“Go-Coin: broker review in 2022”
The company Go-Coin offers unique conditions for beginners to start trading: no commissions, free access to trading terminals, and a minimal entry threshold. They are clearly focused on attracting novice traders, understanding that reputable brokers set high requirements that are not always accessible to beginners.
Main information about Go-Coin
Go-Coin claims to have achieved significant results in its 4 years of operation in the financial markets:
- 35,900 active traders,
- 327,000 daily transactions,
- 200+ financial instruments,
- $90 million in daily trading volume.
Despite the company’s promises, there are currently no reviews from real clients. Research has shown that the domain was only launched in 2019, raising questions about the credibility of the stated results.
Warning about Go-Coin
While Go-Coin actively attracts clients from various countries, including Russian-speaking regions, attention should be paid to some nuances:
- The company does not take responsibility for the financial consequences of personal recommendations,
- Refusal to provide services can occur at any time,
- No liability for losses in case of errors in the terminal’s operation,
- Withdrawal of funds is possible only after 20 working days.
It is also worth noting that the company operates within the legislation of Vanuatu, which may have negative consequences for clients.
Legal information
Go-Coin lists an office address in Larnaca, Cyprus, but the actual office information turned out to be false. Additionally, information about licenses in the UK, Belize, and the Republic of Mauritius also does not correspond to reality, raising doubts about the legality of the company’s activities.
Offer from Go-Coin
Go-Coin offers minimal deposits to start trading, leverage up to 1:500, and various additional services. However, the lack of information on payout regulations and commission policies may raise doubts among potential clients.
Reviews about Go-Coin
At the time of writing, there are no reviews of the company Go-Coin. This may serve as a warning for potential investors to be cautious of such dubious offers.
Fraud scheme
According to available information, the company Go-Coin may use various methods to attract beginners and manipulate trades for deceptive purposes. It is important to be vigilant when choosing a financial broker.
I recently had a very disappointing experience with Go-Coin. Their customer service was abysmal. Whenever I had any issue or query, it took them days to respond to me, making the entire process unnecessarily stressful. Moreover, their broker fees are quite high compared to other platforms I’ve used in the past. Their platform’s interface is not user-friendly either, which added to my difficulties navigating the site. Despite their promise of safe and secure trading, I had a security scare which, again, was poorly managed by their team. Overall, I would not recommend Go-Coin to anyone looking for an efficient and reliable crypto broker service.