Coin Wealth Inv invites motivated people to join a special society to achieve maximum results in trading. Apparently, the company is going to help its clients in successful trading. At the same time, among the assets you are offered to trade only cryptocurrency. Unfortunately, there is a lot of scam in this industry. Let’s see what reviews traders leave about this project and check whether its promises can be trusted.
- Coin Wealth Inv General Information
- Registration and Client Portal Review
- Coin Wealth Inv Trading Conditions
- Account Types Review
- Trading Platform
- Coin Wealth Inv — Deposit and Withdrawal of Funds
- Additional Options
- Is Coin Wealth Inv a Scam?
- Legal Information and License
- Coinwealthinv.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Coin Wealth Inv General Information
Registration and Client Portal Review
Usually, companies that offer cryptocurrency trading are high-tech. As a rule, they also have impressive websites. In this case, Coin Wealth Inv is also surprising, but not in a good way. The website of this company is simply terrifying. Firstly, an ugly disclaimer immediately greets you. Secondly, the developers did not even bother to configure the adaptation for smartphones and PCs. You will have to zoom out to view all the sections on the site.
Moreover, that’s not all. There is very little useful content here. Almost all the attention is paid to the self-praise of Coin Wealth Inv and attempts to get you to open an account here as soon as possible.
You can learn more about trading in the FAQ section. Here Coin Wealth Inv analyzes such topics as:
- Trading. List of assets.
- Platform. Algorithm of interaction with Web Trader
- Registration. Features of the procedure.
- Support. Methods of communication with the broker.
As you can see, there is literally nothing important here. In the section “About the company” we learned that the mission of Coin Wealth Inv is to help the client discover their trading opportunities. At the same time, the founders say that you don’t need to be a professional to succeed. It’s enough to have the desire to get rich. If it were that simple, all the people in the world would already be millionaires. That is a cheap trick, aimed at getting you to hurry up, transfer your money to the company, and start trading.
To register, you need to fill out a small form consisting of the following points:
- Full name
- Country of residence
- Email address
- Phone number.
Then you should come up with a password consisting of numbers and letters. In the future, it will serve to log in to your account.
The Coin Wealth Inv Client Portal is combined with the trading platform. In addition to trading, you can fund your account here, make a request for withdrawal of money, and communicate with support.
Coin Wealth Inv Trading Conditions
Even though Coin Wealth Inv talks about trading cryptocurrencies, it offers completely different conditions. Only CFDs can be traded on the platform, but for different types of assets. Among them are not only cryptocurrencies, but also currencies, energy resources, stocks, indices, etc.
Account Types Review
Coin Wealth Inv introduced several types of accounts. Let’s look at them in more detail.
|Name||Initial Deposit, $||Set of services|
|Beginner||250||2 e-books, 2 video tutorials, one-time arbitrage access|
|Investor||10,000||4 e-books, access to Glossary, live webinars, 4 video tutorials, 2-time arbitrage access|
|Advanced Investment Portfolio||50,000||Full selection of e-books, leverage 1:300, 7 video tutorials, economic calendar|
|High-Profile Arbitrage||100,000||Low spreads from 0.0 points,
a full selection of video tutorials, access to webinars
|Pension Wealth Inv||250,000||Individual service|
What is meant by arbitrage in these conditions is a real mystery to us. Perhaps the creators of the project should update their knowledge and learn what arbitrage is in trading. The conditions of accounts are also absurd. Who in their right mind would agree to transfer $10,000 for 4 e-books and access to webinars?
The platform is the most common. Coin Wealth Inv offers to trade using a Web Trader. There is no downloadable app for PC or smartphone. Platform loading is slow, which may lead to an untimely entry into the trade. A delay even for a short time in trading is unacceptable.
Coin Wealth Inv — Deposit and Withdrawal of Funds
The conditions describe that one of the following methods can be used to deposit: cards, bank transfers, payment systems. The minimum withdrawal amount is $100. If you really decide to fund your account, you will face a problem. You will need to contact the manager beforehand and discuss this issue. Coin Wealth Inv discloses the details only in a personal conversation with you. Traders generally write in reviews that the broker accepts money only in cryptocurrency.
Verification can be completed in your personal account. To do this, you will need to provide photos or scans of your passport, ID card or driver’s license. You also need to confirm the address of your residence. You can send to Coin Wealth Inv copies of utility bills. If you deposit money with a credit card, you will have to take a picture of it.
Among the additional options, Coin Wealth Inv has only education. However, it is difficult to call it first-class. Although the company says that it will guide you through all the difficulties of trading, all its promises are worthless. You will have to deposit at least 10 thousand dollars to get access to 4 ebooks and webinars. Is it really worth it? You can find all the necessary information on the Internet at a lower price or even for free.
Is Coin Wealth Inv a Scam?
If you still have no doubts about the broker’s activities, we will show you the most obvious problems. When choosing a trading platform, it is better not to rush, but to carefully check all its shortcomings.
Legal Information and License
Coin Wealth Inv does not disclose its address, and generally does not disclose information about the name of the management company. However, if the phone is located in the UK, then there should also be an office there. All legal entities of this country are listed in the register. However, we did not find such a company on the Companies House portal.
In the United Kingdom, the FCA strictly regulates the activities of brokers and investment companies. Of course, if the company is not even registered in the UK, it could not get a license from this regulator. Therefore, the FCA registry does not contain any information about Coin Wealth Inv.
By the way, the broker’s conditions are far from those that are allowed in European countries. It offers too high leverage to retail customers. Offshore companies more likely do that without any hint of a license. Coin Wealth Inv states that the relationship between the client and the broker will be regulated under the laws of Saint Vincent and the Grenadines. Maybe we will find such a legal entity in this registry?
No, there is another failure. Coin Wealth Inv works absolutely illegally.
Coinwealthinv.com Domain Info
The period of the company’s work also remains a mystery. Coin Wealth Inv does not mention this on its website. By the way, reviews about it have appeared recently. The domain registry showed the real situation. The domain, like the company itself, appeared in the summer of 2022.
Contact details are incomplete. As we have already mentioned, Coin Wealth Inv does not specify the office address. You can only contact it by phone number, email, or live chat.
Even though the company operates illegally, it still asks you to pass verification, and to send copies of your documents. We never found out what kind of “professionals” work on the Coin Wealth Inv team. Nevertheless, they give you trading recommendations and advice. However, it should be noted that they completely waive responsibility for this, even if you’ll lose money because of their forecast. Another important point is that if Coin Wealth Inv really accepts deposits only in cryptocurrency, you will not be able to use the chargeback and get your money back.
Pros and Cons
- Low minimum deposit.
- No official registration.
- Short period of work.
- No license.
- Ridiculous trading conditions.
- Poor additional services.
Frequently Asked Questions (FAQ)
It is a broker that offers CFD-trading with different types of assets.
According to the terms and conditions, the minimum deposit here is $250. However, to get a more complete set of services, you will have to fund your account by at least 10 thousand.
No, it isn’t. This company is not even officially registered and operates without a license.