meeting the needs, and you might never withdrawal the amount.
CUSTOMER SERVICE
The location of CoiniWelt is at Marshall Island. The area is infamous for accommodating scammers in the market. Investors can only contact the firm using email. The support team is allegedly available 24/5.
Legit companies will avail numbers of communication means which traders can use to reach them. They will have a live chat and a telephone number. Additionally, you will also have a physical address, and you can visit their offices whenever you please.
Unfortunately, CoiniWelt is a scam that is operating illegally and should be avoided. They are anonymous, and you cannot tell the real location of the venture. The only information offered is a generic contact email address of: Support@Coiniwelt.com. and their website too is not responding.
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