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) |
 | Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
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) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
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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| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
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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| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
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) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
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.
I beg to differ Erik .There are many they have been scammed with the same trick. Not sure if you are still with them but be very careful when they take over and put trades with your whole equity on
Somebody pretending its me wrote that they got their money back.! An other dirty trick on top of the rest !!This is not me the original KD so whoever is impersonating me to stop! If you have paid with credit cards your original deposits and you are still within the 90 days
period you may have a chance to go via the credit card system as they are a fraudulent company so you were victims of fraud . You may need to use a legal firm that specialising in scammer claims or speak to your bank .It is a long painful process but if many of us victims of same tricks gather momentum we may get justice although we will never get our profits back. Do not let them get away with it. You can email me at codiam7@gmail.com with your case info and we can advise you what to do next but up to you
Keep on fighting KD – We are with you!
Day 2 of them robbing totally my equity and despite emails from Lev Rosenberg that he will call me soon and he is trying to sort it out i hit a blank wall when I ask how and when and he avoids calling although he sent email saying ready when you are .I replied now and sent a number of angry emails but as of now nothing ! To have a proof of how much the loss of my equity by them deliberately is costing me in loss of opportunity I placed a 100 euro with the standard 1:10 ( I was VIP before at 1:40 till they forced me to loose it all )trade yesterday noon and watching the P/L daily as BTC surges . Currently I would have gained a 50% increase of my equity should the 191k they lost me at one go and this proves how deliberate this is as it is happening every time they want me to put more of my own money. I am waiting to see what happens tomorrow and with what a fantastic proposition they will come back to try to extract more money instead of paying me by now only 16k euro against an equity of 191k euro I had generated with profits . Should they have not every time loosing my money with their trades my bonus entrapement would have been minimal and I would not be in that position now so it seems to me it is a well studied and rehearsed approach involving also well practiced lines of remorse or sympathy according to what they think will trigger most your confidence in them . To those still with them stay clear from allowing them to place trades from you. Place your own trades either late the night or over the weekend but how you are going to repatriate your money back is an other question as I found out any request I made was canceled in their web site to allow the equity disapearance act to happen . If others in same position let us have emails to see if we can pursue them some how as what they are doing is morally and professionally unheard of !
Day 3
They offered a bonus back in my account of 3k euro against a turnover 322m I need to make before I can take any money out !! I have my suspicions of how they operate now by deliberately loosing your equity by using an algorithm that maybe divert your equity to some other account they control ,whilst you think you lost the money in a trade, as in order to do this you surrender control of your trading via any desk and you simply execute what they are asking you to trade with . Again do not allow them ever to have access via ‘any desk’ in your account and do not accept to put the algorithm they will give you in order to withdraw into your account . Problem is that unless you perform their turnover as a slave trapped within their clutches even if you can make large gains you will never see your profits or even your capital back into your own account . Run away from them if you can and find an other reputable regulated broker . They may have robbed me from my equity and gains a number of times with the same trick but now I know for sure how they operate and I have shared my experiences with others so a collective approach in pursuing them with any legal means possible may save many others from the same predicament as us .
Same thing happened to me.
Invested 0.5BTC (around 3700 $ then)
I was having stable equity(around 7500$,making many trades to fullfill bonus agreement leverage amount) and then one day (month ago) “expert” guy named Logan called me to quickly make trade.
Press buy press sell and i lose 6000 $ in matter of second.
I looked at graph thousand times,it was flat line in that time,but something was changing and money was lost.
They keep telling me ,we will sort this out, but nothing happen.
Coins247 is a scam company , avoid it .
Hi KD,
I am glad to hear good news.
Let’s me rephrase my opinion about coins247.
Its a scam company run by real hustlers.
So you think its not a scam, but it is.
Invest money.
Trade a little bit, get used to trading. Everything is ok.
Then, coins247 expert show up to “help” you with your trade to speed up you trading process. You think its good and accept his help.
Then you lose your money, almost all of it.
Expert takes guilt/blame(or no) .. but money is lost somewhere in crypto space. I am sure they gain some profit from it.
Bottom line:
Yours really money is lost.
Thank you KD for that other platform you mention, i will check it out.
