Coinsmarkets.com has a rating of 1.0 star from 1 review, indicating that most customers are generally dissatisfied with their purchases.
This is serious advice especially to no novice traders on how not to get scammed by Coinsmarkets as I was, all my retirement savings. DONT INVEST. SIMPLE
The scam model is similar if not identical to others such as Grand Pacific Trade (a sister company well known for scamming).
They harrass you non stop to invest with smooth talk and promises. The first danger sign is when you want to withdraw - massive reluctance even if you have high liquidity and Margin Level. The trick is the "account manager" guides you what to invest in. I totally to appear to make good gains ON PAPER.
Believe me, the profits are not there, your funds are stolen and banked by CM via a tangle of crypto wallets. They will lose all your funds, blame you and issue a Margin Call which means you have to put more funds in. The "account manager" looking after you commits to months of Contracts in advance and loses you money by not using Stop Losses on trades to protect you, then denies he had anything to do with placing trades.
You will be asked if you are an investor or trader. They prefer investors as they are easier to swindle.
Is extremely shocking to lose everything despite very convincing salesmanship. Above all avoid an "account manager" called David Hoffman and his "boss" Paul Barks. They will send you broke, they did it to me when I was sick in hospital. O scruples, no honesty, no conscience. DO NOT GIVE A CENT TO COINSMARKETS, I WENT THERE AFTER HAVING BEEN SCAMMED ONLY TO BE SCAMMED AGAIN IN JULY 2022. This is here to warn people and protect them. These a**holes snort too much coke and are very aggressive. STEER CLEAR AT ALL COSTS.
You will be very sorry you ever went near them. This is a 100% genuine review and I can prove it. $850k lost in just four months, I am suing COINSMARKETS for deceit, embezzlement, fraud and larceny.
Luckily I have an extremely aggressive lawyer in my family with decades of FS experience. He will rip COINSMARKETS a new one. These people are condescending, arrogant, irresponsible charlatans.
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