Coinomania: traders’ reviews, facts analysis
Reviews of Coinomania: who is Coinomania?
The company Coinomania claims to be a market leader since its inception and has gained the trust of over 400,000 clients. But what evidence does it have to support this?
Reviews from traders, expert analyses, and awards are all missing. This could indicate that the company is not very interested in long-term relationships and adheres to a deceitful strategy. Our review will uncover the key facts about Coinomania and provide a final evaluation.
Verification of Coinomania: flaws discovered
A careful analysis of the Coinomania website revealed that the content has been copied and reworked multiple times. At first glance, everything looks attractive, but newcomers may be deceived. To create the illusion of success, fraudsters provide statistical data:
- Operating in the market for 4 years already,
- Over 420,000 accounts opened,
- $120 million turnover daily,
- 100,000+ transactions per day.
However, no evidence supporting these figures is provided. Mentions of participation in conferences and awards in 2020 are just superficial information. The conference program is not disclosed, and the awards are not specified.
The company’s period of existence also raises doubts. The website mentions the project’s launch in 2018, but WHOIS data shows that the domain has been active since 2015. The domain previously had a different owner, and later it remained inactive. Activity only picked up towards the end of 2021, indicating it’s more of a new project than an old player.
Regulation and conclusions
The company claims that its operations are legal. However, verification data of addresses and regulators suggest otherwise:
- Cyprus CySEC (391/392),
- IFSC (19/93/46/48),
- Financial Services of Mauritius (F479682367).
However, the official databases of these bodies do not contain information about Coinomania. Despite the seeming confidence, the lack of real grounds adds suspicions.
The user agreement also raises numerous questions. Intermediaries, as claimed, are entitled to act without warning and impose one-sided additional charges. These and other conditions create risks for traders and muddy the waters.
Commercial offer from Coinomania: risk and services
Coinomania provides access to trading tools and promises zero commissions. However, the unclear withdrawal and deposit process, as well as the absence of real reviews, pose risks for investors.
The unavailability of a demo account, high entry threshold, various account types with dubious features, add caution. Uncertainty in fund withdrawals increases the risk of financial losses.
Investors’ reviews and Coinomania’s scams
Reviews about Coinomania are scarce, allowing scammers to conduct uncontrolled activities and attract newcomers. It is essential to warn others and share experiences to prevent deceit.
How Coinomania scams clients
The company targets its victims on broker blacklists and forums, promising assistance and support from lawyers and analysts. They gain access to personal data and bank accounts, making it impossible to retrieve money. Even if the victim realizes the deception, they lose the ability to recover their funds and access to their account.
Summary of Coinomania review
The company Coinomania lacks objective evidence of its activities and lacks legal grounds. Do not fall for the tricks of scammers, be vigilant, and help others avoid financial risks.