Coins 247 is a new cryptocurrency broker who claims to offer one of the most sophisticated trading platform. Their interface is user-friendly and can be accessed through any device which has an active internet connection. The maximum leverage offered by them is 1:40, but that is normal if you compare it to the other alternatives.
Their client base is growing gradually and looking at their marketing efforts, it might have caught your attention too. Go through our review to find out all the facts about this broker and decide for yourself whether they suit you or not.
Disclosure: We get commissions for purchases made through links in this post.
Ownership and Customer Care
Transparency and the legality are the two things every legit broker upholds. Coins 247 is owned by ™ Capital LTD, this firm is incorporated under the law of Bulgaria.
Registration Number – 205296441
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 | Crypto Betting Platform (CFDs) |
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Registered Office – 1505 Sofia city, Sofia District, Metropolitan Municipality, Slatina Region, 21 Brichitor Street, app 4, Bulgaria.
If you need any help on their platform, then you will be happy to know that they offer 24/7 customer support. Clients can reach them through many methods which is listed below.
However, note that they also have telegram channel. It is good to know that they are taking every step to interact with the customers directly.
Phone – +3728801448
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| Crypto Betting Platform (CFDs) |
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Email – support@coins247.io
Charting Platform and Interface
This topic is a subjective one, but there are a few things you should be aware of Coins 247 does not offer MT4 platform. So, all the automated trading Expert Advisors cannot be run with this broker.
Moreover, the lack of MT4 integration means that you cannot import most of the custom indicators. On the bright side, TradingView also has a number of unique feature. Since the whole platform is web based, the experience of using iw will be seamless across all your devices.
The number of indicator available by default will be enough for most traders. However, the users might have to pay to unlock all the features.
We do not know whether this broker offer account management services, but even if they do keep an eye on the fees. As far as asset management is considered, always make sure that you check the entire trading records of the person whom you would like to copy the trades from.
Account Types and Leverage
Leverage on this broker depends on the account type you choose. There are a few distinctive advantages for choosing the more premium versions, but it depends on your approach to the market.
Here are the list of factors you get with the specific types of accounts.
Basic
Minimum Deposit – $250
1:10 Leverage
Account Manager
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50% Bonus
Platform walkthrough
Silver
Minimum Deposit – $10,000
1:20 Leverage
Senior Account Manager
75% Bonus
Technical Education
Gold
Minimum Deposit – $25,000
1:30 Leverage
Executive Account Manager
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100% Bonus
Technical and Fundamental Education
VIP
Minimum Deposit – $50,000
1:40 Leverage
VIP Account Manager
150% Bonus
Technical and Fundamental Education
Domain Insight
This domain was registered privately. So, we could not trace the identity of the owners. However, here are the main details of this website.
Domain – Coins247.io
Registered on – 20/09/2018
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| Crypto Betting Platform (CFDs) |
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Expires on – 20/09/2019
Alexa Global Rank – 3,409,154
Due to lack of data, we do not know the traffic source of this site.
Bonus
Depending on the amount of your starting capital this broker provides you a matching bonus. However, before you accept them, read all the terms and conditions.
Most of the time traders are required to generate 10 times to 25 times the bonus amount. So, if you do not have a clear idea about what you are doing, then definitely avoid that. On the other hand, if you are starting with low initial deposit amount, then taking bonus will give you more money to play around with.
Deposit and Withdrawals
Coins 247 accepts major credit and debit cards along with wire transfer. The fees associated with the deposit and withdrawals are unknown. Minimum deposit is $250, but there is no information of the minimum payout or about the time they take to process them.
Before dealing with them, get in touch with their support team and gather the details once. Although, lack of e-wallets might be a deal breaker for some, majority of the people might be comfortable with the current options.
Coins 247 Review Conclusion
Coins 247 lacks credibility. Since they are new, there aren’t any feedback from the clients about their service. We are not saying that it might be harmful, but it’s always better to stick with FCA regulated brokers. Given the amount of choices available, right now it is not all that safe to indulge with them.
Reggie, did you withdraw your money with ease? I believe a similar company called CFreserve is the same people as they do all of the above also.d I put the deposit of $250US down, now I am certain it’s gone but trying my efforts to get my money returned as they are replying to my emails (unusual if a scam). Is it legit to get it returned or should I just give up and say goodbye to my losses?
how are you going with your investigating with cfreserve reliability? I’d be interested on your thoughts? Have you ever traded before ? thanks
I never did a trade, I am still waiting for my money to be returned. The process hasn’t been easy and it’s been over a week now. I am just hoping for the best. I had issues trying to withdraw my funds but the support emailed me to tell me that they have applied for it and then a week later they approved the withdrawal…but there is a waiting period for my money to be returned.. and I’m still unsure of how it is being returned as I have been very specific of how I would like it to be returned but their emails are vague. The people of the phone sound genuine, telling me my money will def be returned and they aren’t going to hold it against my will…so I am still conflicted / uncertain on them.
