coinsfm review

Read our CoinsFM review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a Coinsfm.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So CoinsFM is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about CoinsFM in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

CoinsFM Review Conclusions

Making the CoinsFM review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our CoinsFM review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

REVIEW OVERVIEW
coinsfm review
coinsfm-review-coinsfm-com-is-a-scamRead our CoinsFM review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a Coinsfm.com review. Who are they? After taking a look at their website, it shows that they do not fall under any regulating...

6 COMMENTS

  1. I Got sucked in big from coins fm they took me for 13.000.00 US Learned my lesson the hard way .I tried to withdraw 7000.00 from my 15000.00 us dollar acount and they told me because of my bonuses that i dont have enough in my account to draw that out its a scam big time i lost my money and they still tried to get more from me ! Dont trust coins fm for a dime you will get ripped off big time just like i did .

  2. Well I have been taken for $200,000 and they will not give me a refund, i got many promises and demands for more money. Beware of Kent Cole, Triston Evans and ashwin lucas they are smooth operators. now i must try and get my money back which i need to support me and my wife in a seniors residence.

  3. I was surfing online, a google ad of the false trading and investment company; CRYPTEC popped and I clicked on the ad. In about 10 mins or less, I got a call from Mr. Larkin who walked me through the process of creating an account and then depositing 250 Euro via bank transfer. From there, I deposited a total of seventy eight thousand Euro and my profit was almost at two hundred and twelve thousand but I couldn’t make a withdrawal of my profit. They kept asking for money for withdrawal like SIP Certificate, State tax charges and the likes, which I paid for but still couldn’t get my funds. It dawned on me I was only shown simulated trades with the sophisticated false trading platform after extensively reading several downright negative reviews about CRYPTEC. This manipulation lasted for 6 weeks. I found a recommendation to employ the services of a top wealth recovery company written by Zwischen Kult and Stan Seb who are movie celebrities in Germany who were swindled by CRYPTEC & CRYPTO NXT, and some other fake trading and investments companies but recovered their funds back without suffering yet another loss! They sang the praises of the top international penetration firm (details on my bio) who intervened and helped repatriate funds alongside some percentage of profit. CRYPTEC is a fraudulent company and they will do all that’s within their means to show you alluring ROI to get you to make more financial commitment into a dubious course. I was able to recoup my capital and a decent percentage of my ROI from this bogus company. They will make you question humanity. Stay away from this false trading and investment company as they have absolutely no moral compass. Pardon my English as I am not a native speaker of English. L. Maes

    Rating: 1
  4. I got lured into trading with CoinsFm. I started with $ 250, but right away I was pressured by several “account managers” to invest $ 10000 with the promise to double my money within 3 months. I resisted. But after I reached approx $9000 profit the 5000 bonus disappeared without a trade. I also noticed that CoinsFm made several “trades” without my presents; loosing trades of course. My obvious conclusion is Stay away from CoinsFm, they are smooth conmen, and btw one of the eastern Canadian provinces made it illegal for CoinsFm to do business.

  5. CoinsFM are a lieyer & ive been trying too get my money back & they always giving me the run around I’ve started with 500 usd & they lost 299.43 usd all ready now I want my money back they won’t send it back too me they are lieyer & scammers people be careful & don’t trust them with your money

  6. Why doesn’t the authorities shut these guys down if they know they are fraudulent? Why are the authorities so afraid of these crooks. Why dont the banks ban them from their transfers of crooked money transactions.

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