Regards,
Somebody pretending its me wrote that they got their money back.! An other dirty trick on top of the rest !!This is not me the original KD so whoever is impersonating me to stop! If you have paid with credit cards your original deposits and you are still within the 90 days
period you may have a chance to go via the credit card system as they are a fraudulent company so you were victims of fraud . You may need to use a legal firm that specialising in scammer claims or speak to your bank .It is a long painful process but if many of us victims of same tricks gather momentum we may get justice although we will never get our profits back. Do not let them get away with it. You can email me at codiam7@gmail.com with your case info and we can advise you what to do next but up to you
Whoever you are pretending its me declare why you are impersonating me !
KD why are you impersonating me
hallo
i like to speak you since i am in same situation now, wilt still 14.000 in the account, but they force me to invest again
help
it is wel know system, had it also twice, in seconds, that start blaming the trader, yelling, punisch him , dis miis him ,big drama, thay will sort it oout or give you extra bonus, o you can achive les turnover, is i think one big teatern thay plat sevral times a day, thery are trained to play that theater,
i pplayes in thet play already 4 times, cost me 6000 eyro so far
or there is another thing, you go to the recovery specialist, invest again, and yes they play same play… littel bit differant , with a lott of drama, and if you stop inveating, they play the bad person, if not thet are 100 friendly, hallo my friend, i have a new opprtunity to,make 5000 in one day, if you invest 2000, we make the wirtdrawel now, bleble blad.. it goed well for a time an than out of the bleu, tey hit you again,
I had even a discussion, an trade wen’t down, and the numer did not match up, they called there specialist , and it was bedcause of my brower and there was a delay, in the system.. They would work it out. The next day , nobody was aware and , yes.. thay will come back with a speed trainng, impossible proposal to earn in minutes… yiouy go up.. like 10.000 , but than the financial guys comes up with new stories
– you have not enough trunover
_ you can reduce turnover with -90 %, if you pay 7000 euro andyou can be done and collect 15000 same day… etc etc…
– They will lead y by the hand and yoy will have acces to the 1:40 leverage, lifetime, etc etc… if you do an extra investment, and yes you can image, 2 three trades and gobne is thge money
ì dod 250 trades , and had 25.000.000 ( yes miljon) turnover, but hola… yoiu must have 300.000.000 miljon turnover, according bonus agreement, nobody looks att, but you did sign. And you must do that in 3 months, was is impossible.
and i can go on, for 10 pages??? so contact le so i can make one big stories, wit all the play models so people does recognize at once
I am still trading , and fighting with thelm trying to fid solutiion,
i have still, 14.000 in the account, but they compe up with the story… that i got 14.000 bonus, withiout asking and all my Money , 11.000 is gone in stopplos, and i have only bonus money left, that is tecniquely not minen and by the Bonus aggreement, they can take out the bonus of 14.000 out of my accion and yes O zero is left for me…
what a wondeffull story… If you like to know the sory how it goes, join my whatsapp group, with samen stories…
mail me at laurent.genieten@gmail.com
maybe they come up with a solution… if so i also will tell it be sure
hallo
please mail me so we can talk
I have same bad experince, but have still and op account, they wan’t to close, since i did not make enough turnover .. Please contact me
I am very sorry to be using their platform!!! I placed them approx 80000 €, (most of it borrowed money) in BTC and they lost them all!!!
First I put inside 3,3BTC, and got 1 BTC bonus and not 150% bonus as they write here! And the real problem started with the trading expert used this money to put trades on their trading platform and told me to activate them by pressing sell and buy orders. I followed his instructions exactly and the money was almost entirely gone, lost in seconds!
He went to one of the “bosses” explaining what he did, and he yelled at him about his wrong doing!
Than they said that this is a very unfortunate situation and that they will do everything they can, to resolve the situation! They would solve the situation, by me paying insurance, another BTC, which would enable me to get the lost money back. After I send it they said now we need another BTC in order to get my money back in the same day… by the way, they non stop change people you talk to, and conditions of the arrangement and when I was upset with them and their demands, they said that nobody forced me to press the button and even one guy laughed at me saying BTC is not money!
