Newcoinbase is a forex broker that has been operating since 2021. The company claims to offer a variety of products and services, including trading in forex, CFDs, and cryptocurrencies. However, there is mounting evidence that Newcoinbase is a scam broker.
The company’s website is registered in the Seychelles, but there is no evidence that Newcoinbase is actually regulated by any financial authority. The company’s contact information is also very limited, and there is no way to reach customer support by phone or email.
Products and Services
Newcoinbase claims to offer a variety of products and services, including:
However, there is no evidence that Newcoinbase actually offers any of these products or services. The company’s website is full of misleading information, and there are no customer reviews or testimonials to verify the claims made by Newcoinbase.
Minimum Deposit Amounts and Deposit Methods
The minimum deposit amount for a Newcoinbase account is $250. The company accepts deposits via credit card, debit card, and wire transfer. However, there are reports that Newcoinbase has been known to reject withdrawals, even after customers have met the minimum withdrawal requirements.
Country They Are Operating
Newcoinbase claims to be operating in the Seychelles, but there is no evidence to support this claim. The company’s website is not available in the Seychelles, and there are no local regulations governing the company’s activities.
License and Regulations
Newcoinbase is not regulated by any financial authority. The company claims to be regulated by the International Financial Services Commission (IFSC), but the IFSC has no record of Newcoinbase being a licensed or regulated entity.
Newcoinbase uses a proprietary trading platform that is not available for public testing. The platform is reportedly slow and unreliable, and there have been reports of customers losing money due to technical glitches.
Scammed By newcoinbase? Talk To Our Experts
If you have been scammed by Newcoinbase, immediately contact us. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund.