Coiniwelt is an offshore Crypto / Forex Broker, that opened on November 24th 2020. This broker is out of business!
The only information offered is a generic contact email address of: [email protected]. The Official website is at: https://www.Coiniwelt.com.
As of September 22nd 2022, we see their website no longer works. If you are trying to get your money back, read this.
Coiniwelt Review
Our general review of the new broker Coiniwelt shows, that they are giving their investors the trading platform made by Airsoft. The Airsoft trading platform is a very basic web-based CFD trading app, which does not have any mobile apps. If you look at the screenshot below, you can see what the online trading platform looks like. Of course you will see that they offer a wide variety underlying assets for CFD trading including; Shares, Crypto Currencies, Forex Pairs, Stocks, Commodities and Market Indexes.
Coiniwelt’s website and trading platform are available in both English & German. The minimum deposit requirement is above 250 Euro, and their payment provider is a company called GumBallPay. Advanced traders who are used to using MT4 or MT5 will not have the ability to use it at this broker.
They look very similar to the broker “Solid Capital” that we already reviewed. The difference here is that Coiniwelt does not disclose any ownership details.
AnyDesk is predominantly displayed on this brokers website. Although AnyDesk is a popular screen sharing software, it is very dangerous to give someone access to your computer for Forex trading.
Many scams have been perpetrated via scrupulous brokers using AnyDesk. If you have a problems with the broker, it can become a huge headache trying to get your money back, read more here.
Fake News Warning!
Before investing with an automated trading system, you should know that 99.9% of people lose money that way!
Many people read a legitimate looking article about a person that made thousands of dollars using a trading software like “Bitcoin Code“. The truth is, the only person making money is the one who wrote the article!
You are better off investing at a regulated broker, and use free trading signals from Trading Central, see here.
Is Coiniwelt a Regulated Broker?
No, Coiniwelt is not licensed and not regulated.
The Scam Broker Investigator uses a very quick and easy method to determine if a Forex broker is legitimate or a potential scam. We check to see if the broker has a license and is regulated by any reputable government regulator like; FCA United Kingdom, FSCA South Africa or ASIC Australia.
All Crypto / Forex brokers in must be licensed and regulated by the financial regulatory agency in their country. You can find popular Forex brokers that are licensed and regulated listed here.
Compare Regulated Brokers
There are many Crypto and Forex CFD brokers to choose from online, therefore, you should first look at the popular brokers.
ForTrade is a fast growing broker for new & experienced day traders. ForTrade is regulated in Australia, Europe, United Kingdom and Canada, see here.
Are you currently investing with Coiniwelt? Share your experience, with other investors reading this review.