CoinFinex was an unregulated Crypto Currency broker, that opened in January 2018. Their website no longer works.
For withdrawal problems and complaints go here.
CoinFinex Review
The Crypto exchange trading platform you see at CoinFinex, looks like the software developed by Frontrader. Investors will find only Crypto CFD’s available, on underlying assets of Bitcoin Litecoin, Ethereum etc., with crosses against the US Dollar and other crypto coins.
Social trading is not yet available, so if you are looking for that, check out the review of eToro. Their website is available in English, Russian, Arabic, German, Italian and Turkish. The minimum deposit to fund your trading account is $500. They accept deposits by Credit Card, Wire Transfer, Bitcoin, and VLoad. The smallest trade size for bitcoin is 0.10 BTC, which requires margin of $400.
Commission are between 4% – 6%, and they offer bonus money up to 100%. Make sure you read the terms and conditions before taking a bonus, or you will have problems when it comes time to withdraw your money.
CoinFinex License Check
Before investing money with a Forex or Crypto Currency broker, the smart way to determine if they are legitimate or a scam, is to look for a valid brokers license. Scam Broker Investigator has reviewed more than 500 brokers, by check to see if they hold a license from FSB South Africa, ASIC Australia or FCA United Kingdom.
CoinFinex does not have a valid license.
They are owned by TONGA Ltd, which is located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. Contact phone number in Switzerland is: +41215087657, and their email address is: [email protected]. Official website is at: https://coinfinex.com/. They mention a company 21 Wolfs LTD, Banishora, Block 16A, app. 33, 1233, Sofia City, Bulgaria on their website.
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If you are currently investing with CoinFinex, please share your review in the comments below.