Read a complete CoinMog Review to know about this broker.
Broker Website – http://coinmog.net/
Address – NA
Warned By – Ontario Securities Commission (Canada)
Scams are everywhere. Even in 2022, unpleasant scam brokers keep targeting traders and investors. To save you time, we’ve compiled a list of scam brokers 2022, so you can easily identify brokers to avoid.
Scams Online’s aim is to protect the online traders from scam brokers. Through CoinMog Review we wish to alarm the traders about the possible issues related to this scam broker. Read the detailed CoinMog Review below and keep your hard earned money safe from scam brokers.
Scams Online Scam Detector for CoinMog broker
We analyzed the website of CoinMog and we found many possible scam features available in their website. Their is no concrete proof that CoinMog is regulated by any reputed regulatary body like FCA UK, ASIC Australia, CySec, Finma, Consob Italy or others. Also, this broker is blacklisted by the Ontario Securities Commission (Canada) for offering financial services without holding any license.
Other major red flag is the absence of important information on the website of the broker. Absence of critical information in the website is an indication that the broker does not want to show those to the traders and thus sign of a potential scam. Attractive offers in the website are misleading and they are meant only to committ scams by victimizing the innocent traders who are entrapped by false promises.
How CoinMog scam is done?
Unregulated Scam brokers whether Forex, Crypto or another find it very easy to scam traders. Free Bonus offers, minimum initial deposit and attractive returns which are far away from the normal are their tools. For example- You will be offered more than 100% profits in a month or something too good to be true. The team members will try everything to get an attractive deposit from innocent traders and once the deposit is done, they can run away with it.
CoinMog Review: Withdrawal issues
If you are already trading with CoinMog, you should immediately withdraw your funds by submitting a withdrawal request. Your funds can not be safe with scam brokers like Coinmog.net. They might have asked you to sign some agreement which authorizes them to do anything they want to do.
Negative CoinMog Reviews
CoinMog broker has a number of online reviews in popular online review websites like Forex Peacy Army, Scams Online and others. Scams Online has made an extensive research work on CoinMog reviews before concluding the fact that Coinmog.net is a scam broker. There are hundreds of dissatisfied customers who have reported scams in review websites like Trustpilot and others. These online reviews are from real people although the positive ratings might have been added by CoinMog with the help of some fake reviews done through some automation. Negative reviews are big Red flags and traders should avoid trading with brokers having negative reviews.
Is CoinMog Legit? Final Thoughts
Based on the facts provided above, it can easily be concluded that CoinMog broker is a scam broker. Traders who have not invested on Coinmog.net assets should be warned about the possible scams done by this broker. Instead invest in some genuine and profitable assets from genuine brokers.
Scams Online has made fund recovery from scams possible through a legal process which has helped victims of scam brokers in getting back millions of dollars from scams. They have fund recovery experts who are legal lawyers and experts and who have already won hundreds of scam recovery cases.
If you are a victim of CoinMog broker scam, you can get your funds back. All you need to do is to file a complaint against the broker here through our online complaint form. Our experts will contact you and provide a free consultation. We want to make you believe that fund recovery from scammers is possible and in the most genuine way. We have more than 10 years of expertise in fund recovery.
Read our other expert reviews about scam brokers and keep your funds safe from scammers.
Visit Scams Online Twitter.