CoinEx VIP expects you to believe that this crypto exchange offers legitimate trading tools. But something is just not right about the whole setup and offer. As soon as we saw CoinEx VIP’s website, we knew that we had a case.
On the CoinEx VIP’s website, you will not find any legal documentation, company name, ID number, address, phone number, etc. There is mention of OKEX, a large crypto exchange, but these two entities are not connected. So basically, CoinEx VIP is anonymous, meaning there is no chance that the platform is regulated.
Instead, find a reliable platform that legally operates under the watchful eyes of renowned financial market regulators such as the FCA (UK), CFTC & NFA (US), IIROC (Canada), ASIC (Australia), BaFin (Germany), etc.
If you need help finding the right provider for you, we offer our professional assistance.
A company cannot legally provide services in these countries without the necessary license, which CoinEx VIP does not have. And the Belgian financial watchdog was clear – CoinEx VIP is a fraud.
Since Poland and Hungary are EU members, their regulators also enforce the same regulations as the FSMA, the ones which CoinEx VIP is not compliant with. Regulations are crucial to ensure that volatile and unpredictable assets such as cryptocurrencies are being traded transparently.
CoinEx VIP offers a mobile trading app. Oddly, there is no download link for the app, only a QR code. As for the trading platform, the CoinEx VIP login page provides access to a lackluster web-based terminal.
This platform can be used to buy and sell cryptocurrencies and trade binary options and perpetual swaps. Both binaries and perpetual swaps are popular ways of trading crypto, easy to comprehend.
You can access and preview the platform via a mobile app or on CoinEx VIP’s website but it’s impossible to try it out unless you open and fund your CoinEx VIP account. There is no risk-free demo account or trial period.
CoinEx VIP offers a wide range of cryptocurrencies. The available coins can be traded against US Tether, Bitcoin, and Ethereum.
Please note that the crypto market is extremely volatile. Therefore, it’s incredibly risky to trade such volatile assets on an unregulated exchange.
Book a free consultation with us and learn how to recover your funds.
The whole point of CoinEx VIP is to convince potential users to buy crypto via the exchange. However, trading commissions, the minimum deposit requirement, as well as deposit and withdrawal fees, are unknown.
Such a lack of transparency is not something you want from a provider that is supposed to receive your funds. This platform will not allow you to withdraw your funds so do not count on it. Instead, you have to act quickly and seek out professional help.
CoinEx VIP’s customer support is supposed to assist users with their inquiries and issues. The website listed several emails and a web form but it’s just a ruse.
To sum up our concise review, CoinEx VIP is an anonymous crypto exchange used to trade cryptocurrencies, binary options and perpetual swaps. This exchange has been active for about half a year and already received some negative feedback.
We don’t recommend you trade on this exchange because it’s unregulated and blacklisted by the Belgian FSMA regulator. If you’ve fallen victim to the CoinEx VIP scam, please book a free consultation with Global Fraud Protection and we’ll explain how you can get your money back. Our experts will gladly assist you throughout the fund recovery process.
Book your free consultation today and find out what the next step is.
No. CoinEx VIP is not a regulated exchange. This platform has been blacklisted by the Belgian FSMA.
CoinEx VIP is an anonymous crypto exchange scam. This platform is a cyber trap.
Highly unlikely on your own. That is why it’s crucial to contact us and explain how you lost your money.
Absolutely not. CoinEx VIP is a blatant scam that will undoubtedly steal your money.
The post CoinEx VIP Review: How We Exposed The CoinEx VIP Scam appeared first on Global Fraud Protection.
