Before starting your online trading career, finding a reliable and trustworthy broker is essential. However, not all brokers meet these criteria, and one such broker that has raised suspicions is Coinexet. In this article, we will examine the legitimacy of Coinexet and whether it can be trusted or if it is indeed a scam.
Is Coinexet A Licensed Broker?
When it comes to evaluating the credibility of a broker, licensing plays a vital role. Unfortunately, Coinexet fails to provide evidence of any valid licenses. They provided a certificate from FinCEN, and when we search on the website, we found them But, their is a warning message from FinCEN.
It means being registered in FinCEN cannot confirm that they are regulated or licensed.
Why Should Not You Trust An Unlicensed Broker?
Trading with an unlicensed broker exposes investors to significant risks. Without regulatory oversight, unlicensed brokers are not bound by any rules or regulations, making it easier for them to engage in fraudulent activities. They may manipulate trades, withhold withdrawals, or even disappear with investors’ funds. Trusting an unlicensed broker like Coinexet jeopardizes the safety and security of your investments.
Can Coinexet Be Trusted?
It is not recommended to trust this broker as they don’t hold any valid license.
What Do Traders Think About Coinexet?
Numerous traders have shared their experiences and opinions regarding Coinexet, and unfortunately, the feedback is predominantly negative. Many traders have reported difficulties in withdrawing their funds, encountering poor customer support, and experiencing unresponsive trading platforms.
Scammed By Coinexet? Talk To Our Experts:
If you have fallen victim to Coinexet or suspect fraudulent activities, it is crucial to seek assistance from professionals. Submit your case through our online form. We will evaluate your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
If you have lost money to companies like Tokentop.co, Bitsafu.com or J P Mcoin, please report it today by the below form.
