Coinfield.com is a trading platform that claims to offer to buy and sell cryptos instantly to traders. However, it is important to thoroughly investigate the credibility and reliability of any online broker before entrusting them with your hard-earned money. In this review, we will examine the legitimacy of Coinfield.com and evaluate whether it can be trusted as a reliable broker.
Is Coinfield.com A Licensed Broker?
One of the first red flags with Coinfield.com is its lack of proper licensing. They claim to be regulated under Financial Intelligence Unit with the license number of FVT000111. Do you what is FIU? This is an intelligence unit established by every individual country, that is not an organization. They cannot provide any regulation for any organization.
Also, they claim to operate in 186 countries. But, we did not find any proof for that. We searched with major regulators but no result was found.
Why Should Not You Trust An Unlicensed Broker?
Dealing with an unlicensed broker like Coinfield.com can be risky. They are not bound by any regulatory oversight, which means they can operate with limited transparency and without adhering to industry standards. This increases the likelihood of fraudulent activities, such as misappropriation of funds or unfair trading practices, which can lead to significant financial losses for traders.
Can Coinfield.com Be Trusted?
Considering the absence of a valid license and the associated risks, it is difficult to place trust in Coinfield.com. The lack of regulation exposes investors to potential scams and unethical practices. Traders seeking a secure and reliable trading experience should opt for licensed brokers that are accountable to regulatory bodies.
What Do Traders Think About Coinfield.com?
Numerous reports and online forums highlight negative experiences and complaints from traders who have dealt with Coinfield.com. These accounts often involve difficulties in withdrawing funds, poor customer support, and suspicious trading activities. Such feedback raises serious doubts about the credibility and legitimacy of Coinfield.com as a reputable broker.
Scammed By Coinfield.com? – Talk To Our Experts:
If you have been a victim of Coinfield.com or suspect any fraudulent activities, contact us today. We will provide you with a free consultation, and service recommendations to help you in recovering the lost funds.