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The WikiFX Score of this broker is reduced because of too many complaints!

Coinmarketcap

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.coinmarketcapfx.com/en/

Website

Rating Index

Contact

http://www.coinmarketcapfx.com/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
United Kingdom
Operating period
2-5 years
Company Name
Coinmarketcap Ltd
Abbreviation
Coinmarketcap
Company employee
--
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Scarlett9540

Brazil

And I'm not going to put any money in. It can't be withdrawn.

Exposure

05-29

nene791

Bolivia

Good evening, I want to report this application because they made me make deposits to increase my profits by making investments In coinmarket cap To which of the moment First they deposited me then they asked me to invest more otherwise I couldn't withdraw my money I had to pay VAT taxes personal in which they made me deposit more and more deposits of 3000 that I had to continue completing the tasks to be able to withdraw my money in which they vulgarly scammed me saying that I had to pay the taxes in which I accepted it and deposited around all the deposits of almost 14,000 bolivianos that had 32,000 bolivianos in profits and in which up to now they ask me to deposit on a supposed tax so that I can withdraw my money in which they made me borrow money from several family members that I was going to withdraw in That moment and like that they started to turn me around and they even kidnapped my son because of the money debt that I had and until that moment I don't know about my poor son or anything I wanted to ask him please help me they were all in spurts and I They left me with practically nothing. I'm from Bolivia. It's hard to work here. I'm a single father. My son is only 5 years old and I don't know anything about him. Because of this, some scammers don't know anything about them and they want me to deposit more money with the proofs.

Exposure

05-19

Scarlett9540

Brazil

They made me pay 110 reales to start with and now to throw away the money I earned they want to make me pay 550 reales. Before paying the 110 reales I asked the girl how to withdraw the money and she always changed the subject.

Exposure

05-04

身敗名裂

Taiwan

Claim to be high return exchange. It requires endless deposit to withdraw.

Exposure

2023-05-23

Milly4717

South Africa

I was scammed by one of Fakazi he ended up paying my money's into Christo account at CITI bank. I never received a cent and paid over 50k wit no profits received .

Exposure

2023-02-09

葉葉

United States

The company Coinmarketcap is selling their own domain names! It's a pity that I saw that someone has already been scammed. Some companies will return all customers' funds when they go bankrupt, but it seems that Coinmarketcap is not such a kind company. Please be vigilant while choosing a forex company.

Positive

2023-03-22

6
Website
Company Summary
Review

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Official website

Website

  • coinmarketcapfx.com

    Server Location

    Hong Kong

    Website Domain Name

    coinmarketcapfx.com

    Server IP

    45.125.34.174

Company Summary

NOTE: Coinmarketcaps official site - http://www.coinmarketcapfx.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Coinmarketcap Review Summary
Registered Country/Region United Kingdom
Regulation No Regulation
Market Instruments Cryptocurrency
Trading Platforms MetaTrader 5
Customer Support N/A

What is Coinmarketcap?

CoinMarketCap is a broker specializing in cryptocurrency trading. It provides services based on the MetaTrader5 platform. However, its official website is non-functional currently. So we can not find more effective information about it. Additionally, it operates without any regulation.

Coinmarketcap

Pros & Cons

Pros Cons
  • Reliable Trading Platform
  • No Regulation
  • Non-functional Official Website
  • Limited Information
  • Lack of Customer Support

Pros:

Reliable Trading Platform: They claim to use MetaTrader 5, a popular platform for experienced traders.

Cons:

No Regulation: This is a major concern. Without regulation, there's no guarantee of fair trading practices or protection for your funds.

Non-functional Official Website: A non-functional website is unprofessional and makes it difficult to find reliable information.

Limited Information: There's a lack of details about fees, account types, and customer support.

Lack of Customer Support: There is no information about customer support, making it difficult to get in touch with Coinmarketcap.

Is Coinmarketcap Safe or Scam?

There is a high likelihood that Coinmarketcap is a scam. Several red flags, including the lack of regulation, a non-functional website, and limited information, suggest that the platform may not be legitimate.

No license

Market Instruments

Coinmarketcap is a broker that specializes in cryptocurrency trading, offering a range of digital assets including Bitcoin, Ethereum, Litecoin, and many others. As a broker, Coinmarketcap provides a platform for users to buy, sell, and trade cryptocurrencies, allowing individuals to participate in the growing cryptocurrency market.

Trading Platforms

Coinmarketcap supports the popular MetaTrader5 trading platform. As a successor of the MT4, MT5 provides advanced technical analysis tools, automated trading functions (EA), and mobile applications, as well as a user-friendly interface, allowing traders to keep abreast of the latest market conditions.

Conclusion

In conclusion, Coinmarketcap is a cryptocurrency broker that offers trading services based on the MetaTrader 5 platform. However, several red flags, including the lack of regulation, a non-functional website, limited information, and the absence of customer support, make it difficult to assess its credibility. We strongly advise you to consider it with skepticism and choose alternative platforms with more transparent operations and regulatory oversight.

Frequently Asked Questions (FAQs)

Q: Is Coinmarketcap regulated?

A: No, it operates without any regulation.

Q: What trading platforms does Coinmarketcap support?

A: Coinmarketcap supports the MetaTrader 5 trading platform.

Q: How can I contact customer support at Coinmarketcap?

A: There is no information available about customer support for Coinmarketcap, which may make it difficult for users to get in touch with the platform.

Q: What can I trade on Coinmarketcap?

A: Coinmarketcap supports cryptocurrency trading.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

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