FXPRO COIN is a Contract For Difference (CFD) broker officially registered on April 24, 2023. It mainly offers investors trading services in financial derivatives such as forex, stocks, spot indices, futures, cryptocurrencies, spot metals, and spot energy. This broker does not provide services in jurisdictions where it would be against local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the FXPRO COIN official website reveals that the broker is owned and operated by FxPro Ltd, with three branches: FxPro Coin EU Ltd, FxPro Coin Capital Markets Australia Pty Ltd, and FxPro Coin Capital Markets Pty. They are regulated by the Central Bank of Ireland (CBI), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority of South Africa (FSCA), with license numbers C53877 (CBI), 406684 (ASIC), and 45984 (FSCA), respectively.
Upon verification, the regulatory information provided by this broker was found to be borrowed from two major brokers, FxPro and AVA Trade. FxPro Ltd is actually FXPRO UK LIMITED, a company registered in the UK and regulated by the FCA, with its FCA-approved website being www.fxpro.co.uk. The license numbers C53877 (CBI), 406684 (ASIC), and 45984 (FSCA) actually belong to AVA Trade EU Limited, AVA CAPITAL MARKETS AUSTRALIA PTY LTD, and AVA CAPITAL MARKETS (PTY) LTD, respectively.
Account Opening:
To open an account with FXPRO COIN: Visit the broker's official website, click on “SIGN-UP” at the top right corner of the page, enter personal information such as name and email address, set a password, and submit the application. The account will be successfully registered upon submission.
Investment Plans:
FXPRO COIN offers three investment plans: GOLD, DIAMOND, PLATINUM.
GOLD:
- Minimum investment amount: $1000.50
- Maximum investment amount: $5,000.50
- Investment return rate: 20%
- Investment period: 5 days
- Customer service: 24/7
DIAMOND:
- Minimum investment amount: $5,000.00
- Maximum investment amount: $15,000.50
- Investment return rate: 45%/day
- Investment period: 3 days
- Customer service: 24/7
PLATINUM:
- Minimum investment amount: $20,000.50
- Maximum investment amount: $50,000.50
- Investment return rate: 150%
- Investment period: 24 hours
- Customer service: 24/7
The above investment plans resemble typical Ponzi schemes; investors should exercise caution.
Trading Platform and Deposits/Withdrawals:
FXPRO COIN provides a proprietary trading platform for its users, and supports deposits and withdrawals through e-wallets.
Summary:
Traderknows reminds investors that FXPRO COIN is a fraudulent platform that uses the business registration and regulatory information of two major brokers, FxPro and AVA Trade, to deceive investors with so-called high returns. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as a "Pig Butchering Scam" on Traderknows.
