Coinfinex Review: A Dodgy Forex Platform

Coinfinex Review
  • Contact and support
  • Deposit Safety
  • License and Regulation
  • Profit Margins
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Summary

Coinfinex claims to offer high-profit margins. However, those who have invested haven’t seen a penny. Please find out more in our exclusive coinfinex.org review.

High-quality risk management services are what Coinfinex claims to bring to the table. We have a forex investment firm that claims to offer transparency to investors. And yet, coinfinex.org blocks withdrawals for most first-time members. So even after trading and making a profit, you won’t enjoy your earnings. The platform has come under heavy scrutiny for failing to allow members to withdraw. Here’s more in our conclusive COINFINEX REVIEW.

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About Coinfinex

On the about us page, Coinfinex claims to be a financial organization established by a team of experts. But unfortunately, the platform stops there and fails to mention who these experts are and their areas of expertise.

Pros and cons Coinfinex

Already, we see a platform that doesn’t have integrity or transparency. A genuine investment platform will easily layout the founders of the platform. Furthermore, we don’t have any information on their mission statements.

The platform’s background and history are a bit sketchy for our taste. And this is why we immediately recommend against the platform. There are a lot of loopholes found on the platform. It would be best to go over our detailed coinfinex.org review for more.

On the about us page, we can see some grammar errors. It’s clear the people behind it were not keen on passing the right information. For example, despite having a video claiming the platform deals with binary and forex, crypto assets are available.

The platform is not transparent on what trading assets investors will use. As an investor, you need to have all the correct information before signing up. The platform intends to throw off investors by offering fair trading conditions.

Experts recommend that you do due diligence before signing up with any platform. You need to know the experiences of other users before signing up. That’s the only way to know which platform gets the nod from the trading community.

Accounts and investment plans Coinfinex

Coinfinex offers crypto investment types of accounts. You get to use accounts that don’t provide any forex trading features. These eight accounts include Starter, Silver, Gold, Diamond, Topaz, Ruby, Emerald, and Sapphire.

Here’s a closer look at these accounts;

Starter

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It’s the most basic account, with investors having to deposit $80. You get a promise of making 8 percent hourly daily profit margins. Withdrawal is possible after 24 hours.

Silver

For silver account holders, you have to invest a minimum of $500. The account promises a 15 percent hourly profit for 48 hours.

Gold

There’s a minimum investment amount of $4,000 with a promise of making a 20 percent profit. The vesting period is 72 hours.

Diamond

You get an investment plan offering 30 percent for a vesting period of 96 hours. Members must deposit $7,000 to get started.

Topaz

There’s a 40 percent ROI possible after vesting for five consecutive days. Investors must deposit a minimum of $4,000 to get started.

Ruby

For ruby account holders, there’s a minimum deposit requirement of $6,000. The account promises 50 percent ROI within ten days.

Emerald

You get an investment plan offering 60 percent ROI within 15 days. The acceptable minimum deposit is $10,000.

Sapphire

Members get a promise of making 70 percent ROI after 30 days. After that, you can start investing with a minimum of $15,000.

Accounts Coinfinex

Account features

These accounts are taking investors for a ride. No crypto investment can claim to guarantee profits. The platform is also using an unimaginable vesting period. And that’s one of their many red flags.

The guarantee to profit investors is also a hard sell for us. With cryptocurrency, the market is volatile. And this means prices fluctuate depending on the day. It means you might incur losses for a day or two.

Making such guarantees is what makes us question the platform. We believe the platform targets naïve investors who have no clue about crypto investments. The platform targets those who want to make a quick profit in a matter of hours.

We also have to mention that there are no forex trading accounts. Once you open an account, the platform will take over your investment for you. You don’t have a say in anything the platform does with your investment.

Despite the platform claiming to offer forex trading, there are no forex trading accounts. As a result, you don’t get to know the leverage and spreads set for forex assets. And this points to a platform only looking to deceive investors.

Affiliate and referral program

An affiliate and referral program claims to offer 5 and 10 percent bonuses. It seems like a genuine way to earn passive income by inviting family and friends. However, we recommend that you don’t as the platform will steal from both of you.

Their affiliate program is just another way to trap other investors. The platform wants to take advantage of your connections. That’s why you have to stay away from it or risk losing everything.

Business proprietor

You won’t get to see anyone claiming ownership of the platform. Despite claiming to reside in Singapore, there’s no business registry. And this makes Coinfinex an anonymous crypto and forex trading platform.

Avoid investing or interacting with anonymous platforms. These platforms will likely block attempts to withdraw funds. We have seen it happen countless times before, especially with crypto investment firms.

Once you find that you can’t withdraw funds, there’s nothing you can do about it. Hiring recovery agents won’t do the trick. A recent investigation reveals that these recovery agents don’t mandate to freeze bank accounts.

Are funds safe with coinfinex.org?

These agents are part of the final scam act to steal from investors. The platform gives them your contact details. That’s how these agents make first contact and claim to have won a lawsuit against the platform.

All you have to do is cover legal fees for you to earn part of the settlement. Don’t do it, as these agents will laugh all the way to the bank. Remember that these agents are also anonymous with no valid proof of address.

Contact and support

Despite having what appears to be live chat, it’s a message board. Members are to leave their messages and email addresses and wait for a response. So you would expect a more direct approach to contacting investors.

That’s not the case, as the platform even fails to list an active phone line. We only get a support email that takes days to respond to emails. That’s why you have to stay away from the platform or risk losing everything.

Fund Safety Coinfinex

Your funds are far from safe with a completely anonymous platform. The platform also fails to provide a safety net for members. That means there’s no insurance cover for deposits made by clients.

Is Coinfinex a Scam? Yes

License and Registration Coinfinex

Coinfinex fails to have a legit license despite posting a certificate. It shows the levels the platform will go to fool investors. Avoid interacting with anonymous and unregulated platforms. Make sure to confirm with regulators whether a platform is legit.

Our thoughts

After exposing the platform, it’s clear we are dealing with an anonymous investment scam. Please stay away from coinfinex.org.

Use any of these robots to further your trading experience and earn reasonable profit margins.

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