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) |
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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.
I’m still waiting for my refund of £250.00. They tried to scam me out of £4000. Thank God my bank blocked the payment!
Now since I don’t want to invest moooore money, they suggested I close my account. Weeks later, I’m waiting for my refund of £250.00. I take it I shouldn’t bank on it!😒
I feel really feel bad for those of you who have been scammed out of more money than me.
Halo diane
I just spoke with coins247 , the are verry nice. I have now a verry good contact with them. They have a new mangement i think and i got a 1000 euro back to my account TODAY !! . I can proof that if you like, sent me your email and will sent you the bank proof!! . I would again mail them on the support line. Before it did not work so good , but in my feeling they are on the right track now. So pleas ignore and forget all other negative remarks
These glowing comments are made by Coin247.io. Please take care and stop now!
hallo
These comments are made by me, laurent.
I can prove it to you if you like…you can mail me if you like
Laurent@luxpen.be…so please stop , your site to make always negative comments
i hva to excuse myself… i am no also victim, i have 14.000 in, but can not get them out. They say my money is gone, and it is only bonus left
you can use my personal mail for reacting
How much did they pay you. Ypu rat.
hoi
i need to explain, and i am no more positive anymore
you can mail we so we can get contact privatly
yes , I got some money back, but they keep asking for more
i have to say sorry
i was first in good contact but now, they keep on asking money
stay away
hallo diane
thzere are noi nice anymore, and have to come back on my words
ihave 13.000 in, and can not get it back
can i call you ??£
Laurent
I don’t believe anyone will/can get their money back. As I called and emailed them numerous times kept saying I should keep on trading with them until the goal being reached then I can withdraw. All bullshit!
Fucking scammers! They should be prosecuted!
This is a true they are great platform to trade, and good customer service.
The one claiming that they got their money back are all fake, as the company is well organised in deliberately scamming people! They owe me more than 10 BTC, and I am not the only one! Demanding more and more BTC (which they say is not real money) to make the turnover, which they lose every time! Then they say I lost it. One guy Keagan is regularly calling me wanting more investment, telling me with a sarcastic voice that instead 100000 € I have left only 26 € and that they can give it to me if I want! They want to close my account unless I send them more money to lose, better said to take! They are a well-organised group of more than 10 people, but so is the group of injured parties. If you had a bad experience with them, let us know on mihael5000@gmail.com…
same story
did invest more than 10k , got bonus, did trade on there advice, bad trades… you hit the sell button they say…on there advice
Al the time new account manager, built up thrust, than emergency, other trader.. again down ..
Can not witdrawl, since i lost to much, have to buy out the turnover with 6K, did refuse, new account manager, building up thrust… I can now buy out with 3K…
i think this is also not thrue , and tehre will never be a withdrawl, and in the end the money is all gone.. you can say nothing since you place the trades. you can nit ring them since the tel are IP numbers
Same story
Recovery comapnies are the devil! stop it
Hi guys, I have invested minimum deposit 250€ made few trades and Ive got 500€ I decided to withdrawal 400€ for a test. After two weeks of waiting still got no money but they’re asking me to make some kind reverse transaction.
“We express our sincerest apology for the delay in your refund.
We are experiencing difficulties with the payment service provider in releasing your funds after we gave multiple instructions to issue refunds to you, but with no success.
We hereby request of you and give you permission to reverse the transaction (your deposit made with Coins247). Please find the below details for your attention to provide to your financial service provider (bank)”
Anybody had similar situation?
Hallo
It can be thruth.. but be wait to do more trades, till you get the money back
did you get the money back
laurent
I didn’t. They’re keep saying same lies all the time. TOTAL SCAM
Me again after a month still got no money from them. Just wanted to let you guys know that COINS247 IS A SCAM.
hallo frank
can we get in contact, i have same bad experience now“`
I spoke with my bank
maybe this company can be part of a higher plan, to work togheter
payback-ltd.com
but i am not sure
Can somebody help to investigate
laurent
We have answers and most likely a solution.
Many traders are not aware that they have experienced fraud due to the nature of investing. If you have made an investment with an online company and suddenly experience severe losses over a short period of time, you have most likely been defrauded.
If a company insisted on you adding more and more funds with no results, you are most likely entitled to receive all your funds back.
If these circumstances sound familiar, please contact me in order to discuss your options. Help us build our case against Illegal companies, and get your money back as soon as possible.
Best Regards,
—
May Shapira
PayBack Ltd
Toll Free: 1800077165 | Office: 033094596
US:1-6469680944 | UK: 44-2033188546 | AUS: 61-283174997
Address: Ben Gurion 38, Ramat Gan, IL
Email: may.s@payback-ltd.com
Website: payback-ltd.com
I am with you!
All these adverse comments apply to me as well.
I am with you!
IT IS A SCAM !!!
hallo
why you think there are a scam. did you invest money. Did you get money back already.
My story so far
Thanks for your answer.
i did invest and we where making money in plsu till i reacht like 20.ooo euro
then my account manager, did some mistake and was suspended ( noy sure that was the case)
another guy did advice me some trades and do go -6000 euro
than the original guy was back and i only did trade with him.. we went back to 20.000 and we would mak a witdrawl the next day, so far so good
than suddenly, this guy, had personal famely problems and left suddenly, and again, he fied of him wil make the final trade and money would be sent back
you can imagine what happens, in 3 sec we did lose 15.OOO
now there is 9000 left but i can nit take them back since i did hitt the button, on there advice, and all my money is gone , and the 9000 whasbonus money
again this guy was suspented, and the bog was wan’t to help me to recover the lost money
i had to invest againl like 7000 and the company would invest also 7000
and we could make the trunover soon and al all money would come back
i DID refuse, and i do not know what to do
i had an insurrance, for losses of 10.000, so thay wil bring it back in balance, but i can only trade with it, not withdrawal
this wil happen tomoorw
we did some trade san wnet back up 300 euro
i think , even if i trade tille , 50.000 they will always have an excuse not to pay back
so i do not know what to do
please say.. IT IS A SCAM, does not help me
can you give more explenation , seems this company can help
payback-ltd.com
did you hear about them
laurent
hallo
i need help with the company coins247.io
i think they are not honest and uses tricks to take money
can somebody help
laurent
I spoke with original KD. His case is exact same as mine.
For all readers of this posts/comments if you are in similar situation, lets get together and get more evidences so we can use it with legal authorities, which can act and hopefully return our investments and profit, which Coins274 scammed us.
My email:
bmanola@gmail.com
Recovery money will lend you in hell mister!
I spoke with original KD, our cases are exactly the same.
We have been scammed in a same way.
For all readers, we need to collect more cases where scam happened, and then there will be more proof for legal companies which can process this scam company and hopefully return our investments, maybe profit too from coins247.
My email is
bmanola@gmail.com
Regards