Coinifyfx Market Review: Stay Away From This Forex Scam

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Coinifyfx Market Review
  • Fund Safety
  • Regulation
  • Customer Support
0.5

Summary

Coinifyfx Market is an illegal operation that the law will soon shut down. You do not want to be a customer when that happens. You will lose all your money and you will have no one to turn to. You are better off investing with the market’s top forex brokerage ventures.

Coinifyfx Market is one of those companies that oversells itself but offers terrible services. You can already tell this company is a scam as soon as you land on the website. The founders are busy bragging about their multi-regulated status. However, you should not trust any of the statements on coinifyfxmarket.com.

Ensure you do your own research before believing the statements of a company. Most fraudulent operations brag about their legitimate status but end up being something totally different. They only want to convince people to invest in their company. The end goal is to steal the money that investors deposit.

For your peace of mind, invest only in the best legitimate forex brokers in the market. Such companies have been in the market long enough and operate with full transparency. Only such companies can give you the services you are looking for.

Coinifyfx Market Review, Coinifyfx Market Company

All the other companies only make bold statements for show. They promise you returns they cannot deliver. Moreover, no forex broker should promise you any kind of returns. Your profit and loss status entirely depends on your own execution.

Coinifyfxmarket.com Review

Coinifyfx Market mainly specializes in the brokerage of forex and binary options. They want you to believe that there is no better platform to trade on. Further, they promise you the best market analysis to help you make your decisions. 

We highly advise against using this company’s technical analysis services. This is because we have no idea who is doing the analysis. The least that the company could do is introduce us to its experts. More so, they should present us with their verifiable trading results. That is the only way we will trust this service.

Further, the company promises that signing up is very simple. They tell you that all you need to do is fill in your personal details in their secure online application. However, we know for a fact that this is a bad idea. Even the browser warns us against submitting any personal information on this website. This is because it does not have a secure connection.

In terms of customer support, there are various channels that you can use to reach the team. First, you can give them a call on +447723149556. Additionally, you can email the team at support@COINIFYFXMARKET.com

While this may be encouraging, there is no guarantee that the company will respond to any of your queries. Most scammers blacklist the numbers and emails of their victims. Stay vigilant.

Coinifyfx Market Pricing and Features

We looked all over coinifyfxmarket.com and did not find the pricing of the services this company offers. No serious company would ever leave this information to the clients to figure out. You can tell that these people did this on purpose. They do not want to set a limit because they will take anything they can.

Additionally, we did not find an actual platform to execute trades. This company does not offer any real trading platform. Even worse, the link to download the platform does not work. This company is a pure joke. These people do not know what they are doing. Such a company cannot offer you the best brokerage services in the market.

Coinifyfx Market Scam Review, Coinifyfx Market Features

Furthermore, the trading conditions that they promise are a lie. They promise tight spreads and 100X leverage. But we know that the UK caps leverage at 1:30. So these people are breaking the law knowingly. 

Even worse, they are offering clients a fully automated platform. This means that the platform can execute trades for you. However, they do not say the software that is in place. This is one of the shadiest ways to operate a business. 

Founders and Physical Address

It is paramount to know the people behind the company you are investing in. That will tell you what you are signing up for. In general, you should never invest in companies operated by unknown people. Additionally, you should never invest in people who have criminal backgrounds.

Unsurprisingly, coinifyfxmarket.com does not introduce us to any of the founders. We have no idea who these people are or the kind of experience they have. No serious company would leave out such crucial information. This is a testament to how careless these people are.

Moreover, revealing their identities would do the company more good than harm. There is no reason why they would be hiding unless they are hiding from the law.

The physical address of this company presents even more causes for concern. The company gives its physical address as 91 Western Road, Brighton, East Sussex, England, Bn1 2nw. 

The problem is that this company is offering binary options brokerage in the UK. However, you should know that binary options brokerage is illegal in the UK. Therefore, these people are breaking the law, and they know it.

Regulation and Fund Safety

One thing this company is adamant about is its regulatory status. Coinifyfx Market claims to be a multi-regulated entity. They claim to have regulations from the FCA, ASIC, and FSCA. However, we can assure you that this is yet another lie. 

There is no way the FCA would license a company that offers binary options brokerage in the UK. So we do not know who Coinifyfx Market is trying to fool. They are an illegal operation, and they know it.

Nonetheless, we went ahead and searched the company on the various registries. Unsurprisingly, we did not find any results matching the company. Evidently, this company is willing to lie to attract people. There is no telling what else these people are willing to do to get their hands on your money. Avoid this company like the plague.

Moreover, there is no evidence of systems’ protection. The company claims to have the best software and hardware in place to protect clients’ funds. However, we already know that these people are liars in every aspect. There is no reason to believe that this is true. Moreover, even the browser warns us against submitting any sensitive information.

Domain Insight

The official domain for this company is coinifyfxmarket.com. The registration date for this website is the 30th of September 2020. The website’s registration expires on the 30th of September 2021. This is common with scam organizations. They take out one-year registrations and exit the market when it expires.

Additionally, Alexa.com reveals an important detail about the website. Coinifyfxmarket.com is not as popular as the founders want you to think. Alexa does not even track its site metrics because they are too low to track. These people should just take this idea behind a barn and shoot it.

Final Verdict

We cannot, in our right minds, recommend this awful company to you. This is an illegal operation that will soon shut down. What’s worse is that the people behind this company know that they are running a criminal operation. Their only interest is to steal investors’ funds and disappear. 

No legitimate company operates with such low levels of transparency. Serious companies will always reveal the identities of the people behind the operations.

For your peace of mind, invest only in the top legitimate forex brokers in the market. Such companies have been in the market for a long time and have the trust of many traders.  

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