Coinwow Alert


On May 8th, 2024, Brokervictims received an alert from its CRM system regarding a potential scam. This broker operates under the name Coinwow and has a website called CoinWow raises significant concerns for potential investors due to a lack of transparency about its services and operations. The company lacks basic details about its background, founders, and team. This secrecy makes it difficult to assess their legitimacy and experience. Moreso, there are warnings regarding the lack of regulation and licensure which automatically puts your funds at risk. CoinWow may promote unrealistic earning potential or guaranteed returns. Legitimate platforms prioritize responsible investment strategies and transparent risk management. The missing information about fees, withdrawal policies, and supported cryptocurrencies, adds another concern.  

Given the insufficient company information and regulatory issues, it’s strongly recommended to avoid altogether. If you suspect you have been scammed by Coinwow, gather all possible evidence to support your claim. This includes communication records, bank statements, and any material you received from the broker. File a report with your local law enforcement agency and report to the relevant regulatory agencies such as the Securities and Exchange Commission (SEC) in the US and the Financial Conduct Authority (FCA) in the UK.

File a complaint with Brokervictims to further pursue the broker and assist you in the process of fund recovery.

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