If it’s returned then I guess it’s legit, but only time will tell…it has been a week or two now. Oh and not to mention trying to contact anyone is next to impossible. One email works and they do actually reply, but you have to wait for someone to call you if you want to talk in person.
Aah yes it all sounds too familiar. I’ve just done a request for my deposit $250 to be returned. We shall see. Very smooth talker my “broker” is. But if you look at the statement on Andrew Forrest website and ABC they say its all a scam. And that where i got my link from that article, which landed me at Cfreserve. So weather they send our money back will be interesting. Fingers crossed. On another note we can apply to our bank- they have contingencies for these scammers to hit them up directly, you might get it that way. 🙂
Yep. I did the same thing, I am hoping so. I have taken precautionary measures ensuring they cannot take any more of my money. I will give them another week and if nothing then I will give up. It’s strange how a scam replies to the emails tho. Normally that doesn’t happen. I have spoken to my bank and because I gave my card details out willingly they can’t do anything. I wasn’t happy but it is what it is. Hoping they just return it haha. Goodluck, I will keep you posted if the money is returned or not 🙂
Hey Brew,
Great news I got my money back today!! Has been a long process, over a month but the full amount has been deposited into my account.
Such a relief.. they may not be a scam, but I don’t trust them still.
Goodluck!
Great news on getting your money back!!
What did it come back to? You’re bank account or credit card?
I’ve just closed the bank account I was going to use!! Whoops maybe I need to change my details … thanks
CF’s ‘refund policy’ apparently states that they can only return the money to the card it was paid with (as I didn’t do any trades and asked for refund straight away). Even though I cancelled this card, I contacted my bank and the fraud team made a note on my account so when the company EVENTUALLY processed the refund.. even though it was to the closed card, the money will still be deposited into the account that the card was associated to. I kept hassling CF customer support as I didn’t think i would receive it back and one day, weeks later, it was finally there. I was worried because even though I gave them my account details to put the refund into, they would only refund it to the card I used to pay… legally for them, it had to be that way.
Helpful and polite customer service and all around good and fair trading process. made 49$ on my first investment and will keep my money in balance until i have enough to cash out. Not a scam from what i can tell.
I was called within 5 minutes of registering my name and email account. My laptop was blocking their website….alarms bells ringing. I tried to get on several ways but couldnt…..I tried to recall the missed phone number but didnt exist! Then I got another call withing another 5 minutes and he tried to help me with log on, but couldnt get on my laptop. He then asked me if I wanted to join over the phone and deposit my money. I politely declined. I have come to the conclusion that this is a SCAM. Calls from South Africa, but located in Blugaria.
I have been requested 250Eur to open an account and I am reaching 500Eur.
They are asking me now to deposit 1500Eur to enable the AI functionality and allow me to have a 4x session trading university. I am now to understand if i can withdraw money before i do it. Has anyone already managed to verify the account to withdraw money with them?
Thanks in advance
you will never get cash out from them
I got my money back (500€) but after insisting with them for several days. Had to verify the account with my id, a letter with address and copy from front/back deposit card (I covered the numbers, just left 4 last digits available). They blocked my account, but really I don’t need the services of a company that requires so much hassle to return your money/investment.
I fell for the hype and deposited the minimum £250 using my credit card – incurring a £12.50 fee and £3.50 interest charge in the process (that I only discovered when I looked at my credit card statement). Within minutes of signing up I was contacted and the account manager tried to get me to deposit £6k that he said would be refunded if he failed to make profits after a week of trading. I refused but was nearly duped into depositing another £1k. However my credit card company would not authorise this transaction (thankfully!). Trades were placed on my behalf and I found myself down by £100 immediately. A week later my account manager placed some more trades that were closed almost immediately having reached their Stop Loss limits. I have been trying to withdraw my £130 balance for over 2 weeks to no avail. Emails are being blocked and no one gets back to me on the live chat site. I am putting this down to experience.
As previous comments state, it’s a scam! They even try to get personal data, e.g. like your credit card’s CVV number!
Stay away from them… they called me 3 times… and after I told that I need more information and I want to verify on internet more safe information before to do a deposit… after all… the call attendant started to speak very fast and said “If after everything I told you… still remain doubts about our trading system, It is why you do not deserve our system… bye!!!
Complete scam people, don’t get any money deposited in them.
I have tried to register but didn’t put deposit and then give a try to send an email to customer support. I got bounce back email as below. 100% scam.
Your message wasn’t delivered to customersupport@coins247.io because the address couldn’t be found, or is unable to receive mail
Stay away with Coins247!!!!!! I have signed up with them but not make a deposit yet, they were calling me like 5 times in 2 days asking me if I need help for deposit also keeps on telling me how good is the market right now, at the last call they even swear to me for wasting their time and not making a deposit, this is 100% a scam company.
I was scammed to get on Coins 247 because of an interest in a new BitCoin currency being released/offered.
On a plus note, I earned $75 on my first trading day with the help of my advisor. Now, I need to withdraw my money (with no hassle I hope).
Hallo Reggie
Try to get the money back…you will have loot of hassle, believe me