Coin Xe Review: Don’t Take a Chance Dealing with Coin Xe
A friendly-looking website called Coin Xe appears to provide customers from all over Europe and beyond with access to both a cryptocurrency exchange and a tool for trading forex and CFDs. Additionally, Coin Xe claims to be the industry leader in terms of openness and financial security, which would be wonderful news if it were accurate. Coin Xe is just another uncontrolled, low-credibility website that appears to be almost completely anonymous and has all the telltale signs of being a scam that we can think of.
Website – http://coin-xe.com/
Address – Austria
Warned By – Not Recommended By Review Website Like Report Scam
Regulation And Security Of Money At Coinxe
By using the address Hornweg 1, 6370 Kitzbühel, Austria, Coinxe is likely trying to give the impression that it is an Austrian business. The so-called broker is neither registered nor physically present at the location, so that’s just another lie.
However, we kept looking and, as we anticipated, were unable to locate any registered businesses, much fewer ones that were regulated, and connected to the broker. We affirm that Coinxe is not regulated and risky, and the trading scheme appears to be completely illegal! We’ll give you more proof later, but it’s just a private website that’s probably a scam.
Coin Xe withdrawal procedures, and costs
Coin Xe claims that deposits can be made in fiat money, but their true goal is to trick you into using bitcoins, Ripple, Solana, Dogecoin, or other cryptocurrencies as payment.
And there’s a good rationale behind it. A crypto transaction will initially prove to be mostly anonymous and completely irrevocable, which essentially means that once the transaction is completed, your money will be lost forever.
Your best chance to get your money back from online scammers like Coin Xe is to submit a chargeback with your local bank if, on the other hand, you chose to pay with your VISA or Mastercard and then discover that you have been scammed.
How does the Scam Work?
To entice prospective investors to invest, offshore brokers use a variety of shady tactics.
People are frequently careless and post private information online to make the high profits that many advertisements guarantee. And the harassment will probably begin as soon as these financial scams obtain this information.
If you have ever been the victim of this kind of deception, don’t feel bad about it; many people are. Just make sure to notify the scammer and lodge a complaint with your bank as soon as you can.
Coin Xe Review: Recovering Stolen Money from Coin Xe
Don’t give up if you experienced financial losses while dealing with Coin Xe. It’s essential to take action to get your money back. At Fraud Brokers Community, we specialize in assisting hoax victims in recovering their misplaced money. Our staff of recovery experts has helped a huge number of clients, and we can do the same for you. Start by submitting a short complaint form to receive a free consultation. Fraud Brokers Community is a dependable and trustworthy organization that has successfully recovered millions of dollars from dishonest traders, in contrast to other dishonest recovery businesses.
Read about a broker who engaged in a similar scam – GateBits review
More about Scams
Forex Scams
Cryptocurrency Scams