Coinsbit.io Scam Review – How to get back my money from Coinsbit.io. Looking for a reliable broker for trading? Our Coinsbit.io review on Coinsbit.io reveals the truth about this company, and we do not recommend it for several reasons.
First of all, after examining their website, we discovered that Coinsbit.io is not regulated by any governing agency. This is a major red flag, as it means that the customers are not protected and there is a high likelihood that the company will get away with your hard-earned money without any regulatory agency holding them accountable.
Furthermore, Coinsbit.io works with websites that offer “Automated trading software,” which is another red flag. Such websites are notorious for scamming schemes, so it is advisable not to invest in them.
How does the scam work – How can I get back my money from Coinsbit.io?
So how does this scam work? Usually, unregulated forex brokers operate by calling people and convincing them to make an initial minimum deposit. They use various methods, such as offering deals that sound too good to be true, such as doubling your initial deposit or making hundreds of dollars per day easily. These tactics are just a scam. After depositing the initial funds, they will transfer you to a “retention agent,” who is a smarter scammer and will try to get more money out of you. Do not trust the good Coinsbit.io reviews you may see online, as they pay websites and services to post positive reviews to improve their online reputation.
Withdrawing funds – How to get back my money from Coinsbit.io
How to get back my money from Coinsbit.io? Withdrawing your funds is another challenge, as your money is never safe with an unregulated broker. If you try to withdraw your money, they will delay the process for months, making it impossible for you to file a chargeback after six months, which means your money will be gone for good. Even if you remind them or insist on withdrawing your funds, you will not get them back. If you signed the Managed Account Agreement (MAA), which authorizes them to do anything they want with your account, they will lose all your funds, leaving you with nothing to request.
How can I get my money back from Coinsbit.io?
However, there is a way to get your money back. First of all, keep all emails as proof that you have requested the money back, but they have refused to give it to you or delayed the process for too long. The best thing to do is to perform a chargeback immediately. Contact your bank or credit card provider and explain how Coinsbit.io deceived you into depositing money for a non-regulated trading company and how they refused to refund your money. This is the simplest way of getting your money back and the way that hurts them the most. If many chargebacks are performed, it will destroy their relationship with payment service providers.
If you sent them a wire, there is no way to perform a chargeback on it. However, you can raise the fight to a different level by threatening to go to the authorities and file a complaint against them. This will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulatory agencies. Depending on where you live, you can search Google to find the regulatory agency for Forex brokers in your country. Prepare a letter or email describing how Coinsbit.io deceived you and show it to them. Tell them you will send it to the regulatory agency if they don’t refund your money. If you don’t know where to start, contact us and we will help you with this step.
Coinsbit.io Review – Conclusion
In conclusion, do not fall for Coinsbit.io, as they are an unregulated forex broker, which means your funds are not safe with them. Do not invest in their automated trading software, and do not trust any positive Coinsbit.io reviews you may see online. Always protect your hard-earned money and trade only with regulated and reputable brokers.
To prevent others from falling prey to Coinsbit.io, it is advisable to leave negative reviews on various sites. Look up reviews on other sites and provide a brief account of what happened. Additionally, if you have been a victim, leave a review and comment on this site’s comment section. Furthermore, be aware that scammers often call old clients after changing their website. If this happens, mention it in the comments or inform us. It would be appreciated by us and our users if you include the names of any companies that call you.
We wrote the Coinsbit.io review with the intention of protecting people’s hard-earned money. It’s essential to research and review any company, particularly Forex companies, before conducting any transactions. We hope our Coinsbit.io review has been beneficial. If you have any queries or require advice regarding the withdrawal process, feel free to contact us.
