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Coinexplace review Scam

January 10, 20245 min read

Read our Coinexplace review to see if we recommend this broker for trading. Just to clear doubts, this is a review. How the project is searched:

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  • Coinexplace scam or legit,
  • Coinexplace chargeback.

Is Coinexplace Scam or Legit Broker?

In the world of investments and financial opportunities, it is crucial to be vigilant and carefully evaluate every project before making a decision. One project that has caught our attention and that we want to warn you about is the Coinexplace company (by Coinexplace reviews).

However, there are significant risks associated with fake brokers, and we want to warn you about the Coinexplace project, which has been identified as an unregulated and unscrupulous broker. It’s essential to be aware of the signs indicating a fake broker and to avoid collaborating with such entities to protect your financial interests.

About Coinexplace

Coinexplace review – What the company says about itself: Our exchange was crafted with traders of all sized in mind. Coinexplace is one of the most modern trading platforms, driving innovation across the industry. Our verification procedures are highly optimized, so you don’t have to wait days to start trading!
We comply with many cybersecurity standards and constantly make sure to keep your data as safe as possible. We haven’t had a data leak since our founding.

While it may seem enticing at first glance, this project is, in fact, a classic example of a scam project, which has the potential to bring you more loss than gain.

Coinexplace review broker review stamp

Coinexplace signs of a Fake Broker:

According to the presented results of ex-traders of this project, Coinexplace review, which, by the way, are quite negative and unprofitable, the Coinexplace company does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.

  1. Lack of Regulation: One of the major signs of a fake broker is the absence of proper regulation by financial authorities. Legitimate brokers are subject to strict rules and standards imposed by regulatory organizations.
  2. Unrealistic Promises: Fake brokers like Coinexplace may make unrealistic promises of quick and substantial earnings to lure clients. These exaggerated promises should be treated with skepticism.
  3. Weak Contacts and Support: A fake broker may have poorly defined contact details and may avoid providing complete and transparent information about their services.
  4. Lack of Transparency: Transparency regarding fees, commissions, and the trading process is crucial. Fake brokers may hide this information or be evasive about it. (by Coinexplace reviews) disadvantages of collaborating with a Fake Broker:

Loss of Funds: Collaborating with a fake broker can expose you to the risk of losing significant investments, as they can manipulate trades to their advantage.

Theft of Personal Information: Fake brokers may request and use sensitive personal information for fraudulent purposes, such as identity theft.

Negative Experience: Collaborating with an unscrupulous broker can lead to a negative financial and emotional experience, with a loss of trust in the market and investments.

Coinexplace Conclusion

Coinexplace Review, Scam or Legit? In conclusion, avoid collaborating with the fake broker Coinexplace and any other broker exhibiting signs of lack of regulation and transparency. Protect your financial interests and always choose legitimate and regulated brokers to ensure a safe and trustworthy investment experience.

How to Protect Yourself:

  • Check Licensing and Regulation: Always verify if the broker is authorized and regulated by a trusted financial authority.
  • Research Carefully: Conduct thorough research and read independent reviews to assess the broker’s reputation.
  • Be Skeptical: Be skeptical of unrealistic promises of earnings, and avoid collaborating with brokers pressuring you to make large deposits.
  • Request Information: Request complete and transparent information about fees, commissions, and trading regulations.

The overall rating

Convenience of service 6
Withdrawal speed 2
Trading platform 3
License 1
Support work 5
The Summary

The overall trust rating for this broker is the average between the opinion of our independent expert and the ratings of users of this site.



  • Not found
  • Fake broker
  • Dangerous scammers
  • Fraud and money scam
  • Low project quality
  • Fake contact information

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  • Karsyn

    March 7, 2024 / at 9:34 pm

    Terrible broker. They will no allow withdraw from account in which you initially deposited with. Other Fx Brokers are doing it, why don’t they? Useless!

  • Cain

    February 25, 2024 / at 4:32 am

    I was forced to wait several days to receive confirmation of my withdrawal request.

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