CoinBrokerz was an unlicensed Crypto CFD broker that opened in December 2017. As of May 2019, they website is inaccessible.
This broker is actually owned by a company called Bitcom Limited which is located in Saint Vincent and Grenadines. On their website they list a fake address of: 25 Cabot Square, 1 Canada Square, Canary Wharf, London E14 5AB, United Kingdom. Contact phone number is +44 203 8075524, and email address is: [email protected]. Official website: https://www.coinbrokerz.io/.
Complaints and withdrawal issues you can read about here.
CoinBrokerz Review
The Forex trading software that you see at CoinBrokerz, is made by a the company Airsoft. It is a web based platform, with no options for mobile trading. Look at the screenshot below to see how the software looks. More than 100 underlying assets are available, including Bitcoin, Ethereum, Currency pairs, Stocks, Commodities and Market Indexes.
CoinBrokerz’s website and trading platform is available only in English. New trading account types start with a minimum deposit of $250. They are denominated in BTC or Tether, although you can deposit with a credit card using DreamsPay or BillPro.
CoinBrokerz License Check
Scam Broker Investigator uses a quick and easy method to determine if a new Crypto Currency broker is legal or just another scam broker. We look to see if the broker is licensed and regulated by anyone of these regulators; FSB South Africa, FCA United Kingdom or ASIC Australia.
CoinBrokerz is not a licensed broker.
You should look at some of the popular crypto brokers which are licensed, look here.
Warning from ASIC Australia
“ASIC urges all investors considering trading in forex to check they are dealing with an entity that holds an Australian financial services licence.”
Compare Legitimate Brokers
There are hundreds of Forex and Bitcoin brokers to choose from online, so first look at the best brokers listed here.
ForTrade is the best broker for new investors to start with. They are a legitimate broker, that is regulated by the FCA & ASIC, look here.
Try a Free Demo Account, on their awesome trading platform, signup here.
Are you an existing client of this broker, please share your experience with the other investors reading this review, in the comments section below.