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Paperorcoin

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Operating status: SCAM

Website: https://paperorcoin.com/

Broker violations and abnormal records
  • 2024-08-29 BrokersView has reviewed that Paperorcoin is an unregulated broker

    The website of Paperorcoin lacks licensing details to substantiate its legitimacy. While it provides a company number in the footer, it does not specify the issuing authority, making it difficult to verify the registration.

    It is important to note that Paperorcoin claims to be based in Anguilla, where forex trading activities are not regulated by the local financial authority.

    In essence, Paperorcoin 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.

    Paperorcoin appears to be a scam.

    The website of Paperorcoin lacks licensing details to substantiate its legitimacy. While it provides a company number in the footer, it does not specify the issuing authority, making it difficult to verify the registration.It is important to note that Paperorcoin claims to be based in Anguilla, where forex trading activities are not regulated by the local financial authority.In essence, Paperorcoin 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.Paperorcoin appears to be a scam.

Related Complaints

Q&A

Is Paperorcoin safe or scam?

Yayo
Cambodia
2024-09-02
ANSWER Dear Investor,We are concerned that Paperorcoin is a scam.Lack of regulatory information: Unlike regulated brokers that display licensing details in the website footer, Paperorcoin fails to do so. This indicates that Paperorcoin is likely not regulated.Unregulated environment: The broker claims to be in Anguilla, where forex trading activities are not regulated by the local financial authorities.So we strongly suggest you avoid using Paperorcoin. For a safer trading environment, it is recommended to choose fully regulated brokers instead.
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