Coinptex is a cryptocurrency trading platform that claims to offer a variety of features and services to its users. However, there is a lot of evidence to suggest that Coinptex is a scam. In this article, we will take a closer look at Coinptex and explain why you should avoid it.
Company Overview
Coinptex is a relatively new company, having been founded in 2022. The company’s website claims that it is based in the United Kingdom, but there is no evidence to support this claim. In fact, the company’s registration records show that it is actually registered in the Seychelles, a well-known offshore tax haven.
Does Coinptex Have Any License?
No, Coinptex does not have any licenses from any reputable financial regulatory authority. This is a major red flag, as it means that the company is not subject to any oversight or regulation.
Is Coinptex Regulated By Any Authority?
No, Coinptex is not regulated by any authority. This is another major red flag, as it means that there is no one to protect investors from fraud or abuse.
Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is user-friendly.
- There are a variety of trading instruments available.
Cons:
- The company is not regulated.
- There have been reports of customer complaints.
- The withdrawal process is slow and complicated.
How Does Coinptex Reach To Their Prey?
Coinptex uses a variety of methods to reach potential victims. These methods include:
- Running ads on social media and search engines.
- Contacting people directly via email or phone.
- Offering free trading signals or courses.
Technical Details
Minimum Deposit:
The minimum deposit requirement for Coinptex is $250.
Trading Platform:
Coinptex uses the MetaTrader 4 trading platform. This is a popular platform that is used by many other cryptocurrency trading platforms.
Spread:
The spread on Coinptex is variable. This means that it can change depending on market conditions.
Leverages:
Coinptex offers leverage up to 1:100. This means that you can control a position that is 100 times larger than your initial investment.
Packages and Products They Offer
Coinptex offers a variety of packages and products to its users. These include:
- A basic account with no fees.
- A premium account with lower fees and more features.
- A VIP account with even lower fees and more exclusive features.
Withdrawal and Deposit Method
Coinptex offers a variety of withdrawal and deposit methods. These methods include:
- Credit card
- Bank transfer
- Bitcoin
- Ethereum
What Do Their Previous Traders Say?
There are a number of complaints about Coinptex online. These complaints allege that the company is a scam and that it has stolen people’s money.
Summing Up- Why Should Not You Trust Coinptex
There are many reasons why you should not trust Coinptex. Here are just a few:
- The company is not regulated.
- There have been reports of customer complaints.
- The withdrawal process is slow and complicated.
- The spread and leverage are high.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Coinptex, you may be able to get your money back. There are a number of companies that specialize in recovering lost cryptocurrency. These companies can help you to track down the people who stole your money and get it back.
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Final Thoughts
Coinptex is a scam. Do not invest in this company. If you have already invested with Coinptex, you should try to get your money back as soon as possible.
We provide free consultation calls and recovery service recommendations to help in recovering the lost funds.
If you have any questions or concerns about Coinptex, please feel free to contact us. We would be happy to help you.
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