SweatCoinex is a cryptocurrency trading platform that has been accused of being a scam. The company is not regulated by any financial authority and has a history of negative reviews from traders.
Is SweatCoinex a Licensed Broker?No, SweatCoinex is not a licensed broker. The company is not registered with any financial authority and does not have a regulatory license. We first searched on FCA and then on other regulatory websites, but we did not find any regulation confirmation. It is confirmed that they are not regulated and registered.
Why Should Not You Trust An Unlicensed Broker?There are many reasons why you should not trust an unlicensed broker. Unlicensed brokers are often unregulated and can operate with impunity. They may engage in fraudulent activities, such as front-running or wash trading, to take advantage of their customers. Additionally, unlicensed brokers may not have the financial resources to pay out their customers’ winnings.
Can SweatCoinex Be Trusted?The company has a history of failing to meet its obligations to its customers and there is no guarantee that your funds will be safe if you trade with SweatCoinex. It is not advisable to trust SweatCoinex and engage in any trading activities with them.
What Do Traders Think SweatCoinex?Traders who have used SweatCoinex have reported a number of problems with the company. These problems include:
- Slow or non-existent customer support
- Difficulty withdrawing funds
- Unrealistic trading profits
- High fees