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CoinZoom is an online brokerage firm recently scrutinized for its alleged fraudulent activities. The firm claims to provide various financial products and services, including trading in cryptocurrency and forex markets. However, upon closer inspection, it appears that CoinZoom is nothing more than a scam.
CoinZoom is not a licensed broker. This is a significant red flag that should make potential traders wary. A reputable broker will always have the necessary licenses and certifications from the relevant regulatory bodies. However, CoinZoom has no such licenses, which means it operates illegally.
There are many risks associated with trading with an unlicensed broker. Such brokers are not held to any regulatory standards, meaning they can engage in fraudulent activities without any consequences. Furthermore, if anything goes wrong, you will have no recourse to legal action, as the broker is operating outside of the law.
Since CoinZoom is an unlicensed broker, it is difficult to trust the firm. There is no guarantee that it will act in the best interests of its clients, and there is a significant risk that it will engage in fraudulent activities.
Traders who have dealt with CoinZoom have reported several issues, including problems with withdrawals, frozen accounts, and unexpected fees. Additionally, there are reports of misleading advertising and promotions that do not deliver on their promises.
If you have been scammed by CoinZoom, it is important to speak to an expert. Submit your complaint through our form, and we will evaluate the case. Then we will provide you with a free consultation and some good service recommendations to recover your lost money. Don’t be late. Contact us today.