Coin Gainers Review – Broker at a Glance-
Broker Website- https://coingainers.ltd/
Address- UNITED KINGDOM
Regulated By- None
Warned By- Financial Conduct Authority (FCA)
COIN GAINERS Review
In this COIN GAINERS review, you will get to know how you can protect yourself from such potential scam brokers. Read the review to know more:
This firm is not authorized by FCA. They are targeting UK general public and the investors. They are based at West End – 4101, Queensland, Australia. They are also operating from 221, Suite 900, Brickell Avenue, Miami, UK. Their email ID is support@coingainers.ltd and their website is https://coingainers.ltd/. They started their operations in 2020 in UK and 2021 in Australia. They have put up fake registration documents on their website. The modes of payment they accept are Bitcoin, Bitcoin Cash, Perfect Money, Ethereum, Payeer, Litecoin, and Dogecoin. They offer four diverse investment options to choose from. Their website gives a confusing signal about where it is registered. Their website claims they deal in cryptocurrency trading, forex, stocks. Also, they are providing investment services worldwide.
The general public and investors are hereby warned by FCA that other firms related to “COIN GAINERS” may also give out other details. Over time they may change contact details, a new email ID, physical address, and/or telephone number. At present phone number is +44 7493974159.
Warning By FCA
Financial Conduct Authority is commonly known as FCA. The market dealing with finance or financial markets need to be honest, true, rational, and effective so investors and consumers get a fair deal is governed by FCA.
FCA is a conduct watchdog or regulator in the U.K. for more than 51,000 financial services provider firms in the UK market. They oversee all that the financial market works fairly for individuals, companies, and businesses. They do this by regulating the firm’s conduct. They efficiently and practically supervise more than 49,000 companies/firms. They also set definite standards for around 18,000 firms/companies.
Established on 01st April 2013, FCA works together with the Prudent Regulatory Authority (PRA) for around 1,500 banks, credit unions, building societies, major investment firms, and insurers.
Powers of FCA
Firms, companies, or individuals must meet a range of requirements of FCA before they operate in the financial market. FCA reviews their risk, business plans, resources, budgets, systems, key staff, and controls before authorizing them. Once authorized, they are supervised on regular basis for their conduct. For this, they get enforcement powers to protect consumers. They have powers to withdraw firms’ authorization if they breach a set of rules. They can prohibit individuals who are carrying on unregulated activities.
Protecting yourself
Doing business with unauthorized firms harms you financially, mentally, and emotionally. Always deal with firms that are registered or authorized by FCA. You can go through the list of illegal firms at the Finance Service Register or Fraud Reports Online. FSA and Fraud Reports Online have information and a list of firms that are unauthorized or unregistered in the UK. If things go wrong, you have better protection dealing with an authorized firm. You can also find the list of firms with their present and history.
Means and methods of operations.
Scammers are always on an outlook to steal your hard-earned money. They find new ways and techniques to rob you. Scammers usually want you to transfer money through cryptocurrency, wire transfer, or gift cards. Transfer of funds is virtually impossible or hard to trace.
How does FCA Operate?
The main objective of FCA is to make sure financial markets operate responsibly well. They protect the investor or consumer with an appropriate degree of protection. They protect and improve the reliability of the UK financial system. FCA promotes adequate competition in the interests of consumers and investors.
Conclusion
There are many red flags for coingainers.ltd. The fraud/scam firms cheat/dupe innocent investors and the general public by making luring and unachievable gains on your investment. Investors should better choose brokers who are legally authorized by the authorities and sidestep the ones who are not. Always read the reviews before investing your precious and hard-earned money. This will prevent you from getting scammed by cryptocurrency scams, forex scams, stock trading scams, investment scams, and many other scams. You can also read the review of potential scam broker review before investing.
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