TheCoinTrust.com reviews out there show that this entity is a scam that wants to steal your deposit. For that reason, we urge you to avoid the broker altogether.

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TheCoinTrust broker review: Not legit but a scam

The Coin Trust is a dubious broker offering various financial instruments. It is owned and operated by an offshore company called SPT Media LLC.

Details of SPT Media LLC are nowhere to be found online. The only SPT Media LLC that we found is a US-based company that has nothing to do with TheCoinTrust or any other Forex broker.

We therefore conclude that the statement that associates this broker with the company in question is false. What we know is that The Coin Trust is based out of the St. Vincent and the Grenadines.

This is an offshore location where regulations are weak or do not exist at all. This is the reason why shady brokers like Binetrix, Soltechx and Pibexa have found it a convenient place for executing their Forex fraud.

This particular broker has also failed to disclose their real ownership details which is a big red flag. Apart from this, their website does not tell us anything special that sets them apart from other brokers in the industry.

The marketing material is basically fluff. The broker still wants to win your trust despite proving that they can’t be trusted.

This is the kind of Forex broker that will steal your deposit and block you from further accessing your trading account.

TheCoinTrust Review: Not regulated

The broker does not have any form of a Forex broker’s license. They are also not regulated even by the local ‘financial watchdog” that oversees brokers in the SVG area.

An offshore and unregulated Forex and CFDs broker is definitely a high-risk platform for your trading. They are not responsible for protecting your investment.

This is why they don’t guarantee that your funds will be kept in a segregated account. Instead, all the deposit is always going into the bank account of a strange company or even an individual.

You should only trade or invest with well-regulated brokers in other markets like America, Europe, Australia and so on.

This is because the aforementioned markets have strict regulators who will not tolerate scams. Safety of funds is always assured by implementing a number of requirements that Forex brokers should adhere to.

TheCoinTrust is not one of the regulated brokers hence it is a scam straightaway.

TheCoinTrust reviews are very negative

This broker is the subject of many complaints in the reviews that we came across. This is the proverbial smoking gun because naturally, if a broker is doing its job well, there should be very few complaints.

But it seems theCoinTrust is out to scam traders. They don’t fear the consequences of stealing your money.

Because we stand for transparency, we invite you to write your review of this broker in the comment section. It would be helpful in enlightening other traders and warning them not to invest with The Coin Trust.

The Conclusion of this Review

A broker like The Coin Trust is a sure scam. You don’t need to think twice about it. They lack transparency and this is why they are not willing to disclose details of who they are and what company is behind the fraudulent website.

However, all is not lost. If you’re a victim of their dirty game, you should visit this page to pursue your funds. This is what all the other victims are doing to get back their funds from this filthy scam.

Thanks for reading this review.