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121Coinx

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3.5
(3 Reviews)

Founded: - Min Deposit: 250 USD

Headquarters: Saint Vincent and the Grenadines Max Lev: 1 : 400

Risk Level I

121Coinx is only registered with SVG FSA, but SVG FSA does not regulate forex trading.

Score
Business Scope
0.0
Trading Cost
3.5
Trading Platforms
3.0
Support
3.5
Licence Status
SVG FSA 134
Authorised
Contact
info@121coinx.com
https://121coinx.com/
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

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Q&A Weekly Review - What's Asked This Week? 2023-06-16
BrokersView provides "Q&A Weekly Review" from Jun 12-16, 2023 to keep traders informed about the latest regulatory status and trading details of brokers mentioned by our users.

Deposit and Withdrawal

3.5

Score

No Data
No Data

Company and Service

--

Score

Profile
Credit Profile No information
Trading Platforms
Contact
No Data
Others
Website Language
English
Customer Service By
Email
Supported Language
English

Related Complaints

Q&A Complaints

What license does 121Coinx hold?

Marcin Marlikowski
Kyrgyzstan
2023-06-13
ANSWER 121Coinx is an unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.121Coinx claims to be the trading name of OS Markets LLC, a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 134LLC2019. While our search in the SVG FSA register did locate corresponding records for the company, it is crucial to be aware that the SVG FSA has explicitly stated that it neither issues forex licenses nor regulates entities involved in such activities. As such, 121Coinx remains unsupervised by the relevant regulatory body.Regarding your question, although 121Coinx holds a license issued by the SVG FSA, it still operates outside the regulatory framework. Investors are exposed to significant risks including financial losses and identity theft if dealing with this trading platform, as there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unregulated brokers like 121Coinx and choose a fully regulated one.
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Overall Score

3.5
3 Reviews

Cost 3.5

Platforms 3.0

Deposit & Withdrawal 3.5

Customer Support 3.5

Indicates the average level of Brokers

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Elena Krulwich
0-6 months Basic Account New Caledonia
I think I’ll make the most of it. I appreciate nearly everything they offer except for their trading platform, but it’s not a very big problem. The main thing is that I made sure that it’s not a scam. The rest doesn’t matter.
2022-08-18
Reply
Viktoria Palacios
0-6 months Classic Account Paraguay
It is a Scam !! They are close a few days. Don't enter . The site is already avaible don't enter.
2022-08-02
Reply
Mirandaa
1-3 years Premium Account Uruguay
Been using this for 3 years now and can not say a bad thing. Great on customer support. Great spreads for spreadbetting just an overall great broker that's meets all the criteria.
2022-07-11
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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