Thing escalated as they said I have to put in 3 BTC more in order to have enough to make the “turn over” with which company would cover their loss in returning my wholesome. There was pressure made to do it as quickly as possible and after me telling I have enough of changing guys, one guy said he will help me till it would be resolved. He did not keep his promise, apparently he had a minor car accident and the next day a family issue! Another guy came front telling me this “trustworthy “ guy sent him, as he is a “turn over specialist “ and he will safely do the installments so they can “liquefy” my account and I can take now all my money out. I said I will not put money to trading and even if “trustworthy” guy said at first they want to avoid it, this “eXpert” said this is the only way and that he is the best in making turn overs for the company and that it is either this or I never get it back. He bragged why they put him in charge of the turnover process. I could not collect more than 1,5 BTC and in the next two days they call me, telling me that from 7,35 of invested BTC (in that time 70000€) I am left with 26€. All the bonuses that I never saw were gone as well ( together over 100000€)!!!
They said if you want to get all back, put in another 1,5 BTC! Which I couldn’t!
So I will never see invested money again?! This is legit?! FUCK NO!!! I have recorded all our conversations, but they say they have to do it by law themselves anyway. Till I don’t get my investment back I consider this platform a tool for collecting money with lies and company a well organized criminal organization… as today one of the top guys calls me telling me repeatedly I have only 26€ as I lost all money! And if I get 1,5 more they will “possibly”(his words) give all money back to my account. Of course no one talks about BTC went up almost 20%! The fact they are calculating in € and the fact that they promised 4 times and did nothing but loss(according to the numbers they are showing) and even made fun out of me loosing, joined with the fact that they call themselves Christian family people, I have nothing but the worst to say about them…
If there is someone with similar situation, please contact me through email and we can use legal claims both statutory and common law!
My email is:
Mihael5000@gmail.com
Not a scam got my money 3 weeks after making 30% + of my first five trades. i can recommend this coins site for everyone.
This is a total scam operation stay away from them and also spread the word to protect others . Whenever I was making gains in the trades and had substantial equity by trading alone up to 121k euro once I asked to repatriate 16k euro they said that my turnover of trades in order to release this money needed an other 4m euro trades so they proceeded in making me via themselves positioning via all desk as you hand the platform to them I was protesting that it sounds strange they wanted to put such large trades which carried the risk of loosing all equity but they insisted they need to do that as my withdrawal requests were getting blocked by their “financial department” .Within few minutes all my equity was wiped out and the trader who was on the line with me pleaded dismay and oh my God I will loose my job but to me it was a set up to make me loose all my equity .Where did this equity go I don’t know. I have requested someone who presented himself to be the chief executive called Lev Rosenberg based in South Africa to call me as he was supposed to look after me and had told me repeatedly he was a man of his word and had promised at the end of this month I will be able to repatriate profits. The profits exceeded expectation of course and this is when they tried to interfere with my account and rob me from my equity . I wrote in my email that unless he processes my money to be paid to me as expected and reinstates my lost equity as per various securitisation contracts signed with their own initiative to protect trade losses which they instigated I will go public and look what other legal options are there as a recourse . All I got back was an one liner email “I understand” . Wow ! Make your own conclusions but I am very upset and distressed from this experience and I would like to warn others. If they act honourably of course I will report back so stay attuned if you need to find out the outcome of this
Stay away from these scammers! I have been trying to get my 400 euro back for more than a month now but no luck. Better safe than sorry
They use completely predatory tactics. Any company that needs to resort so won’t be around. I was lured in by an artie talking about how Elon musk had an ai platform that was going to give you profits while using excess for development projects in developing countries. The site was not the same as coins 247. Then within 10 minutes I had them calling me asking about deposits etc. I waited and they called me from various call centres around work continuously hounding me despite always saying no. I told them to bugher off today. Let’s see if they get the point.
CFreserve is a total scam. The article with Andrew Forrest via ABC in Australia is fake and you can see that on his website – Fortescue metals etc testifying to this.
Don’t invest the $250 deposit and especially the next 5k they ask for. We have possibly lost the 250 plus some personal data. i will try and recover that, just glad i didn’t get sucked in as he (the broker) sounds soooooo convincing.
this sounds very like a company called CFreserve… i’m wondering if it is also a scam. sounds very convincing on the phone, but the documents look a little “homey” from my untrained eye. dubious and will try get my $250us deposit back.Would love to hear if others have had any experience. I think they are recruiting money/clients… but I’m new to all this anyway so completely unsure.