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COINMEGATRADES

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Operating status: SCAM

Website: https://www.coinmegatrade.com/

Broker violations and abnormal records
  • 2024-07-04 The FCA issues a warning against COINMEGATRADES

    On July 5, 2024, the Financial Conduct Authority (FCA) issued a warning against COINMEGATRADES, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/coinmegatrades

    On July 5, 2024, the Financial Conduct Authority (FCA) issued a warning against COINMEGATRADES, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/coinmegatrades
  • 2024-07-09 BrokersView has reviewed that COINMEGATRADES is an unregulated broker

    COINMEGATRADES' website employs a template often associated with fraud, featuring prewritten content and basic graphics for quick, ostensibly professional website development. Although it displays four certificates to suggest legitimacy, only two are purportedly linked to financial regulators. Our research, however, indicates that these claims are unfounded.

    Despite its UK-based claims, COINMEGATRADES has been warned by the Financial Conduct Authority (FCA) for operating without the necessary authorization.

    In essence, COINMEGATRADES is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    COINMEGATRADES appears to be a scam.

    COINMEGATRADES' website employs a template often associated with fraud, featuring prewritten content and basic graphics for quick, ostensibly professional website development. Although it displays four certificates to suggest legitimacy, only two are purportedly linked to financial regulators. Our research, however, indicates that these claims are unfounded.Despite its UK-based claims, COINMEGATRADES has been warned by the Financial Conduct Authority (FCA) for operating without the necessary authorization.In essence, COINMEGATRADES is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.COINMEGATRADES appears to be a scam.

Related Complaints

Q&A

What license does COINMEGATRADES have?

howsgoing
Grenada
2024-07-15
ANSWER No, COINMEGATRADES operates in the absence of the required licenses.COINMEGATRADES' website uses a template commonly linked to fraudulent schemes, featuring prewritten content and basic graphics for quick, seemingly professional site creation. Although it displays four certificates to suggest legitimacy, only two are supposedly connected to financial regulators. Our research, however, shows these two certificates are baseless.Despite claiming to be based in the UK, COINMEGATRADES has received a warning from the Financial Conduct Authority (FCA) for operating without proper authorization.In light of this, COINMEGATRADES is far from being a secure trading option. To protect their money from potential fraud and identity theft, investors are strongly advised to steer clear of unregulated brokers like COINMEGATRADES and opt for fully regulated ones.
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