Brief Look at Decoin
Decoin, founded in 2017, is a scam broker falsely claiming to be a licensed exchange. It is registered in the Seychelles, a common location for offshore brokers.
The regulatory licenses that Decoin claims to possess are dubious, as they are not listed on the official regulator's website.
Decoin's IP address is identical to that of Solar Group Ltd, a company known for fraudulent activities. In early 2023, numerous fake reviews appeared on TrustPilot in an attempt to bolster the exchange's reputation.
Genuine client reviews of Decoin tell a different story. Traders report account closures and blocked accounts. Users are still unable to withdraw funds for the coins they purchased.
Reviews often mention discrepancies between actual and stated rates, resulting in significant losses. For example, traders bought coins for $20 but could only withdraw them for $1.
Due to repeated fraudulent actions, Decoin was blacklisted as a broker in 2024.
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.
Articles that may help you
