Brief Look at CoinFLEX
CoinFLEX, a UK-registered brokerage platform, lacks a license and isn't regulated by the FCA, the main financial regulator in the country. In 2023, the FCA issued a warning about CoinFLEX's fraudulent activities.
The platform has a low trust rating (2.8) on independent review sites, raising more concerns.
Many users have posted online complaints about withdrawal delays, unresponsive technical support, and sudden account blocks without explanation. Traders also accuse the platform of market manipulation, such as inflating trading volumes and offering 1:1000 leverage.
The website's lack of information and absence of contact details suggest that CoinFLEX is a scam.
Because of these issues, CoinFLEX has been blacklisted for 2024.
Be careful and avoid this platform!
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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