When it comes to trading, there are many brokers in the market, but not all of them are trustworthy. Coinbosb.com is one such broker that has been in the spotlight for some time now. This review aims to provide an unbiased opinion on whether or not coinbosb.com is a scam broker.
Overview:
Coinbosb.com is an online trading platform that claims to offer trading services in forex, stocks, and cryptocurrencies. The broker has a simple and user-friendly website with all the necessary information for traders. However, digging deeper reveals some concerning issues. They even don’t have a good designer website, but they claim they provide the traders the top-class trading experience.
Is coinbosb.com Regulated?
Coinbosb.com is not regulated by any financial authority. This means that the broker operates without any oversight or regulation. You cannot find any “About Us” section on their website. Their website looks like a mobile website with some non-working buttons.
Warnings From Financial Regulators:
Several financial regulators have issued warnings against coinbosb.com, including the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA). The regulators have raised concerns about the broker’s activities, and some have even gone so far as to issue cease and desist orders against it.
What Currency Pairs Do They Offer?
Coinbosb.com offers a range of currency pairs to trade, including majors, minors, and exotics. However, it is unclear whether these pairs are offered through a market maker or an STP/ECN model. This information is critical because it affects the execution and pricing of trades.
Customer Support:
The broker claims to provide customer support through live chat, email, and phone. But, when we go to their website, there was no option or page for customer service or the “Contact Us” section. However, many traders have complained about the poor quality of customer support. Some have reported being ignored or given vague responses to their queries, which is concerning.
Trading Platform:
Coinbosb.com offers the MetaTrader 4 (MT4) trading platform, which is widely used by traders worldwide. The platform is renowned for its user-friendly interface, advanced charting tools, and extensive library of technical indicators. However, MT4 is a third-party platform, and the broker may have tampered with it to manipulate prices. We did not find the platform in reality. When we click on the My Account option, they showed only the login page.
What Do Traders Think About coinbosb.com?
Online forums and review sites are rife with negative feedback from traders who have invested with coinbosb.com. Many traders have reported that the broker is a scam, and they were unable to withdraw their funds. Others have accused coinbosb.com of using underhanded tactics to force traders to deposit more money.
What To Do If You Get Scammed?
If you have been scammed by coinbosb.com or any other broker, there are a few steps you can take to try to recover your funds. The first step is to contact the broker and ask for a refund. If this does not work, you can file a complaint with the financial regulator in your country. You can also seek legal help from a lawyer specializing in financial fraud.
You should submit your case to us. We will evaluate your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
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Final Thoughts
Coinbosb.com is an unregulated and untrustworthy broker. The warnings from financial regulators and negative feedback from traders should give any trader reason to pause. Investing with an unregulated broker is a risk that should not be taken lightly. Therefore, it is best to steer clear of coinbosb.com and any other unregulated broker.
