Warning: Is CoinFastTrades a Scam?

Is CoinFastTrades (coinsfasttrades.com) a Scam?

Be careful of CoinFastTrades (coinsfasttrades.com); it displays many characteristics of a fraudulent scheme.

CoinFastTrades appears to be a investment platform, but it appears currently not authorized by any major financial regulator, like the ASIC or CySEC.

Scammed by CoinFastTrades?

Are you struggling to access your funds from CoinFastTrades? Submit the inquiry below to talk to recovery experts for a complimentary case evaluation.

Can You Trust CoinFastTrades?

CoinFastTrades runs without supervision.

Investing with unregulated brokers is extremely unsafe. Legitimate firms are must be licensed with agencies like the FINRA or FCA to protect investors.

CoinFastTrades lacks this supervision. As a result, there is no legal recourse if they keep your money. Many online scams use unregulated actors, and getting back money from them is hard without professional assistance.

For instance, in Europe, unlicensed firms are outside the jurisdiction of the compensation schemes. In the US, they are not members of SIPC, meaning your capital is at risk.

How CoinFastTrades Might Scam You

Online trading fraud is evolving. Fraudsters use social engineering to take your savings. Below are typical methods used by sites similar to CoinFastTrades (coinsfasttrades.com).

The "Romance" Trap

The "Romance Scam" is a cruel method where scammers build trust over weeks. They fake a relationship on social media. Eventually, they introduce a special investment. It's a trap to get you onto a scam site like CoinFastTrades.

Fake Trading Dashboards

Scammers build websites that look exactly like legit trading apps. You see graphs and profits that go up. But it is a game. The broker controls the numbers to convince you to deposit more. If you ask for a payout, the "profits" are gone.

Other Warning Signs

• Cold Calling: You get calls from "brokers" out of the blue.
• No License: The firm has no authorization.
• High Returns: They promise 1% daily returns with no risk.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" first.
• Aggressive Sales: "Account managers" pressure you to invest bigger amounts.

Ignore positive ratings. Fraudulent brokers often write their own positive reviews to look legitimate.

Verdict

We do not recommend CoinFastTrades. It appears to be a fraud. Save your funds and find a licensed broker. Avoid coinsfasttrades.com at all costs.